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Sears Canada Inc. was a publicly-traded Canadian company affiliated with the American-based Sears department store chain. In operation from 1952 until January 14, 2018, and headquartered in Toronto, Ontario, the company began as Simpsons-Sears—a joint venture between the Canadian Simpsons department store chain and the American Sears chain—which operated a national mail order business and ...
Sears Holdings owned 51 percent of Sears Canada, a large department store chain in Canada similar to the U.S. stores. At one point it owned as much as 92% of the Canadian company, but it failed in 2006 to buy the remainder of Sears Canada that it did not own because Bill Ackman took a 17.3 percent stake in it and prevented any takeover. He ...
Sears Canada's difficulties continued throughout the 2010s; the company filed for creditor protection in June 2017, forcing it to put all its stores in liquidation by October that year. On January 14, 2018, Sears Canada went out of business and permanently closed all its remaining stores, succumbing to the same fate as Eaton's had 19 years earlier.
When investors hear the word "Sears," most immediately think of Sears Holdings , the Eddie Lampert-controlled real estate play that has polarized investors and analysts for years. In the value ...
Sears Canada is preparing to seek court protection against creditors in a move that will likely lead to a liquidation, according to reports. Sears' Canadian business is about to collapse, reports ...
Canada is the world's eighth-largest economy as of 2022, with a nominal GDP of approximately US$2.2 trillion. It is a member of the Organisation for Economic Co-operation and Development (OECD) and the Group of Seven (G7), and is one of the world's top ten trading nations , with a highly globalized economy.
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Occupation. Businessman. Years active. 1886–1908. Known for. Co-founder of department store Sears, Roebuck and Company. Richard Warren Sears (December 7, 1863 – September 28, 1914) was an American company manager, retail businessman and the co-founder of department store Sears, Roebuck and Company with his partner Alvah Curtis Roebuck .