TORONTO May 17 Retailer Sears Canada Inc
(SCC.TO) recorded a bigger quarterly loss on Tuesday due to a
steep decline in sales at its established stores.
Sales at stores open for at least a year, a key measure for
retailers, fell 9.2 percent in the company's first quarter,
ended April 30.
Sears Canada said it had a net loss of C$49.5 million
($50.5 million), or 47 Canadian cents a share, compared with a
loss of C$8.8 million, or 8 Canadian cents a share, a year
earlier. Revenue fell 7 percent to C$992.5 million.
Sears Holdings Corp (SHLD.O) owns a 92.4 percent stake in
Sears Canada, according to Thomson Reuters data.
(Reporting by S. John Tilak; editing by Peter Galloway)