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Canadian retailer prepares for bankruptcy
Sears Canada could file for Chapter 11 sooner than expected. The struggling offshoot of Sears Holdings Corp., is preparing to seek court protection against its creditors. The filing — which could happen within weeks — will likely lead to a liquidation, with the business sold off in pieces, sources told Bloomberg. -
TJX Cos. bucks retail’s store closure trend
As a number of traditional chains across the industry continue to struggle, TJX Cos. is being called one of the country’s fastest growing retailers. Traditional retailers industry-wide are blaming shifting consumer tastes, digital options and new competitors for not only stealing their wallet share, but for declining foot traffic and related sales. However, this could not be farther from the truth for TJX Cos.