Sears Home Services

Sears Home Services: SHS Services Management Inc. has been providing home installed products and services under the Sears Home Services banner since February, according to The Star. In nine months, SHS lost approximately $14 million and is projected to lose approximately $18.1-million in the year ending Jan. 31, 2014 and The company operating as Sears Home Services has gone into receivership, leaving 643 people jobless and putting into limbo $3-million in customer deposits for home installed goods and services ranging from carpeting to roofing. It went into receivership on Friday, citing liabilities of $17-million. (www.immigrantscanada.com). As reported in the news.