Sears Canada lays off 700 employees
ChainStoreAge.com - Feb 4th 2013, 08:32
New York -- Sears Canada is letting go of 700 workers as part of a plan to "right-size" the operation.
The lay-offs will include 360 department store associates and about 300 distribution center workers, as well as some head office personnel.
Sears Canada, majority-owned by Sears Holdings Corp., has falling sales. It is also facing major competition by Wal-Mart Stores and Target, which is set to make its Canadian debut this spring.
Canada's Hudson's Bay is fishing for young fashionistas
11/09/2019 - 10:39
When Sears Canada announced it was closing all of its stores in 2017, Hudson’s Bay Co (HBC) saw an opportunity: HBC’s Canadian department store chain would swoop in and snatch Sears’s customers. Managers gradually added mid-price apparel to stores from Nova Scotia to British Columbia and waited for sales to take off.
The retail apocalypse will claim 4,300 stores this year - Here's why mall giants aren't freaking out
05/03/2019 - 14:19
More than 4,300 department stores are set to close this year as the retail apocalypse rips through Payless ShoeSource, Gymboree, JCPenney, Gap, Victoria's Secret, and Sears. But one Wall Street analyst says mall giants should easily weather these closures.
Walmart Canada invests $175m to modernise Canadian stores
16/10/2018 - 10:05
Walmart Canada will invest $175 million to renovate and refurbish 23 stores across Canada, as the retailer seeks to improve the integration between its e-commerce business and its physical stores.
Sports Direct snaps up struggling House of Fraser in £90m deal
14/08/2018 - 10:23
House of Fraser, the Chinese-owned UK department store chain, entered administration only to be swiftly snapped up by retailer Sports Direct for £90m.
Liberty and L2D’s Stuttafords hangover is nearly over — now for Edcon
30/05/2018 - 11:59
South African landlords have let most of the space vacated by the defunct department store, and Liberty and L2D are in talks with Edcon, which is ‘rationalising’ its leases.