"We're here to help."
Steeper discounts at Sears later this year could put pressure on competitors.
The fallout may make it that much harder to hold the public's confidence when election day finally arrives.
The company also said it could no longer offer Sears Protection Agreements.
Although what has transpired with Sears Canada is not technically illegal, there is a deep, pervasive sense of unfairness.
Corporations are said to have limited liability. However, that provides less shielding than most people realize.
Successive Liberal and Conservative federal governments have allowed such scenarios to occur by repeatedly rejecting legislative reforms that would protect employees, pensioners and their families.
“Don’t flush your reputation down the toilet.”
The struggling retailer is facing a PR headache over layoffs and a lack of severance pay.