Sears Canada to Lay Off 700

With comps down 5.8% during the quarter ended Dec. 29, Sears Canada announced it will lay off 700 employees, mostly at stores and distribution centers.
     According to reports from several Canadian news organizations, company spokesman Vincent Power said the cuts will occur across the country and are intended to "right-size" the operation - which includes 118 department stores, 48 furniture stores, and a few small specialty stores as well as distribution through 269 locally-owned dealer stores.

Featured Video

  • Live From New York: Fashion Comes Across the Pond

    Camera Icon More Videos

Subscribe to
Home & Textiles Today eDaily
Receive the news you need to know about the trends in the industry delivered right to your inbox.

CURRENT ISSUE

HTT Cover October 2017

See the October 2017 issue of Home & Textiles Today. In this issue, we look at the Top 25 Online Retailers.  H&TT's exclusive annual ranking of the biggest online sellers of home textiles finds that while pure play etailers continue to fly, bricks & clicks are digging into omnichannel. See details!