Continuing its string of disappointing earnings, Sears Canada Inc. witnessed a fall of about US $ 105 million in its fiscal third quarter. This would end its Sears credit card agreement with JPMorgan and it was seeking a new credit card partner. Despite selling off some of its prime retail locations in Canada and watching sales slide for years amid competition from discount competitors and others, Sears Canada insists it still has a future. Acting CEO Ronald Boire said the third-quarter results were disappointing but the Sears Canada still has a niche in the market providing “great fashionable product made of high quality at affordable prices.
