Dec 4, 2014 2 min read

Sears Holdings on Thursday announced a wider loss for its third quarter, showing the former shopping powerhouse was still struggling to get back on its feet.

For the quarter ended Nov. 1, Sears posted a loss of $548 million on $7.2 billion in revenue, compared with $534 million on $8.3 billion revenue for the same period last year. That translated to a loss of $5.15 a share, compared with a loss of $5.03 a share in the year-ago period.

Analysts polled by Thomson Reuters predicted a loss of $3.31 a share on revenue of $6.88 billion.

Sears has moved to spin off a number of assets to try to raise money, including the Lands’ End clothing business and a stake in its Canadian business. Last month, the company announced that it was considering selling some of its stores to a new real estate investment trust in an unusual move to help raise cash.

The company said Thursday that its short-term debt increased to $2.1 billion in the quarter, from $1.8 billion for the third quarter of 2013.

Some of that money has come from Sears’ own chief executive and largest shareholder, the hedge fund manager Edward S. Lampert. Lampert has lent Sears $400 million, using 25 Sears stores as collateral.

The company has cash on its books totaling $326 million, down from $384 million last year.

Comparable domestic sales for Sears, which also owns the budget Kmart chain, fell 0.7 percent for the quarter, compared with a decline of 4 percent in the third quarter of last year. Comparable sales at Kmart increased 0.5 percent, up from a decrease of 2.1 percent last year. The company said that sales in the apparel, outdoor living and toy categories helped its third-quarter performance.