My prediction above is moving along, though my 2014 date is more likely 2020.IMO, Sears Canada as we know it will be gone by end of 2014. The value of Sears is not in its real estate holdings or leased mall locations, but is in its brands (Die Hard batteries, Kenmore appliances and service/support, Craftsman tools, Discover credit card, Allstate insurance, Lands End, etc.)
Sears Canada will divest itself of its real estate and leased properties, abandon the malls, and for fashion concentrate on e-commerce via its Lands End brand. Furniture will only be sold through the Sears Home centres. Craftsman tools are already being sold via Costco, and Consumers Reports suggests that Kenmore may follow, see http://news.consumerreports.org/app...lling-craftsman-will-kenmore-soon-follow.html. DieHard batteries will soon follow.
Mark my words, Sears Canada as an anchor store in malls is toast. The whole concept is toast. My family buys everything except food on-line or at Costco or other stand-alone stores (vs. malls). By 2020 the Eaton Centre and other big malls will be in big trouble.
My family will continue to buy nearly all our clothes at Sears' Lands End on-line division. Now that part of the company is well run.