Wednesday, 14 May 2014

Major Movement in the Sears Saga

As we have been expecting, Sears Canada and Sears Holdings Corp. (its U.S. parent company), are in the news again. Here is a roundup of some of the most interesting takes on the situation, (CLICK TO READ ARTICLES):

Sears Holdings says could sell its majority stake in Sears Canada 
Financial Post:
Sears Holdings considers selling majority stake or whole of Sears Canada
CTV News:
Sears Holdings considering selling its Canadian operations 
Canadian Newswire:
Sears Canada Acknowledges Sears Holdings Release Announcing Possible Divestiture
Huffington Post Canada:
Sears Canada May Be Sold Off
Global News: 
Sears Canada parent puts retailer up for sale
Wall Street Journal:
Sears Canada on the Block as Lampert Pursues Asset Sales

Wednesday, 7 May 2014

Canadian Women's Retailer Jacob Files For Bankruptcy

Montreal-based women's retailer Jacob is closing all of its stores across Canada. After 35 years of ups and downs, the company has declared bankruptcy and will liquidate its inventory throughout the spring. Media outlets all over the country are covering the story:
Click on links to read stories:
Canadian Newswire: 
Boutique Jacob Inc. files a Notice of intention to make a proposal to its creditors under the Bankruptcy and Insolvency Act
Jacob women's boutique to close stores across canada
Huffington Post: 
Fashion Retailer Jacob To Close All 92 Canadian Stores
The Globe And Mail: 
Canadian retailer Jacob files for bankruptcy, to close all 92 stores
Financial Post: 
Canadian fashion chain Boutique Jacob closing its doors across Canada
Reuters Canada: 
Canadian fashion retailer Jacob to liquidate and close stores 
Bankrupt women's fashion retailer Jacob will close all of its 92 stores in Canada