Thousands jobless as Canadian retailer Sears declares bankruptcy

One of Canada's largest retail chains, Sears, is shutting down after serving customers for more than 50 years.

by

    One of largest retail chains in Canada, Sears, is shutting down after serving customers for more than 50 years.

    The company declared bankruptcy last week and began selling off all of its assets. More than 12,000 people will lose their jobs.

     

    Al Jazeera's Daniel Lak reports from Stratford, Ontario.


    YOU MIGHT ALSO LIKE

    Assad to Putin: Thank you for 'saving our country'

    Assad to Putin: Thank you for 'saving our country'

    Russian and Syrian presidents meet to discuss strategy against 'terrorism' and political settlement options.

    What is behind the covert Israeli-Saudi relations?

    What is behind the covert Israeli-Saudi relations?

    Analysts say that the recent covert ties between Israel and Saudi Arabia are due to a new regional paradigm.

    Is Saudi Arabia becoming a danger to the region?

    Is Saudi Arabia becoming a danger to the region?

    We talk to US Congressman Ro Khanna about power politics and debate Mohammed bin Salman's new strategy for the Kingdom.