Sears closing 10 more stores.




Sears Canada has announced that it will close 10 more department stores, including the anchor stores at Fairview Mall and Scarborough Town Centre in the coming months, after it failed to attract a successful bid to save the company.

A Sears Home store in Kelowna will also be closed, it was announced Friday. In all, 1,200 people will be affected, in addition to the 2,900 that will be jobless by the end of business day on Sunday as a result of the store closures announced in June.

The company is seeking an extension of the stay period to November 7.

The leases for the department stores are being surrendered to landlords. Lime Ridge Mall in Hamilton will also lose its Sears store as will Oakville Place in Oakville.