Sears Canada Inc SRSCQ

Consumer Cyclical Department Stores

Sears Canada Inc. (Sears) is a Canada-based multi-channel retailer company. The Company operates through merchandising segment. Its merchandising operations include the sale of goods and services through its retail channels, which includes its full-line, Sears Home, Hometown, Outlet, Corbeil Electrique Inc. (Corbeil) stores and its direct (catalogue/Internet) channel. Its services include home improvements, such as carpet and duct cleaning, installation and assembly of products purchased at Sears stores, custom window coverings, windows and doors, and heating and cooling; product repair services, such as servicing of items covered under Sears Protection Plan, cash calls, as well as in-warranty service for select Kenmore, Craftsman and national brand products, and protection agreements, such as single or multi-year coverage on appliances, electronics, vacuums, lawn and garden, fitness, and heating, ventilating and air conditioning, and accident protection for furniture and mattresses.

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Sears Canada Inc > Lampert made out like a bandit

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Comment by freckledon Jun 22, 2017 3:04pm

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Post# 26394079

RE:Lampert made out like a bandit

Bingo! It was the rumor at the time that one of the reasons he purchased Sears Holdings was to get the cash out of Sears Canada. We kind of hoped that wasn't the case, and hoped that he knew what he was doing and wanted to strengthen the whole thing.

Sears Canada was really wealthy back then. They had enough resources that had they brought in the right CEO (i.e a Calvin Macdonald type) they could have weathered the increase in competition and continued to be a major retail player.

Worthy of a book sometime in the future - how to destroy a retail chain. Sad in a way.

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