Partners REIT (TSX:PAR.UN) said Thursday that the value of its Cornwall Square mall may be affected by the loss of the Sears Outlet store. Sears Canada received court protection from creditors on Thursday and announced a plan to close 59 locations and cut 2,900 jobs. The longest of those leases has nearly six years left, but most of them expire within two years. The other six locations are Sears Home stores in Calgary, Toronto and four smaller Ontario cities (Kingston, Orillia, Sudbury, Windsor). The timing of the closures has not been finalized, but RioCan also says the closure of a Sears Outlet store in Timmins, Ont., had been previously announced and the lease is about to expire. The Toronto-based real estate trust says seven of the 59 announced Sears closures are in RioCan properties and represent 0.4 per cent of the trust's annual rental revenue. Also, not available on price-matched merchandise.TORONTO - RioCan Real Estate Investment Trust (TSX:REI.UN) says the restructuring of Sears Canada is expected to have a far smaller impact on its business than when Target closed up shop in Canada. For more information about Sears Hometown & Outlet Stores, Inc., visit To learn about the opportunity to own and operate a store format, visit * Subject to certain exclusions, as detailed in print ad promotions available in the store. and its subsidiaries offer franchise and dealership opportunities focused on selling, as applicable, top brand home appliances, hardware, tools, lawn and garden equipment and outlet merchandise. ![]() Operating through two segments-the Sears Hometown and Hardware segment and the Sears Outlet segment-Sears Hometown and Outlet Stores, Inc. provide consumers with access to a full suite of services, including home delivery, installation and extended service contracts. In addition to merchandise, Sears Hometown and Outlet Stores, Inc. and its dealers and franchisees operated 1,260 stores across all 50 states as well as in Puerto Rico and Bermuda. As of February 1, 2014, Sears Hometown and Outlet Stores, Inc. Amazon Bare Necessities Bealls Florida Belk Boscovs Fred Meyer Her Room JCPenney Kmart Kohls Macys Shopko Sears Stage Stories. (Nasdaq:SHOS) is a national retailer primarily focused on selling home appliances, lawn and garden equipment, tools and hardware. Ībout Sears Hometown and Outlet Stores, Inc. To learn more about Sears Outlet Stores, visit. The Sears Outlet Store in Winter Park can be reached at 40 and is open Monday through Saturday from 9 a.m. Customers also benefit from delivery and installation services offered by Sears Outlet. ![]() Customers purchasing a Certified Appliance or other item from a Sears Outlet Store should expect significant discounts off the original retail price, a fully functional and operational unit, and the assurance that the unit still meets Sears quality standards as the nation's leading retailer of appliances and appliance-related products. In addition to discontinued and special-buy products, Sears Outlet offers reconditioned merchandise that undergoes a stringent testing process and, when necessary, have cosmetic parts replaced and/or repaired before becoming approved to be an Outlet Certified item. Each location provides customers in-store and online access to new, one-of-a-kind, discontinued, used, reconditioned, overstocked, and cosmetically blemished products across a broad assortment of merchandise categories-including home appliances, lawn and garden equipment, apparel, mattresses, sporting goods and tools. Our highly-trained staff is ready to help guide customers around the store and teach them about our product offerings to help them find exactly what they're looking for, at a tremendous value."Įach Sears Outlet Store, on average, offers shoppers more than 18,000 square feet of retail space stocked with hundreds of items marked significantly lower than manufacturers' suggested retail prices. "As a locally-owned store, we're seeking to provide a personalized in-store visit for our customers by simplifying their Outlet shopping experience. ![]() "The Winter Park community has welcomed us warmly as a part of their local family, and we look forward to hosting this celebration as a thank you for their continued support," El-Hawary said. The Winter Park location is one of seven Sears Outlet Stores El-Hawary owns and operates. To celebrate its grand re-opening, the Sears Outlet Store of Winter Park welcomes the local community to stop by April 17 through April 20 and enjoy an additional discount of 10 percent off almost everything in the store*, plus special giveaways. (Nasdaq:SHOS) announces that the Sears Outlet Store located at 3825 Forsyth Rd. WINTER PARK, Fla., Ap(GLOBE NEWSWIRE) - Sears Hometown and Outlet Stores, Inc.
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