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 > Up 12%. Why?

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Post by Wuggyon Oct 19, 2015 5:52pm

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Up 12%. Why?

Anybody know why the shares rose 12% today? Current news seems irrelevant. Scotiabank is purchasing the book of Sears credit card receivables from JPM, and the Black Friday advertisement got leaked (more mattresses and fridges), all of which does Zilch for the bottom line.

I got a phone call several days ago asking if I wanted to extend the warranty for a weed trimmer that I purchased, used and threw out years ago. To me, something like that is more relevant. They're desperate for cash. But the market knows that already.

Disclosure: I have no financial stake, long or short. I'm just curious.

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