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Sears Canada Inc posts $59.1-million loss in first quarter as revenue drops 10 percent on store closures | Financial Post

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Posted in May
The Canadian Press | May 20, 2015 9:17 AM ET

TORONTO — Sears Canada Inc. (TSX:SCC) announced on Wednesday a $59.1 million net loss for the first quarter amid falling revenue, which was down 9.7 per cent from last year.

The loss amounted to 58 cents per share — which was less than during the same time last year when the struggling department store operator reported a net loss of $75.2 million or 74 cents per share.

http://business.financialpost.com/news/retail-marketing/sears-canada-inc-posts-59-1-million-loss-in-first-quarter-as-revenue-drops-10-on-store-closures
 

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