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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... see more

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Sears Canada Inc > sears grocery anyone?

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Post by kijiji on Dec 10, 2016 11:32am

sears grocery anyone?

TORONTO — Sears Canada, which has been struggling with store closures and sagging sales, said Friday it will venture into the grocery business in an effort to lure shoppers.

The Toronto-based retailer said it has signed a partnership with two specialty supermarket operators to run food markets at some of its revamped locations.

The company declined to provide further details. But executive chairman Brandon G. Stranzl said he is confident the agreement will bring customers to Sears more frequently.

"A grocery store, you might go to two or three times a week," Stranzl said in an interview. "A department store you might go to once a month ... once a quarter or something."