BRIEF-Sears Canada Q2 loss per share C$0.90

Wed Sep 7, 2016 7:15am EDT
 
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Sept 7 (Reuters) - Sears Canada Inc :

* Q2 loss per share C$0.90

* Q2 revenue fell 15.6 percent to C$648.5 million

* Sears Canada reports second quarter results

* Q2 same store sales fell 5.5 percent

* Announcing $70 million real estate transaction

* Currently working towards further cost reductions in order to reach upper end of higher 2016 annualized target range

* Says entered into a letter of intent for a real estate transaction for proceeds to company of $70 million

* Qtrly same store sales decreased by 5.5% compared to same quarter last year

* Working towards 2016 annualized cost reductions target of $155 million

* Says Q2 same store sales decreased by 5.5% compared to same quarter last year and core retail same store sales decreased by 6.2% Source text for Eikon: Further company coverage: