August 28th, 2008, 06:03 AM
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Sears' 2Q profit drops 62 percent
(AP)
AP - Sears Holdings Corp. said second-quarter profit fell 62 percent drop as the retailer continues to struggle to attract customers to its stores despite a high-stakes restructuring. The company also said that it expects that its sales and gross profit margins will continue to be pressured as it sees no near-term improvement in the economy.
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