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

Hundreds of people line up for opening of new IKEA in downtown Toronto

This Toronto vintage store co-owner makes hilarious videos about streetwear history

Toronto 21-year-old starts small business while recovering in the hospital

Toronto HR worker's side hustle makes it to one of Canada's biggest retailers

Major retail stores open and closed on Victoria Day 2022 in Toronto

Toronto man that started up brand to cope with depression keeps selling out

Popular North American clothing brand is opening its first Toronto store

This Toronto man left his career to make artisanal soap full time