It may be hard to believe but Sears Canada’s shutdown is real. As of October 13, Sears Canada will be liquidating its remaining products and closing its doors. Regardless of whether Sears has a Black Friday sale, they will have a liquidation sale. With big liquidation discounts, other stores may be forced to offer bigger than usual Black Friday savings to compete. At least that’s one piece of good news.
The mighty have fallen
If you told a shopper 30 years ago that Sears Canada would be closing down, they’d call you crazy. Unfortunately, what was once unthinkable is now a reality. Sears came to Canada as a mail-order business in 1952. It opened its first store in Ontario just a year later. In the decades that followed, Sears became one of the dominant retail forces in Canada. With stores across the country and a strong mail-order customer base, Sears was an almost mandatory part of the Canadian shopping experience.
Nothing stays the same though. Despite being one of the first stores to open an e-commerce website, the rise of online shopping hit Sears hard. By 2009, the cracks were starting to show. Only two years later, Sears was laying off thousands of employees and closing some of its major store locations. After years of instability, rebrandings, and CEO changes, Sears Canada announced it was shutting down.
It was a sad day in the Canadian retail world. While this marks the end of an era, it will also have an impact on Black Friday.
What will Sears Canada’s shutdown mean for Black Friday?
Sears Canada’s shutdown will likely have an impact on Black Friday. Why? Well, Sears will be liquidating their stores. That means that you should be able to get some big discounts on pretty much every product Sears carries. According to a Sears Canada spokesperson, you should be able to save up to 50% at Sears department stores and get up to 30% off at Sears Home stores. This process will take a while though. So, expect the sales to last between 10 and 14 weeks. That means there will be an overlap with Black Friday (as well as the holiday shopping season). We’ll have to see if Sears will be having a Black Friday sale but they definitely will be having a liquidation sale. This could be good news for us shoppers though. With so many liquidation bargains, Sears’ former rivals, like Walmart, Canadian Tire, and Hudson’s Bay, may be forced to offer bigger than usual Black Friday discounts to compete.
Either way, we’ll miss you, Sears.