SRSC Profile
Sears Canada Inc. (SRSC) was a Canadian chain of department stores that operated from 1952 until 2018. The company was a subsidiary of Sears Holdings Corporation, which is based in the United States.
Sears Canada sold a variety of products, including clothing, appliances, electronics, and home furnishings. The company had a significant presence in shopping malls across Canada and also operated several stand-alone stores.
In 2017, the company filed for bankruptcy protection and began a restructuring process in an attempt to stay in business. However, in early 2018, it announced that it would be closing all of its remaining stores and laying off thousands of employees.
The company's closure was attributed to several factors, including increased competition from online retailers, changing consumer preferences, and the challenges of operating in a highly competitive retail environment. Sears Canada was known for its iconic catalogues and its extensive network of stores, but it ultimately could not compete with the changing retail landscape.
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