Sears Closing Corner Brook Location
There has been another blow to the retail sector in Corner Brook.
Sears Canada will close 59 stores, including the one in Corner Brook.
The Sears store in Corner Brook is one of the major stores in the Corner Brook Plaza, and have been in the mall for decades.
This results in the lay off of 2,900 across Canada.
The retailer has applied for protection from creditors.
Sears will now undergo a court-supervised restructuring process.
Shares in Sears Canada were halted Thursday morning.