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US retail group Sears has reported a 62% fall in second-quarter profits after it struggled to attract customers through its doors. It earned $65m (£35.4m), or 50 cents a share, in the quarter, down from $173m, or $1.15 a share, a year earlier. Revenues fell to $11.76bn from $12.26bn at the group, which operates Kmart, Sears and Roebuck stores. Sears has struggled to turn its business around. Same-store sales have... [read full story]
