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Sears Canada to Shut Down, Leaving 12,000 Out of Work


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Great thread..:blink: Every article about the economy blames Brexit.. completely miss the elephant in the room.. What economy? It’s been crap since 2007.. with all the debt we allowed to build probably sooner.. and if you think about it the housing market has been the cause of most of the debt that collapsed banks.. that collapsed, is collapsing economies.. Don’t blame brexit, blame greed! 

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Guest TheBlueCat

I used to shop in their flagship store at the Eaton Centre in Toronto from time to time - not a bad place to buy household stuff - and it was OK. Think slightly shabby lower end version of John Lewis. I think what killed them is all the big anchor stores they had in dying malls all over the country. It's an incredibly inefficient way to do business - shipping all that stuff thousands of miles in the hope someone might buy it and then shipping back when they don't. A big shame for the 12K people who worked there though.

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