>>
Home / Knowledge / News / Apparel/Garments / Sears Canada Q2 FY'13 sales slip 9.6%
Sears Canada Q2 FY'13 sales slip 9.6%
21
Aug '13
Sears Canada Inc. announced its unaudited second quarter results. Total revenue for the 13-week period ended August3, 2013 was $960.1 million compared to $1,061.9 million for the 13-week period ended July28, 2012, a decrease of 9.6%. Same store sales decreased 2.5%.

Net earnings for the second quarter were $152.8 million or $1.50 per share compared to a net loss of $9.8 million or 10 cents per share for the second quarter last year.

Included in net earnings for the second quarter this year is a pre-tax gain of $185.7 million related to transactions for the vacating of two stores, and the granting of an option regarding the vacating of a third store, as announced by the Company on June 14, 2013.

Excluding the after-tax gain from these transactions of $164.0 million, the net loss for the second quarter of 2013 was $11.2 million or 11 cents per share.

Adjusted EBITDA (Earnings Before Interest, Taxes, Depreciation and Amortization and non-recurring items) for the second quarter this year was $20.2 million versus $24.8 million in the second quarter last year. Adjusted EBITDA for the second quarter last year included $5.7 million related to 4 stores for which the leases were terminated prior to the end of 2012.

Total revenues for the 26-week period ended August3, 2013 were $1,827.2 million compared to $1,989.9 million for the 26-week period last year, which ended July28, 2012, a decrease of 8.2%. Same store sales decreased 2.5%.

Net earnings for the first half of 2013 was $121.6 million or $1.19 per share compared to net earnings of $83.2 million or 81 cents per share for the first half of last year. Included in earnings for the first half of last year was a pre-tax gain of $164.3 million related to lease terminations on three properties.

Excluding the after-tax gains associated with vacating stores of $164.0 million and $137.9 million in the first half of 2013 and 2012, respectively, the net loss for the first half of 2013 was $42.4 million or 42 cents per share and the net loss for the first half of 2012 was $54.7 million or 54 cents per share.

Adjusted EBITDA for the first half of the year was $10.4 million versus $2.1 million for the first half of last year. Adjusted EBITDA for the first half of last year included $6.0 million related to 4 stores for which the leases were terminated prior to the end of 2012.

Click  here to read full results

Sears Canada


Must ReadView All

Pic: Dreamstime.com

Textiles | On 22nd May 2022

China raises support for economic growth by cutting lending rate

China recently cut the market-based benchmark lending rate to shore...

Pic Andrey Sirant | Dreamstime.com

Textiles | On 22nd May 2022

CPTPP helps boost Vietnam-Australia trade, investment cooperation

The Comprehensive and Progressive Agreement for Trans-Pacific...

Pic. Shutterstock

E-commerce | On 22nd May 2022

Strong momentum in China's cross-border e-com, rises 18.6% YoY in 2021

China's cross-border e-commerce has rapidly grown in the last few...

Interviews View All

Textile Industry, Head honchos

Textile Industry
Head honchos

Switch was not 100% pandemic related

Textile Industry, Head honchos

Textile Industry
Head honchos

Quality & affordability to affect market acceptability of new fibres

Textile Industry, Head honchos

Textile Industry
Head honchos

Biggest learning was adaptability

Aseem Chitkara,

Aseem Chitkara

Zetwerk Manufacturing Businesses Pvt Ltd is the largest global...

Nishant Poddar,

Nishant Poddar

Since 2015, Universal Sportsbiz Pvt. Ltd. (USPL) has been shaking up the...

Cesare Citterio,

Cesare Citterio

Founded in Northern Italy in the late 1970s, Cifra Spa is a manufacturing...

Ingo Soller, TWE Group

Ingo Soller
TWE Group

The TWE Group is one of the leading global players in the nonwovens...

 Natacha Defeche, Edana

Natacha Defeche
Edana

Since 1971, EDANA, the International association serving the nonwovens and ...

