Sears Canada shutters its final stores after months-long liquidation

Sears Canada says its remaining stores will close their doors for good today.

The long-time staple of Canada’s retail landscape declared bankruptcy last year and announced in the fall that it would liquidate its remaining stores and lay off thousands of employees.

1:42 Sears Canada executives, managers get big bonuses as closeout sales begin

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• Sears Canada applies for liquidation
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• Former Sears Canada employees fighting for benefits
• Sears Canada seeks court protection to stay afloat
• Sears Canada slashes thousands of jobs and closes 59 locations

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Sales began in October, and only a fraction of the retailer’s locations across Canada remained open to the bitter end.

The chain’s closure sparked a number of controversies.

Sears Canada planned to dole out millions of dollars in retention bonuses to head office staff while grappling with a more than $260-million shortfall in its pension plan.

The company originally wanted to pay a total $7.6 million to 43 top employees, but revised that to a total of $6.5 million to 36 employees after a backlash.

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