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Today, Sears of the United States owns 55% of Sears Canada.

Sears Canada began its operations as Simpsons-Sears Limited, a catalogue retailer, in 1952. The company was formed as a joint operation of Robert Simpson's Company of Canada and the Sears of the United States. In 1971 the company changed its banner to Sears, and in 1978 Simpsons-Sears was split into two different companies (though some Sears stores continued to informally carry the hyphenated name into the 1980s). The Hudson's Bay Company acquired Simpson's in 1980, and renamed all of those stores as The Bay by 1991. Some stores in Quebec were acquired by La Maison Simons.

In 1995 Sears Canada opened Sears Whole Home furniture stores located in power centres, and renamed them Sears Furniture and Appliance stores in 1999, to reflect the addition of major appliances. In 2003 Sears Canada again renamed their Furniture and Appliances store to Sears Home stores. This change was intended to reflect their broader appeal for customers seeking a one stop experience for re-making their home decor. The stores' product line was expanded to include Home Installed Products and Services such as floor coverings, customer drapery, and other installed home related products in many locations.

In 1999, Sears Canada acquired The T. Eaton Company Limited ( Eaton'sEaton's was once Canada's largest department store retailer. Founded in Toronto by Timothy Eaton, an Irish immigrant, in 1869, Eaton's first advertisement read "We propose to sell our goods for CASH ONLY In selling goods, to have only one price. In an era). With this acquisition Sears Canada gained Eaton's stores and the trademark name, among other things.

Eaton's was relaunched as eatons in November, 2000This page is about the year 2000. See 2000 AD for the UK comic book, Number 2000 for other uses. 2000 is a leap year starting on Saturday (see link for calendar), and also the International Year for a Culture of Peace''. Events Y2K passes without the seri, with seven upscale stores located in Canada's major cities. This operation was unsuccessful, however, and in 20022002 is a common year starting on Tuesday (see link for calendar). 2002 was the first palindromic year since 1991 and the last until 2112. 2002 was also designated: International Year of Ecotourism and Mountains National Science Year in the United Kingdom, the few eatons stores that were not closed were put under the Sears name. Many said that the stores were too upscale and too thinly scattered across the country for it to have ever been profitable and worthwhile.