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Sears Canada warned Tuesday that it's running out of cash and could soon go out of business if it doesn't find a financial lifeline. The company, which has more than 200 stores and about 17,000 ...
Sears Canada filed for bankruptcy early Thursday, making it the latest casualty of the crisis among traditional brick-and-mortar retailers. It's also another sign of trouble for the iconic ...
Sears Canada’s losses are widening after Lampert sold off a dozen of the chain’s best locations, including a $400 million sale of five stores last fall to landlord Cadillac Fairview.
Retailer Sears Canada is on the ropes, warning investors that it might have to restructure its business or seek a buyer. The corporate crisis is decades in the making, say retail analysts.
Check out Sears Canada on Facebook and all appears well as young, cheerful models promote down vests for fall and skinny jeans.. But behind the hip outfits hides a troubled retailer whose days may ...
Sears Canada is beginning to brace itself for a possible bankruptcy. The cash-strapped department store chain has begun to reach out to top law firms in Canada in a desperate search for restructuri… ...
Sears Canada filed for bankruptcy early Thursday, the latest casualty of the crisis among traditional brick-and-mortar retailers and another sign of trouble for the iconic retailer.
The Hoffman Estates, Ill., company, which runs Sears, Kmart and Lands' End, said it earned $189 million, or $1.78 per share, for the period ended April 28. It lost $170 million, or $1.58 per share ...
Sears Canada creditors are targeting Eddie Lampert, its former controlling shareholder and the chief executive of its U.S. namesake Sears Holdings, over payments he received before the Canadian ...
Sears Canada will cut nearly 800 jobs as it reorganizes its repair-services and parts businesses and aligns its head-office staff with a leaner structure.
Sears Canada warned Tuesday that it's running out of cash and could soon go out of business if it doesn't find a financial lifeline. Posted 2017-06-13T18:22:12+00:00 - Updated 2017-06-13T18:04:05 ...