Sears Holding Corporation (SHLD), the fourth largest broadline retailer in the U.S., has reported relatively modest second quarter results with a decrease in year-over-year revenue and net income, and improvement in the balance sheet. Sears reported total revenues of $10.6 billion during the quarter compared to $11.8 billion in the year-earlier quarter. The decrease in year-over-year sales was primarily due to a decline in comparable store sales and the adverse effect of foreign currency. Total comparable store sales decreased 8.6% during the quarter, with the Sears Domestic division accounting for 12.5% decrease and the Kmart division accounting for 3.9% decrease. The Sears Domestic division was negatively affected by the decline in the housing industry coupled with a decrease in apparel sales. The Kmart comparable store sales also declined largely due to a fall in apparel sales, which was partially offset by an increase in home electronic ...