Friday, July 18, 2014

Included in net income reflected a pre-tax gain of $ 391500000 generated by the company

Knell - Furniture Today, February online calculator 28, 2014 Toronto - Sears Canada has attributed part verantwoordelikh ... "/> Sears said again drove Q4 sales decline of 9.6% - Furniture Today | Afrikaans
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Toronto - Sears Canada has attributed partial responsibility for its decline in the fourth quarter of sales to the severe winter weather, and numerous power outages across the country suffered in December and January
. The multi-channel retailer online calculator controlled by hedge fund manager Edward online calculator Lampert, and its U.S. retail sales force Sears Holding, said its stores were closed for 220 hours in the 13 weeks ended February 1, compared with 40 hours in the previous year.
"We feel the consequences of this, especially in the few days leading up to Christmas," Doug Campbell, Sears Canada president and CEO, said in a statement. "Despite this, we continued to have a positive quarterly same-store sales increase in clothes and accessories business, but it was not enough online calculator to offset the impact felt in our home and hard lines businesses. Inventory continues to be a focus for us and we were successful in reducing our year-end inventory by C $ 76800000 versus the end of 2012, primarily by managing clearance activity and the flow of receipts. "
Total revenue for the quarter was C $ 1180000000, down 9.6% from the C $ 1.31 billion generated in the 14 weeks ended February 2, 2013. Same store sales, including an adjustment online calculator for the extra week in the prior fiscal year, down 6.4%.
Total revenue for the just-ended fiscal year was C $ 3990000000, a 8.2% decrease of C $ 4.35 billion for the 53-week period ended February 2, 2013. Same-stores sales were down 2.7%.
Included in net income reflected a pre-tax gain of $ 391500000 generated by the company's decision to make some of his most shop units to return to their owners, especially in the greater Toronto area. Yet another C $ 108500000 acquired from other asset sales and changes to the pension fund.
Net earnings for the year were $ 446500000 C or C $ 4.38 per share compared to C $ 101.2 million, or 99 cents per share for the previous year. Included online calculator in the latest net earnings pre-tax gain of $ 577200000 related to early lease terminations.
Campbell said 2013 was the year in which Sears Canada "set our strategy of creating maximum value by three levers performed. online calculator merchandising value, efficiency and value network value "


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