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.
- Burnaby -- Sears Department Store, Brentwood Town Centre
- Kelowna -- Sears Department Store, Orchard Park Shopping Centre
- Kelowna -- Sears Home Store, Orchard Park Shopping Centre
- Nanaimo -- Sears Department Store, Nanaimo North Town Centre
- Winnipeg -- Sears Department Store, Polo Park
Newfoundland and Labrador
- St. John's -- Sears Department Store, Avalon Mall
- Hamilton -- Sears Department Store, Lime Ridge Mall
- Oakville -- Sears Department Store, Oakville Place Mall
- Scarborough -- Sears Department Store, Scarborough Town Centre
- Toronto -- Sears Department Store, Fairview Mall
- Pointe-Claire -- Sears Department Store, Fairview Pointe-Claire Mall
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.