This Day On The Street
Continue to site right-arrow
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
$1 buys you full access to ALL of TheStreet's Subscription Services! Learn More

Sears Canada Announces Strategic Alliance For Its Installed Home Improvements Business

Stocks in this article: SCC

SHS Services Management Inc. to operate Sears Installed Home Improvements

TORONTO, Jan. 8, 2013 /CNW/ - Sears Canada Inc. (TSX: SCC) announced today that it has entered into a strategic alliance with SHS Services Management Inc., an Installation Services Org. company, whereby SHS will operate the Sears installed home improvements business.  The business will continue to operate under the Sears Home Services brand name.  Management of the operation by SHS is expected to take effect on March 2, 2013.

Sears installed home improvements include HVAC (Heating, Ventilation and Air Conditioning) products, windows, doors, roofing, home décor, gas fireplaces, carpet and duct cleaning, and more.  The operation includes 82 retail locations and 8 hubs. The value offered to customers will continue to include Sears Financial credit card special payment offers, including deferred payments, equal billing, and valuable Sears Club points as well as Sears Home Services satisfaction guarantee of not paying for installed home improvements until the customer is satisfied.

"Combining Sears brand, reputation and customer service with SHS's expertise, processes and technology is expected to significantly grow the efficiency and viability of the business, while creating an organization that provides Canadians with a trustworthy, reliable and affordable alternative in the installed home improvements arena," said Calvin McDonald, President and Chief Executive Officer, Sears Canada Inc.  "Working with successful organizations who can provide immediate credibility and continuity to our brands and services is a strategy we will continue to implement."

It is expected that most Sears associates will transfer over to SHS.  The transition is being planned to be seamless to Sears customers and of minimal disruption to associates and to the business itself.

"I am thankful to the hundreds of associates who have helped build our business to where it is today," added Mr. McDonald, "and I wish much success to those joining the SHS team as they continue to make Sears Home Services a part of so many homes coast to coast."

1 of 2

Select the service that is right for you!

COMPARE ALL SERVICES
Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!

Markets

DOW 17,828.24 +0.49 0.00%
S&P 500 2,067.56 -5.27 -0.25%
NASDAQ 4,791.63 +4.3130 0.09%

Brokerage Partners

Rates from Bankrate.com

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs