Sears Canada Doubles Loss As Sales Slide 21%, Stock Down Staggering 75% Over Year

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TORONTO - Sears Canada Inc. more than doubled its net loss in the third quarter as the struggling department store retailer reported a steep 21 per cent slide in sales. The Toronto company reported losses of $120 million for the three-month period ended Oct. 29, or $1.18 per share, compared with a net loss of $53.2…


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