Sears Canada Inc. announced that the transaction originally announced on October 29, 2013, between the Company and The Cadillac Fairview Corporation Limited (Cadillac Fairview), regarding the termination of leases of the Company's stores at ...
Tags: Sears Canada
Sears Canada Inc. announced that it will terminate its leases in respect of five stores for a total consideration of $400 million. The agreement is definitive and only subject to customary closing conditions. The transaction is expected to ...
Tags: Sears Canada, Apparel Stores
Furniture Brands Canada has declared bankruptcy and all of its salaried employees have been let go. The move was made after its U.S. parent company sought Chapter 11 court protection from its creditors earlier this week. Furniture Brands ...
Tags: Furniture, Furnishing
Sears Holdings Corporation reported its second quarter 2013 results. Highlights: - Net loss attributable to Holdings' shareholders of $194 million, or $1.83 loss per diluted share, compared to $132 million, or $1.25 loss per diluted ...
Tags: Marginal Fall
The owner of the Sears Hometown store here is spearheading a C$100 million class action lawsuit against Sears Canada and its U.S.-based parent, Sears Holdings, alleging the publicly held retailer "breached its legal obligations by depriving ...
Tags: Furniture, Furnishing
Leon's Furniture, its Brick Group subsidiary, the Hudson's Bay Company and Sears Canada have all launched independent fundraising initiatives to add those affected by the recent flooding disaster in Calgary and other parts of southern ...
Tags: Light Industry, Daily Use, Furniture
The Orillia Hometown store’s mattress department features a 50-unit display, focusing on Sears Canada’s private-label Whole Home label. Martin and Angela Russell, owners of the new Sears Hometown store in Orillia, Ontario, ...
Tags: Furnishing, Sears Canada, Hometown
Sears Canada Inc. announced that it has reached an agreement with Grand National Apparel Inc. to exclusively launch Matthew McConaughey's new just keep livin (JKL) brand clothing line. Sears will begin offering JKL apparel in store and ...
Tags: Matthew McConaughey, Apparel, Sears Canada
Roger J. R. Lamoureux, Director of Product Development of the Men's & Children's Apparel Division of Walmart Canada Corp., was recently named a VIP member of Worldwide Who's Who. This special distinction honors individuals who have shown ...
Tags: Apparel, Children's Apparel
Sears Canada has named E.J. Bird, a company board member since 2006, as its interim chief financial officer. He will remain on the multi-channel retailer's board, but will step down as lead director of its audit committee. He succeeds ...
Tags: Furniture, Furnishing
Sears Canada Inc. is issuing a voluntary product for a girl's Nevada 2-piece Pyjama set. It has been discovered that the pyjama set does not meet the flammability requirements for children's sleepwear. The Nevada Pyjama set was sold at ...
Sears Canada Inc. is issuing a voluntary safety recall for a Nevada infant girl's shirt. It has been discovered that the small ribbon row can easily detach posing a potential choking hazard. The Nevada tee shirt was sold in sizes: 6 ...
Tags: Girl's Shirt, Apparel, Sears Canada
TORONTO — Sears Canada continued to lose ground in its fiscal fourth quarter as revenue fell 5.0% and same store-store sales decreased 3.8%. Earnings were flat and continued to be driven by factors other than the basics of being a ...
Sears Canada Inc. announced the addition of the Carter's family of baby and children's wear brands to Sears. The launch of the well loved Carter's and OshKosh B'gosh labels will be celebrated starting on Friday, February 15, in the Baby's ...
Sears Canada Inc. announced that it has entered into a strategic alliance with SHS Services Management Inc., an Installation Services Org. company, whereby SHS will operate the Sears installed home improvements business. The business will ...
Tags: Sears Canada, strategic alliance, SHS Services Management