Sears Canada sees slow start in turnaround strategy

02/28/2013 | Financial Post (Canada)

Sears Canada saw apparel sales rise in the fourth quarter, but overall same-store sales fell 3.8% in the period as the retailer struggled to boost business one year into a three-year turnaround plan. "We are going to continue to evaluate our assets and make sure that we are maximizing those behind our trading strategy, and we are going to continue to evaluate our business model," said CEO Calvin McDonald.

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