Sears Canada needs to turn business around, fast

The new executive chairman of Sears Canada, Brandon Stranzl, says he can fix the challenges facing Sears Canada, but it needs to happen quickly. For years, the company has faced falling revenue and erratic profits or losses. The Canadian division is now looking to focus on mid-priced brands to attempt a financial turnaround. Stranzl also plans to sell more noncore items, reduce expenses and beef up outlet stores. Story

Suggested Articles

Costco changes up its menu items, and Alibaba and Guess partner for a physical store.

Janey Whiteside, Walmart's new chief customer officer, is well acquainted with the importance of customer service in modern retail.

Whole Foods will offer deals on Amazon's Prime Day, and tariffs against China are causing pricing hikes.