Content about Sears Canada

February 5, 2014

Mark Panzer, president and CEO Pharmaca Integrative Pharmacy, will be leaving the company to pursue an opportunity at Sears Holding.

Mark Panzer, president and CEO Pharmaca Integrative Pharmacy, will be leaving the company to pursue an opportunity at Sears Holding.

Panzer will be in charge of pharmacy operations at Sears Holding and will direct the health and wellness initiatives across K-Mart pharmacy as SVP and president pharmacy.

Dave Maher, a longtime Pharmaca board member and fellow chain drug veteran, will be serving as interim CEO as Pharmaca searches for a new candidate. Maher's experience includes time as president of American Stores Company and CEO Osco Drug.  

January 30, 2014

Sears Canada, which laid off more than 1,300 employees on Jan. 15, is cutting an additional 624 jobs. The retailer said it is modifying its store structure to improve efficiency and increase the effectiveness of the chain of communication between management and the store associate teams within the stores.

Sears Canada, which laid off more than 1,300 employees on Jan. 15, is cutting an additional 624 jobs. The retailer said it is modifying its store structure to improve efficiency and increase the effectiveness of the chain of communication between management and the store associate teams within the stores.

December 19, 2013

Sears Holdings has elected law firm executive Cesar Alvarez to its board of directors.

Sears Holdings has elected law firm executive Cesar Alvarez to its board of directors.

Alvarez is co-chairman of the international law firm Greenburg Traurig, which he joined in 1973. Before his appointment as chairman, he served as executive chairman for more than three years and as its CEO for 13 years, starting in 1997.

December 6, 2013

Eight months into his role as CEO and with a new merchandising organization in place, David Campisi is following a familiar blueprint to reinvigorate the performance of Big Lots — making hard choices to streamline operations, implementing new merchandising strategies and lowering near-term expectations.

Eight months into his role as CEO and with a new merchandising organization in place, David Campisi is following a familiar blueprint to reinvigorate the performance of Big Lots — making hard choices to streamline operations, implementing new merchandising strategies and lowering near-term expectations.

December 4, 2013

Sears Holdings chairman and CEO Eddie Lampert has pared down his stake in the retailing company, according to a regulatory filing Tuesday.

Sears Holdings chairman and CEO Eddie Lampert has pared down his stake in the retailing company, according to a regulatory filing Tuesday.

A Securities and Exchange Commission filing showed that Lampert reduced his stake in Sears Holdings to 48.4%, from a 55.4% stake reported in March. That leaves him with about 51.6 million shares in the company, whose stock was valued at $50.38 per share Wednesday morning on the NASDAQ, down from its opening price of $52.62.

November 27, 2013

Sears Canada is undergoing a six-month reorganization that will result in 712 job cuts, including 79 staffers who have already been terminated at its head office.

Sears Canada is undergoing a six-month reorganization that will result in 712 job cuts, including 79 staffers who have already been terminated at its head office.

According to Sears, the head office staff reduction aligns its support structure with the size and volume of the organization and also takes advantage of internal processes that have been recently implemented to improve efficiency.

October 24, 2013

Beauty retailer Sephora has appointed former Sears Canada and Loblaws executive Calvin McDonald as president and CEO of Sephora Americas, effective Jan. 1, 2014.

Beauty retailer Sephora has appointed former Sears Canada and Loblaws executive Calvin McDonald as president and CEO of Sephora Americas, effective Jan. 1, 2014.

McDonald succeeds David Suliteanu, who has led Sephora since July 2000. Suliteanu is becoming the CEO of Kendo Brands, a separate LVMH entity, which creates new beauty brands, as well as acquires brands. The Kendo portfolio today includes brands, such as Ole Henriksen, Kat von D, Formula X and Marc Jacobs Beauty, with others in development.

October 24, 2013

Beauty retailer Sephora has appointed former Sears Canada and Loblaws executive Calvin McDonald as president and CEO of Sephora Americas, effective Jan. 1, 2014.

Beauty retailer Sephora has appointed former Sears Canada and Loblaws executive Calvin McDonald as president and CEO of Sephora Americas, effective Jan. 1, 2014.

