Sears Canada Ceo Resigns As Company Works On Turnaround

Hume on downtown Walmart

Drabinsky has claimed he only learned of the intent to strip him of Canada’s highest honour last June while nine months into his five-year sentence in a minimum security facility. On Tuesday morning his lawyer, John Koch, argued it was impossible for Drabinsky to access the materials needed to contest the termination while incarcerated and he was denied the appropriate time needed to respond. The council therefore misadvised the Governor General by making recommendations without the relevant facts and failing to inform him of Drabinsky’s position, argued Koch. If they had done so, the Governor General might have asked for further discussion of the matter. Koch also said Drabinsky did not receive important letters from the council and was only informed of the termination in February, months after the termination order was signed by the Governor General in November 2012. He did not have a chance to review the recommendations of the council before the Governor General made his decision and instruct his lawyer to launch review proceedings at that time, said Koch. Drabinsky was released on day parole in February but was not present in court. Counsel representing the advisory council said in written arguments that the council has no decision making power, it only makes recommendations to the Governor General. Lawyer Christine Mohr also says the court has no power to review decisions made by the advisory council about whether honours should be granted. The decisions are based on social, moral and political concerns, and thus have no bearing on legal rights, she wrote. No one has a right or entitlement to an honour, Mohr told court Tuesday. The council was not obliged to wait 10 months for Drabinsky to get out of prison, she added.

retailers such as Target Corp and Wal-Mart Stores Inc . Chief Operating Officer Douglas Campbell will become CEO with immediate effect, Sears Canada said, adding that McDonald is joining an international company it did not identify. The Globe and Mail newspaper, citing sources familiar with the situation, said McDonald’s departure was sparked by differing views with U.S. parent Sears Holdings, controlled by investor Edward Lampert. The disagreement was tied to “the pace at which capital was being deployed to keep the momentum of the transformation going,” the newspaper quoted the source as saying. Vincent Power, Sears Canada’s director of corporate communications, declined to comment directly on the reports. “I do not know of those differences…I say it is just speculation, it is nothing I comment on because it’s not facts that I am aware of,” Power told Reuters. Sears Canada, 51 percent owned by Sears Holdings Corp , announced a three-year plan in 2012 to reclaim lost market share that included making radical changes to its pricing strategies and sprucing up stores. The company posted its 18th quarterly fall in revenue in the second quarter. Sears Canada also closed two high-profile stores in the Toronto area and sold back the leases earlier this year. McDonald told Reuters in January that he was not entirely happy with the company’s progress in the 19 months since he took the top job. Power said he did not have the details on the company McDonald was joining, but it was an “exciting opportunity.” Campbell joined Sears Canada in March 2011 from Boston Consulting Group, where he led turnaround projects and was named COO last November. The stock was down at C$12.29 in early afternoon trading.

Martin MacMahon: Canada snubbed from FIFA video game once again

(Andy Clark/Reuters / September 24, 2013) Reuters 7:49 a.m. CDT, September 24, 2013 (Reuters) – Sears Canada Inc’s Chief Executive Calvin McDonald has resigned just as the department store chain restructures amid intensifying competition from U.S. retailers such as Target Corp and Wal-Mart Stores Inc . Chief Operating Officer Douglas Campbell has been promoted as CEO with immediate effect, Sears said, adding McDonald is joining an international company it did not identify. The Globe and Mail newspaper, citing sources familiar with the situation, said the departure was sparked over differing views with U.S. parent Sears Holdings, controlled by investor Edward Lampert. The disagreement was tied to “the pace at which capital was being deployed to keep the momentum of the transformation going,” the newspaper quoted the source as saying. Sears Canada, 51 percent-owned by Sears Holdings Corp , announced a three-year plan in 2012 to reclaim lost market share that included making radical changes to its pricing strategies and sprucing up stores. The company posted its 18th quarterly fall in revenue in the second quarter. Sears Canada also closed two high-profile stores in the Toronto area and sold back the leases earlier this year. McDonald told Reuters in January that he was not entirely happy with the company’s progress in the 19 months since he took the top job. Campbell joined Sears Canada in March 2011 from Boston Consulting Group, where he led turnaround projects, and was named COO last November. (Reporting by Bhaswati Mukhopadhyay in Bangalore; Editing by Sreejiraj Eluvangal and Sriraj Kalluvila) Copyright 2013, Reuters

UPDATE 2-Sears Canada CEO resigns as retailer works on turnaround

EA Sports wouldn’t release details of its sales numbers in Canada specifically, but given the size of the country it’s difficult to imagine it is completely insignificant in the overall sales picture. If the company had said that Canada simply didn’t move many units relatively speaking, while disappointing for Canadian soccer fans, it would be understandable from a business standpoint however without that information we’re left to wonder why the continued omission. The story only gets more puzzling when one finds out the game is primarily a product of EA Sports’ Burnaby, British Columbia, location, presumably primarily staffed by Canadian game designers. A spokesperson from the company sent this e-mail to Goal when asked for further details on Canada’s continued exclusion from the game: [U]nfortunately Canada is not in the game. The FIFA team would love to be able to include every club, league and tournament on earth but sometimes thats not possible. Licensing teams and leagues is a business decision based on market size and limited resources. Including Canada is something we would certainly look at in the future. The company did not reply by deadline to an e-mail requesting clarification on what specific barriers blocked Canada’s inclusion. Specifically, did the Canadian Soccer Association hold out for too much money, or did the association not want involvement in the game at all for some reason? Perhaps it’s a world ranking issue, or perhaps the fact that Canada hasn’t competed in the World Cup in nearly three decades means they haven’t earned the nod. If any of this information was provided as the reason for this nation’s exclusion from the game, while still a bit irritating for those who want to represent the red and white virtually, at least we would know the thinking behind the snub. This article isn’t meant to be an attack on EA Sports or its FIFA franchise, which consistently deliver excellent products which entertain and seem to improve year on year. But as a company with a significant Canadian presence, it can play a role in helping grow the game in this country. As stupid as it sounds, when kids play a game and are forced to represent another country rather than Canada when playing internationally, it could loosen their feeling of attachment to the national team. Video games, for better or worse, are a big part of children’s lives.