Sears Canada Stores are Closing! Liquidation Sale Begins Thursday, October 19

Sears Canada Wins Court Approval to Liquidate Remaining Stores
Hilco Global, Gordon Brothers, Tiger Capital Group and Great American Group to Liquidate All Inventory at Closing Canadian Sears Department Stores and Home Stores
TORONTO, Oct. 19, 2017 /CNW/ – Sears Canada Inc. (“Sears Canada” or the “Company”) announced today that a joint venture (“JV”) group will be operating liquidation sales beginning this Thursday, October 19, 2017, at […]

Sears Canada Wins Court Approval to Liquidate Remaining Stores

Sears Canada Wins Court Approval to Liquidate Remaining Stores
Sears Canada Inc. received court approval to begin liquidating its stores as the insolvent retailer moves to wind up 65 years of business after failing to adapt to changing consumer tastes.

The Toronto-based chain’s plan to begin selling off its inventory on Oct. 19 was approved by Justice Glenn Hainey in Ontario Superior Court of Justice on Friday. […]

Sears Canada Liquidation Sales Begin At 54 Locations Nationwide

Sears Canada Liquidation Sales Begin At 54 Locations Nationwide

TORONTO — The liquidation sales at 54 Sears Canada Inc. locations began Friday, a process the company hopes will help it emerge from creditor protection later this year. The process includes 20 full-line, 15 Sears Home, 10 Outlet and nine Hometown locations in every province except Prince Edward Island. The sales are being run by a joint […]

Gymboree closing 350 stores

Gymboree closing 350 stores
Company says move will help it emerge from bankruptcy

Gymboree, the bankrupt children’s clothing retailer, has announced it will close 350 stores following what it calls “a comprehensive evaluation of its retail footprint.”

The review was called for under its court-supervised financial restructuring. Company officials say maintaining a smaller number of stores, in the most profitable locations, will enable the retailer to get back […]

How to Close a Store

How to Close a Store
Where the clothing, mannequins, and hangers go when the lights shut off.
BY ELIZA BROOKE MAY 18, 2017, 10:17AM EDT

“Free hangers,” said the sign in the window of American Apparel on Brooklyn’s Smith Street. The doors were locked and nobody was inside, though a few fluorescent light fixtures glowed on the bare walls. Someone had left an iced coffee to melt […]