McDonald succeeds David Suliteanu, who has led Sephora since July 2000. Suliteanu is becoming the CEO of Kendo Brands, a separate LVMH entity, which creates new beauty brands, as well as acquires brands. The Kendo portfolio today includes brands, such as Ole Henriksen, Kat von D, Formula X and Marc Jacobs Beauty, with others in development.

October 11, 2013

Sears Canada is getting ready to introduce the first-ever Black Friday sale in Canada to accompany Canadian Thanksgiving in October.

Sears Canada is getting ready to introduce the first-ever Black Friday sale in Canada to accompany Canadian Thanksgiving in October.

"Our customers already participate in our Black Friday sale in November so we wanted to give them one that, in a similar style to the U.S., would accompany our own Thanksgiving Holiday," said Doug Campbell, president and CEO, Sears Canada. "With the variety of sales being offered in stores and online they can pick up new home essentials or even get a head start on their Holiday shopping."

September 24, 2013

Sears Canada CEO Calvin McDonald has resigned from his position and the company’s board of directors to pursue an opportunity with an international company. Taking his place will be current EVP and chief operating officer Douglas C. Campbell.

Sears Canada CEO Calvin McDonald has resigned from his position and the company’s board of directors to pursue an opportunity with an international company. Taking his place will be current EVP and chief operating officer Douglas C. Campbell. 

Campbell joined Sears Canada in March 2011 and was appointed EVP and chief operating officer Nov. 2012. He was responsible for retail store operations, logistics, replenishment, information technology, corporate procurement and international sourcing.  

September 24, 2013

Sears Canada CEO Calvin McDonald has resigned from his position and the company’s board of directors to pursue an opportunity with an international company. Taking his place will be current EVP and chief operating officer Douglas C. Campbell.

Sears Canada CEO Calvin McDonald has resigned from his position and the company’s board of directors to pursue an opportunity with an international company. Taking his place will be current EVP and chief operating officer Douglas C. Campbell. 

Campbell joined Sears Canada in March 2011 and was appointed EVP and chief operating officer Nov. 2012. He was responsible for retail store operations, logistics, replenishment, information technology, corporate procurement and international sourcing.  

July 2, 2013

GNC Holdings has elected former PetSmart CEO Robert Moran and former Midas CEO Alan Feldman to its board of directors.

PITTSBURGH — GNC Holdings has elected former PetSmart CEO Robert Moran and former Midas CEO Alan Feldman to its board of directors.

"We are pleased to welcome Messrs. Moran and Feldman to the GNC board," stated Joseph Fortunato, GNC chairman, president and CEO. "Their extensive experience leading global consumer brands and retail operations, both domestically and overseas, and past experience as CEOs of retail businesses should add significant strength to our board as we execute our future strategies."

June 19, 2013

The Retail Industry Leaders Association elected Ron Boire, president of Sears and Kmart, to its board of directors, during its semi-annual meeting in Washington, D.C.

Washington, D.C. – The Retail Industry Leaders Association elected Ron Boire, president of Sears and Kmart, to its board of directors, during its semi-annual meeting in Washington, D.C. 

The board also re-elected Home Depot chair and CEO Francis Blake, 7-Eleven president and CEO Joseph DePinto, Petco CEO James Myers and J.C. Penney CEO Myron Ullman.

May 2, 2013

Among the highlights of the first Sears Holdings shareholder meeting since Edward Lampert became chairman and CEO were details on the company's progress in combining its brick-and-mortar and online businesses.

HOFFMAN ESTATES, Ill. — Among the highlights of the first Sears Holdings shareholder meeting since Edward Lampert became chairman and CEO were details on the company's progress in combining its brick-and-mortar and online businesses.

February 25, 2013

Specialty apparel retailer Body Central has transformed its merchandising organization with four high level hires and the departure of former chief merchant Beth Angelo.

Specialty apparel retailer Body Central has transformed its merchandising organization with four high level hires and the departure of former chief merchant Beth Angelo.

January 8, 2013

Just when things seem to be looking up for Sears Holdings, chairman Edward Lampert will assume the additional responsibilities of CEO following the revelation that current chief executive Lou D’Ambrosio will leave the company for family medical reasons.

Just when things seem to be looking up for Sears Holdings, chairman Edward Lampert will assume the additional responsibilities of CEO following the revelation that current chief executive Lou D’Ambrosio will leave the company for family medical reasons.

