Written by
(AP) — Sears Canada has been given approval to begin liquidation sales Friday at 59 locations it plans to close.
Ontario Superior Judge Barbara Conway approved the motion Tuesday.
Sears lawyer Jeremy Dacks says the company wants to start sales of its merchandise, furniture, fixtures and equipment as soon as possible so it can maximize benefits for its stakeholders.
The liquidation sales will only occur at the 59 stores that are set for closure. They will begin Friday and run until Oct. 12, with the majority to be overseen by a third-party liquidator.
The beleaguered department store owner has been operating under court protection from creditors since June 22, when it announced its plan to shutter 59 stores and cut approximately 2,900 jobs.
Related Posts
-
Federal officials are investigating a Rockies coach’s cockpit visit during a United flight Posted: April 19, 2024 at 3:20 pm(AP) — Federal transportation officials are investigating an unauthorized inflight
Read more » -
Bitcoin’s next ‘halving’ is right around the corner. Here’s what you need to know Posted: at 3:12 pm(AP) — Sometime in the next few days or even
Read more » -
Tesla recalling nearly 4,000 Cybertrucks because accelerator pedal can get stuck Posted: at 2:58 pm
Tesla is recalling 3,878 of its 2024 Cybertrucks after it
Read more » -
First major attempts to regulate AI face headwinds from all sides Posted: April 18, 2024 at 2:49 pm
Artificial intelligence is helping decide which Americans get the job
Read more »
Central Valley Biz Blogs
-
BLOG: Happy birthday to Marketplace at El Paseo
Posted: April 12, 2024 at 1:23 pm
Ten years ago this week, Fresno’s fastest-growing shopping center got
Read more » -
BLOG: Fresno EDC’s April 18 real estate forecast a can’t-miss event
Posted: April 10, 2024 at 11:27 am
The Fresno County Economic Development Corporation (EDC) invites you to
Read more »
