Sears Canada revealed Tuesday that it’s exploring a sale or a possible restructuring as it draws nearer to bankruptcy.
There is simply no let off at the retail front. It's just not the online retailers which are hurting them (anyways they themselves are losing tons of money). People simply can't afford to buy stuffs. I have lost count of the number of retail chains which filed for bankruptcy in recent past. With every chain going down a lot of people is suddenly unemployed, which will in turn hit the purchasing power and could take other ones down.