Sears closing in Prince Albert

Jun 22, 2017 | 11:02 AM

The Prince Albert location of Sears Canada is shutting its doors.

The struggling retailer revealed plans to close 59 locations across the country and cut approximatelhy 2,900 jobs under a court-supervised restructuring.

Eleven full-time jobs and 38 part-time positions will be lost in Prince Albert as a result of the closure. 

The announcement came after the company was granted temporary court protection from creditors under the Companies’ Creditors Arrangement Act this morning. Under the plan, Sears Canada has been authorized by the Ontario Superior Court of Justice to obtain up to $450 million in financing to maintain operations throughout the restructuring.