Sears Loses $56 Million In The First Quarter, Experts Say Kmart May Have To Go

Sears Loses $56 Million In The First Quarter, Experts Say Kmart May Have To Go

Bad news for Sears Holdings — the parent company of Sears and Kmart lost $56 million in the first quarter, and some experts are saying that boss Eddie Lampert may have to face up to the fact that Kmart needs to close.