SEARS CANADA TO SHUT DOWN BEFORE CHRISTMAS

Oct 10, 2017

By Christine Ross

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It looks like the end for a venerable Canadian department store. Sears Canada is applying for court approval to liquidate all of its remaining stores and assets and says it “deeply regrets” the loss of jobs and store closures. The retailer has been operating under protection from its creditors since June and has failed to find a buyer. Sears will be in court Friday seeking approval for the liquidation and wind-down of the business, which it expects to take 10 to 14 weeks. That means it can liquidate during the crucial holiday shopping season.


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