More trouble for Sears Canada.
The company says it is selling the leases on five more of its department stores, including a London store -- at Masonville Mall, and its flagship Sears location in Toronto's Eaton Centre.
The $400 million transaction is the largest sale of leases since the retailer began shedding assets and cutting jobs in an effort to turn around its struggling operations.
965 employees will be affected across the board. Sears Canada says employees affected will have the option to apply for other available jobs within the company.