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Bullboard - Stock Discussion Forum
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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GREY:SRSCQ - Post Discussion
Sears Canada Inc
> Can someone in the know please answer
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•••
ORM43
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Post by
ORM43
on May 14, 2017 10:07am
Can someone in the know please answer
Simple question if sears holding in states goes bankrupt,will it take sears Canada with it.???
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•••
extremerisk
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Comment by
extremerisk
on May 14, 2017 2:12pm
Many retailers have gone through bankruptcy and kept their name for brand value such as KMart. In this case Sears Holdings owns 12 percent of sears canada. At 1.22 a share would only cost Lampert 15 Million or so to buy this out which is the most likely event to happen here. Not so sure Sears Holdings is going to go bankrupt though as takes a willing owner. Based on last
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freckled
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Comment by
freckled
on Jun 06, 2017 3:32am
Sears Canada is a separate company with a separate corporate structure. Sears Holdings only own about 10% of the shares, or whatever their stake is now. Therefore, Sears Holdings financial state has no bearing on Sears Canada's financial state. However, unless Sears Canada starts generating an operating profit they will be in the same situation as Sears Holdings - I give it a year. SCC cannot
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