BRIEF-Sears Canada Inc Q4 earnings per share C$0.30

Fri Mar 18, 2016 7:46am EDT
 
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March 18 (Reuters) - Sears Canada Inc Says Has Implemented A Zero

* Q4 earnings per share c$0.30

* Q4 same store sales fell 1.6 percent

* Leaseback of its calgary national logistics centre

* Expects to have vast majority of cost reduction program implemented within q1 of 2016

* Sears canada inc says also announces loan processing and servicing agreement with easyfinancial services inc

* Company is also reviewing costs and unit economics associated with its direct business

* Entered into sale-leaseback agreement for $84 million for its national logistics centre (nlc) located on dufferin place se in calgary

* Sears canada reports fourth quarter results   Continued...