Sears Canada news and archive

Last stores of Sears Canada close for good

Sunday was a sad day in Vancouver, as the last remaining Sears department store closed its doors for good. Sears Canada declared bankruptcy last year and announced in the fall that it would liquidate its remaining stores. Sunday was to be the company’s final day of sales. Although the discounts began in October, when the was announced, only a...

Management

Sears Canada set to shut down, 12,000 jobs at stake

After announcing a restructuring plan in June this year on receiving a stay order from the Ontario Court, Toronto-based Sears Canada is now set to commence liquidation process of all of its remaining stores and assets, which include around 130 store closures and around 12,000 job losses. The company said in a statement that pending approval of...

Management

Sears Canada to close 59 stores, cut 2,900 jobs

Sears Canada has managed to get a stay order from the Ontario Superior Court of Justice. The company said it will continue to work to complete its restructuring in a time to exit CCAA protection. As a part of the restructuring plan, the company would be closing 20 full-line locations, 15 Sears Home stores, 10 Sears Outlet and 14 Sears Hometown...