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Sears Canada lays off 700 employees
Sears Canada lays off 700 employees

Sears Canada lays off 700 employees

RETAILER NEWS - 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. 

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