The former head of Sears Canada says he had a solid plan to revive the insolvent retailer but felt constrained by a court restructuring process that seemed to favour liquidating the company’s assets over keeping it afloat.
Speaking publicly on Monday for the first time since Sears Canada was put into liquidation two weeks ago, Brandon Stranzl also responded to recent criticism from his former boss Eddie Lampert, the CEO of U.S.-based Sears Holdings and the largest shareholder of Sears Canada...
Sears Canada was on the road to recovery, says former executive chairman Brandon Stranzl, breaking his silence.
“Eddie [Lampert] once said, ‘we are not in the business of buying cheap suits. Unless I can buy a suit for 10 cents and sell it for 50 cents, I don’t want to buy cheap suits.'”
The Japanese-styled value retailer is planning to open hundreds of stores in Canada. What will that mean for the reigning homegrown dollar store king?
When Canada’s biggest department-store chain, Hudson’s Bay expressed an interest in franchising, Charles knew it was the right time for her to grow her company and that Hudson’s Bay was the right partner. After spending a year or so in the bidding process, Hudson’s Bay chose EvelineCharles—a win for both companies...
The 65-year-old retailer’s passing leaves behind questions for companies it did business with and competed against.