Sears to close multiple locations in Quebec

A Sears Canada outlet is seen in Saint-Eustache, Que. on Tuesday, June 13, 2017. (Ryan Remiorz / THE CANADIAN PRESS)

Sears Canada is going to close 14 of its stores in Quebec and dozens more across the country.

It's all part of a plan to restructure after being granted protection from creditors by an Ontario court Thursday.

Under the plan Sears will lay off 2,900 employees and close 59 stores and outlets, while obtaining up to $450 million in financing to maintain operations.

The struggling retailer has piled up losses over several years and seen its stock dive, losing more than 80 per cent of its value in the last year, despite efforts to reinvent itself at a time.

Headquartered in Toronto, Sears Canada had 94 department stores, 23 Sears Home stores and 10 outlets prior to the CCAA restructuring.

It says it hopes to exit court protection as soon as possible in 2017.

The affected stores in Quebec are: