sears canada

Jim and Tiffany Kelly

Retail Apocalypse Spreads North: Sears Canada Files For Bankruptcy

The same factors hurting department stores and Sears stores in particular are affecting retailers north of the Canadian border as well: Today Sears Canada announced that it’s applied for creditors protection, the equivalent of Chapter 11 bankruptcy, and plans to reorganize and shed some of its current stores. [More]

Sears Canada Offers Criticism Of Target Canada, Discount And Jobs To Workers

Sears Canada Offers Criticism Of Target Canada, Discount And Jobs To Workers

Last week, Target announced that it is fleeing Canada, giving up on its ill-fated expansion and closing all 133 of its poorly-stocked stores that nobody wants to shop in. An unlikely source has publicly offered support to Target employees who are about to lose their jobs: quasi-competitor Sears Canada. [More]

Sears Circles Back Around To Idea Of Selling Sears Canada Stake

Sears Circles Back Around To Idea Of Selling Sears Canada Stake

Sears Holdings Corporation first started whispering that it might spin off or sell its stake in Sears Canada a few years ago, when the company first started publicly naming parts of itself that it could sell for cash. Since then, Hometown and Outlet stores are thriving as a spun-off company, so why not Sears Canada? [More]