The operator of Sears and Kmart stores posted a first-quarter loss of $3.93 a diluted share. Revenue fell due to fewer stores and a 12% drop in comparable-store sales. The Hoffman Estates, Illinois-based retailer said Thursday that it has identified 100 unprofitable stores, and 72 of them will begin store-closing sales in the near future. It will announce the locations to close by midday. Click Read More below for additional information.

Fourth quarter operating results increased primarily due to volume growth and disciplined revenue and portfolio management. These factors were partially offset by costs to support strong demand, increased variable compensation expense, and higher labor rates. Net results include a loss on debt extinguishment of $393 million ($297 million net of tax). FedEx Express fourth quarter operating income more than doubled year over year, driven by exceptional growth in international export and U.S. domestic package services. Operating margin increased 260 basis points (an adjusted 340 basis points; adjusted measures exclude the items listed below for the applicable fiscal year), as improved network optimization and asset utilization enabled profit growth from record fourth quarter volume.

Dollar Tree reported a solid first quarter, with sales growth, margin expansion, and earnings ahead of Street expectations as it continues to expand its multi-price strategy. The discounter, which is celebrating its 40th anniversary this year, opened 113 new stores during the quarter, and converted or added about 630 stores to its multi-price format, ending the quarter with approximately 5,900 multi-price locations. It’s on track to open 400 new stores this year.