April 25th, 2024

BREAKING: Sears closing in Medicine Hat

By medicinehatnews on June 22, 2017.

NEWS FILE PHOTO Medicine Hat Sears will shutter its doors as a result of company restructuring under bankruptcy.

The Sears full-line outlet in Medicine will be closed as part of a corporate restructuring the company announced on Friday morning as it filed for court protection from creditors.

Most recent available figures from 2013 state the company had about 80 local employees.

Last week the struggling department store chain announced that it had concerns about continuing as a business after several years of declining income.

On Friday, the company announced that it plans to eliminate 2,900 jobs at its head office and 59 locations across Canada.

Medicine Hat, Grande Prairie, Cold Lake, Regina and Moose Jaw are among 20 major department stores across the country. There is no schedule for the closures, the company release states.

Seven other locations in Alberta are among 15 Sears Home stores set to be shuttered. Another 10 Sears Outlet stores and 14 Sears Hometown locations nationwide will close as well.

Sears was an original tenant at the Medicine Hat Mall and owned about 40 per cent share of the facility before selling it in late 2014.

The company was granted an initial order from the Ontario Superior Court.

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