Sears Canada Inc (SCC.TO)
19 Dec 2014
|Market Cap (Mil.):||$1,092.13|
|Shares Outstanding (Mil.):||101.88|
TORONTO - Sears Canada Inc is stepping up spending on areas such as its website and profitable merchandise categories while looking to exit unprofitable product lines as part of its turnaround plan, the retailer's new acting chief executive said on Friday.
Nov 18 - Sears Canada Inc reported its third straight quarterly loss, as sales continued to decline at the struggling department store chain.
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.
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.
(Changes sourcing to Sears from JPMorgan in first and second paragraphs)
- 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.
(Corrects paragraph 4 to say Edward Lampert will exercise his rights, not sell shares)
* Fairholme says not participating in Lampert loan (New throughout, adds filing from shareholder Fairholme)
(Adds comments from Sears Holdings and analyst, adds CHICAGO to dateline)
Aug 20 - Struggling department store chain Sears Canada Inc reported its ninth loss in 14 quarters as sales continued to decline.
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