|Day's Range||0.56 - 0.70|
|52 Week Range||0.50 - 3.95|
|PE Ratio (TTM)||-0.16|
|Dividend & Yield||0.00 (0.00%)|
|1y Target Est||N/A|
Sears Canada Inc said it would start liquidation sales on Friday at 54 stores that it plans to close as part of a court-approved restructuring plan to improve its performance following years of declining sales. Sears Canada, which in 2012 was spun off from U.S. retailer Sears Holdings Corp, filed for creditor protection in June and laid out a restructuring plan that included the store closures as well as some 2,900 job cuts. The liquidation sales will be held at 20 full-line Sears Canada department stores, 15 Sears Home outlets, 10 Outlet stores and 9 Hometown locations.
If the Ontario Superior Court judge approves Sears Canada's request the sales will begin on July 21.
Sears Canada has been given approval to begin liquidation sales Friday at 59 locations it plans to close. Ontario Superior Judge Barbara Conway approved the motion Tuesday. Sears lawyer Jeremy Dacks says ...