Struggling retailer Sears Holdings Corp. said Thursday its fourth-quarter profit was cut in half as charges weighed down results and shoppers continued to avoid buying pricey appliances - keeping sales mired in their prolonged slump.

For the three months ending Jan. 31, the company earned $190 million, or $1.55 per share. That's down from $426 million, or $3.17 per share, a year earlier. Excluding charges as well as one-time gains, Sears Holdings earned $360 million, or $2.94 per share.