Sears Canada Inc. operates as a multi-format retailer. The company operates as a subsidiary of Sears Holdings Corporation. As of March 12, 2015, the company’s network included 111 Full-Line Department stores, 295 specialty stores (including 47 Sears Home stores, 11 Outlet stores, 1 Appliances and Mattresses store, 201 Hometown stores primarily operated under independent local ownership, and 35 Corbeil stores), 96 Sears Travel offices, and approximately 1,300 merchandise pick-up locations for orders placed through the catalogue or online at www.sears.ca. The company also publishes Canada’s general merchandise catalogue and offers shopping online at Sears.ca. The company’s operations are focused on merchandising and include the sale of goods and services through the company’s retail channels, including its Full-line, Sears Home, Hometown Dealer, Outlet and Corbeil stores, and its direct (catalogue and Internet) channel. It also includes service revenue related primarily to product repair. The company has a long-term credit card marketing and servicing alliance with JPMorgan Chase Bank, N.A. (Toronto Branch). The company partnered with TravelBrands Inc. (TravelBrands) in a multi-year licensing arrangement, under which TravelBrands manages the day-to-day operations of all Sears Travel offices and provides commissions to the company. The company has a license from Sears Roebuck, pursuant to a royalty-free license agreement, to use the name ‘Sears’ as part of its corporate name, as well as a license to use other brand names, such as Kenmore, Craftsman, and DieHard. The company’s private brands, which are available in Canada, include Jessica, Jess, Nevada, WholeHome, Boulevard Club, Tradition, Protocol, Alpinetek, Pure NRG Athletics, Attitude, and Distinction. The company has a strategic alliance with SHS Services Management Inc. (SHS), an installation services company whereby SHS is required to operate the Sears installed home improvements business, which includes heating, ventilation and air conditioning products; windows; doors; roofing; home décor; gas fireplaces; carpet and duct cleaning; and more. Services Home Improvements: Includes carpet and duct cleaning, installation and assembly of products purchased at Sears stores, custom window coverings, heating and cooling. Product Repair Services: Includes servicing of items covered under a Sears Protection Plan, cash calls (paid labour for any appliance), as well as in-warranty service for select Kenmore, Craftsman and national brand products. Protection Agreements: Includes single or multi-year coverage on major appliances, electronics, vacuums, lawn and garden, fitness, and heating, ventilating and air conditioning, as well as accident protection for furniture and mattresses. Distribution The company’s wholly-owned subsidiary, S.L.H. Transport Inc. (SLH), transports merchandise to stores and catalogue merchandise pick-up locations. SLH is responsible for providing logistics services for the company’s merchandising operations by operating a fleet of tractors and trailers to provide carrier services for Sears and contract carrier services to commercial customers who are unrelated to Sears. Seasonality Historically, the company’s revenues and earnings have been higher in the fourth quarter (year ended January 2015) due to the holiday season and the company has reported a disproportionate level of earnings in that quarter. As a result, the company’s fourth quarter results of operations significantly impacts its annual results of operations. History The company was founded in 1952. It was incorporated under the laws of Canada in 1952. The company was formerly known as Simpsons-Sears Limited and changed its name to Sears Canada Inc. in 1984.
sears canada inc
(SCC:Toronto Stock Exchange)
290 Yonge Street
Toronto, ON M5B 2C3
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