Nov 19 Struggling department store chain Sears
Canada Inc reported a wider quarterly loss as it took
one-time charges of C$42.8 million related to restructuring and
Net loss widened to C$48.8 million ($46.8 million), or 48
Canadian cents per share, in the third quarter, from C$21.9
million, or 22 Canadian cents per share, a year earlier.
Revenue fell about 6 percent to C$982.3 million in the three
months ended Nov. 2.
The Toronto-based company, 51-percent owned by U.S.
department store chain Sears Holdings Corp, announced a
one-time dividend of C$5 per share or C$509 million, payable on