Kmart parent-company Sears Holdings reported on Thursday that revenues for the company decreased $1.5 billion to $5.8 billion for the third quarter ended Oct. 31. At Kmart, comp-store sales were down 7.5% for the quarter.
Reuters is reporting that Brookshire Grocery’s parent company, Brookshire Holdings, has stopped the process it was undergoing to potentially sell the grocery chain for as much as $1 billion. The company did not give any comment on why the process was stopped. (Reuters)