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    Dec 9, 2016

    Sears Canada Q3 same-store sales fall 7.1%

    Vishaka George, Reuters

    People walk past the main Sears store in downtown Vancouver, British Columbia February 23, 2011.

    People walk past the main Sears store in downtown Vancouver, British Columbia February 23, 2011. , REUTERS/Andy Clark

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    Department store operator Sears Canada Inc (SCC.TO) reported a bigger third-quarter loss as same-store sales fell.

    The company's net loss widened to $120 million, or $1.18 per share, in the quarter ended Oct. 29, from $53.2 million, or 52 Canadian cents per share, a year earlier.

    Sears Canada's same-store sales fell 7.1 per cent in the quarter, while overall revenue fell about 21 per cent to $625.2 million.