TORONTO Aug 16 Retailer Sears Canada Inc
(SCC.TO) reported a quarterly net loss on Tuesday, compared
with a profit a year before, as sales at its established stores
continued to drop amid heightened competition.
The company's second-quarter net loss was C$2.7 million
($2.7 million), or 3 Canadian cents a share, compared with net
earnings of C$20.5 million, or 19 Canadian cents a share, a
Sales at its stores open for at least a year fell 5.8
percent. Revenue fell 5.3 percent to C$1.15 billion.
U.S. parent Sears Holdings Corp (SHLD.O) owns a 93 percent
stake in Sears Canada, according to Thomson Reuters data.
(Reporting by S. John Tilak, editing by Gerald E. McCormick)