Sears Canada Inc. is a retailer, headquartered in Toronto, Ontario, that operates in all provinces and territories across Canada with a network of 196 corporate stores, 195 dealer stores, 38 home improvement showrooms, 108 Sears Travel offices and a nationwide home maintenance, repair, and installation network. SLH Transport, a freight trucking company and wholly owned subsidiary headquartered in Kingston, Ontario, provides the company with transportation and logistics services and comprises 620 trucks, 3,700 trailers, and 900 associates with terminals located throughout Canada. Sears also has a general merchandise catalogue with over 1,800 catalogue merchandise pickup locations. There is a Sears location within a 10-minute drive of 93% of Canadians. About 33,000 associates are employed throughout the company.
Sears Canada was formed in 1952 as a joint venture of Simpson's and United States retailer Sears, and it remains majority owned by the latter. On March 31, 2005, the majority ownership stake was officially transferred to Sears Holdings Corporation (Nasdaq: SHLD) which owns 73.1% of Sears Canada common shares, while Pershing Square Capital has 17.3%, and the remainder of the shares are publicly traded on the Toronto Stock Exchange.
Currently the largest Sears stores are located in Toronto Eaton Centre and Pacific Centre in Vancouver.
Famous quotes containing the word canada:
“What makes the United States government, on the whole, more tolerable—I mean for us lucky white men—is the fact that there is so much less of government with us.... But in Canada you are reminded of the government every day. It parades itself before you. It is not content to be the servant, but will be the master; and every day it goes out to the Plains of Abraham or to the Champs de Mars and exhibits itself and toots.”
—Henry David Thoreau (1817–1862)