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Sears Canada Inc

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BUSINESS
October 5, 1999
* Sears Canada Inc., deciding the historic Eaton brand name is too precious to give up or lose to potential U.S. rivals, said it will buy at least five key big-city stores from T. Eaton Co. and operate them as upscale Eaton's stores. Sears Canada, majority-owned by Sears, Roebuck & Co., had earlier agreed to buy up to 13 suburban stores from the insolvent company. Sears also said it will revive Eaton's catalog and run its online business under the Eaton banner. * Walgreen Co., the largest U.S.
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BUSINESS
December 6, 2005 | From Reuters
Sears Holdings Corp. on Monday offered $718.5 million to buy the stock of Sears Canada Inc. it did not already own, surprising analysts who expected the U.S. retailer to sell its 53.8% stake. Shares of Sears Canada rose above the offer price Monday, suggesting that investors were hoping for a sweeter deal. Speculation has long centered on a transaction that would combine Sears Canada with Canadian retail icon Hudson's Bay Co., which recently rejected a takeover bid from its largest shareholder.
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BUSINESS
September 21, 1999 | From Reuters
Sears Canada Inc. snapped up the most famous name in Canadian retailing, for $20 million in cash Monday, saying it might keep the T. Eaton Co. banner alive via the Internet and catalog business, but probably not in a store format. Toronto-based Sears Canada, which is 55% owned by Sears, Roebuck & Co. of Hoffman Estates, Ill., said it would assume ownership of the Eaton name, trademark, Web site and eight stores across the country, including three in Toronto.
BUSINESS
October 5, 1999
* Sears Canada Inc., deciding the historic Eaton brand name is too precious to give up or lose to potential U.S. rivals, said it will buy at least five key big-city stores from T. Eaton Co. and operate them as upscale Eaton's stores. Sears Canada, majority-owned by Sears, Roebuck & Co., had earlier agreed to buy up to 13 suburban stores from the insolvent company. Sears also said it will revive Eaton's catalog and run its online business under the Eaton banner. * Walgreen Co., the largest U.S.
BUSINESS
December 6, 2005 | From Reuters
Sears Holdings Corp. on Monday offered $718.5 million to buy the stock of Sears Canada Inc. it did not already own, surprising analysts who expected the U.S. retailer to sell its 53.8% stake. Shares of Sears Canada rose above the offer price Monday, suggesting that investors were hoping for a sweeter deal. Speculation has long centered on a transaction that would combine Sears Canada with Canadian retail icon Hudson's Bay Co., which recently rejected a takeover bid from its largest shareholder.
BUSINESS
April 3, 1992 | From Times Staff and Wire Reports
Sears Sells 25% of Mexican Unit: Sears, Roebuck & Co. sold the stake in its Mexican retailing operation and realized a net gain of $120 million from the sale of 16.5 million shares of Sears Mexico stock, the company disclosed in its 10-K form, a financial document filed annually with the Securities and Exchange Commission. The Mexican subsidiary was formed in 1947, according to Sears spokesman Gerald Buldak. It operates 33 stores in 26 cities, including six in Mexico City. Sears also owns 62.
BUSINESS
April 7, 2006 | From Reuters
Martha Stewart Living Omnimedia Inc. said Thursday that it would extend its reach by launching an exclusive line of home products in Macy's department stores. Shares of the lifestyle media company rose 13.7%. The Martha Stewart Collection, which will include towels, dinnerware and holiday decor, is expected to debut in fall 2007 in Macy's stores and on Macys.com. Martha Stewart Living already sells home goods at Sears Holdings Corp.'s Kmart unit and Sears Canada Inc.
BUSINESS
December 7, 2005 | From Associated Press
Sears Holdings Corp. reported another mixed quarter of skidding sales alongside improved costs and profit margins Tuesday, encouraging investors while leaving questions about its direction as a retailer unanswered. The parent of Sears department stores and Kmart discount stores bested Wall Street estimates with a modest fiscal third-quarter profit of $58 million even as net income and sales fell from a year earlier. Its stock rose 5.4% in heavy trading.
BUSINESS
September 21, 1999 | From Reuters
Sears Canada Inc. snapped up the most famous name in Canadian retailing, for $20 million in cash Monday, saying it might keep the T. Eaton Co. banner alive via the Internet and catalog business, but probably not in a store format. Toronto-based Sears Canada, which is 55% owned by Sears, Roebuck & Co. of Hoffman Estates, Ill., said it would assume ownership of the Eaton name, trademark, Web site and eight stores across the country, including three in Toronto.
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