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More than 300 Ottawans will be out of jobs from three local Sears stores after the company announced all its Canadian locations would close shop.
Sears Canada is seeking approval to liquidate its roughly 130 remaining stores and put 12,000 employees out of work across the country, including retail and distribution jobs.
The embattled department store retailer, which sought protection from its creditors in June, said Tuesday it had failed to find a buyer that would allow it to continue operating.
Ottawa’s locations include Sears at Carlingwood Mall, which has 133 employees; Sears Home Store at Pinecrest Mall, which has 36 employees; and a third location at St. Laurent Shopping Centre, which has 154 employees.
The liquidation sales would likely begin Oct. 19 and last between 10 to 14 weeks, said a spokesman.
Barry Nabatian, a market research analyst, said the jobs lost in Ottawa will likely be absorbed by other competing stores such as Marshalls, Walmart, and Loblaws.
“Those stores will do more business so they will be hiring some (former Sears employees), but not all,” said Nabatian.
So why couldn’t Sears Canada stay afloat?
Nabatian argued the store was too slow to adapt to the modern demands of shoppers, who insist not just on an attractive retail space but a seamless online shopping experience.
“(Sears Canada) woke up to the reality of the changing retail environment too late and they were not able to do things fast enough to make the necessary changes,” said Nabatian.
“It was basically a store for your grandparents to go shopping, and the millennials — and even some older people — they like to go to places like H&M and Forever 21 and those kinds of stores … it (Sears) just didn’t have that ‘attractiveness factor’ that new places have.”
The court overseeing Sears Canada’s operations is set to hear a motion Friday seeking approval for the liquidation and wind down of the business.
“The company deeply regrets this pending outcome and the resulting loss of jobs and store closures,” Sears Canada said in a statement on Tuesday.
— With files from Postmedia News
查看原文...
Sears Canada is seeking approval to liquidate its roughly 130 remaining stores and put 12,000 employees out of work across the country, including retail and distribution jobs.
The embattled department store retailer, which sought protection from its creditors in June, said Tuesday it had failed to find a buyer that would allow it to continue operating.
Ottawa’s locations include Sears at Carlingwood Mall, which has 133 employees; Sears Home Store at Pinecrest Mall, which has 36 employees; and a third location at St. Laurent Shopping Centre, which has 154 employees.
The liquidation sales would likely begin Oct. 19 and last between 10 to 14 weeks, said a spokesman.
Barry Nabatian, a market research analyst, said the jobs lost in Ottawa will likely be absorbed by other competing stores such as Marshalls, Walmart, and Loblaws.
“Those stores will do more business so they will be hiring some (former Sears employees), but not all,” said Nabatian.
So why couldn’t Sears Canada stay afloat?
Nabatian argued the store was too slow to adapt to the modern demands of shoppers, who insist not just on an attractive retail space but a seamless online shopping experience.
“(Sears Canada) woke up to the reality of the changing retail environment too late and they were not able to do things fast enough to make the necessary changes,” said Nabatian.
“It was basically a store for your grandparents to go shopping, and the millennials — and even some older people — they like to go to places like H&M and Forever 21 and those kinds of stores … it (Sears) just didn’t have that ‘attractiveness factor’ that new places have.”
The court overseeing Sears Canada’s operations is set to hear a motion Friday seeking approval for the liquidation and wind down of the business.
“The company deeply regrets this pending outcome and the resulting loss of jobs and store closures,” Sears Canada said in a statement on Tuesday.
— With files from Postmedia News
查看原文...
