Tag Archives: Sears Canada

Sears Holdings’ Boire Named Acting President, CEO for Sears Canada

Ronald Boire

  HOFFMAN ESTATES, Ill.-Ronald D. Boire, executive vice president, chief merchandising officer and president for Sears and Kmart, has been named acting president and CEO for Sears Canada, effective today. “I have enjoyed working with Ron and appreciate the contributions he has made to support our transformation,” said Edward S. Lampert, Sears Holdings (NASDAQ: SHLD)More »

Last updated: October 15, 2014

Sears Puts Sears Canada Shares Up for Sale

Sears Holdings

HOFFMAN ESTATES, Ill.-Sears Holdings is putting 40 million of its shares in Sears Canada up for sale, in a move expected to generate up to $380 million, according to separate statements from the U.S. retailer. The shares will be offered for C$10.60 a share (slightly less than $9.50), the closing price for Sears Canada stockMore »

Last updated: October 2, 2014

CEO Campbell to Leave Sears Canada

Douglas Campbell

TORONTO-Douglas Campbell, Sears Canada’s president and CEO, said he will leave the retailer by the end of this calendar year. Campbell told the company that he is leaving to return to the United States, “to tend to personal family issues,” according to a company statement. Sears Canada’s board will begin to search for his successorMore »

Last updated: September 30, 2014

Sears to Explore Sale of Sears Canada

Sears Canada

HOFFMAN ESTATES, Ill.-Sears Holdings said it is considering a possible sale of its 51 percent stake in Sears Canada or a potential sale of Sears Canada as a whole, along with other strategic alternatives. The company said it intends to hire an investment banking firm to explore all of the alternatives. Meanwhile, Sears Canada’s boardMore »

Last updated: May 14, 2014

Campbell Takes Helm at Sears Canada as McDonald Departs

Douglas Campbell

TORONTO-Sears Canada has promoted Douglas Campbell, executive vice president and chief operating officer, to president and CEO of the Canadian multichannel retailer. In announcing Campbell’s appointment, Sears Canada said Calvin McDonald, the previous president and CEO, told the retailer’s board that he is resigning “to pursue an opportunity with a leading international company.” McDonald wasMore »

Last updated: September 27, 2013

Sears Canada Sales Fall in Q2

Sears Canada

TORONTO-Now at the halfway point of its three-year transformation plan, Sears Canada posted a 9.6 percent drop in second-quarter sales, to $960.1 million, including a decrease of 2.5 percent in same-store sales. The retailer reported net income of $152.8 million in the quarter, which ended on July 28. This included a $185.7 million pretax gainMore »

Last updated: August 26, 2013