Sears Holdings (NASDAQ:SHLD) feeling economic pressure after announcing a profit loss for the second quarter. The retailer posted a loss of 86 cents per share which was in line with analyst expectations. Revenue, however, fell 6.6% to $9.47 billion, below the street’s estimate of $9.63 billion. So even though it was expected Sears would lose money in the quarter, its sales were still weaker than what analysts predicted. Despite this news, Sears is trying its best to mitigate its losses by closing stores, selling real estate, and spinning off various parts of its business. Just recently, the company said it will split its Hometown and Outlet stores as well as some hardware stores into a separate publicly traded company. Sears hopes to raise $246.5 million through a rights offering