TORONTO, Jan. 29, 2014 /CNW/ - Sears Canada Inc. (TSX: SCC) announced today
that it is modifying its store structure to improve efficiency and increase
the effectiveness of the chain of communication between management and the
store associate teams within the stores. The Company will eliminate primarily
a mid-tier level of leads within its full-line stores, resulting in an average
reduction of five associates per store. There will also be an alignment of the
regional and head office structures to reflect the new store model, and also
to improve efficiency in Sears other formats and to align with the size of the
business. This will result in a staff reduction of 624 associates.
"The changes we are making in stores will not affect the number of front-line
associates, and service to our customers will not be impacted," said Doug
Campbell, President and Chief Executive Officer, Sears Canada Inc. "Our
current structure results in inefficiencies and barriers to effective
communication among store associates and the changes we are making are
designed to result in better store execution and consistency of presentation
and standards. We continue to plan for the future of Sears Canada and are
taking steps today that will allow us to continue serving customers as a
viable national retailer coast to coast in stores and through our Direct
channel now and in the future."
Sears Canada is a multi-channel retailer with a network that includes 181
corporate stores, 241 Hometown stores, over 1,400 catalogue and online
merchandise pick-up locations, 101 Sears Travel offices and a nationwide
repair and service network. The Company also publishes Canada's most extensive
general merchandise catalogue and offers shopping online at www.sears.ca.
Although the Company believes that the forward-looking information presented
with respect to its staffing initiative is reasonable, such forward-looking
information involves known and unknown risks, uncertainties and other factors
which may cause actual results, performance or achievements to be materially
different from any future results, performance or achievements expressed or
implied by the forward-looking information, and undue reliance should not be
placed on such information. The forward-looking statements in this release are
made as of the date hereof. The Company does not undertake any obligation to
update publicly or to revise any forward-looking information, whether as a
result of new information, future events or otherwise, except as required by
SOURCE Sears Canada Inc.
Contact for Media: Alicia Richler Sears Canada Corporate Communications
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-0- Jan/29/2014 21:30 GMT
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