Liquidation of the Sears Outlet location at Garden City Shopping Centre has begun. It will be the only Sears location in Winnipeg being liquidated.
An Ontario court has given the green light for Sears Canada stores to begin liquidation sales as early as Friday, July 21, 2017. The sales can run no later than October 12. As with all liquidation sales, expect discounts to increase as the October 12th closing date nears (it may even close earlier)
Sears Canada filed for 30-day court protection from creditors while it tries to revamp its business. The court authorized Sears Canada to obtain up to $450 million in financing to maintain operations.
In return, Sears Canada will have to close 59 stores which includes all 10 of its Sears Outlet stores across Canada. Approximately 2,900 jobs will be lost.