April 26 (Reuters) - Sears Canada Inc SCC.TO :
* Sears Canada announces growth in same store sales, units sold in fourth quarter 2016 results
* Q4 loss per share C$0.45
* Q4 same store sales rose 1.3 percent
* Q4 revenue fell 16.2 percent to C$744 million
* Sears Canada Inc - will reinvest some of cost savings from 2016 in new businesses and categories, such as Initium and a new off-price business
* Sears Canada- achieved annualized cost reductions of $159.6 million for 2016, which exceeded upper range of targeted annualized costs savings of $155.0 million Source text for Eikon: ID:nCNWYmm5La Further company coverage: SCC.TO