Sears Canada Inc Chief Executive Ronald Boire will leave the Canadian retailer in the midst of a turnaround to take over the top job at struggling U.S. bookstore chain Barnes & Noble Inc. Sears Canada will now lose its second CEO since September as the company tries to reverse a trend of six straight years of falling sales."I think that this is an unfortunate event for Sears Canada as Ron Boire was starting to build some positive momentum," said Bruce Winder, an independent retail consultant.Under Boire, Sears Canada in May posted its slowest same-store sales decline in five quarters as his moves to spend more on profitable merchandise categories, its website, and exit money-losing product lines paid off.
Barnes & Noble, Inc. (Barnes & Noble) is a bookseller. Shares of BKS traded higher by 1.09% or $0.28/share to $26.02. In the past year, the shares have traded as low as $17.90 and as high as $27.10. On average, 759429 shares of BKS exchange hands on a given day and today's volume is recorded at 239515.
Sears Canada Inc. (Sears), a Canada-based company, is a multi-channel retailer. Shares of SCC fell by 0.066% or $-0.005/share to $7.56. In the past year, the shares have traded as low as $7.13 and as high as $16.99. On average, 18289 shares of SCC.TO exchange hands on a given day and today's volume is recorded at 7050.
Shares of SRSC fell by 2.28% or $-0.14/share to $6.01. In the past year, the shares have traded as low as $5.95 and as high as $15.30. On average, 45290 shares of SRSC exchange hands on a given day and today's volume is recorded at 40747.