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Revenue down 6.9% at Sears Canada in FY'13
28 Feb '13
4 min read
With respect to the full year, Mr. McDonald said, "While the revenues and Adjusted EBITDA in 2012 were disappointing, we have said from the outset that our Transformation is a three-year journey. We implemented many initiatives during 2012 to which our customers have responded positively such as an enterprise-wide price rebalancing under '5,000 Lower Prices', our quarterly LOOK! reports, The Baby's Room, the redesigned Sears Home store in Ottawa, and nine completely refreshed full-line stores. We expect to build on these and our other successes as we move into 2013.
"I acknowledge the efforts and dedication of the 29,000 Sears associates who continue to implement the changes necessary to move the Transformation forward, and I thank them for their commitment."
Sears Canada is a multi-channel retailer with a network that includes 181 corporate stores, 261 hometown dealer stores, 9 home services showrooms, over 1,500 catalogue and online merchandise pick-up locations, 101 Sears Travel offices and a nationwide home maintenance, repair, and installation network.
Sears Canada
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