Sears Canada will liquidate all remaining stores

By Laine Mitchell (Twitter: @Laine_Mitchell)
October 13, 2017 - 9:57am

It's the end of an era for one of Canada’s largest retail juggernauts with an Ontario Superior Court judge approving the liquidation of all Sears Canada’s remaining stores this morning. 

Founded in 1952, the company had been facing decades of declining sales as it struggled against online shopping and the lackluster attention of millennials. 

The shuttering of roughly 130 remaining Sears stores will result in thousands of layoffs, including six employees at the Sears Hometown Store in Drayton Valley.

Store owner Charlene Bohnet called the closings sick, and a sad thing for all the customers. 

 “It’s very, very sad. I am absolutely shocked and devastated, we are losing our jobs here. They ran the company into the ground,” said Bohnet. 

Sears Hometown stores are owned and operated by independent dealers. They sell Sears appliances and furniture, earning a commission on each sale.

The retailer giant had been operating under the Companies’ Creditors Arrangement Act since June.

It's expected that liquidation sales at retail locations will start no earlier than October 19 and continue for 10 to 14 weeks.

Large advance vote turnout in Drayton Valley

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