Sears seeks court approval to close its 麻豆精选 store

Sears Canada has applied to Ontario courts to close its 麻豆精选 store, as it continues to restructure.

The Canadian retailer has entered into a number of lease surrender agreements and a lease amending agreement that will result in the closure of the two local stores, as well as leased locations in Nanaimo and Burnaby, according to a statement released Friday.

. @SearsCA seeks court approval to close 10 more stores, 3 in B.C.: #麻豆精选, #Nanaimo & #Burnaby
Have already closed 59.
(corrected tweet) pic.twitter.com/C5CXQUuzyJ

鈥� Ashley Wadhwani (@ashwadhwani) September 30, 2017

In June, Sears Canada announced it would close more than half of its store locations in the midst of court protection and restructuring.

Within the last year, the retailer has lost more than 80 per cent of its value.

This new batch of closures also includes seven other locations across the province, in total effecting about 1,200 employees.

More to come.

@ashwadhwani
ashley.wadhwani@bpdigital.ca
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