Tag Archives: Sears Canada

Sears to Explore Sale of Sears Canada

Sears Canada

HOFFMAN ESTATES, Ill.-Sears Holdings said it is considering a possible sale of its 51 percent stake in Sears Canada or a potential sale of Sears Canada as a whole, along with other strategic alternatives. The company said it intends to hire an investment banking firm to explore all of the alternatives. Meanwhile, Sears Canada’s boardMore »

Campbell Takes Helm at Sears Canada as McDonald Departs

Douglas Campbell

TORONTO-Sears Canada has promoted Douglas Campbell, executive vice president and chief operating officer, to president and CEO of the Canadian multichannel retailer. In announcing Campbell’s appointment, Sears Canada said Calvin McDonald, the previous president and CEO, told the retailer’s board that he is resigning “to pursue an opportunity with a leading international company.” McDonald wasMore »

Sears Canada Sales Fall in Q2

Sears Canada

TORONTO-Now at the halfway point of its three-year transformation plan, Sears Canada posted a 9.6 percent drop in second-quarter sales, to $960.1 million, including a decrease of 2.5 percent in same-store sales. The retailer reported net income of $152.8 million in the quarter, which ended on July 28. This included a $185.7 million pretax gainMore »