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News Tagged By: Sears Canada

Liquidation Situation: The slow dismantling of Sears Canada
The struggling retailer – which posted a net loss of $59.1-million for the first quarter to go along with six straight years of falling sales – announced Thursday that chief executive Ronald Boire will depart at the end of the summer.
Posted on 7-03-2015 at 7:31 AM
Sears Canada CEO quits amid turnaround, joins Barnes & Noble
Sears Canada Inc Chief Executive Ronald Boire will leave the Canadian retailer in the midst of a turnaround to take over the top job at struggling U.S. bookstore chain Barnes & Noble Inc.
Posted on 7-02-2015 at 9:42 AM
Desjardins: Now or never for Sears Canada
The time for Sears Canada to turnaround its business is now or never, according to Keith Howlett, Desjardins Capital Markets analyst.
Posted on 6-27-2015 at 7:29 PM
Sears Canada posts smaller quarterly loss
Same-store sales were down 4.3 percent, measuring a decline at locations open at least a year.
Posted on 5-20-2015 at 7:36 AM
Sears Canada looks to cash in on Target’s retreat
Ailing Sears Canada Inc. is aiming to benefit from the quick retreat of U.S. discounter Target Corp. from this country.
Posted on 4-23-2015 at 12:40 PM
Sears Canada CEO says more store closures possible
Investors are increasingly worried about its future as the department store chain continues to lose money and the decline of its same store sales accelerates.
Posted on 4-16-2015 at 3:48 PM
Sears Canada boosts cash balance with sale-lease deal for three properties
Sears Canada is the latest retailer to monetize some of its real estate.
Posted on 3-11-2015 at 11:50 AM
Sears, Hudson's Bay mattress discounts under investigation
The federal Competition Bureau is investigating whether Canada’s two major department-store retailers have touted bogus discounts of their mattresses.
Posted on 2-23-2015 at 8:02 AM
Darwinism in action among Canada's troubled retailers, says analyst
Canada’s retail scene is not down and out for the count, it’s just a case of Darwinism in action, according to a retail expert.
Posted on 2-20-2015 at 1:58 PM
Wal-Mart to invest $340M in Canada
Wal-Mart's move comes less than a month after rival Target Corp. said it would exit Canada. Sears Holdings Corp. last year lowered its stake in its Canadian operations to about 12 percent, after failing to find a buyer for its holding in the business.
Posted on 2-11-2015 at 7:47 AM
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