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After receiving the court approval necessary, Sears Canada will officially begin the liquidation of all of its inventory, and sales are expected to start on October 19th.
According to the company, liquidation sales are expected to continue for 10 to 14 weeks.
However, extended warranties won't be honoured as of Wednesday, October 18th, a day before all 131 of the chain's stores in Canada begin liquidation sales.
Sears did say that most merchandise normally sold by Sears comes with a one-year manufacturer’s warranty, which will be available to customers directly from the manufacturers as is presently the case.
Sears' in Kelowna has confirmed it will be closing and participating in liquidation sales, while the Kamloops Sears has already closed its doors.
“Over the past 18 months, Sears Canada had embarked on a reinvention plan that had begun to gain traction with customers. Unfortunately, despite the outstanding efforts of dedicated associates across the Company, Sears Canada does not have the financial resources to provide it with the time necessary to complete its reinvention,” wrote the company in a statement on Monday.
Meanwhile, refunds on protection agreements will be allowed to customers that have purchased them within the past 30 days per normal procedures, and delivery service will continue to be available until November 30th, 2017.
During the liquidation period, the company will continue to accept Sears gift cards and redeem Sears Club Points but all sales will be final and not returnable or exchangeable.
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