Sears ramps up holiday discounts

Sears Canada Inc. (TSX:SCC) says low consumer confidence pulled down sales lower during the third quarter, but it’s hoping to combat the downturn with more holiday season discounts.

A shopping cart ioutside of a Sears store.

TORONTO — Sears Canada Inc. (TSX:SCC) says low consumer confidence pulled down sales lower during the third quarter, but it’s hoping to combat the downturn with more holiday season discounts.

“Sears will be aggressively marketing in the fourth quarter,” said Dene Rogers, president and chief executive of Sears Canada Inc., in a release.

“This will be done in a responsible manner with a focus on driving customer traffic and profitability.”

The move comes as Canadian retailers brace themselves for a holiday shopping season that’s expected to be as tough — if not tougher — than last year.

A survey released by Deloitte last month suggests that 44 per cent of Canadians plan to spend less this year during the holiday than they did over the past two years, an increase of three per cent over responses last year.

Just over half, about 51 per cent, of responders said they plan to spend the same amount as in the past two years.

Retailers have responded by slashing prices and flogging deals that encourage consumers to bulk up their purchases to save more money. Deep discounts tend to hurt the bottom line because they tighten margins.

Big box retailers like Wal-Mart and Costco have devoured a significant chunk of business from department stores like Sears as price and convenience swayed consumers from traditional shopping malls.

Just Posted

Avid Penhold climber Catlin Hannah’s death a reminder of the dangers of scrambling

Hannah never returned from his Mount Smuts attempt on Aug. 12.

Children, elderly at risk as smoke from distant fires hangs over parts of B.C.

VANCOUVER — Thick smoke blanketing British Columbia communities far from any flames… Continue reading

Trudeau: no apologies for heckler encounter, pledges to call out ‘hate speech’

OTTAWA — Hate speech and the politics of division are creating a… Continue reading

Rocky Mountain House RCMP charge woman with drug trafficking

Rocky Mountain House RCMP have charged a woman with drug trafficking after… Continue reading

WATCH: Medicine River Wildlife Centre opens new playground

The grand opening of the playground was Saturday morning

Police chiefs want new data-sharing treaty with U.S. as privacy questions linger

OTTAWA — Canada’s police chiefs are pressing the Trudeau government to sign… Continue reading

Pope on sex abuse: “We showed no care for the little ones”

VATICAN CITY — Pope Francis issued a letter to Catholics around the… Continue reading

Ottawa announces $189M to extend employment insurance for seasonal workers

ESCUMINAC, N.B. — Ottawa has announced $189 million for an employment insurance… Continue reading

Trudeau formally announces he’ll run again in next year’s election

MONTREAL — Justin Trudeau will run again in the 2019 federal election.… Continue reading

Smoke from B.C. wildfires prompts air quality advisories across Western Canada

VANCOUVER — More smoky, hazy air is expected to blanket much of… Continue reading

Anti-pipeline protesters released days before weeklong jail sentences end

MAPLE RIDGE, B.C. — Several pipeline protesters were released from a British… Continue reading

All eyes on Andrew Scheer as Conservative convention set for Halifax

OTTAWA — After a week of internal caucus squabbles, Conservative Leader Andrew… Continue reading

Trump says his White House counsel not a ‘RAT’ like Nixon’s

BRIDGEWATER, N.J. — President Donald Trump insisted Sunday that his White House… Continue reading

Most Read


Five-day delivery plus unlimited digital access for $185 for 260 issues (must live in delivery area to qualify) Unlimited Digital Access 99 cents for the first four weeks and then only $15 per month Five-day delivery plus unlimited digital access for $15 a month