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Tuesday, November 19, 2013

Sears Canada loss widens due to restructuring charges, (TSE: SCC.TO), (NASDAQ: SHLD), (NYSE: TGT)

Struggling department store chain Sears Canada Inc reported a larger quarterly loss as it took one-time charges related to restructuring and asset impairment.Sears Canada is in the middle of a three-year turnaround plan, introduced in 2012 to boost sales and reclaim market share at a time when U.S. retailers such as Target Corp are building up their presence in Canada.Sears Canada, 51 percent-owned by Sears Holdings Corp , closed stores, sold real estate and shed assets in the third quarter ended Nov. 2.The company's quarterly same-store sales rose for the first time since 2008.

Sears Canada Inc. (Sears) is a multi-channel retailer. Shares of SCC fell by 0.12% or $-0.02/share to $16.80. In the past year, the shares have traded as low as $11.31 and as high as $12.00. On average, 27117 shares of SCC.TO exchange hands on a given day and today's volume is recorded at 42544.

Sears Holdings Corporation (Holdings) is a retailer with 2,172 full-line and 1,338 specialty retail stores in the United States operating through Kmart Holding Corporation (Kmart) and Sears, Roebuck and Co. Shares of SHLD fell by 2.14% or $-1.38/share to $63.01. In the past year, the shares have traded as low as $38.40 and as high as $66.00. On average, 1160880 shares of SHLD exchange hands on a given day and today's volume is recorded at 706811.

Target Corporation (Target) operates in three segments: U. Shares of TGT remained unchanged at $66.45. In the past year, the shares have traded as low as $58.01 and as high as $73.50. On average, 4547590 shares of TGT exchange hands on a given day and today's volume is recorded at 0.



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