11 OCT 2017: Sears Canada announced yesterday that it is going out of business, closing all operations nationwide and leaving 12,000 people out of work. Liquidation sales at stores are scheduled to begin Oct. 19 and to take 10 to 14 weeks.  

The company issued a press release stating, “Following exhaustive efforts, no viable transaction for the company to continue as a going concern was received.”

Sears Travel, however is not part of the Sears Canada Inc. closing. The Sears stores are part of TravelBrands and will now reportedly be rebranded as The Travel Experts, effective November 1.

 

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