Sears Canada plunges after voicing doubts about future
Thu, Jun 15, 2017 - 5:50 AM
Based on management's current outlook, cash flow won't be enough to meet obligations over the next year, the Toronto-based chain said on Tuesday.
SEARS Canada Inc suffered its worst stock decline ever after acknowledging "significant doubt" about its ability to keep operating, leading the troubled department store chain to consider a sale or restructuring.
Based on management's current outlook, cash flow won't be...