Sears Holdings Corporation, the retailer controlled by hedge-fund manager Edward Lampert, posted a fourth-quarter loss that was larger than it forecast last month as sales fell for the sixth consecutive year.
The loss narrowed to $489 million from $2.4 billion a year earlier, the Hoffman Estates, Illinois-based company said Thursday in a statement. Sears had predicted a loss of $280 million to $360 million. Revenue fell 1.8 percent to $12.3 billion, topping the two analysts’ estimates compiled by Bloomberg as domestic same-store sales improved.
