Sears Canada Inc. (SCC.TO) reported that its second-quarter net loss was C$9.8 million or C$0.10 per share compared to a net loss of C$0.2 million or break even per share in the year ago quarter.
Adjusted EBITDA for the quarter was C$17.8 million versus C$30.0 million in the same period last year.
Total revenues for the quarter were C$1.050 billion compared to C$1.148 billion for the 13 weeks ended July 30, 2011, a decrease of 8.5%. Same store sales decreased 7.1% over the same periods.
For comments and feedback contact: editorial@rttnews.com
Business News
June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.