Friday, April 10, 2026
ADVT 
National

Sears Canada Closes Its Final Stores After Months-Long Liquidation

The Canadian Press, 15 Jan, 2018 12:15 PM
    The few remaining Sears Canada stores closed their doors for good on Sunday.
     
     
    The longtime staple of Canada's retail landscape declared bankruptcy last year and announced in the fall that it would liquidate its remaining stores, leaving 15,000 people out of work.
     
     
    Sales began in October, and only a fraction of the retailer's locations across Canada remained open to the bitter end.
     
     
    The chain's closure sparked a number of controversies.
     
     
    Sears Canada planned to dole out millions of dollars in retention bonuses to head office staff, while grappling with a more than $260-million shortfall in its pension plan.
     
     
    The company originally wanted to pay a total $7.6 million to 43 top employees, but revised that to a total of $6.5 million to 36 employees after a backlash.
     
     
    An Ontario judge approved the reduction, but some employees argued it was still too much money given the company was also facing a 19 per cent pension plan funding shortfall, meaning employees would likely see a similar cut to their benefits.
     
     
    And a plan by executive chairman Brandon Stranzl that would see the company continue to operate was rebuffed in favour of liquidation, prompting further questions about whose interests were being prioritized.
     
     
    Sears Canada's closure follows in the footsteps of other big-box retailers in Canada, including Target and Zellers.

    MORE National ARTICLES

    Calgary Mom's Conviction In Son's Death Should Be Tossed Due To Delay: Lawyer

    Calgary Mom's Conviction In Son's Death Should Be Tossed Due To Delay: Lawyer
    CALGARY — The lawyer for a Calgary woman found guilty in the death of her son from a strep infection says the conviction should be overturned due to unreasonable delay.

    Calgary Mom's Conviction In Son's Death Should Be Tossed Due To Delay: Lawyer

    London, Ont. Baby Girl Suffered Multiple Organ Failure After Hot Tub Birth: Case Study

    London, Ont. Baby Girl Suffered Multiple Organ Failure After Hot Tub Birth: Case Study
    LONDON, Ont. — A team of doctors says the case of a baby girl who went into multiple organ failure after being born underwater in a hot tub highlights the risks of such births.

    London, Ont. Baby Girl Suffered Multiple Organ Failure After Hot Tub Birth: Case Study

    Man Accused Of Killing Parents, Sister, 'Couldn't Fathom' Why They Were Targeted

    Man Accused Of Killing Parents, Sister, 'Couldn't Fathom' Why They Were Targeted
    RED DEER, Alta. — A central Alberta man accused of killing his parents and his sister told police he couldn't understand why anyone would harm them.

    Man Accused Of Killing Parents, Sister, 'Couldn't Fathom' Why They Were Targeted

    Young Vancouver Woman Charged In West End Homicide

    Young Vancouver Woman Charged In West End Homicide
    Second degree murder charges have approved against 20-year-old Brooklyn Golar from Vancouver, in relation to the October 13, 2017 murder of Marline Mars, a 34-year-old Vancouver resident. 

    Young Vancouver Woman Charged In West End Homicide

    Laura Babcock Killed For Being Odd Woman Out In Love Triangle, Court Hears

    Laura Babcock Killed For Being Odd Woman Out In Love Triangle, Court Hears
    A Toronto woman who vanished five years ago was murdered — and her remains burned — for being the odd woman out in a love triangle, court heard Monday.

    Laura Babcock Killed For Being Odd Woman Out In Love Triangle, Court Hears

    Fraud Suspect Targets Elderly: Delta Police Secure Charges And Seek Other Victims

    Initially the suspect approached the elderly female in the lobby of her apartment located in the 7600 blk of 119 A Street in North Delta. The reported offences took place over several months during 2015.

    Fraud Suspect Targets Elderly: Delta Police Secure Charges And Seek Other Victims