Sears Canada

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Sears Canada Inc. was a publicly traded Canadian company affiliated with the American-based Sears department store chain. In operation from 1952 until 2018 and headquartered in Toronto, the company began as Simpsons-Sears—a joint venture between the Canadian Simpsons department store chain and the American Sears chain—which operated a national mail order business and co-branded Simpsons-Sears stores modelled after those of Sears in the U.S. After the Hudson's Bay Company purchased Simpsons in 1978, the joint venture was dismantled and Hudson's Bay sold its shares in the joint venture to Sears; with Sears now fully owning the company, it was renamed Sears Canada Inc. in 1984. In 1999, Sears Canada acquired the remaining assets and locations of the historic Canadian chain Eaton's. From 2014, Sears Holdings owned a 10% share in the company. ESL Investments was the largest shareholder of Sears Canada. Sears Canada operated 125 full-line department stores at its peak. In 2016, Sears Canada had a network that included 140 corporate stores (including full-line, Sears Home, and Sears Outlet stores), 71 Hometown stores, over 900 catalogue and online merchandise pick-up locations, 69 Sears Travel offices, and a nationwide repair and service network. The company also published a general merchandise catalogue until the last quarter of 2016 and offered shopping online at sears.ca until October 19, 2017. After filing for creditor protection in June 2017, Sears Canada announced it would close 20 full-line locations, 15 Home stores, 10 Outlet stores, and 14 Sears Hometown stores. The closings resulted in 2,900 employee layoffs. These stores officially closed on Sunday, October 1, 2017. In September 2017, Sears Canada announced the closing of 10 additional stores, in addition to the 59 store closings previously announced in June. On October 10, 2017, Sears Canada announced that it would seek court approval to shutter all...