Eight Sears Home Leases Transferred To Leon’s Furniture

Sears Canada is handling leases on eight Sears Home stores to Leon's Furniture Ltd. (No money will change hands, a spokesman told Furniture Today.) Sears Home locations in Etobicoke, Brampton and Mississauga will move to the Leon's banner, as will stores in Abbotsford, Langley, Richmond and Victoria. The Moncton Sears Home will be assigned to The Brick (bought by Leon's in 2012). The moves, part of Sears Canada's strategy to increase the productivity of its core brick-and-mortar store footprint, will drive "more business over less square footage," executive chair Brandon Stranzl said. The transferred stores reopen in September. [Furniture Today]

Continue reading this story with a free account

Log in or register
Sign up for more articles like this
Subscribe to Bisnow's Toronto Newsletters
Related Stories

Wereldhave Sells €63M Shopping Center To French Investor

Banks Are Manhattan's Latest Hot Retail Tenant

GGP To Redevelop Former Dick's Sporting Goods Store At Frisco's Stonebriar Centre

From Pandemic Darling To Cautionary Tale: Pickleball Clubs Face A Reckoning After Betting Big On Retail Space

Gwinnett Mall Project Stands To Benefit From Georgia's Opportunity Zone Picks

JLL: Holiday Spending To Rise Nearly 10%, But Shoppers Aren't Splurging On Gifts

Philly Restaurant Operators Avoid Percentage Rent, Tenant Improvement Deals

Kroger Plans 3 New Store Formats, 110 New Locations In Bid To Boost Sales

Food Hall Planned Near Broncos' Burnham Yard Stadium Site

Next Phase Of Amsterdamse Poort Redevelopment Kicks Off

Site Centers To Stop Trading As It Winds Up Operations

Los Angeles Trials Its Own Vacant To Vibrant Program