clock menu more-arrow no yes mobile

Filed under:

WHOMP. Three Sears Stores in Canada are Closing

Racked is no longer publishing. Thank you to everyone who read our work over the years. The archives will remain available here; for new stories, head over to, where our staff is covering consumer culture for The Goods by Vox. You can also see what we’re up to by signing up here.

Suburban Chicago-based Sears announced today that it's little buddy north of the border, Sears Canada is closing three stores by November this year. The profit gained from this sale of the centers in Vancouver, Ottowa, and Calgary is a hefty $172.3 million. That chunk right there which is the equivalent to the 2005 Sarasota County, Florida tax revenues is really going to bulk up Sears' starving coin purse. All this commotion comes as no surprise taking into account that Sears Canada's Q4 profit fell by more than half.
· Sears Canada to Close Three Stores [Financial Post]