Content about Sears Canada Inc.

November 19, 2013

Sears Canada said a one-time charge of $41 million related to restructuring and asset impairment affected its third quarter results, which resulted in a net loss of about $46.7 million USD — more than double the net loss of $21 million it posted in the same quarter of the previous fiscal year.

Sears Canada said a one-time charge of $41 million related to restructuring and asset impairment affected its third quarter results, which resulted in a net loss of about $46.7 million USD — more than double the net loss of $21 million it posted in the same quarter of the previous fiscal year.

In addition, revenues of $940.7 million were down about 6% from $1 billion. In one bright spot, same-store sales climbed 1.2%. Sears Canada is in the middle of a three-year turnaround program launched in 2012.

October 23, 2012

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

HOFFMAN ESTATES, Ill. — Sears Holdings' board of directors has approved the previously announced spin-off of a portion of its interest in Sears Canada Inc. 

April 25, 2012

Sears Canada Inc. has agreed sell its Cantrex Group operations to Nationwide Marketing Group.

TORONTO — Sears Canada Inc. has agreed sell its Cantrex Group operations to Nationwide Marketing Group.

Sears Canada will maintain ownership of appliance brand Corbeil Electrique.

Cantrex was purchased by Sears Canada in 2005 in order to further develop its merchandising, buying, and logistics services in the furniture and appliance sectors. Corbeil became part of the Sears portfolio through this purchase and recently Sears has announced its plans to expand Corbeil's operations to the Greater Toronto Area this year.

April 22, 2010

Sears Holdings announced that it has entered into agreements to purchase or cause a wholly-owned...