Sears Canada Inc. announced that a joint venture group formed among Hilco Global (through its Canadian division, Merchant Retail Solutions, ULC), Gordon Brothers, Tiger Capital Group and Great American Group, will begin operating liquidation sales, Friday, July 21, 2017, at the stores previously announced by the retailer as closing, listed below.
This announcement comes after Sears Canada obtained an Order from the Ontario Superior Court of Justice on Tuesday, July 18, 2017 to liquidate 54 stores (20 full-line, 15 Sears Home, 10 Outlet, and 9 Hometown locations).
A spokesperson for the JV group managing the sale process, Gary Epstein said, “We encourage consumers to shop early to take advantage of the best selection of products and great savings available throughout the stores while supplies last.” The JV Group also indicated that select fixtures, furnishings and equipment in the closing stores will also be for sale. He also indicated that Sears Canada gift cards will be honored throughout the sale.
