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Sears Canada Inc.

A collection of news and information related to Sears Canada Inc. published by this site and its partners.

Top Sears Canada Inc. Articles see all

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  • Sears Canada reports loss as revenue slides 12%

    Sears Canada reports loss as revenue slides 12%
    Struggling department store chain Sears Canada Inc. reported its ninth loss in 14 quarters as sales continued to decline.
  • Sears may close more stores as it posts 9th consecutive quarterly loss

    Sears may close more stores as it posts 9th consecutive quarterly loss
    Sears Holdings said Thursday its loss widened significantly in the second quarter and announced it may close more stores, in addition to the 130 closings underway this year. Hoffman Estates-based Sears lost $573 million, or $5.39 per share, during the...

    Sears explores sale of stake in Canadian arm, no quick deal seen

    Sears explores sale of stake in Canadian arm, no quick deal seen
    Chcicago-based Sears Holdings Corp said on Wednesday it was looking at selling its 51 percent stake in Sears Canada Inc, a move that could trigger a deal for the entire Canadian operation, though a quick and easy sale was seen as unlikely. Sears Holdings,...

    Sears Canada losses double in 1Q

    Sears Canada losses double in 1Q
    Sagging demand for spring merchandise more than doubled Sears Canada Inc.'s first-quarter loss, the retailer reported Wednesday. The struggling company, 51-percent owned by Hoffman Estates-based Sears Holdings Corp., said its net loss widened to C$75.2...

    Sears losses deepen as sales slide again

    Sears losses deepen as sales slide again
    Sears Holdings Corp. posted a steep first-quarter loss Thursday as revenue continued its seven-year slide amid continued store closures. The Hoffman Estates-based retailer reported a $402 million loss in the first quarter, or $3.79 per diluted share, a...