Sears Canada To Close Even More Stores


sears-canada-closing

Struggling for years now, Sears Canada has decided to downsize once again. Back in 2012, Sears sold three stores in Vancouver, Calgary, and Ottawa back to the landlord for $170 million. In the summer of 2013, the company announced that it also sold leases at the Yorkdale and Square One malls back to the landlord for $191 million. Later that same year, Sears Canada announced the closure of another five stores including its flagship in the Toronto Eaton Centre (pictured above on its last day), 3 other stores in Ontario, and one in Richmond, BC.

In an effort to cut costs, Sears Canada will be focusing more on mall-based department stores as a destination for home products instead of the full-fledged stores. Brandon Stranzl, the executive chairman of Sears Canada, is determined to turn around its core business and focus on luring younger consumers with new styles and new store layouts. He, along with Carrie Kirkman, Sears’ newest president, will attempt to improve the state of some of Sears’ stores.

Sears Canada currently has 8 outlet locations, 40 home stores, and 95 traditional full-sized department stores.

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2 responses to “Sears Canada To Close Even More Stores”

  1. CC says:

    Sears is just sad..

    There’s still a Sears at my local mall and it actually has decent foot traffic as they carry a lot of brands that not many other stores carry. But the store just looks so run down and the staff look like they don’t want to be there. And targetting a younger crowd? I just don’t see that ever happening.

  2. Ed says:

    Sears was a great family store. They carried double knee clothes for kids that lasted as they grew. They had reasonably priced restaurants where family could get lunch or supper while shopping and not break the bank. They had swing sets, sporting goods, Televisions. I could buy tires, get an oil change etc.. But these days they only want to sell what has the largest margin of profit and have little concern that doing away with some of the reasons people came to Sears was the beginning of their downfall. Sears use to be our go to place. Now if my wife wants to there and look at clothes, I just wait in the car. You want to make a come back? Get rid of the loan shark credit cards and return to being family friendly. Sell products that are good quality at affordable prices. High price items has limited client base. Bring back the restaurants, even if you lease them to someone else. I hate food court food. Bring back the hustle and bustle that was Sears. Better ideas are targeting your former clients with things that made them loyal in the first place.


















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