Sears Canada Looking To Liquidate All Remaining Stores
Sears Canada is back in court to get approval to liquidate all remaining stores and it’s assets.
A statement from the company today said “Sears Canada, with the recommendation of its advisers and approval of the Monitor, FTI Consulting Inc., is seeking an order to commence a liquidation that would result in a wind-down of its business following court approval,”
The release went on to say that they are regretful on the pending outcome and the closures of the stores and the loss of jobs.
As approval seems likely, Sears expects to start liquidation sales at retail locations October 19, and go for close to three months.