Sears Canada Will Close 10 More Stores — Including 2 GTA Locations
Things keep getting worse for Sears Canada. In Spring 2017, Sears announced that it was closing 59 stores and that over 2,000 jobs would be affected. Fast forward to October 2017, the Toronto Star is reporting that Sears Canada will close 10 more stores, including the GTA’s CF Fairview Mall and Scarborough Town Centre locations. In total, 1,200 people will be affected by the store closures.
While Sears Canada is in turmoil, many are expecting that Sears will eventually be sold, but at this point, there doesn’t seem to be too many interested parties.
We will keep you posted when liquidations begin.