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Sears Canada (1952-2017)

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DowntownCoder

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Northern Light

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Admiral Beez

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Such a shame. A neighbour of mine was a senior buyer for Sears Canada, whilst a friend was a senior manager responsible for Ops. Both are retired and likely seeing their pensions at risk. Anyway, the friend reminded me of all the things we used to buy at Sears. At my family cottage, for example we have a Sears Canada GameCatcher brand fishing boat.
 

Amare

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Well if he ever got his hands on it (which wont happen) that would instantly guarantee this company's demise.

Essentially what this means is that he's run out of ideas, and he's hoping someone will magically fix all of their problems so he can come back and buy it all. This shows he's in the exact same mold as Uncle Eddie.
 

Skeezix

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More damage caused by the powers-that-be at Sears Canada, who have gutted the company, and funneled billions of dollars out of the company and out of the country to shareholders while simultaneously starving retail operations and underfunding the company pension.


Boys and Girls Club face funding shortfall as financially troubled Sears bows out
Agency facing a deficit of half a million dollars, meaning Canada’s vulnerable children may not get as many after-school activities
Toronto Star, 21 August 2017
 

Skeezix

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As the retailer spiraled towards insolvency, chairman Brandon Stranzl still found the cash necessary to hire his wife for a senior management role from 2015 to 2017.

As Sears Canada head moves to launch bid, wife's role in company raises questions
Jennifer Stranzl’s contract as chief marketing advisor, which was never publicly disclosed, could cast a shadow over her husband’s reputation as he struggles to save the ailing retailer
Hollie Shaw, Financial Post, 31 August 2017

(h/t to Retail Insider)
 

Consilium

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More damage caused by the powers-that-be at Sears Canada, who have gutted the company, and funneled billions of dollars out of the company and out of the country to shareholders while simultaneously starving retail operations and underfunding the company pension.


Boys and Girls Club face funding shortfall as financially troubled Sears bows out
Agency facing a deficit of half a million dollars, meaning Canada’s vulnerable children may not get as many after-school activities
Toronto Star, 21 August 2017
Why do you think Sears is declining? On Urban Toronto there have been references to Eddie Lampert.
 

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