Sears Canada takes gamble on groceries as losses more than double
TORONTO — Sears Canada, which has been struggling with store closures and sagging sales, said Friday it will venture into the grocery business in an effort to lure shoppers.
The Toronto-based retailer said it has signed a partnership with two specialty supermarket operators to run food markets at some of its revamped locations.
The company declined to provide further details. But executive chairman Brandon G. Stranzl said he is confident the agreement will bring customers to Sears more frequently.
“A grocery store, you might go to two or three times a week,” Stranzl said in an interview. “A department store you might go to once a month … once a quarter or something.”