Sears Canada racks up record third-quarter profit

Article Abstract:

Sears Canada Inc., a department store retailer, has registered record-high earnings of C$24.1 million or 23 cents a share for the third quarter ended Oct. 3, 1998. The company, which posted C$19.4 million or 18 cents in 1997 profits, also saw its sales increased from C$1.066 billion to C$1.17 billion. As part of an expansion move, Sears is poised to open four Sears Whole Home Furniture Stores and complete the reorganization of five more full-line outlets. The firm will also have minor renovations to its 10 full-line stores by November 1998.

Comment:

Registers record-high earnings of C$24.1 million or 23 cents a share for the third quarter ended Oct 3, 1998

Sears Canada Inc., Article

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Eaton's loss brings calls for store closing

Article Abstract:

Department store chain T. Eaton Company Ltd. has posted a loss of C$72 million on sales of C$1.6 billion for the FY ended Jan 30, 1998. The company reported a loss of C$155.9 million on sales of C$1.7 billion in 1997. The company earlier projected a loss of only C$29 million for 1998, and even predicted a 1998 profit of C$58 million when it launched its IPO in June 1998. The company, which just emerged from bankruptcy protection in late 1997, may have to close more of its 64 stores to cut costs and return to profitability.

T. Eaton Company Ltd.

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Best Buy quarterly operating loss widens

Article Abstract:

Best Buy Canada Ltd. posted a one-third higher operating loss for the first quarter ending May 31, 2003. The company posted US$9 million in operating losses for the quarter.

Radio, Television, & Computer Stores, Radio, TV, Music, Electronics Stores, Finance, Company sales and earnings, Company earnings/profit, Consumer electronics stores, Best Buy Canada Ltd.

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