The local Sears store won't be getting the axe after a big announcement from the major retailer.

Sears Canada announced earlier this week that they will seek creditor protection and plans to close 59 stores in Canada, including 13 in Alberta.

Thankfully, the Airdrie location isn't on the list of closures, which includes stores in Okotoks and Red Deer.

However, the future of the struggling retailer is in jeopardy after shares dropped 80% over the past year.

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