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Sears Canada Inc news

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Sears Canada head said to be negotiating $650 million deal that would cut ...
Struggling retailer Sears Canada Inc's top executive is negotiating a private-equity backed deal that could be valued at more than $650 million, the Wall Street Journal reported, citing people familiar with the matter.
Sears Canada to close 59 stores, lay off 2900 in restructuring
All other Sears locations will remain open, the chain said, and the company "plans to continue to operate a large number of stores, continue to maintain significant employment, and to service its customers across Canada," Sears said in a court filing.
Sears Canada seeks reinvention as it falls to insolvency  The Globe and Mail
Sears Canada raises 'significant doubt' about its future
Given its dire warning on Tuesday its financial situation raises "significant doubt as to the company's ability to continue as a going concern," some industry insiders say it could be in court as early as this week to file for a restructuring under ...
Future of Sears Canada in 'significant doubt,' company says
Sears Canada Announces First Quarter 2017 Results  Canada NewsWire (press release)
Sears Canada Announces Update on Q2-2017 Earnings Release
TORONTO, Sept. 18, 2017 /CNW/ - Sears Canada Inc. (the "Company") announced today that it will not be filing unaudited interim financial statements, Management's Discussion and Analysis, or related CEO and CFO certifications (the "Continuous ...
Sears Canada takes hit after creditor-protection report
The big difference between U.S. department store Target's 2015 departure from the Canadian market and a possible Sears restructuring or liquidation is the element of surprise, according to Jeffrey Berkowitz, president, Aurora Realty Consultants Inc., a ...
Sears Canada executive chairman removed from duties to focus on bid for retailer
Executive chairman Brandon Stranzl has been removed from his day-to-day duties of running Sears Canada Inc. to focus on a management bid for the insolvent retailer.
Head of Sears Canada steps down to launch bid for troubled retailer  Financial Post
Sears Canada executive chairman steps down to make bid for retailer  CTV News
As Sears Canada head moves to launch bid, wife's role in company raises questions
TORONTO - As Sears Canada executive chairman Brandon Stranzl prepares to launch a bid for the ailing department store chain, questions persist as to how his wife was able to secure an executive role with the retailer that lasted for more than a year ...
Amid outcry, Sears Canada sets up 'hardship fund' for laid-off employees
Insolvent Sears Canada Inc. has agreed to set up a $500,000 "hardship fund" for the 2,900 employees who are losing their jobs but being given no severance.
Sears Canada to create fund for laid off employees who received no severance  Saskatoon StarPhoenix
Is Sears Canada closing the store in your neighbourhood? Find out here
Sears Canada Inc said today it plans to cut jobs and close stores as it restructures its operations, following years of declining sales as it has lost customers to big-box retailers, more nimble apparel companies and online merchants.
Sears Canada posts loss, same-store sales rise
Sears Canada Inc. reported a $45.8-million loss in its latest quarter, but noted that same-store sales improved compared with a year ago as the company has worked to reinvent itself.
Sears Canada Announces Growth in Same Store Sales, Units Sold in Fourth ...  Canada NewsWire (press release)
Sears Canada reports $45.8M loss despite increased same-store sales  BNN