Content about Sears Canada Inc.

October 23, 2012

Sears Holdings' board of directors has approved the previously announced spinoff of a portion of its interest in Sears Canada Inc.

March 6, 2012

Sears Canada is closing three downtown stores in Vancouver, Calgary and Ottawa. The move follows an announcement last month by Sears Holdings, the majority owner of Sears Canada, that it will raise about $770 million by spinning off parts of its business and selling prime real estate.