YOUR BUSINESS AUTHORITY

Springfield, MO

Sears Canada going out of business, laying off 12,000

Posted online

Sears Canada announced yesterday it is going out of business and closing its remaining 150 stores.

The closures will mean 12,000 people losing their jobs, according to the Toronto Star.

Brandon Stranzl, the company's executive chairman, tried to save Sears Canada but his bid backed by Blackstone Group LP was unsuccessful.

Read more from the Toronto Star.

Comments

No comments on this story |
Please log in to add your comment
Editors' Pick

Meet SBJ’s 2018 Men of the Year

The 20 men will be honored during an August luncheon.

Most Read
SBJ.net Poll
How do you feel about restaurants eliminating plastic straws?

View results