Sears Canada Q3 same-store sales fall 7.1%

People walk past the main Sears store in downtown Vancouver, British Columbia February 23, 2011. , REUTERS/Andy Clark

Vishaka George, Reuters

Dec 9, 2016

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Department store operator Sears Canada Inc (SCC.TO) reported a bigger third-quarter loss as same-store sales fell.

The company's net loss widened to $120 million, or $1.18 per share, in the quarter ended Oct. 29, from $53.2 million, or 52 Canadian cents per share, a year earlier.

Sears Canada's same-store sales fell 7.1 per cent in the quarter, while overall revenue fell about 21 per cent to $625.2 million.