TORONTO—Sears Canada, known for its catalogues that were a household staple for generations, says there is “significant doubt” about its future and it could sell or restructure itself.
The struggling retailer, which tried to reinvent itself last year with a new corporate logo, said it doesn’t expect to have enough cash flow over the next 12 months to meet its obligations. It’s the latest sign of how the retail sector is being upended by numerous factors, including the rise of online shopping.
“The company continues to face a very challenging environment with recurring operating losses and negative cash flows from operating activities in the last five…
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