Suresh Patel, Non Woven Federation of India

Suresh Patel
Non Woven Federation of India

The Non Woven Federation of India (NWFI), representing the regional...

Vidur Adlakha & Riccardo Bennidini, La Fuori

Vidur Adlakha & Riccardo Bennidini
La Fuori

With an active presence in US, Italy and India, clothing brand La Fuori...

Susumu Miura, Label - Avalone

Susumu Miura
Label - Avalone

<div>Tokyo-based fashion brand Avalone, founded by Susumu Miura in 2013...

Frederick Anderson, Brand - Frederick Anderson

Frederick Anderson
Brand - Frederick Anderson

New York-based designer Frederick Anderson has been in the fashion...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

Leave your Comments

ESTEEMED CLIENTS

SYNERGIES HONG KONG LIMITED
Coats Digital Limited
Hirdaramani International Export Private Limited
Meera Dyestuff Industries
Seasalt Limited
Cat Tuong Real Estate Group Joint Stock Company
Messe Frankfurt Exhibition GmbH
Brückner Trockentechnik GmbH & Co. KG
Etam Group Strategy Hong Kong Limited
Benetton Group
KIABI
CSGIA(China Screen Printing & Graphic Imaging Association)
Lectra Technologies India Pvt Ltd.
Sainsbury's Argos Asia Limited
BIANCA
Comasia Limited
GHCL LIMITED
Kern – Liebers Textile
ZAITEX spa
Babyshop
Landmark Group
Thai Acrylic Fibre Company Limited
LC Waikiki
Rieter India Private Limited
Newtech Textile Technology Development (Shanghai) Company Limited
Woolmark Services India Pvt. Ltd.
BIMBA ;& LOLA SL
Under Armour Global Sourcing Ltd
GERBER TECHNOLOGY LTD.
Alison Hayes Romania
Telangana State Industrial Infrastructure Corporation Limited (TSllC Ltd)
Eastman Chemical Company
Aleph Srl
Nihalani Events Management
UBM China (Shanghai)
Tradewind International Servicing
H. Stoll AG & Company KG
N9 World Technologies Private Limited
Pt. Peraga Nusantara Jaya Sakti
Recron Polyester from Reliance Industries Limited
Gloria Jeans
Aquarelle Clothing Limited
Jindal Worldwide Limited
Thai Trade Center
Istanbul Fuarcilik A.S.
Brandix Lanka Limited
BIRLA CENTURY A DIVISION OF CENTURY TEXTILES AND INDUSTRIES
Guess Europe Sagl,
Gokaldas Exports Limited
Haelixa AG
Tchibo GmbH
HYOSUNG CORPORATION INDIA PRIVATE LIMITED
John Varvatos
NITI Aayog
Green Fibre
J ;& P Coats
Lifestyle
Truetzschler India Private Limited
Shanghai  Aige Exhibition Service Co., Ltd
TESTEX AG, Swiss Textile Testing Institute
Permoda(Koaj/Armi/Pronto/Bkul)
Taiwan Textile Federation (TTF)
PVH Corporation
Recron Polyester from Reliance Industries Limited
IIGM Private Limited
China World International Exhibition Company Limited
Jiangsu Yingyang Nonwoven Machinery Company Limited
Chori Company Limited
Xtema - Thomas Lebherz Textilmaschinen
Asos
Vianney Textil Hogar S.A. De C.V.
Sateri (Jiujiang) Fiber Co.,Ltd
Messe Duesseldorf
Indofil Industries Limited - Specialty & Performance Chemicals Division
Hela Clothing Pvt Ltd
JES MEDIA, INC
Aramark Uniform ;& Career Apparel, LLC
Nandan Denim Limited
Lacoste (Wanchai)
Bluestem Global Sourcing Limited
