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Merchants report Q3 woes
That the third quarter was tough for multichannel merchants was again apparent Nov. 16 as another round of results were released. However, growth in Internet sales provided a bright spot for a couple of retailers. Sears Holdings Corp. reported revenues declined $300 million for a total of $11.9 billion for the 13 weeks ended Oct. 28, with revenues at Sears declining $100 million and revenues at Kmart dropping $200 million.