News: Sears Canada Inc (SCC.TO)

SCC.TO on Toronto Stock Exchange

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Tue, Nov 18 2014

Sears Canada posts loss as sales fall

Nov 18 - Sears Canada Inc reported its third straight quarterly loss, as sales continued to decline at the struggling department store chain.

JPMorgan to terminate credit card deal with Sears Canada

TORONTO - JPMorgan Chase & Co said on Monday it notified Sears Canada Inc that it plans to terminate their credit card agreement, in another setback for the retailer.

UPDATE 1-JPMorgan to terminate credit card deal with Sears Canada

TORONTO, Nov 17 - JPMorgan Chase & Co said on Monday it notified Sears Canada Inc that it plans to terminate their credit card agreement, in another setback for the retailer.

CORRECTED-JPMorgan to allow credit card deal with Sears Canada to lapse

(Changes sourcing to Sears from JPMorgan in first and second paragraphs)

Sears to sell down Canada stake, turns to CEO again for cash

- Sears Holdings Corp is turning to its chief executive for cash for the second time in three weeks in a sign that its efforts to sell off assets are coming up short.

CORRECTED-Sears to sell most of its Sears Canada stake via rights issue

(Corrects paragraph 4 to say Edward Lampert will exercise his rights, not sell shares)

UPDATE 3-Sears Canada CEO resigns, parent company shares keep sliding

* Fairholme says not participating in Lampert loan (New throughout, adds filing from shareholder Fairholme)

UPDATE 2-Sears Canada CEO to step down by year-end

(Adds comments from Sears Holdings and analyst, adds CHICAGO to dateline)

UPDATE 1-Sears Canada reports loss, revenue slides 12 pct

Aug 20 - Struggling department store chain Sears Canada Inc reported its ninth loss in 14 quarters as sales continued to decline.

Sears Canada reports loss, revenue slides 12 pct

Aug 20 - Struggling department store chain Sears Canada Inc reported a quarterly loss as sales declined.

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