Aug 20 Struggling department store chain Sears
Canada Inc reported a quarterly loss as sales declined.
The company reported a net loss of C$21.3 million, or 21
Canadian cents per share, for the second quarter ended Aug. 2
compared with a profit of C$152.8 million, or C$1.50 per share,
a year earlier.
The year-ago quarter's profit included a one-time pre-tax
gain of $185.7 million.
Revenue fell 12 percent to C$845.8 million. Same store sales
declined 6.8 percent.
The company, majority-owned by Sears Holdings Corp,
partly blamed the slump on a relatively cold spring.
(Reporting by Anannya Pramanick in Bangalore; Editing by