Sears Canada Going Out of Business

Sears Canada Inc. will be applying to the Ontario Superior Court of Justice for approval to liquidate all of its remaining stores and assets. The court is expected to hear the motion later this week. Pending approval of the court, it is expected that liquidation sales at retail locations would commence next week and continue for 10 to 14 weeks. Sears Canada filed for protection under Canada’s Companies’ Creditors Arrangement Act in June. The…
National Commercial Real Estate News From CoStar Group

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