Last C$11.84 CAD
Change Today +0.51 / 4.50%
Volume 9.2K
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sears canada inc (SCC) Snapshot

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03/20/14 - C$17.14
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10/14/14 - C$8.50
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sears canada inc (SCC) Details

Sears Canada Inc. operates as a multi-format retailer in Canada. The company operates in two segments, Merchandising and Real Estate Joint Arrangements. It operates department stores that offer women’s apparel, men’s and children’s apparel, nursery products, cosmetics, jewelry, footwear, and accessories; and home and hardlines, including home furnishings and mattresses, home decors, lawn and garden products, hardware products, electronics and leisure products, and seasonal products, as well as provides appliances comprising refrigeration, laundry, floor care, and sewing products. The company also operates home stores, which offer appliances and electronics; and home improvement products, as well as provides travel and logistics services. In addition, it operates dealer stores that offer appliances, furniture, home electronics, and outdoor power equipment; outlet stores that offer clearance merchandise; appliances and mattresses stores that provide appliances, mattresses, box-springs, and products of private labels; and a chain of appliance specialty stores under the Corbeil name. Further, the company has joint arrangement interests in three shopping centers. Sears Canada Inc. offers its products directly through telephone, mail, fax, and online at, as well as through its stores and catalogue agents. As of August 22, 2014, it operated a network of 176 corporate stores, 222 Hometown stores, approximately 1,300 catalogue and online merchandise pick-up locations, 96 Sears Travel offices, and a repair and service network. The company was formerly known as Simpsons-Sears Limited and changed its name to Sears Canada Inc. in May 1984. The company was founded in 1952 and is headquartered in Toronto, Ontario. Sears Canada Inc. is a subsidiary of Sears Holdings Corporation.

20,000 Employees
Last Reported Date: 11/18/14
Founded in 1952

sears canada inc (SCC) Top Compensated Officers

Chief Financial Officer and Executive Vice Pr...
Total Annual Compensation: C$731.3K
Chief Operating Officer, Executive Vice-Presi...
Total Annual Compensation: C$562.5K
Interim Chief Information Officer and Senior ...
Total Annual Compensation: C$404.3K
Senior Vice-President for Apparel & Accessori...
Total Annual Compensation: C$346.7K
Compensation as of Fiscal Year 2013.

sears canada inc (SCC) Key Developments

Sears Canada Inc. Reports Unaudited Consolidated Earnings Results for Third Quarter and Nine Months Ended November 1, 2014; Reports Impairment Charges for the Third Quarter Ended November 1, 2014

Sears Canada Inc. reported unaudited consolidated earnings results for third quarter and nine months ended November 1, 2014. For the quarter, the company’s total revenues were CAD 834.5 million compared to CAD 982.3 million a year ago. Same store sales decreased by 9.5%. The balance of the decrease in Revenue was primarily attributable to revenues from stores closed as a result of early termination and amendment of certain full-line store leases and the sale of certain joint arrangement interests in Fiscal 2013. Operating loss was CAD 88.7 million against CAD 63.3 million a year ago. Loss before income tax was CAD 75.0 million against CAD 65.5 million a year ago. Net loss was CAD 118.7 million or CAD 1.16 per share compared to a net loss of CAD 48.8 million or CAD 0.48 per share for the third quarter of last year. Cash used in operations was CAD 54.6 million against CAD 64.5 million a year ago. Purchases of property, plant and equipment and intangible assets were CAD 14.4 million against CAD 13.4 million a year ago. Adjusted EBITDA was a loss of CAD 19.4 million compared to adjusted EBITDA of CAD 7.3 million for the third quarter of last year. For the nine months, the company’s revenue was CAD 2,452.0 million against CAD 2,809.5 million a year ago. Operating loss was CAD 252.6 million against CAD 110.1 million a year ago. Loss before income tax was CAD 210.6 million against profit before income tax of CAD 69.1 million a year ago. Net loss was CAD 215.2 million or CAD 2.11 per share compared to net earnings of CAD 72.8 million or CAD 0.71 per share for the same period of last year. Cash used in operations was CAD 307.7 million against CAD 152.3 million a year ago. Purchases of property, plant and equipment and intangible assets were CAD 34.9 million against CAD 31.5 million a year ago. Adjusted EBITDA was a loss of CAD 93.6 million compared to adjusted EBITDA of CAD 17.7 million for the same period last year. For the quarter, the company pre-tax impairment charges of CAD 44.4 million, compared to pre-tax impairment charges of CAD 22.6 million for the third quarter of last year.

Sears Canada And JP Morgan To Sell Credit Card Portfolio

Sears Canada Inc. (TSX:SCC) and JP Morgan Chase Bank, N.A. is planning to sell their jointly run credit card portfolio.

Sears Canada And JPMorgan Put Credit Card Portfolio On Block

Sears Canada Inc. (TSX:SCC) could pocket CAD 174 million after JPMorgan Chase & Co. (NYSE:JPM) put their jointly run credit card portfolio on the sales block. A statement said Sears Canada and JPMorgan Chase will work together using a "request-for-proposal process" to help identify options for the future of the program. In the event that a sale of the portfolio occurs, JP Morgan Chase has agreed to pay Sears up to CAD 174 million, under certain circumstances. There is no assurance that such a transaction will be achieved or that the necessary circumstances for the payment will occur, the statement added.


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Price/Earnings 6.9x
Price/Sales 0.3x
Price/Book 1.3x
Price/Cash Flow 6.9x
TEV/Sales 0.2x

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