Sears Canada

5 Years Since Sears Canada Shut All Stores [Retrospective]

Sears entered the Canadian market with stores and a popular catalogue business in 1952, and the end of the retailer had a profound effect on many, including mall landlords.

Brief: Decathlon Opens in Brampton, Boathouse Replacing Le Chateau at CF Toronto Eaton Centre

Other news: Decathlon opens in Brampton, Thom Browne under construction in Vancouver, Former Sears box at CF Richmond Centre demolished for redevelopment.

Former Sears Canada Demolished at CF Richmond Centre

The location is being demolished for the future Live at CF Richmond Centre project.

Cadillac Fairview to Redevelop Former Sears at CF Polo Park in Winnipeg Including EQ3 Flagship

The 260,000-square-foot space will be backfilled with a mix of retailers and other commercial uses.

Retail Vacancy Rates Jump Following Sears Canada Closure

Vacant Sears Canada space in Calgary pushed the city’s retail vacancy rate at the end of 2017 to more than twice the 10-year average.

How Sears Canada Could Have Been Saved: Expert

An industry veteran says he had a revolutionary plan to save the defunct retailer, though he was ultimately unable to get through to the company with a strategy.

Sears Canada Employees Face Options After Retailer Collapse

Thousands of former staff are examining their options, and some will find it easier than others.

Sears Canada Real Estate Presents Challenges and Opportunities

With Sears Canada having vacated millions of square feet of space, landlords will need to be creative at a time when department stores are on the decline.

Photos of the Day: Sears Canada Closes Remaining Stores

Sears Canada closed its last 32 Canadian stores on Sunday, January 14. It is expected to continue to make headlines into 2018.

2018 Canadian Retail Forecast [Analysis]

We’re predicting that this year will be one of highs and lows — Sears Canada will shutter, Nordstrom Rack will enter Canada, marijuana will be legalized, and plenty of other developments.

What’s Next After the Failure of Sears Canada?

Which apparel retailers will benefit from Sears Canada’s demise, and which apparel suppliers were affected by Sears Canada’s closure?

Sears Canada Tarnishes the Gold Standard of Pensions

It’s just the latest signal that employees and regulators should rethink their approaches to defined-benefit pensions.

Landlords Strategize to Fill Vacated Anchor Retail Spaces 

With Sears Canada and Target's shuttering, millions of square feet of retail space needs to be repurposed.

Sears Canada Seeks to Shutter Operations and Close All Stores 

The announcement will result in 12,000 job losses and millions of square feet to fill, though some landlords say there’s a silver lining to Sears Canada’s exit.

Sears Canada Announces 11 Store Closures

More job losses and real estate vacancies that will need to be filled, at a time when landlords are still struggling to tenant former Target spaces.

Sears Canada’s Most Valuable Real Estate [Analysis]

In anticipation of Sears Canada’s demise, we examine a number of the retailer’s most important locations, and look to the future as to what might replace them.

Sears Canada Launches New Off-Price Strategy [Feature]

The company is changing the course of its retail operations and as a result, Canada's off-price market will see Sears go head-to-head with HBC and TJX-owned banners such as Saks Off 5th, Winners and Marshalls.

Analysis: Sears Canada’s best remaining store locations

Sears Holdings announced on Wednesday that it may sell Sears Canada.

Macy’s won’t buy Struggling 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...

5 reasons why Sears should liquidate, ASAP

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...

Sears Canada executive salaries doubled last year, while thousands lost jobs

The top five executives at Sears Canada earned about $4.8-million in 2013, compared with about $2.4-million in 2012. During the same period, the company laid off over 2,200 workers. 

Sears Canada takes on lululemon with new, moderate-priced yoga and athletic wear

Sears Canada appears to be taking on Lululemon and other athletic wear competitors with the launch of PURE NRG Athletics, a line of performance clothing for active women seeking high-quality fashionable workout wear at moderate prices.   The PURE NRG Athletics line includes an assortment tank...

Sears Canada is ready to sell its 27 Quebec store leases

Sears Canada is reportedly interested in selling its 27 store leases in the province of Quebec. Sources say that these stores could be sold if Sears receives advantageous offers from landlords, similar to deals made in English Canada. Although Nordstrom...

Sears Canada lays off over 1600 employees & outsources tech jobs to IBM

Sears Canada has laid off over 1,600 employees, representing more than 7% of its entire workforce. Included in these layoffs are 283 warehouse jobs across Canada as well as 1,345 associate jobs at three customer call Centres in Montreal, Belleville...

Nordstrom to replace Sears at the Toronto Eaton Centre

As many of us expected, Nordstrom has announced that it will replace Sears at the Toronto Eaton Centre. It will open a 213,000 square foot, three-level store. Construction begins in March and the store is scheduled to open in the fall of...
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