Sears Canada Inc. today raised doubts about its ability to continue as a going concern, saying cash and estimated cash flows from operations were not expected to be enough to meet obligations over the next 12 months, Reuters reported. The retailer also reported a 15.2 percent decline in first-quarter sales, continuing a trend of declining sales since it was spun off from parent Sears Holdings Corp. in 2013. Sears Holdings has a nearly 12 percent stake in Sears Canada.
