Loblaws is cutting jobs Monday in order to contain costs, according to an internal memo obtained by the Star.
Sears Canada also confirmed that it will not be able to honour its existing extended warranties on big-ticket products once the liquidation sale begins.
Shares hit six-week low with some analysts attributing the drop to rival Nordstrom’s failed attempt to go private.
Sears Canada Inc. says executive chairman Brandon Stranzl has resigned from its board of directors following court approval last week for the retailer to begin its liquidation sales. The company says his services are no longer required. Sears Canada has been operating under court protection from creditors since June...
The status of the retailer's appliance repair service is also in doubt.