TORONTO — Sears Canada, whose U.S. parent has been pulling out of it after failing to find a buyer, is turning to a new business plan, focusing on popular brands such as Kenmore, the Toronto Star reports. Interim CEO Ronald Boire says the strategy is intended to drive growth after the company was unable to convince prospective buyers to pay what Sears executives believe it’s worth. Boire praised predecessor Doug Campbell’s cost-saving measures but acknowledges more staff cuts may still be needed; and he wouldn’t be drawn on whether more lease buybacks could be in the offing.
Struggling Sears to push core brands
Most Recent
Most Read
Weyerhaeuser sales, earnings slip in Q2
Fri, July 26th, 2024
Don’t miss the incredible speakers at the Hardlines Conference!
Fri, July 26th, 2024
Canfor announces CEO succession
Thu, July 25th, 2024
West Fraser reverses Q2 loss
Thu, July 25th, 2024
Tractor Supply’s comp sales dip in Q2
Thu, July 25th, 2024
Loblaw turns in mixed Q2 results, strong online sales
Thu, July 25th, 2024
In memoriam: blues rock legend John Mayall
Thu, July 25th, 2024
Barcodes turn 50
Wed, July 24th, 2024
Featured Classified: RONA
Wed, July 24th, 2024
RONA affiliate makes acquisitions in Ottawa area
Tue, July 23rd, 2024