Sept 7 Canadian department store operator Sears
Canada Inc reported a quarterly loss, compared
with a year-earlier profit, hurt by a 15.6 percent fall in
The company posted a net loss of C$91.6 million ($71.32
million), or 90 Canadian cents per share, for the second quarter
ended July 30, compared with a profit of C$13.5 million, or 13
Canadian cents per share, a year earlier.
The year-earlier quarter included a gain of C$67.2 million
as a result of sale-and-leaseback transactions.
Revenue fell to C$648.5 million from C$768.8 million.
($1 = 1.2844 Canadian dollars)
(Reporting by Anet Josline Pinto in Bengaluru; Editing by