“I’m one of the reasons they have gone downhill. I shop a lot online — Amazon is my favourite retailer,” said one bargain hunter (Hollie Shaw, Financial Post)
Sears Canada will pay a final $2.8 million in retention bonuses to 36 head office staff, even though the retailer’s restructuring efforts failed and the company is closing its remaining 130 stores.
Sears Canada begins its liquidation sales at its stores across the country as it prepares to shut its doors for good after 65 years. A Sears Canada spokesman says customers can expect deep discounts of up to 50 per cent off at its 74 department stores, and up to 30 per cent off at its eight Home stores. Liquidation sales at its 49 Sears Hometown stores are due to start today, or shortly, but discounts there will vary, the spokesman adds. The sales are expected to last between 10 to 14 weeks.
Last chance to shop at what will soon be a part of Canadian retail history.
According to several accounts, Sears sales representatives told buyers the warranties belonged to separate company.