It’s the end of the road for one Canada’s prominent department store chain that has served communities across the nation for almost 65 years after a motion to liquidate its remaining 131 stores across Canada was approved by the Ontario Superior Court almost a week ago.
The move to liquid all of the franchise’s remaining stores and assets comes after Sears Canada failed to find a “viable” solution that would allow it to continue to stay in business while the company restructured itself.
“I am satisfied that there is no other viable alternative,” said Justice Glenn Hainey.
The retailer that still more than 12,000 employees working in its remaining 131 stores across Canada will close all its stores as the company undergoes a second liquidation process after it couldn’t find a way to stay in business. These include 74 full-line stores, 8 Sears Home stores and 49 Sears Hometown stores which are independently-owned but affiliated with the company.
According to the company, liquidation sales at Sears Canada stores nationwide could beginning as soon as this Thursday, 19 October 2017 and expected to continue for the duration of 14 weeks. However, some stores have already begun their sales as early as this Monday, 16 October 2017.
Below is a map of Sears Canada full line stores and Sears Home stores locations that will be closing as part of its liquidation as indicated in Court documents. Not included in the map are Sears Hometown stores which are independently-owned and are expected to undergo their own liquidation processes, according to the documents.
The locations that could be closed across Canada were noted in documents that were filed in the Ontario Superior Court of Justice on Tuesday with those same documents detailing the process by which Sears Canada has entered a second liquidation process after another one was completed on October 1.
Even before entering restructuring in June, the department store chain has been experiencing dwindling sales for the past few years as the brand was waylaid by growing debt and changing consumer tastes drawn to online shopping where the company still lags behind.
The demise of the once retail giant is not a surprise to industry watchers as noted by a Marketing Professor at Ryerson University’s Ted Rogers School of Management, Joanne McNeish.
“This is a company that had all the elements for success in e-commerce and squandered them all. I don’think it’s a complete surprise. We all kept expecting …the management team would step up and make some adjustments given the wonderful assets that this company had,” said McNeish.
She then pointed out how while other retailers had reinvested in their bricks-and-mortar operations and revamped their e-commerce offerings, Sears Canada instead sold off its assets in order to pay off creditors. And the chain has shuffled through a half-dozen CEOs since the recession of 2009.
“That kind of churn at the management levels causes people to cease to take action,” continued McNeish. “After the first one or two people start saying, ‘Well, they’re going to leave soon anyway.”
Another Marketing Professor at the University of Toronto’s Rotman School of Management, David Soberman, was in agreement with Ryerson’s Joanne McNeish pointing out that the company’s management never fully figured out how to address the problem and recent attempts to do so were rather too little and too late.
“Perhaps only in the last two or three years did they really make some efforts to renovate some of their major stores. This seemed to be having a positive effect but it’s a bit like closing the barn after the horse has already got away,” he said in an interview.
Listed below are stores and locations by province that are closing.
ONTARIO
2165 Carling Ave., Ottawa
200 Fairway Rd., Kitchener
221 Glendale Ave., St. Catharines
1250 St. Laurent Blvd., Ottawa
419 King St. W., Oshawa
3050 Howard Ave., Windsor
637 Lansdowne St. W., Peterborough
435 Stone Rd. W., Guelph
390 North Front St., Belleville
521 Bayfield St., Barrie
84 Lynden Rd., Brantford
1355 Kignston Rd., Pickering
945 Gardiner’s Rd., Kingston
1500 Fisher St., North Bay
25 Peel Centre Dr., Brampton
1349 La Salle Blvd., Sudbury
17600 Yonge St. N., Newmarket
999 Upper Wentworth St., Hamilton
1 Promande Circle, Vaughan
1350 16 St. E., Owen Sound
Unit Y005-75 Centennial Parkway N., Hamilton
1380 London Rd., Sarnia
300 Borough Dr., Scarborough
1067 Ontario St., Stratford
240 Leighland Ave., Oakville
1800 Sheppard Ave. E., North York
5100 Erin Mills Parkway, Mississauga
900 Maple Ave., Burlington
785 Wonderland Rd. S., London
880 Fort Willam Rd., Thunder Bay
Sears Home – 1035 Plains Rd. E., Burlington
Sears Home – Unit A-42 Caplan Ave., Barrie
Sears Home – 1-17700 Yonge St., Newmarket
Sears Home – 2685 Iris St., Ottawa
1629 Victoria St. E., Whitby
QUEBEC
500 Boulevard Wilfrid Hamel, Quebec City
2700 Boulevard Laurier, Sainte-Foy
3150 Portland Blvd., Sherbrooke
900 Boulevard Grignon, St. Jerome
500 Pierre Caisse St., St-Jean-sur-Richelieu
60 Evangeline, Granby
1195 Firestone Blvd., Joliette
4025 Boulevard des Forges, Trois-Rivieres
1200 Boulevard Alphonse des Jardins, Levis
2151 Lapiniere Blvd., Brossard
7451 Boulevard Les Galeries d’Anjou, Anjou
3003 Boulevard le Carrefour, Laval
7071 Boulevard Newman, Lasalle
401 Labelle Blvd., Rosemere
6901 Trans-Canada Highway, Pointe-Claire
100 Boulevard Brien, Repentigny
700 Boulevard Des Promenade, St. Bruno
5401 Boulevard des Galeries, Quebec City
BRITISH COLUMBIA
19705 Fraser Highway, Langley
2929 Barnet Highway, Coquitlam
943 Marine Dr., North Vancouver
3190 Shelbourne St., Victoria
4750 Kingsway, Burnaby
3199 Massey Dr., Prince George
45585 Luckaluck Wy., Chilliwack
4750 Rutherford Rd., Nanaimo
2271 Harvey Ave., Kelowna
1730 Guildford Town Centre, Surrey
4567 Lougheed Highway, Burnaby
Sears Home – 1405-2271 Harvey Ave., Kelowna
ALBERTA
109 Street and Princess Elizabeth Avenue, Edmonton
1616 14 Ave. N.W., Calgary
8770 170 St., Edmonton
Sears Home – Suite 500 – 3630 Brentwood Rd. N.W., Calgary
SASKATCHEWAN
1 Avenue and 20 Street, Saskatoon
Sears Home – 3015 Quance St., Regina
MANITOBA
1555 Regent Ave. W., Winnipeg
1225 A St. Mary’s Rd., Winnipeg
NEW BRUNSWICK
1325 Regent St., Fredericton
43 Champlain St., Moncton
NOVA SCOTIA
7001 Mumford Rd., Halifax
NEW FOUNDLAND & LABRADOR
48 Kenmount Rd., St. John’s
PRINCE EDWARD ISLAND r
167 Malpeque Rd., Charlottetown
Copyright © 2017 Manyika Review. All Rights Reserved.