Sears Canada Swings To Q3 Loss

Sears Canada Inc

swung a third-quarter loss. Sears Canada posted a quarterly net loss of C$46.6 million ($45.8 million), or 44 Canadian cents per share, versus a year-ago profit of C$20.8 million, or 19 Canadian cents per share. Its revenue fell 7% to C$1.11 billion. Sears Canada's same-store sales dropped 7.8%.