The Sears Home Store on Sweden Way in Richmond will soon be turned into Leon’s, a popular Ontario-based furniture retailer.
Leon’s released a statement online Tuesday, noting the store will be open by late September.
Leon’s took over eight leases from Sears Canada across the country, half of which are situated in B.C.
“This transaction represents a significant opportunity for Leon’s to strengthen its leading position in existing markets around the Greater Toronto Area, as well as to enter highly desirable locations in Greater Vancouver,” said Edward Leon, Leon’s President and Chief Operating Officer.
Leon’s also owns The Brick, and is a well-known franchise in eastern Canada.
Leon told the Richmond News Leon’s stores are similar to The Brick, which sells items such as mattresses, sofas, appliances and electronics.
He said the store would undergo renovations in Richmond.
The changeover marks the first time since 1964 that sears Canada will not operate in Richmond.
Major retail shops in Richmond continue to change hands and/or close. At Richmond Centre, Sears has remained shuttered since last year while at Lansdowne Centre the Future Shop and Target also closed.
Meanwhile a new Wal-Mart is scheduled to open in 2017 at Garden City Road and Alderbridge Way.
