Demise of Sears Canada Should be Catalyst for Change: McQuaig
Suddenly jobless after two decades as a sales manager for now-defunct Sears Canada, Rose Dalessandro found herself unable to pay for dental appointments for her two children. She could blame her financial difficulties and the demise of the once-mighty Canadian retail giant on the usual suspects — poor management, globalization, the rise of internet shopping.
But it might be more accurate to blame Eddie Lampert, the billionaire U.S. financier who is the company’s largest shareholder as chairman of Chicago-based Sears Holding Corp.
The downfall of Sears Canada seems tragic and unnecessary, and the devastating blow to its employees should not have been allowed to happen.
"Demise of Sears Canada Should be Catalyst for Change: McQuaig."
(26 October 2017):