Struggling department store chain Sears Canada Inc reported a wider quarterly loss as it took one-time charges of C$42.8 million related to restructuring and asset impairment. Net loss widened to C$48.8 million ($46.8 million), or 48 Canadian cents per share, in the third quarter, from C$21.9 million, or 22 Canadian cents per share, a year earlier.Revenue fell about 6 percent to C$982.3 million in the three months ended Nov. 2.The Toronto-based company, 51-percent owned by U.S. department store chain Sears Holdings Corp, announced a one-time dividend of C$5 per share or C$509 million, payable on Dec. 6.
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.
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