News of D’Amrosio’s departure comes as the Sears Holdings preannounced improved profitability for the fist nine weeks of the fourth quarter and fiscal year ending February 2, D’Amrosio’s last day.

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. 

October 12, 2012

Sears Holdings has successfully separated out its Sears Hometown and Outlet Sores businesses.

HOFFMAN ESTATES, Ill. —-- Sears Holdings has successfully separated out its Sears Hometown and Outlet Sores businesses.

August 30, 2012

Sears Holdings will lose its spot in the S&P 500 after the close of trading on Sept. 4. It will be replaced by chemical maker LyondellBasell (LYB).

As one of America’s oldest retailers, Sears, Roebuck & Co. was one of the original members of the S&P 500 when the index was created in 1957 (69 of the index’s original components are still in the S&P 500 today, according to S&P’s Howard Silverblatt).

June 1, 2012

Sears Holdings announced that Sears Canada has filed a Registration Statement on Form 20-F with the U.S. SEC in connection with the company’s previously announced plan to spin-off a portion of its interest in Sears Canada.

HOFFMAN ESTATES, Ill. — Sears Holdings announced that Sears Canada has filed a Registration Statement on Form 20-F with the U.S. SEC in connection with the company’s previously announced plan to spin-off a portion of its interest in Sears Canada.

May 24, 2012

Sears Canada announced that on May 25 it will unveil its new, refreshed store concept in four Ontario locations: Barrie, Belleville, Newmarket and at the Lime Ridge mall in Hamilton.

TORONTO — Sears Canada announced that on May 25 it will unveil its new, refreshed store concept in four Ontario locations: Barrie, Belleville, Newmarket and at the Lime Ridge mall in Hamilton. These stores reflect the Company's plans to transform the Sears shopping experience in Canada.

May 22, 2012

Sears Canada has named Don Ross to its board of directors, effective immediately. Ross is a partner at a prominent law firm in Toronto and is a member of the Law Society of Upper Canada, the New York State Bar Association, and the Canadian, American and International Bar Associations.

TORONTO — Sears Canada has named Don Ross to its board of directors, effective immediately.  Ross is a partner at a prominent law firm in Toronto and is a member of the Law Society of Upper Canada, the New York State Bar Association, and the Canadian, American and International Bar Associations.

Sears Canada also announced today the resignation from the board of Deidra Merriwether, SVP and president retail services of Sears Holdings.

May 22, 2012

Sears Canada has named Don Ross to its board of directors, effective immediately. Ross is a partner at a prominent law firm in Toronto and is a member of the Law Society of Upper Canada, the New York State Bar Association, and the Canadian, American and International Bar Associations.

TORONTO — Sears Canada has named Don Ross to its board of directors, effective immediately.  Ross is a partner at a prominent law firm in Toronto and is a member of the Law Society of Upper Canada, the New York State Bar Association, and the Canadian, American and International Bar Associations.

Sears Canada also announced today the resignation from the board of Deidra Merriwether, SVP and president retail services of Sears Holdings.

May 17, 2012

Sears Holdings posted net income of $189 million in the quarter, compared with a loss of $165 million in the prior-year period.

HOFFMAN ESTATES, Ill. — Sears Holdings posted net income of $189 million in the quarter, compared with a loss of $165 million in the prior-year period.

After several rounds of closings of Kmart and Sears full-line stores in the past months, revenues decreased $270 million to $9.3 billion for the quarter ended April 28. Domestic comp-store sales declined 1.3% -- 1.0% at Sears Domestic and 1.6% at Kmart. Sears also saw declines in its home appliances and consumer electronics categories.

May 17, 2012

Sears Holdings posted net income of $189 million in the quarter, compared with a loss of $165 million in the prior-year period.

HOFFMAN ESTATES, Ill. — Sears Holdings posted net income of $189 million in the quarter, compared with a loss of $165 million in the prior-year period.

After several rounds of closings of Kmart and Sears full-line stores in the past months, revenues decreased $270 million to $9.3 billion for the quarter ended April 28. Domestic comp-store sales declined 1.3% -- 1.0% at Sears Domestic and 1.6% at Kmart. Sears also saw declines in its home appliances and consumer electronics categories.