sears canada toronto

Sears Canada to close 59 stores across the country

Sears Canada might have disappeared from downtown Toronto a few years ago, but now the department store's set to shut down 59 locations across the country as it re-structures.

As CBC News writes, Sears was granted creditor protection under the Companies' Creditors Arrangement Act from the Ontario Superior Court today. According to PwC (for those of us who need a refresher) this "allows financially troubled corporations the opportunity to restructure their affairs."

Accordingly, the ailing Sears Canada will close 20 full stores, 15 home stores, 10 outlets and 14 so-called hometown locations. It'll also let go of 2,900 employees.

Only one Toronto location will be affected, and it's the Sears Home store in Scarborough.

sear canada

The list of Sears stores closing.

Sears Canada has been trying to change up its image and woo shoppers into its department stores by launching a discount designer line called The Cut as well as an in-house line.

In Toronto's it's also operating a retail pop-up at 322 1/2 Queen St. W. right now.

Lead photo by

dehghanr


Join the conversation Load comments

Latest in Fashion & Style

Win a $500 DUER shopping spree

Black Market Vintage is closing its basement location on Queen West

10 new startup fashion brands in Toronto

Here are some cool things to look out for at Fashion Art Toronto 2019

People in Toronto are obsessed with gambling for shoes

There's a massive movie wardrobe sale in Toronto next month

Win a Fashion Art Toronto VIP experience

Drake shows off his $1 million outfit on YouTube