Since Sears, Roebuck and Co. was purchased by Kmart making Sears Holding Corporation, the company reported a net loss for the first quarter of the year. The merger was completed on March 24, 2005. Sears Holdings ("Holdings") is the nation's third largest broadline retailer with approximately 2,300 full-line and 1,200 specialty retail stores in the United States operating through Kmart and Sears and 340 full-line and specialty stores in Canada operating through Sears Canada Inc. ("Sears Canada"), a 54%-owned subsidiary.
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