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Sears Canada same-store sales rise for first time in 2 years

Published 2015-12-03, 07:13 a/m
© Reuters.  Sears Canada same-store sales rise for first time in 2 years
SHLDQ
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SCC
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Dec 3 (Reuters) - Canadian department store operator Sears
Canada Inc SCC.TO SRSC.O said its same-store sales rose 0.4
percent in the third quarter - the first rise in two years -
helped by higher sales of major appliances, furniture and
mattresses.
The company, whose largest shareholder is Sears Holdings
Corp SHLD.O Chief Executive Eddie Lampert and his hedge fund,
said its net loss narrowed to C$53.2 million ($39.9 million), or
52 Canadian cents per share, in the quarter ended Oct. 31 from
C$118.7 million, or C$1.16 per share, a year earlier.

($1 = C$1.33)

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