Sears Canada Inc. announced that a joint venture group will be operating liquidation sales beginning this Thursday, Oct. 19 at the remaining Sears Canada department stores and Home stores.
This announcement comes after Sears Canada obtained an Order from the Ontario Superior Court of Justice on Tuesday Oct. 17 to liquidate 82 Stores (74 Department Stores and eight Sears Home). A full listing of closing locations can be found here.
Beginning today, customers can take advantage of discounts of up to 50 per cent off at department store locations and up to 30 per cent off at Home locations during the store closing sales.
Liquidation discounts will be available on all Sears own brands, including Kenmore, as well as brand name men's and women's apparel, children's wear, footwear, bed and bath, home décor, fitness and recreation, toys, furniture, mattresses, major appliances, hardware, luggage and more.
The joint venture group formed among Hilco Global (through its Canadian division, Merchant Retail Solutions, ULC), Gordon Brothers, Tiger Capital Group and Great American Group, has significant experience in Canada having operated several recent events for other retailers in Canada.
"We encourage consumers to shop early to take advantage of the best selection of products and great savings available throughout the stores while supplies last," said a spokesperson for the JV group.
The JV Group indicated that selected fixtures, furnishings and equipment in the closing stores will also be for sale and that Sears Canada gift cards will be honoured throughout the sale.
