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News Tagged By: Sears Canada

Sears Canada posts loss, names CFO

Department store chain Sears Canada Inc. posted a loss in the first quarter compared with a profit last year, and named E.J. Bird as chief financial officer.
Bhaswati Mukhopadhyay, Reuters
Posted on 5-22-2013 at 8:14 AM
Tags: Sears Canada

Sears Canada mulls asset sales

Sears Canada Inc. will continue to consider selling off non-strategic assets as it races to bolster its struggling business amid tougher competition.
Marina Strauss, The Globe and Mail
Posted on 4-25-2013 at 3:49 PM
Tags: Sears Canada

Sears Canada prepares for battle

Sears Canada is under siege from Target Corp.'s aggressive Canadian expansion, but the 60-year old department store chain is fighting back. Chief executive Calvin McDonald gives BNN insight into...
BNN
Posted on 3-14-2013 at 3:10 PM
Tags: Sears Canada

Sears Canada profit falls on weak hardware sales

Canadian department store chain Sears Canada Inc. said its fourth-quarter profit fell 3 percent on lower sales of hardware and home electronic goods.
Krithika Krishnamurthy, Reuters
Posted on 2-27-2013 at 7:45 AM
Tags: Sears Canada

Retailers, shoppers adjust to life without the penny

The penny is beginning to drop. Canada's most ubiquitous coin will play a dwindling part in everyday business beginning today, as Ottawa phases it out to cut costs.
Marina Strauss, The Globe and Mail
Posted on 2-04-2013 at 8:12 AM
Tags: Loblaw, Sears Canada, Wal-Mart, Tim Hortons, Home Depot, Alimentation Couche-Tard

Sears Canada lays off 700 workers

Sears Canada, which is struggling with shrinking sales and the looming arrival of Target Corp. on the Canadian retail scene, said on Thursday it was laying off 700 workers as part of a plan to...
Cameron French, Reuters
Posted on 2-01-2013 at 8:58 AM
Tags: Sears Canada, Sears Holdings, Target, Wal-Mart

Sears Canada CEO admits slow progress on 3-year plan

About 19 months after taking over as Sears Canada Inc.'s CEO, Calvin McDonald said on Friday he was staying the course with his three-year turnaround plan for the ailing department store chain even...
Allison Martell, Reuters
Posted on 1-18-2013 at 12:18 PM
Tags: Sears Canada, Sears Holdings

Sears Canada's sales decline seen holding back parent

Sears Canada Inc.'s parent said sales at the Canadian chain's established department stores fell 5.8 percent in the nine weeks to the end of December, a performance likely to hold back results for...
Allison Martell, Reuters
Posted on 1-08-2013 at 9:04 AM
Tags: Sears Canada, Sears Holdings

Sears Canada CFO resigns

Sears Canada is shopping for a new Chief Financial Officer.
BNN.ca staff
Posted on 12-24-2012 at 9:18 AM
Tags: Sears Canada

Retailers brace for Target's cheap chic

Retailers of all stripes are bracing for the day next spring when Target Corp unlocks the doors of its first stores north of the border, but its instant competitive heft probably won't weigh on all...
Allison Martell, Reuters
Posted on 12-10-2012 at 8:32 AM
Tags: Retail, Shoppers Drug Mart, Target, Sears Canada, Hudson's Bay
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