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 CHICAGO (AP) - Sears Holdings Corp. reported better-than-expected second-quarter earnings on Thursday despite another drop in sales. But analysts fixated on a couple of paragraphs buried deep in the report that may indicate Chairman Edward Lampert is up to something that has nothing to do with selling more merchandise at his stores.
"He's going to buy something else," said Howard Davidowitz, chairman of Davidowitz & Associates, a New York-based retail consulting and investment banking firm.
The reasons, they say, start with the way the nation's third-largest retailer has exceeded expectations — not by increased sales but by cutting costs.
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