Sears Canada raises doubts about its future
Posted Jun 13, 2017 08:35:11 AM.
Last Updated Jun 13, 2017 01:57:55 PM.
This article is more than 5 years old.
Troubled national retailer Sears Canada is casting doubts about its future.
It says it’s only been able to arrange about 109-million dollars to meet financial obligations over the next year — 66-million less than anticipated — and there’s “significant doubt” of its ability to continue as a going concern.
Sears Canada didn’t announce any plans for dealing with the financial uncertainty but says its annual meeting set for tomorrow has been postponed until an unspecified date.
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