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Sears Canada to Liquidate

Posted: October 10th, 2017, 12:34 pm
by wnetmacman
The story says it all. Wonder if we're next.

https://seekingalpha.com/news/3300238-s ... email_link

Re: Sears/Kmart Death Watch 2017

Posted: October 10th, 2017, 4:24 pm
by Brian Lutz
Looks like the end for Sears (in Canada, at least):

http://www.msn.com/en-us/money/companie ... ar-AAth2FM

All Canadian Sears stores are closing.

Re: Sears Canada to Liquidate

Posted: October 11th, 2017, 8:17 pm
by storewanderer
Maybe Sears Mexico will stay in business long term. It appears to be healthy.

Re: Sears Canada to Liquidate

Posted: October 18th, 2017, 6:47 pm
by klkla
storewanderer wrote: October 11th, 2017, 8:17 pm Maybe Sears Mexico will stay in business long term. It appears to be healthy.
Probably because they are not owned by Mr. Lambert. They are owned by Carlos Slim (Mexico's richest man and one of the richest in the world).

Re: Sears Canada to Liquidate

Posted: October 19th, 2017, 8:16 am
by SamSpade
klkla wrote: October 18th, 2017, 6:47 pm
storewanderer wrote: October 11th, 2017, 8:17 pm Maybe Sears Mexico will stay in business long term. It appears to be healthy.
Probably because they are not owned by Mr. Lambert. They are owned by Carlos Slim (Mexico's richest man and one of the richest in the world).
He also owns Sanborns in Mexico, right?

Re: Sears Canada to Liquidate

Posted: October 19th, 2017, 10:51 am
by klkla
SamSpade wrote: October 19th, 2017, 8:16 am He also owns Sanborns in Mexico, right?
Yes, through Grupo Carso. They Sears MX, Sanborns, and Saks 5th Ave. among others.

Re: Sears Canada to Liquidate

Posted: October 25th, 2017, 9:32 am
by SamSpade
Apparently Canadians aren't as used to "going out of business" liquidator sales as U.S. customers.
Press about rapidly deteriorating store conditions, despite discounts only being 20% to 50% off tags (although it is Business Insider :| )
http://www.businessinsider.com/sears-cl ... os-2017-10