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.
Search sponsored by:
Maxon’s Diamond Merchants owners Rick and Jane McElvaine in January plan to relocate from the Brentwood Center to a new building.
“I started with no working capital. My husband came back from Afghanistan and his job was gone, so he went back to Iraq for a year,” says Nanette Willis, owner of Sassy’s Goodies L.L.C. in …