Sears Canada to sell lease for its flagship Toronto Eaton Centre store

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Sears Canada to sell lease for its flagship Toronto Eaton Centre store
Topic Started: Oct 30 2013, 12:06 AM (297 Views)
goldengal	Oct 30 2013, 12:06 AM Post #1
Mistress, House of Dogs Posts: 11,674 Group: Member Member #715 Joined: March 31, 2010	Quote: TORONTO—Sears Canada is selling the leases on five of its department stores, including its flagship location in Toronto’s Eaton Centre. The $400 million transaction is the largest sale of leases since the retailer began shedding assets and cutting jobs in an effort to turn around its struggling operations. The sale is especially notable because the Eaton Centre is one of the company’s most visible Canadian stores, located in a central tourist area. Across the company’s operations, about 965 employees will be affected by the transactions. http://www.thestar.com/business/2013/10/29/sears_canada_to_sell_leases_for_its_flagship_torontos_eaton_centre_store.html I used to be a good customer of Sears, but not so much these days; although we did get that great deal on sleep sets yesterday as a result of an email from Sears advising of a one day sale. Take care, Pat



Darcie	Oct 30 2013, 01:04 AM Post #2
Skeptic Posts: 31,154 Group: Member Member #714 Joined: March 30, 2010	Quite a few years ago I used to shop at Sears, as did many of my family and friends. It all fell when they made staff invisible ( none there). The only staff to be seen was the one cashier to take your money somewhere far away on the floor. No one to help you find anything, no one to answer questions, not even the cashier because she was looking after the lineup of 20+ people. I was with my daughter when she cut up her Sears card and gave it back to the cashier, we had waited about 1/2 hour to pay for our purchase. This spring I went in 2 stores in Montreal, they were not clean, the choises of clothing was minimal. Figure they are dead and won't lie down.



FuzzyO	Oct 30 2013, 01:20 AM Post #3
Posts: 16,968 Group: Administration Member #710 Joined: March 30, 2010	I can't remember the last time I went into Sears.



Trotsky	Oct 30 2013, 01:35 AM Post #4
Big City Boy Posts: 38,319 Group: Member Member #79 Joined: September 8, 2005	We had one in the back yard in Jersey City (I even rolled a chest freezer and a TV home with a hand truck.) But since we moved, I double if I have even seen one in NYC?



Delphi51	Oct 30 2013, 05:25 AM Post #5
Member title Posts: 13,967 Group: Administration Member #441 Joined: October 10, 2006	We caught that mattress sale, too! Unfortunately we only bought one. The Sears tool department is interesting, and they have excellent eye glass prices. Unfortunately they charge twice as much as Walmart for what appears to be the same clothing.



haili	Oct 30 2013, 05:46 AM Post #6
Gold Star Member Posts: 7,084 Group: Member Member #387 Joined: September 15, 2006	It sounds like the beginning of the end for Sears. I will miss it and wish we had one in this town. They make it very easy to order appliances from their catalogue store and the sales woman is terrific at arranging things and making things go smoothly. She even gave me a number for someone to take away the old appliances at no charge and put in new dryer pipe. The other appliance store in town has horrible high pressure sales people who take forever to make the deal and do a lot of up selling.



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