The few remaining Sears Canada stores closed their doors for good on Sunday.
A longtime anchor of Canada’s Malls declared bankruptcy last year. This weekend it closed its doors for the last time, leaving 15,000 people out of work.
Challenges mount at Hudson’s Bay as losses almost double. 'They are now way behind Amazon and Walmart'
The country’s oldest retailer disappointed investors by nearly doubling its third-quarter losses. HBC tied the quarterly weakness to lower customer traffic.
That is a real struggle in the era of traditional bricks and mortar retailers competing with Amazon and Walmart.
