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Sears Canada Closing Four Stores In BC

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After freeing itself up from multiple leases across the country, Sears Canada has revealed its competitor Leon’s will takeover 8 Sears Home stores, including 4 in British Columbia.

The deal primarily helps Sears peacefully exit locations that have been losing money, but ultimately allows rival Leon’s, a company who also owns The Brick, to takeover and expand.
According to Sears however, the move is strategic.

“We are working on rationalizing our store network to ensure our core store physical footprint is highly productive,” said Brandon G. Stranzl, Executive Chairman, Sears Canada Inc, in a statement. “Our focus is on converting each and every customer at stores with less efficient footprints into customers of our more efficient and best performing stores.”

Leon’s president and CEO Edward Leon also weighed in and expressed his thoughts on the announcement:

“This transaction represents a significant opportunity for Leon’s to strengthen its leading position in existing markets around the GTA as well as to enter highly desirable locations in Greater Vancouver.”

Sears doesn’t believe the slight downsize will affect its loyal customers, and invites them to simply visit other locations.

“We have communication plans in place to invite all Sears Home customers to our nearest full-line department store where they can continue to shop for major appliances, mattresses, furniture, home décor, and outdoor seasonal products,” Stranzl adds.

The Sears Home stores in Abbotsford, Langley, Richmond and Victoria, BC will be closed and re-modeled as Leon’s, effective as of June 1st, 2016.

The closures aren’t expected to heavily impact Sears, who still has well over 100 stores across Canada.

 

Photo: Mike Mozart

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