Dec. 12, 2012
/CNW/ - Sears Canada Inc. (TSX: SCC) announced today the sale of its 40% ownership of the leasehold interest in Medicine Hat Mall in
to the Company's joint venture partner, Sleeping Bay Building Corp., for pre-tax consideration of
This transaction will have no effect on any associates employed at the Sears store at Medicine Hat Mall, nor on the operation of the store which will continue to serve the residents of
and surrounding area as it has proudly done since 1978 in this location, and prior to that from its previous store built in 1960.
is a multi-channel retailer with a network that includes 195 corporate stores, 269 hometown dealer stores, 8 home services showrooms, over 1,500 catalogue and online merchandise pick-up locations, 102 Sears Travel offices and a nationwide home maintenance, repair, and installation network. The Company also publishes
most extensive general merchandise catalogue and offers shopping online at
SOURCE Sears Canada Inc.