It’s the up and down of business. Couche Tarde, the corner store and gas bar phenomenon from Montreal, continued to spin out money like they own the printing presses. Couche Tarde posted a Q2 profit of $1.21 a share, up from 97 cents a year earlier. Adjusted earnings climbed to $1.32 a share from 91 cents, beating expectations. The convenience-store operator also raised its dividend 14.3%. Meantime, Sears Canada seems to cursed to misery. It announced Tuesday afternoon that it is laying off 800 people at head office and in service departments today. This comes after stories are told that Sears Canada is being shopped around for sale by Edward Lampert, the CEO of Sears Holdings, which continues to own a 51 per cent stake in the firm. Sears Canada has already sold the leases to its best properties, including the Eaton Centre, unlocking hundreds of millions of dollars which is being returned to shareholders as Sears tries to find itself in a ever more complex retail market.
