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News Tagged By: Sears Canada

Embattled Sears Canada posts another loss
The struggling retailer reported its 10th loss in 15 straight quarters as slumping sales continue, showing little sign that its turnaround plans are bearing fruit.
Posted on 11-18-2014 at 9:33 AM
JPMorgan to terminate credit card deal with Sears Canada
Struggling retailer Sears Canada faces another setback as JPMorgan Chase said Monday it will terminate its Sears MasterCard credit card deal.
Posted on 11-17-2014 at 8:11 AM
Sears Holdings explores creation of REIT to raise cash
Struggling retailer Sears Holdings Corp said it was exploring the conversion of 200-300 stores to a real estate investment trust (REIT) and offer it to shareholders through a rights offering to raise cash.
Posted on 11-07-2014 at 8:01 AM
Sears turns to CEO again for cash to boost confidence
Sears Holding Crop. saw shares jump over 20 percent on news of the company's latest fundraising efforts.
Posted on 10-20-2014 at 6:14 PM
U.S. hedge fund now owns almost half of Sears Canada
Edward Lampert’s hedge fund has taken an almost 50-percent stake in Sears Canada Inc. after its parent company began a rights offering this week.
Posted on 10-18-2014 at 2:14 AM
Sears Canada gets new interim CEO from U.S. parent
Struggling Sears Canada Inc., whose U.S. owner plans to unload most of its stake in it in a rights offering, is getting a temporary new boss - Ronald Boire. Previously he was chief merchandising officer at U.S. parent Sears Holdings Corp. as well as president of its two key retail divisions, Sears and Kmart Corp.
Posted on 10-15-2014 at 7:55 AM
The good, bad and ugly of Canadian retail
Canadian Tire CEO Michael Medline’s address at an investor’s conference Thursday sounded like a locker room pep talk as he invoked a colourful hockey metaphor to tout his company’s ongoing success. Meanwhile, rivals Target Canada and Sears Canada are relegated to the proverbial back bench of the Canadian retail landscape.
Posted on 10-09-2014 at 3:53 PM
Sears to sell its Sears Canada stake through rights offering
Sears Holdings Corp. said it will conduct a rights offering of Sears Canada Inc. shares to generate as much as $380-million for the retailer.
Posted on 10-02-2014 at 7:41 AM
Sears will be gone in 36 months: O'Leary
Sears Holdings Crop. wants to sell it's majority stake in Sears Canada for a cash injection of as much as $380 million ahead of the crucial holiday shopping season.
Posted on 10-02-2014 at 6:35 PM
Sears Canada CEO steps down
Struggling Sears Canada Inc., whose U.S. parent has put it up for sale, is looking for a new chief executive officer after announcing its current one is leaving.
Posted on 9-25-2014 at 10:33 AM
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