Sears Canada files for creditor protection
Sears Canada is filing for creditor protection as it faces financial setbacks much like its US counterpart, whose store in a nearly empty Westfield Meriden shopping mall is shown here in Meriden, Connecticut (AFP Photo/SPENCER PLATT)/ Montreal (AFP) - Sears Canada filed for court protection from creditors Thursday as the onetime retail giant seeks to adapt to a changed business landscape and tougher online competition. The company also announced it was shutting 59 stores and laying off 2,900 staff at corporate headquarters in Toronto and ...
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