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News Tagged By: Sears Canada

Embattled Sears Canada ‘open’ to more real estate sales

Sears Canada Inc. will continue to weigh selling more of its valuable real estate, including prime store leases, to help bolster its sagging operating results although it has no current plans to...

Posted on 4-24-2014 at 2:25 PM
Tags: Sears Canada

Sears Canada to refund, finish work after installation firm’s collapse

Sears Canada Inc. said on Friday it will refund payments or offer alternative services to customers affected by the collapse of SHS Services Management Inc., which provided home-improvement services...

Posted on 3-21-2014 at 11:37 AM
Tags: Sears Canada

Sears Canada blames severe winter for fall in sales

Struggling department store operator Sears Canada Inc. posted a fall in quarterly sales, citing severe winter weather and power outages in the holiday shopping season.

Posted on 2-26-2014 at 9:40 AM
Tags: Sears Canada, Sears Holdings, Dollarama

Best Buy to cut 950 Canadian jobs

Best Buy says it’s cutting 950 full-time employees at both its Best Buy and Future Shop stores across Canada.

Posted on 1-30-2014 at 2:01 PM
Tags: Sears Canada, Best Buy, Loblaw

Sears Canada to cut 1,345 jobs

Sears Canada says it will outsource three customer contact centres to IBM, in a cost-cutting move that will affect 1,345 employees over the next nine months.

Posted on 1-15-2014 at 5:31 PM
Tags: Sears Canada

Struggling Sears Holdings to spin off Lands' End

Eddie Lampert-controlled Sears Holdings Corp., struggling with mounting operating losses and declining sales, said it would spin off its Lands' End clothing business, adding to the assets the...

Posted on 12-06-2013 at 11:04 AM
Tags: Sears Canada, Sears Holdings

Key Bangladesh garments factory destroyed in blaze

A devastating fire ripped through a Bangladesh garment factory supplying major Western retailers in a blaze set by workers angered over rumors of a colleague's death due to police gunfire.

Posted on 11-29-2013 at 1:10 PM
Tags: Bangladesh, Gap, Wal-Mart, Sears Canada

Sears Canada to slash 800 jobs in services units, head office

Sears Canada Inc is laying off nearly 800 employees as it overhauls its repair services and parts businesses and makes further staffing cuts at its head office, the department store chain said on...

Posted on 11-26-2013 at 5:42 PM
Tags: Sears Canada, Sears Holdings

Sears’ troubles show Canada’s shine fading for U.S. stores

Struggling Sears Canada Inc.’s so-far unsuccessful attempt to find a buyer underscores a fast-changing domestic retail landscape.

Posted on 11-26-2013 at 12:01 PM
Tags: Sears Canada, Sears Holdings, Hudson's Bay, Target, Retail

Sears Canada to pay special dividend as loss widens, revenue falls

Sears Canada Inc. saw revenue and profit fall in the third quarter as the struggling company tries to find its footing in an increasingly tough retail landscape.

Posted on 11-19-2013 at 8:00 AM
Tags: Sears Canada, Sears Holdings
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