Content about Sears Canada

November 16, 2012
Loss widens at Sears Holdings Corp.

Hoffman Estates, Ill.-based Sears Holdings Corp posted a third quarter net loss from continuing operations of $498 million, compared to a net loss of $410 million in the same quarter last year. 

Sears Domestic's comparable store sales declined 1.6% in the third quarter ended Oct. 27. Kmart's comparable store sales declined 4.8%, and Sears Canada's comparable store sales declined 5.7%. Revenues decreased $548 million to $8.9 billion for the quarter. 

May 22, 2012
Change of directors at Sears Canada

Just days after Sears Holdings announced plans to partially spin off its Canadian division, Sears Canada appointed a new board member and said goodbye to another. 

May 17, 2012
Sears plans partial spinoff of Sears Canada

Sears Holdings Corp. has announced plans to pursue a partial spinoff of its interest in Sears Canada.

The move will reduce the Hoffman Estates, Ill.-based Sears Holdings’ stake in Sears Canada from 95% to about 51%, the company said. 

March 6, 2012
Sears Canada stores closing in three major cities

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.

March 6, 2012
Sears Canada stores closing in three major cities

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.

November 30, 2011
Sears Canada sheds employees at headquarters

According to an article in Canadian Business, Sears Canada laid off about 70 employees from its Toronto headquarters.

Sears Canada is 92% owned by Hoffman Estates, Ill.-based Sears Holdings, which reported a widened net loss in its recent third-quarter earnings report. Sears Canada comps declined 7.8% in the third quarter.

 

August 27, 2008
Sears Holdings sees income fall 62 percent

Domestic same-store sales dropped 6.2 percent overall, including a 5.6 percent drop at Kmart stores...

July 21, 2008
Lowe's names new Canadian store sites

Lowe’s has announced three new stores to be opened in Canada in the fourth quarter...

June 3, 2008
Blinds sold at Home Depot, Sears recalled in Canada

The inner cord of the blinds was found to pose a danger to children when...

June 3, 2008
Blinds sold at Home Depot, Sears recalled in Canada

The inner cord of the blinds was found to pose a danger to children when...

March 30, 2008
Sears names new key executives

John Froman will serve as head of the company’s lawn and garden and tools divisions....

February 27, 2008
Sears Canada acquires duct cleaning business

Terms of the deal were not disclosed. Current employees of Excell will remain and continue...

January 1, 2008
Former Sears chief dies at 73

Prior to his service as CEO, Edward A. Brennan was named president of Sears Merchandise...

December 16, 2007
Restoration Hardware To Sears: Not A Blue Light Special

If Sears Holdings were to succeed in its bid for Restoration Hardware, it would make...

October 7, 2007
Activist investor owns bigger stake in Sears

William Ackman, owner of Pershing Square Capital, was one of a group of investors who...

October 7, 2007
Activist investor owns bigger stake in Sears

William Ackman, owner of Pershing Square Capital, was one of a group of investors who...

August 12, 2007
Comparable-store sales fall at Sears

Domestic comp-store sales were down 4.3 percent at Sears stores and 3.8 percent at the...