sears canada

Sears Canada closing all stores and going out of business

After more than 65 years in business, one of Canada's most iconic department stores is shutting its doors for good.

Sears Canada announced today that it's applying for court approval to liquidate all of its remaining assets and stores by mid October.

This comes just a week after Sears announced they were closing more of their Toronto stores.

The beleaguered retailer had been seeking a buyer since June, when it filed for creditor protection, but according to the release "no viable transaction for the company to continue as a going concern was received."

A court hearing is scheduled for Friday. If the liquidation is approved, Sears will start a "wind-down" of all business on Oct. 19.

Lead photo by

Mike Kalasnik


Latest Videos



Latest Videos


Join the conversation Load comments

Latest in City

People spotting Toronto's fancy Roombas for cutting grass in parks are enthralled

Ontario just got hit with an earthquake and officials blame this mine

TTC workers are gearing up to go on strike and here's what you need to know

Here are the highest and lowest paying gig jobs at the City of Toronto right now

Yonge-Dundas Square renaming to Sankofa Square is about to become more official

A 7-kilometre stretch of the TTC subway will be closed for this entire weekend

Years of construction on major Toronto street set to extend even longer with new project

Toronto just got a beautiful new streetscape but oops it's already being torn up