TORONTO ― Sears Canada reported that same store sales declined 7.4% and core retail same store sales declined 6.9% for the first quarter. Revenues of $595.9 million represented a decline of 14.5% compared to the same quarter last year. The decline in same store sales was due in part to a decrease in transactions both in big ticket items such as major appliances, partly to the loss of customer financing solutions with the termination of the credit card agreement, and also in small ticket items, and also to slower sell through in items for which some vendors passed through price increases as a result of the decline in the Canadian dollar over the past year.
Sears sales continue downward trend
Most Recent
Most Read
Quebec BMR changes hands
Tue, April 01st, 2025
Latest power tool innovation promises to transform the industry
Tue, April 01st, 2025
Home Hardware strengthens its Blue Jays sponsorship
Tue, April 01st, 2025
PRO Dealer Business looks at tariffs, robotics
Tue, April 01st, 2025
Court rejects deal between HBC, lenders
Mon, March 31st, 2025
Featured Classified: Regal ideas
Mon, March 31st, 2025
Canadian Tire makes executive appointment
Fri, March 28th, 2025
RONA dealer buys two corporate stores
Fri, March 28th, 2025
Castle names business development manager
Fri, March 28th, 2025
Princess Auto to open Burlington, Ontario, store this summer
Fri, March 28th, 2025