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Thursday, February 28, 2008

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Sears profit loss due to competition

A Sears in Memphis, Tenn.

This morning, Sears reported a 48 percent decline in quarterly profits. But Dan Grech reports there are other reasons the 121-year-old retailer's in trouble.

A Sears in Memphis, Tenn. (Saul Loeb/AFP/Getty Images)

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