Sears Canada

Macy's won't buy Sears Canada, according to a Macy's spokesperson. Speculation arose that Macy's would buy Sears Canada, after Sears revealed that it's considering selling its Canadian operations. Other purchasers are possible and although Sears Canada continues to occupy some valuable retail space, most of its best store locations have already been divested...

By Steven P. Dennis

As a former Sears senior executive I’ve followed the once mighty brand’s journey from mediocrity to bad to just plain sad. What a long strange trip it’s been.

When I left in late 2003 we were gaining traction in our core full-line department store business and piloting several important growth initiatives. To be fair, whether we could pull off the necessary transformation was highly questionable. But one thing is now certain. The subsequent actions taken under a decade of Eddie Lampert’s leadership have assured the retailer’s demise...