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Sears Canada Inc. was a publicly-traded Canadian company affiliated with the American-based Sears department store chain. In operation from 1952 until January 14, 2018, and headquartered in Toronto, Ontario, the company began as Simpsons-Sears—a joint venture between the Canadian Simpsons department store chain and the American Sears chain—which operated a national mail order business and ...
Sears Canada's difficulties continued throughout the 2010s; the company filed for creditor protection in June 2017, [28] forcing it to put all its stores in liquidation by October that year. [29] On January 14, 2018, Sears Canada went out of business and permanently closed all its remaining stores, succumbing to the same fate as Eaton's had 19 ...
Polymer Corporation – sold to NOVA Corp and then Bayer AG. Radio Shack (Canadian division) – electronics store. Seagram – spirits and wine. Target Canada – closed because of a $2.1 billion loss for Target Corporation. Terra Transport. Towers Department Stores – department store chain; acquired by Zellers.
The latest closures were announced to employees on the same day that Sears Canada, which was spun off from Sears Holdings in 2012, revealed that it would be closing a quarter of its stores — 59 ...
December 10, 2023 at 2:30 AM. To the casual shopper, Sears, one of America’s oldest retailers, may appear to be on life support. The department store chain that once reinvented how Americans ...
Further closures were then announced: on June 6, 2017, 72 Sears stores, [247] on June 23, 18 Sears and 2 Kmart stores, [248] with more to come per the CEO's blog post. [249] The Canadian subsidiary, Sears Canada, successfully petitioned the courts on October 13, 2017, to allow it to close down the entire organization, including 130 stores, and ...
List of Canadian retail closures (21st century) Throughout the 21st century, retail businesses in Canada have felt the pressures of foreign store expansions into the country, as well as a shift towards online retail. As a result, closures have been a mix of stores unique to the nation, as well as newcomers like Target Canada .
Sears Holdings Corporation was an American holding company headquartered in Hoffman Estates, Illinois. It was the parent company of the chain stores Kmart and Sears and was founded after the former purchased the latter in 2005. [ 7] It was the 20th-largest retailing company in the United States in 2015. [ 8]