Sears Canada to begin liquidation process in Red Deer

The closing sales begin on July 21 at 54 stores across the country.

Sears Canada Inc. was recently given the go ahead by the Ontario Superior Court of Justice to being liquidating assets from 54 stores slated to close.

The liquidation process begins on July 21 and can go no later than Oct. 12 of this year according to the court order.

The 54 stores closing, which include 20 full-line stores, 15 Sears Home stores, 10 Outlet stores and 9 Hometown stores, will offer steep discounts on all merchandise.

According to a press release issued by Sears Canada Inc. on July 21, discounts between 20-50 per cent will be available on brand name men’s and women’s apparel, children’s wear, footwear, bed and bath, home décor, fitness and recreation, toys, furniture, mattresses, major appliances, hardware, luggage and more.

The discounts will also be placed on brands such as Kenmore and other well-known national and international designer brands.

Hilco Global, Gordon Brothers, Tiger Capital Group and Great American Group will be managing the liquidation sales of all inventory at closing stores while the owners of Sears Hometown Stores will conduct their own closing sales.

“We encourage consumers to shop early to take advantage of the best selection of products and great savings available throughout the stores while supplies last,” said Gary Epstein, a spokesperson for the JV group managing the sale process.

During the sale select fixtures, furnishings and equipment in the closing stores will also be for sale.

Gift cards for Sears will still be honoured during the time of the sale.

The JV group chosen to operating the closing sales has operated several other liquidation events in recent years including Target Stores.

 

Just Posted

Photos: Grade Two class creates holiday scenes

Steffie Woima students worked on their Christmas tree projects Dec. 15

Christmas spirit alive at Steffie Woima

Students at Steffie Woima performed in Christmas concerts throughout the week

RCMP lay 34 charges in stolen vehicle operation

Red Deer RCMP arrest 13 people in four-day covert stolen vehicle operation last week

Lakers win close home opener

The senior girls’ Lakers beat the Lacombe Rams 58-52, Dec. 12

Red Deer RCMP investigate Oriole Park home invasion

RCMP believe it was a targeted home invasion, targeting wrong residence

Firefighter dies, thousands more take on California blaze

This is second death linked to the Thomas fire, northwest of Los Angeles

Missing Alberta man could be headed to Victoria

Police in Alberta say Vernon “Allan” Pickard has not been heard from since late November

Cineplex charges extra at some Star Wars screenings

Fans are getting a surprise twist at the box office with extra $1 charges for assigned seating

FCC votes along party lines to end ‘net neutrality’

Move rolls back restrictions that keep big providers from blocking services they don’t like

5-year anniversary of Sandy Hook shooting

When just saying ‘I’m from Newtown’ can be a cross to bear

Disney buying part of 21st Century Fox in $52.4B deal

Disney is buying a large part of the Murdoch family’s 21st Century Fox for about $52.4 billion

Bountiful polygamist believed he couldn’t be prosecuted: lawyer

Winston Blackmore’s lawyer says Blackmore did not believe he could be prosecuted

Woman charged after altercation injured baby in Toronto

Charges have been laid after a four-month-old baby girl was critically injured in Toronto

Most Read