Here’s a look at the history of Sears Canada: 1952 — Simpsons-Sears is founded as a national mail-order business, as part of a partnership between the Robert Simpson Company of Toronto and Sears Roebuck Co. of Chicago. September 1953 — Simpsons-Sears opens its first store in Stratford, Ont. 1973 — The company opens its first […]
Continue readingMacy’s, JCP, K-Mart, Wal-Mart….Which retailer is next? Canada’s Retail Exodus- Its going to be a BUZY Liquidation Year!
Continue reading#EPICLiquidation Big box retail, department stores, clothing and shoe stores, office supplies, sporting goods, and book stores alike are seeing less in-store sales. The latest List of 2016 store closings has been released below. 400 Office Depot / Office Max (by 2016) 223 Barnes & Noble (through 2023) 200 Children’s Place (through 2017) 200 Walgreens (by 2017) 175 Aeropostale […]
Continue readingWhat is liquidation? Liquidation (or “winding up”) is the process by which a company’s existence is brought to an end. First, a liquidator is appointed, either by the shareholders or the court. The liquidator represents the interests of all creditors. The liquidator supervises the liquidation, which involves collecting and realizing the company’s assets (turning them […]
Continue readingHere is the most EPIC retail timeline from 1872 to today. ENJOY! From Zayre88 1872 – Aaron Montgomery Ward founded his company 1879 – F.W.Woolworth opends its first five & dime store 1880 – Opening of the first McCrory variety store 1899 – S.S. Kresge Company founded by Sebastian S. Kresge 1902 – JC Penney […]
Continue readingGoodbye Danier- The company is currently being liquidated. BreakingLiquidationNews Store closing sales started Tuesday March 8th at the remaining Danier Leather stores and outlets in Canada. The retailer entered insolvency proceedings last month as it attempted to find a buyer. The liquidators say in addition to their current inventory, the stores are receiving new shipments from […]
Continue readingLiquidators will have a VERY Busy year- Official Store Closing Prospect list. About EPIC Liquidation World EPIC Liquidation World liquidates consumer merchandise through Liquidation Events, GOB Store Closings, Auctions & Appraisals. The Company solves asset recovery problems in a professional manner for the financial services industry, insurance companies, manufacturers, wholesalers and […]
Continue readingHere’s who’s closed stores in Canada Source-The Canadian Press | 2015 Target Canada isn’t the only retailer closing its doors in Canada. On Thursday, Sony announced it was shuttering stores in the country. They add their names to a growing list of retailers who have recently closed some stores or are closing altogether in Canada. […]
Continue readingEPIC Liquidation WorldBY JULIA HANNA- HBS Alumni It’s an unhappy yet unavoidable fact: Sometimes, retail chains go out of business. Moreover, even healthy chains periodically must close down some existing stores. When stores have to be liquidated—when “everything must go”—a series of decisions must be made, and made quickly. In a recent working paper, doctoral […]
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