April 26, 2017 / 11:57 AM / 5 months ago

BRIEF-Sears Canada Q4 loss per share C$0.45

April 26 (Reuters) - Sears Canada Inc:

* Sears Canada announces growth in same store sales, units sold in fourth quarter 2016 results

* Q4 loss per share C$0.45

* Q4 same store sales rose 1.3 percent

* Q4 revenue fell 16.2 percent to C$744 million

* Sears Canada Inc - will reinvest some of cost savings from 2016 in new businesses and categories, such as Initium and a new off-price business

* Sears Canada- achieved annualized cost reductions of $159.6 million for 2016, which exceeded upper range of targeted annualized costs savings of $155.0 million Source text for Eikon: Further company coverage:

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