Desigual - ABASIC, S.A.
FULGAR SpA
ITMA Services Pte Ltd
Rosset ;& Cia Limited
Dow Silicones Corporation
Applied DNA Sciences Inc
BTC Textiles LLC
Mesdan SPA
Lenzing Aktiengesellschaft
SHAHI Exports Pvt Ltd
IKEA of Sweden AB
Decathlon
Chico’ FAS
Rayonese Textile Inc., Division de Culp Inc.
Infor (Hong Kong) Limited
C;&A Sourcing International Ltd
Varner AS Retail
Deckers Outdoor (Guangzhou) Consultant Co., LTD.
Vardhman Textile Ltd
Walmart
Italian Trade Commission
Copenhagen Fashion Summit
Target Corporation (MN)
TEXVALLEY MARKET LIMITED
Esprit Europe Services GmbH
G.A.S. unternehmenskommunikation gmbh
Performance Days
International Sourcing Expo Australia
Indo Tex
APLF Limited
Centric Software
Loris Bellini S.r.l.
Splash
Palexpo SA
Officina Meccanica Dora Enrico Srl
CGS Inc.
G-Star Raw C.V.
Restoque S.A.
The Top Form Brassiere Manufacturing Company Limited
NV Michel Van de Wiele
TÜYAP IHTISAS FUARLARI A.S.
MAS Active / MAS Kreeda / MAS Bodyline
Alix Partners
Sportswear Company Spa
Boardriders Asia Sourcing Limited
Calvin Klein
The LYCRA Company Singapore  Pte. Ltd
Kornit Digital Asia Pacific Ltd
Tuyap Tum Fuarcilik Yapim A.S.
Tommy Hilfiger
Thermore (Far East) Ltd.
Karl Mayer Textilmaschinenfabrik GmbH
International Textile Manufacturers Federation
Shima Seiki Mfg. Ltd.
Inter Expo Center Ltd.
Flainox S.r.l.
K AND D ITMACH EXPOSITIONS LLP
KAS Direct Sourcing
Groz-Beckert East Asia LLP
COTTON COUNCIL INTERNATIONAL
Eurofins BLC Leather Technology Centre Ltd
USTER
Savio Macchine Tessili S.P.A.
Abit
EPCH
Itema Weaving (India) Private Limited
Groz-Beckert KG
Reiter India Private Limited
DuPont de Nemours, Inc.,
Page Industries Limited (Bangalore)
TESCO INTERNATIONAL SOURCING LIMITED
Datacolor AG Europe
Gatsby Africa
Lisa S.P.A.
Color Service s.r.l.
Gap International Sourcing Limited
Phong Phu international JSC (PPJ)
Amazon China
Puma
Helly Hansen Far East Ltd
EMBEE CORPORATION
Midas Clothing Limited
Lenzing Aktiengesellschaft - India
Equinox Impex India
Zydex Industries
THE BOMBAY DYEING ;& MFG.CO. LTD
Marzoli Machines Textile s.r.l.
BRINKMANN GMBH
Saurer Textile Solutions Pvt. Ltd.
Lululemon Athletica Inc
EUROVET ASIA LTD
T.T. Limited
H;&M Hennes ;& Mauritz (Far East) Ltd
Huntsman (Singapore) Pte Ltd
Mayer & Cie. GmbH & Co. KG
Tory Burch Hong Kong Ltd
Zünd Systemtechnik AG
Datatex Consulting Srl
Weitmann & Konrad GmbH & Co. KG
Lottmann Communications
Stahl Holdings B.V.,
Bluesign Technologies Ag
OVS Hong Kong Sourcing Ltd.
SUZHOU TUE HI-TECH NONWOVEN MACHINERY CO.,LTD
Arvind Limited
IFF Media Ag - International Media Services
BTSR International S.P.A.
VNU Exhibitions Asia
DyStar India Pvt. Ltd
Maceton Limited
The LYCRA Company Singapore  Pte. Ltd
GIOVANNI BOZZETTO S.p.A.
IDH – The Sustainable Trade Initiative
Sportmaster Ltd.
X-Rite Asia Pacific Limited (HK)
Grasim Industries Limited
Colours India Inc
FESPA (Reigate)

May 2022

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.


Advanced Search