Earlier this week, Sears Canada received the court approval necessary to proceed with the liquidation of all of its inventory.
And that liquidation begins today, with expectations that the sales will continue for the next 10 to 14 weeks.
Sears Canada announced that a joint venture group will be operating liquidation sales at the remaining Sears Canada department stores and Home stores.
Discounts of up to 50% off at department store locations and up to 30% off at Home locations can be expected.
While sales begin today, Sears will not be able to honour Sears Protection Agreements to its customers on anything purchased after yesterday, October 18. The company said that most merchandise normally sold by Sears comes with a one-year manufacturer’s warranty, which will be available to customers directly from the manufacturers as is presently the case.
Meanwhile, refunds on protection agreements will be allowed to customers that have purchased them within the past 30 days per normal procedures, and delivery service will continue to be available until November 30, 2017.
During the liquidation period, the Company will continue to accept Sears gift cards and redeem Sears Club Points but all sales will be final and not returnable or exchangeable.
A list of every Sears location that will be closing can be found here.