CANADA: Sears Canada Releases October Revenues
Sears Canada's total revenues for the four week period ending October 29, 2000 increased 3.8 per cent to $577m from $555.9m for the same period last year.Full-line store sales increased 5.0 per cent, however same store sales for full-line stores decreased 1.7 per cent. Catalogue sales decreased by 4.3 per cent. Off-mall sales increased 19.7 per cent. Same store sales for off-mall stores decreased by 4.5 per cent.Commenting on October sales, Paul Walters, chairman and CEO said: "The sales trend for October was significantly below our expectations. We continued to experience soft revenues in our big-ticket business for the third consecutive month, impacting growth in both our full-line and off-mall formats. Despite the weakness in our big-ticket business, we continue to gain significant market share in major appliances, particularly in the month of October. Our apparel business performed at high single digit growth in our full-line store channel, despite sluggish sales in winter related merchandise."
Get full access to all content, just $1 for 30 days
A Message From The Editor
just-style gives you the widest apparel and textile market coverage.
Paid just-style members have unlimited access to all our exclusive content - including 16 years of archives.
I am so confident you will love complete access to our content that today I can offer you 30 days access for $1.
It’s our best ever membership offer – just for you.
Leonie Barrie, editor of just-style
- Steps to piloting living wage in garment factories
- Trump blows the case for Brexit out of the water
- How to ensure sustainability is more than a slogan
- Duty-free trade key to build Africa supply chains
- US apparel retailers' November 2016 sales roundup
- Taiwan textile maker investing in first US plant
- US Q3 in brief – Destination Maternity, Cherokee
- Outdoor apparel sector set for double-digit growth
- Myanmar garment industry "lacking labour rights"
- World cotton price prospects lifted again