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Sears Canada to Close 11 Additional Stores

Sears Canada to Close 11 Additional Stores

By Simon Hung

Sears Canada will face an even steeper uphill battle in their quest to return to prominence, as the company has announced the closures of another 11 stores, including four full-line department store locations in Ontario.

These 11 stores are slated to close in the coming months and will impact approximately 1200 employees. We’ve listed all 11 store locations below, sorted by province.

British Columbia

Manitoba

Newfoundland and Labrador

Ontario

Quebec

Sears Canada will now close a total of 70 stores and cut approximately 4100 jobs, with this latest announcement coming two days before most of the 59 previously-announced store closures were scheduled to be completed.

Two stores included with this new round of closures -- Fairview Mall and Scarborough Town Centre -- seem somewhat odd, as both stores were undergoing renovations at the time of the announcement and their closures will mark the complete departure of Sears from the Toronto market.

In addition, the company will be seeking a stay period extension until November 7, which allows them to operate their retail and online stores normally while continuing their restructuring efforts. Back in July, the company was granted a stay period extension until October 4.

The future does seem grim for the once-flourishing department store -- according to HRC Retail Advisory CEO Antony Karabus, Sears Canada has been in decline for the past 16 years, with sales of $2.6 billion in 2016 compared to $6.7 billion in 2001. There have been no successful bids thus far to acquire the company and their decline comes amidst stiffer competition from retailers like Walmart and the rise of online retailers like Amazon.

Exact closure dates are unknown at this time, but expect to see liquidation sales across the entire store at these 11 locations, with discounts increasing as we approach their final day of business.

13 Comments

    • The future of Sears is looking bleak...
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    • I didn't think it was even a question at this point that they would be completely dead within a year. The renovations they did in the Oshawa store managed to make it look worse.
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    • Company is toast I think...
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    • I am hoping to get some good deals at the Scarborough and Fairview locations.
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    • The Saskatoon one needs to hurry up and die so we can get some fresh stores not currently in the province. Regina just got an H&M, the first in the province. Reddit has rumours about H&M and Forever 21 optioning the space if Sears vacates.
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    • They are still opened...I guess people still go there so they can relive the 1980's.
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    • This isn't good. I am actually starting to like the new marketing approach with their clothing lines and so far the stuff I ordered were actually good and priced pretty good.
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    • they have the worst customer service when picking up or returning anything at the customer service desk. also, i recently found out even if you return online purchases at the stores, even though they give you a credit note, money is actually not returned back to your credit card. me being trustworthy of sears, threw away the returns slip and so can't argue and proove the money wasn't returned to my credit card. so be careful when returning online purchases. don't throw away the credit note until you actually see the money back onto your credit card
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    • They are closing the main retail centers of their enterprise. It isn't the big mall outlets that are killing Sears it is their mom and pop shops that retail only one or two items store wide. I know of one that is 90% appliances and another that is 90% furniture. These are specialty shops and are in high competition retail outlets. You can get better prices at their competitions storefronts. It is these mom and pop storefronts that have given limited shopping venues for consumers and less reason to darken their doors.
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    • There is a Sears outlet in Grande Prairie Alberta to die for. If every town of 80 to 100 thousand population had a store like GP, Sears wouldn't be in the pickle they find themselves in.
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    • Seems like its gonna be tough
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    • Sears Canada, It was always disappointing they didn't carry the choices in Tools as the American stores. I've purchased several Craftsman brand tools through out the years, but would only purchase when they were on special. Their regular prices on a lot of their tools were just too high compared to other quality tool brands. I also found their clothing was over priced on most items. Jeans, shirts and shoes could all be purchased at competitors store for less price and similar quality. I hope Sears Canada is successful at their restructuring efforts.
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