Sears Canada filed for bankruptcy early Thursday, making it the latest casualty of the crisis among traditional brick-and-mortar retailers. It’s also another sign of trouble for the iconic retailer.
Sears Holdings is shutting down another 40 stores as the once dominant player in retail struggles to survive in bankruptcy. Employees at 29 Sears and 11 Kmart stores were told Thursday their locations ...
Sears Canada has been granted creditor protection under the Companies’ Creditors Arrangement Act in a bid to restructure the business. Sears Canada Group has been authorized to obtain ...
The Sears Canada bankruptcy and planned sale has sparked a flurry of legal motions from shareholders, property owners and employees. Last week, the retailer secured approval to sell the company by an ...
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Former Sears boss says CEOs won’t challenge Trump’s tariffs out of ‘cowardice’—but the holidays are fast approaching, and ‘the party is over’
He expects many shelves at retailers will be empty this holiday season.
Sears Holdings Corp. will attempt to turn around its now-bankrupt business with even fewer stores by the end of the year. The onetime dominant force in retail will close 142 unprofitable or ...
Sears has steadily liquidated over the past decade. The previous incarnation of the company opened 2010 with more than 3,900 stores. A lot has happened since then: property sales; private brand sales; ...
Sydney is about to lose its Sears store. The furniture and appliance outlet and the catalogue parcel pickup centre will close on Oct. 25. Local manager Ed Beaton said the decision to close was made at ...
The notion of "some turnaround or some transformation" plan in place since then is "just plain bogus," contends former Sears Canada CEO Mark Cohen. Former Toys R Us CEO Gerald Storch says Sears has ...
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