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From Home Furnishing Business

Court OKs Liquidation Sales for 59 Sears Canada Stores

Sears Canada LogoSears Canada won court approval Tuesday to begin liquidation sales as early as Friday at 59 stores the bankrupt retailer is planning to close, according to multiple media reports.

Sears Canada to Close 59 Stores, Cut 2,900 Jobs

Sears Canada LogoSears Canada (TXS: SCC; NASDAQ: SRSC), which filed for bankruptcy earlier this week, said it will close 20 of its 90 full-line department stores and dozens of other smaller-format stores as part of its restructuring.

Reports: 108-Year-Old Dearden’s to Close All Stores

Dearden’s, a 108-year-old furniture retailer in Southern California, will close all eight of its stores by the end of the summer, according to multiple media reports.

JCPenney to Close 130-140 Stores, 2 Distribution Centers

JCPenney announced Friday it will close 130 to 140 stores and two distribution centers in the next few months, allowing the retailer to focus its investments on stores with the greatest revenue potential.

E-commerce Retailer Dot and Bo Shuts Down

Dot and Bo, an online-only home furnishings retailer launched three years ago, has shut down after acquisition talks failed, according to several media reports.

Jodlbauer Furniture Holds Inventory Sale After Closure

The inventory of two-store Jodlbauer Furniture of Elkton, Md., will be sold during a foreclosed inventory sale. 

Dolnick’s Furniture to Close

St. Louis, Mo.-based Dolnick’s Contemporary Furniture is closing after 87 years because the owner is retiring.

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