TORONTO — Sears Canada has no current plans to sell off any further assets, Reuters has reported, but CEO Douglas Campbell has not ruled out any moves that would “substantially” raise the company’s value. Facing dwindling profits, the department store chain has already unloaded several assets as well as cutting its payroll. In the past year, Sears pulled out of seven leases including its Toronto Eaton Centre flagship.
Sears won’t sell more assets for now
Most Recent
Most Read
Hardlines Conference goes west in 2023
Thu, June 30th, 2022
Spectrum Brands sales team sees transitions
Thu, June 30th, 2022
Napoleon CFO promoted to president
Thu, June 30th, 2022
Quebec hardware stores spared inventory glut
Thu, June 30th, 2022
TIMBER MART welcomes B.C. member
Wed, June 29th, 2022
Experts forecast summer drop in lumber prices
Wed, June 29th, 2022
Inflation, housing prices squeeze renovations
Tue, June 28th, 2022
spoga+gafa attendance rebounds
Tue, June 28th, 2022
Featured Classified: Kidde Canada
Tue, June 28th, 2022
Intertape Polymer cleared to go private
Mon, June 27th, 2022