Multi-channel retailer Sears Canada Inc. (SCC.TO), Wednesday reported net loss of C$31.2 million or C$0.31 compared to net earnings of C$93.1 million or C$0.91 per share during the same quarter last year, which included a pre-tax gain of C$164.3 million. Excluding the gain from lease terminations, the company's net loss was C$44.9 million for last year.
Adjusted loss at the EBITDA level for the three-month period was C$9.8 million, narrower from loss of C$22.7 million reported during the corresponding period last year.
Total revenue for the period was C$867.1 million compared with C$928 million last year. Same store sales decreased 2.6 percent, the company said in a statement.
The company also announced the appointment of its interim Chief Financial Officer , E.J. Bird to the posts of Executive Vice-President and CFO.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.