Sears' Southridge closing was among 20 announced Thursday by the retail giant. Liquidation sales will begin by June 30, the spokesperson said in an email. "Furthermore, as noted above, store-front operations, like Sears Travel, are not a core part of TravelBrands' business due to their high operating costs coupled with intense price competition across the Canadian leisure travel industry".
"We understand that members may be disappointed when we close a store, but our Shop Your Way membership platform, websites and mobile apps allow us to maintain these valued relationships long after a store closes its doors", the company said in a statement emailed to Retail Dive.
Trump tells senators House health bill 'mean'
Trump's comments were described by people who received accounts of a White House lunch Trump had Tuesday with 15 GOP senators. The bill was prewritten by leadership, approved by the relevant House committees, passed by the House and sent to the Senate.
The Sears store at Burnsville Center is on the list of closures. The store will close to the public in mid-September and the Sears Auto Center will close in late July.
Sears Canada Inc. and certain of its subsidiaries have been granted an order from the Ontario Superior Court of Justice under the Companies' Creditors Arrangement Act (CCAA).
Sears is paying base rent of $11.2 million on the 20 locations and will pay rent until it vacates the space by October, the SEC filing said.
Andy Murray beats Kei Nishikori to set up semis clash with Wawrinka
The duo also produced a thrilling five-set battle in the Davis Cup in March 2016 with Murray eventually prevailing in the fifth. It's a repeat of last year's semifinal which Murray won in four sets before going on to lose to Novak Djokovic in the final .
When TravelBrands filed for creditor protection in 2015, the Amended Sears Agreement - along with dwindling margins and lease obligations including $3.6 million in yearly rent on a vacant building, a holdover from the Thomas Cook Canada deal - was blamed as one of the factors dragging the company down.
Lampert's investment firm owns 43.5% of the limited partnership units of Seritage and controls 7.9% of its voting power.
UCLA Basketball's Lonzo Ball selected 2nd by the Los Angeles Lakers
The plaza outside Barclays Center is decorated in green and blue - as in Celtics green and 76ers blue. It marks the fourth straight year the Blue Devils have produced a top-three pick.