Sears 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 (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.
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 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.
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.
The inventory of two-store Jodlbauer Furniture of Elkton, Md., will be sold during a foreclosed inventory sale.
St. Louis, Mo.-based Dolnick’s Contemporary Furniture is closing after 87 years because the owner is retiring.