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Earnings roundup: Sears, Kohl's

The Associated Press

Among the earnings stories for Thursday, Feb. 28, from AP Business News:

— Sears Holdings Corp. narrowed its fiscal fourth quarter loss as it reduced expenses and improved sales a little at its namesake stores. The results offer a glimmer of hope for a troubled department store chain that still has a long way to go to turnaround its Sears and Kmart stores.

— Kohl's Corp. said that its fourth-quarter net income dropped 17 percent, as the department store chain resorted to price cuts to sell more merchandise, reducing its profitability.