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Sears Canada

Sears Canada
Company nameSears Canada Inc.
Company typePublic (73.1% of common stock owned by Sears Holdings Corporation)
IndustryRetail
Founded1952 (joint venture of Simpson's and Sears)
HeadquartersToronto, Ontario, Canada
Key peopleCalvin McDonald Pres & CEO
ProductsClothing, footwear, bedding, furniture, jewelry, beauty products, appliances, housewares, tools, and electronics.
Revenue$4.958 billion (2010)
Net income$149.8 million (2010)
Total assets(-)$2.5098 billion (2010)
Total equity$1.0005 billion (2010)
Employees11,240 (2011)

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Sears Canada Inc. (TSX - SCC) (more commonly referred to as "Sears") is a retailer, headquartered in Toronto, Ontario, that operates in all provinces and territories across Canada with a network of 196 corporate stores, 195 dealer stores, 38 home improvement showrooms, 108 Sears Travel offices and a nationwide home maintenance, repair, and installation network. SLH Transport, a freight trucking company and wholly owned subsidiary headquartered in Kingston, Ontario, provides the company with transportation and logistics services and comprises 620 trucks, 3,700 trailers, and 900 associates with terminals located throughout Canada. Sears also has a general merchandise catalogue with over 1,800 catalogue merchandise pickup locations. There is a Sears location within a 10-minute drive of 93% of Canadians. About 33,000 associates are employed throughout the company.

, Sears Holdings Corporation of the United States owns 73.1% of Sears Canada common shares and Pershing Square Capital owns 17.3% of them; the remainder of the shares are publicly traded. As of March 31, 2005, the majority ownership stake was officially transferred to Sears Holdings Corporation (Nasdaq: SHLD).

On September 26, 2007, Sears Canada announced the sale of its Jarvis Street headquarters to the Province of Ontario. The company relocated its head office to surplus space at its flagship store in the Toronto Eaton Centre. Currently the largest Sears stores are located in Toronto Eaton Centre and Pacific Centre in Vancouver. In 2010 same store sales were down 4% compared to 6.8% in 2009.


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