TORONTO — Sears Canada is closing up shop, announcing Tuesday that it is seeking court approval to close all of its stores across the country and lay off about 12,000 employees. Sears' clearance section offers a wide variety of discounts on goods for your home. Sears Canada's closure follows in the footsteps of other big-box retailers in Canada, including Target and Zellers. Sears Canada is closing: Introduction It is the end of a Canadian retail symbol. While a competitor closing a store can free up market share for rivals, it also hurts the overall health of a shopping center. TORONTO, Nov. 30, 2017 – After 64 years of operations in Canada, dating back to 1953 when it began as Simpsons-Sears Ltd. – most of those as one of the country’s leading and iconic retailers - Sears Canada Inc. recently announced that it is liquidating and shutting its doors for good. 0:47 Sears Canada closing after … Advertiser Disclosure: ECanadaNow is committed to rigorous editorial standards to provide our readers with accurate information.We may receive compensation when you … All remaining Sears Canada stores will close their doors for good on Sunday, including 17 in Ontario. Sears Canada is closing every one of its remaining 130 stores. As Sears quietly disappears, more mall anchor spaces go dark. Deals on clearance apparel allow you to find the best clothes at discounted prices. Related articles As stores close, … After 65 years of business in Canada, Sears Canada is closing. One of Canada's biggest retailers is showing signs of trouble. Choose from clearance items online from top brands you know and trust. Sears Holding was Sears Canada's parent company until 2012, when the Canadian branch spun off. Related: Sears Canada warns it is running out of cash and may close. Sears Canada is a multi-channel retailer with a network that includes 159 corporate stores, 125 Hometown stores, over 1,200 catalogue and online merchandise pick-up locations, 84 Sears Travel offices and a nationwide repair and service network. WATCH: Sears Canada will be closing its remaining stores in the country after a court granted its motion to liquidate.
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