Sears has reported a decrease in total revenue of $125m (£75.9m) to $10.3bn (£6.25bn) for the second quarter ended July 30. The decline was primarily a result of a 0.7% fall in domestic like-for-like sales and the effect of having fewer Kmart and Sears full-line stores in operation.

However, it was partially offset by an increase of $86m (£52.2m) due to changes in the Canadian foreign exchange rate. Domestic like-for-like sales results included a 1.2% decrease at Sears Domestic while Kmart remained flat.