Leon’s Furniture taking over four Sears Home stores in B.C.

This is the first time Leon’s will enter the province’s market

Leon's Furniture has taken over the leases of eight Sears Home stores across Canada, including this Victoria outlet location | Photo: Bruce Stotesbury, Times Colonist

Toronto-based national furniture chain Leon’s Furniture announced this week it has taken over the leases of eight Sears Home locations across Canada, including four in British Columbia.

This is the first time Leon’s has entered the B.C. market, although the company has a presence in the province through its 27 Brick furniture locations.

The other B.C. locations are in Abbotsford, Langley and Richmond. Leon’s is also taking Sears Home leases in Ontario at Brampton, Mississauga and Toronto, with another one in Moncton, N.B.

Leon’s Furniture said all the stores it acquired from Sears are scheduled to open in September and the Victoria store will require about $500,000 in upgrades.

“This is a unique opportunity for us to expand our market share and lay the groundwork for continued growth,” Edward Leon, president and chief operating officer, said in a statement February 23.

Sears Canada said turning the leases over to Leon’s will help it “become a stronger company.”

“We are working on rationalizing our store network to ensure our core store physical footprint is highly productive,” Brandon Stranzl, executive chairman at Sears Canada, said in a statement.

It was not immediately known if Leon’s would offer Sears staff jobs under the new banner. Leon’s said the eight locations will require capital expenditures of between $300,000 and $500,000 before opening.

Times Colonist