Sears Canada Inc.
||Public (TSX: SCC) (54.3% of common stock owned by Sears Holdings Corporation)
||1952 (joint venture of Simpson's and Sears)
||Clothing, footwear, furniturestores bedding, furniture, jewelry, beauty products, funiture stores appliances, housewares, tools, and electronics.
Sears Canada Inc. TSX: SCC (more commonly furnature stores referred to as "Sears") is a retailer, headquartered in Toronto, Ontario, that operates in all provinces and territories across Canada with furnture stores a network of 188 furniture stors corporate stores, 180 dealer stores, 67 home improvement showrooms, 112 Sears Travel offices and furiture stores a nationwide home maintenance, repair, and installation network. Sears also has a general merchandise furnitire stores catalogue with over 2,200 catalogue merchandise pickup locations. furniture stoes There is a Sears location within a 10-minute drive of 93% of Canadians. furniture stores About 50,000 associates are employed throughout the company.
Sears of the United States owns 54.3% of Sears furniture stores online Canada common shares; the remainder of the shares are publicly traded. As of March 31, discount furniture stores 2005, the majority ownership stake was officially transferred to Sears san antonio furniture stores Holdings Corporation (Nasdaq: SHLD). Sears Holdings is attempting to buy back the outstanding shares of Sears Canada, with expectations of concluding the online furniture stores deal in furniture stores in illinois the fourth quarter of 2006.
- 1 Corporate history
- 2 Recent furniture stores in florida news
- 3 See also
- 4 News links
- 5 External baby furniture stores links
Sears Canada began its operations as Simpsons-Sears Limited, a furniture stores in toronto catalogue retailer, in 1952. The north carolina furniture stores company was formed as a joint-venture between the Robert Simpson Company (Simpson's), an existing Canadian department store retailer, and ashley furniture stores Sears, Roebuck & Co. of the United States. unfinished furniture stores The purpose of the joint-venture was to take over the existing Simpson's catalogue operations, and to furniture stores in ct build new stores in markets that were not already served by existing Simpson's furniture stores in delaware stores.
In 1973-1974, Simpsons-Sears opened its first stores in metropolitan areas already served by furniture stores in michigan Simpson's (although in suburban areas well away from the downtown Simpson's stores). So as to avoid confusing san diego furniture stores customers, these new stores were opened under the Sears banner.
The Hudson's furniture stores atlanta Bay Company acquired Simpson's in 1978. Due furniture stores in dallas texas to federal competition laws, the Hudson's Bay Company was required to divest itself of its interest in Simpsons-Sears, and the chain was formally furniture outlet stores renamed Sears Canada (though some Sears stores continued to informally carry the hyphenated name chicago furniture stores into the furniture stores in north carolina 1980s). As part of the split, Sears and Simpson's were not allowed to build stores within 20 miles of each other furniture stores in chicago for 20 years. This left Sears Canada with no stores in the downtown areas of furniture stores in ma major cities until this agreement expired. The Hudson Bay Company furniture stores in new jersey eventually converted all Simpson's store to furniture stores in dallas The Bay banner by 1991, and the Simpson's name has disappeared from Canada's retail landscape.
In 1995, Sears Canada opened Sears Whole Home furniture furniture stores in houston stores located in power centres, and renamed them Sears Furniture and Appliances stores in furniture stores in nashville 1999, to reflect the addition of major furniture stores in ohio appliances. In 2003, Sears Canada again renamed their Furniture and furniture stores maryland Appliances store to Sears Home stores. This change was intended to reflect their broader appeal for customers seeking a one stop experience for furniture stores in pa re-making their home decor. The stores' product furniture stores in atlanta line was expanded to include Home Installed Products and Services such as floor coverings, furniture stores in texas customer drapery, and other installed home related products in many locations.
In 1998, seattle furniture stores Sears Canada's website, www.sears.ca became an active channel, allowing customers to order from a selection of over amish furniture stores 500 products. By 2001, the website became Canada's badcock furniture stores most popular retail internet destination with over a million orders placed that year.
In 1999, Sears nc furniture stores Canada acquired The T. Eaton Company furniture stores in los angeles Limited. With this acquisition, Sears Canada acquired a number of Eaton's stores and the trademark name. For the first time in its history, Sears Canada furniture stores in maryland held the leases to a number of prime downtown locations Toronto (Eaton Centre furniture stores canada and Yorkdale Mall), Vancouver Pacific Centre, Victoria, Winnipeg, Ottawa, Calgary(all former furniture stores in naples florida Eaton's stores). Sears florida furniture stores had intended to obtain the former downtown Montreal store, although it lost out to the incumbent Les Ailes furniture stores in columbus ohio de la Mode.
Sears relaunched "eatons" in November furniture stores in nj 2000 as a seven-store upscale mini-brand, with locations in Vancouver, Victoria, Calgary, Winnipeg, Toronto and Ottawa. This operation was furniture stores nj unsuccessful, however, and Sears converted the eatons stores to the Sears brand in 2002. Many said that the eatons dining room furniture stores stores were too upscale and/or too furniture stores chicago thinly scattered across the country for the mini-chain to furniture stores uk have ever been profitable and worthwhile. The retail environment has changed with more of the population shopping furniture highpoint nc stores at big box outlets and/or speciality stores squeezing out the middle market which is the furniture stores in arkansas base of the traditional department store.
In 2005, Sears Card services was outsourced to JPMorgan Chase Bank N.A., but the furniture stores in charlotte nc Sears points system was furniture stores in hawaii retained by the retailer. In January 2006, Sears Holdings Inc, the parent company and majority shareholder of furniture stores in massachusetts Sears Canada Inc. made a bid to purchase the remaining shares to take houston furniture stores the company private.
Pertaining to yonkers ny furniture stores the ongoing attempt of privatization on behalf of its parent company, Sears Holdings denver furniture stores Limited; a recent ruling by the Ontario Securities Commission, made in August 2006, has stalled progess on this front. While the ruling does not dispel the future possibility of the privatization of Sears Canada, it arizona furniture stores does bedroom furniture stores pose a significant obstacle by ruling three major shareholding blocks ineligible to vote as florida furniture stores palm coast fl furniture stores the blocs were given extraodinary priviledges by Sears Holdings Limited.
- List of furniture stores california Canadian department stores
Sears Holdings furniture stores illinois Corporation
People: Floyd Hall | Alan J. Lacy | Sebastian S. Kresge | Alvah C. Roebuck | Richard Sears
Retailers: Kmart furniture stores in houston texas | Lands' End | Sears | Sears Canada | Sears Mexico
Brands: Craftsman furniture stores in saint cloud florida and surrounding area | Diehard | Joe Boxer | Martha Stewart furniture stores orlando Everyday
Other: Sears Catalog Home | Sears Tower
Annual Revenue: $49.124 billion USD (2006) muskegon furniture stores | Employees: 355,000 (2006)
Stock Symbol: NASDAQ SHLD | Website: searsholdings.com
- ^ http://www.cbc.ca/story/business/national/2006/08/08/sears-tues.html?ref=rss
- ^ http://www.theglobeandmail.com/servlet/story/RTGAM.20060809.wr-sears09/BNStory/Business
furniture stores in twin falls id idaho niagara falls ontario furniture stores oklahoma city furniture stores furniture stores in kansas
Categories: Companies listed on the Toronto Stock Exchange | Department stores of Canada | Retail furniture stores in orlando florida companies of Canada | S&P/TSX Composite furniture stores in prospect park pa pennsylvania Index | Sears Holdings Corporation