Sears Will Close Saint John Store, Ones in Moncton and Fredericton Will Remain Open
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Sears Canada has announced that 20 “full-line” stores will close across the country, including the ones in Saint John and Bathurst.
It will also close 15 “Sears Home” Stores, 10 “Sears Outlet” and 14 “Sears Hometown” locations, as well as a corresponding planned reduction in its workforce of approximately 2,900 positions across its retail network and at its corporate head office in Toronto.
The stores in Fredericton and Moncton will remain open.
Earlier today, it was announced that Sears Canada is seeking court protection from its creditors in order to restructure its business.
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