Sears Canada Inc SRSCQ

Consumer Cyclical Department Stores

Sears Canada Inc. (Sears) is a Canada-based multi-channel retailer company. The Company operates through merchandising segment. Its merchandising operations include the sale of goods and services through its retail channels, which includes its full-line, Sears Home, Hometown, Outlet, Corbeil Electrique Inc. (Corbeil) stores and its direct (catalogue/Internet) channel. Its services include home improvements, such as carpet and duct cleaning, installation and assembly of products purchased at Sears stores, custom window coverings, windows and doors, and heating and cooling; product repair services, such as servicing of items covered under Sears Protection Plan, cash calls, as well as in-warranty service for select Kenmore, Craftsman and national brand products, and protection agreements, such as single or multi-year coverage on appliances, electronics, vacuums, lawn and garden, fitness, and heating, ventilating and air conditioning, and accident protection for furniture and mattresses.

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Sears Canada Inc

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Post by kijijion Oct 30, 2016 6:50pm

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Post# 25403895

another store closing

Chatham store closing

Sears has been an anchor store in the downtown core for 35 years. Recently it was converted to an outlet centre, selling surplus items from the catalogue and other retail locations.

But it will close in October 2017, when the store’s lease expires.

In a statement issued to CTV News, Vincent Power of Sears Canada says the exit from Chatham is not at all due to the quality of the 56 employees.

Power adds they will look for opportunities to consolidate, and offer employment to workers interested in relocating for other positions within the company.

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