Liquidation sales at dozens of Sears Canada locations slated for closure could begin as early as this week after an Ontario court signed off on the plan Tuesday.
The sales can start Friday and run no later than Oct. 12 with the deep discounts happening only at the 59 department and Sears Home stores that have been slated for closure.
Sears lawyer Jeremy Dacks told the hearing to approve plan that it was crucial the retailer be permitted to begin sales of its merchandise, furniture, fixtures and equipment as soon as possible so it could maximize benefits for its stakeholders.
It gives us certainty of recovery, Dacks said in court.
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Read the full article at: https://www.thestar.com/business/2017/07/18/sears-canada-tells-judge-its-crucial-it-begins-liquidation-sales-this-week.html