Sears Canada closes 59 stores, including 14 in Quebec
In addition to protecting itself against its creditors the company announced at 10:26 am this morning, through a press release, the closure of 20 department stores, 15 Sears Decor, 10 liquidation stores and 14 Sears appliance and mattress stores across the country due to its financial difficulties.
Approximately 2,900 positions will be eliminated throughout its retail network and headquarters in Toronto following this announcement.
In Quebec, 14 stores will close. This closure will affect Sears department stores in Hull, Chicoutimi, Saint-Georges, Alma and Drummondville, Sears Décor in Saint-Bruno, Laval, Quebec and Sainte-Foy, Sorel and Sears (appliances and mattresses) in Rimouski and Rouyn-Noranda.
Sears failed because it didn’t to adapt to the digital reality
The once mighty Sears, the same company who in years gone by innovated with the famous Sears catalog failed to get with the times and adapt to the new reality that is the digital world… Today’s consumer especially millennials just failed to connect with the big box store that once dominated retail sales. They are not the first to go by the way of the Dodo and they will not be the last. In todays business world it’s adapt or die .