Sears Regina distribution centre

Almost 300 people will be affected when Sears closes its Regina distribution centre in the spring of 2014. (CBC)

The retail company Sears is closing its distribution centre in Regina, a move that will affect close to 300 people.

The company said Tuesday that closing the distribution centre, and moving its functions to Calgary, was part of a larger restructuring effort.

There are 276 workers associated with the Regina facility, located on Broad Street. It is set to close in the spring of 2014. According to the company, most of the workers will be offered compensation packages based on their years of service. Some will be offered opportunities at another Sears facility, located just off the Ring Road in Regina.

The company noted the Regina building on Broad Street is more than 60 years old and had originally been a location for the former retailer Simpson. The company said refurbishing the building was not a viable option and preferred to build a modern facility in Calgary, close to larger markets.

Information from the Saskatchewan Council for Archives and Archivists shows the building dates to 1915 and housed a number of retailing firms over the years.

Sears is also closing five stores across the country, including its flagship store in downtown Toronto.

The move comes just seven months after Sears announced a cut in its workforce, including jobs at stores, affecting locations across the country.