tears for sears canada

Jim and Tiffany Kelly

Bankrupt Sears Canada Asks Court For Permission To Liquidate, Shut Down

Like its American cousin, Sears Canada is in financial trouble. Unlike Sears Holdings, it doesn’t have a vast real estate portfolio that it can sell to raise cash. To that end, the company announced today that there is no way to keep the business going, and it will close all stores and liquidate. [More]