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Canadian retailer expresses 'significant doubt' about its future
Sears Canada isn't sure about its ability to remain a going concern. The struggling retailer on Tuesday said it doesn't have enough cash flow over the next 12 months to meet its its obligations, and warned that it may have to restructure or be sold. The company cited a "very challenging environment," and noted it has had recurring operating losses and negative cash flows from operating activities in the last five fiscal years, with net losses beginning in 2014. -
Amazon in new rewards program for Prime
Amazon is giving shoppers another reason to sign up for Prime—and a reason not to use credit cards. The online giant is launching a new program, called Amazon Prime Reload, that allows Prime members to earn 2% bonus every time they reload their Amazon gift card balance with cash from their checking account and debit card. The bonus is given in the form of rewards that can be used to make purchases on Amazon.