Tuesday, 13 June 2017

Sears Canada Might Close

The company doesn't have enough cash to cover operations for the year, and hasn't been able to get the full amount of the loan they were looking for.

A couple of months ago, Sears Canada made a statement that they were in doubt the company could go on.

Due in large part in the shift towards online shopping, Sears Canada hasn't made a profit in 3 years. They are considering restructuring or selling the company.

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