Sears Canada has officially been granted approval to begin the liquidation process of all its remaining stores.
The company announced earlier this week that it had planned to file a motion with the Ontario Superior Court in order to close all remaining store locations after efforts to restructure the ailing brand failed.
This motion will leave the last 12,000 Sears employees out of a job, and see all remaining 130 Sears stores across Canada -- including 74 full-brand stores, 8 Sears Home stores, and 49 Sears Hometown stores close their doors for good.
Sears stated in a press release earlier this week, that once court approval was granted, liquidation sales would begin no earlier than October 19 and were expected to last through the holiday season, for 10 to 14 weeks, with sales finishing no later than January 21, 2018.
This announcement sees the end of Sears Canada, which entered the Canadian market in 1952 (as Simpsons-Sears) and was once a favourite of Canadians for its appliances, mattresses, and tools, as well as the famous Sears Catalogue and Holiday Wish Book.