Sears stores bracing for closures

Shopping malls in small cities across Canada are bracing for the loss of some of their biggest tenants, as Sears Canada plans to close its remaining stores.

If a court approves the company's bid to liquidate 130 locations, it will have a major impact on shopping centres like the Heritage Place Mall in Owen Sound, Ontario.

Sears is one of the mall's largest occupants, employing more than 60 people in a roughly 65-hundred-square-metre space.