TORONTO (Reuters) - Sears Canada Inc , the nation's No. 2 department-store chain, said on Wednesday that quarterly profit fell 21 percent due to economic uncertainty and poor consumer confidence.
Sears Canada, which is majority owned by Sears Holdings Corp , earned C$47.1 million ($44.9 million), or 44 Canadian cents a share, in the third quarter ended October 31, down from C$59.3 million, or 55 Canadian cents a share, a year earlier.
Revenue fell 9.2 percent to C$1.31 billion as stores at open for at least a year, a key performance measure known as same-store sales, dropped 6.3 percent.
(Reporting by Scott Anderson; Editing by Lisa Von Ahn)
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