Below, an evolving tally of store closing updates. Good. Hudson’s Bay announced it will close the operation in February 2021. Microsoft will continue to focus its sales efforts online. Gap is including in 2020's store closing list. After filing â¦ Trouble ensued as we reported last year amid claims of fraud, and the problems have continued since then. Henry’s announced that it would be closing 7 stores as a result. The latest retailer to find this out is Stage Stores, the owner of Gordmans off-price stores and a bunch of other regional brands, including Bealls, Goody's and Peebles. Here's Why Walmart Is Closing Down Stores. Lowe's announced Monday, November 5 that they will be closing 51 stores in the United States and Canada.. I encourage you to stay home indefinitely if that’s the case. Toronto based Henry’s Cameras (Cranbrook Glen Enterprises) announced that it would be seeking protection from creditors as it filed a Notice of Intention to Make a Proposal under the Bankruptcy and Insolvency Act. A source familiar with the proceedings told Retail Insider that all 10 Vero Moda stores will close in Canada as well as 13 of the 51 Jack & Jones locations. You know things aren't looking good when your boss says half of his site visits makes him touchy. firstname.lastname@example.orgPosted: Monday, October 5, 2020 10:11 Some locations that are currently open, including a Miniso store on Robson Street in Vancouver, are for sublease. The Davidâs Tea concept stores opened quickly over the past five years and the cost of real estate proved to be a challenge. SAIL: We reported this month that Montreal-based sporting goods retailer SAIL had filed for bankruptcy protection and with that, all four of its Sportium banner stores will close as well as two SAIL stores in Ontario. Stage Stores, which owns Gordmans, Bealls, and Goodyâs, has closed all 700 locations. Since 2017, brick-and-mortar store closures have surpassed 20,000. La Senza: While now owned by Beverly Hills-based Regent, Quebec-founded lingerie and underwear retailer La Senza will permanently close about 30 of its 100 Canadian storefronts. Refusing to wear a mask is for sure Stupidity, but it also serves no purpose….. standing your ground to not wear a mask is like standing your ground to not wear "Pants", it’s completely arbitrary. Many retail stores in particular have been hit hard by the downturn. Ben Sherman: The UK-based menâs clothing brand Ben Sherman is closing two of its stores in the Toronto area, including a unit on Queen Street as well as at Vaughan Mills. Save my name, email, and website in this browser for the next time I comment. Please don’t be ignorant and selfish, Lets all work together so we can get through this very difficult time. Publications such as BlogTO seem to report almost daily on small businesses shutting in Toronto permanently, and itâs the same across the country. Frank And Oak has struggled for several years and came up with creative ways to stay in business, including a partnership with Postmedia for advertising in return for an equity stake as well as with landlord Cadillac Fairview. Some landlords have chosen not to participate in government rent relief funding and despite offers to defer rents, the debts incurred by small businesses are in some cases proving to be insurmountable. Hudsonâs Bay, which is nearly out of Winnipegâs core, is closing its anchor store in Edmontonâs downtown, which has been operating since before Canada was a country. Some of the 40 stores â which are located in 19 states and Washington, D.C. â have already closed or will close in the first half of 2020, company spokeswoman Jessica Joyce said, â¦ I predict that you will see many "luxury brand" stores closing and going back to depending on wholesale to retailers like Holt Renfrew, Harry Rosen and Saks Fifth Avenue. Here are the stores Lowe’s is closing in Canada in the new year Click to return to homepage. During this closure, store associates will be paid for all scheduled shifts. People have the right to order online or home delivery so as long as they put a mask on when they make a trip to the post office and open the door to delivery folks who put their health at risk. Bed Bath & Beyond - They're just looking at closing 40 stores for the time being but many are afraid that is just the start of it. It’s an encouraging sign. Are they in trouble too? Victoriaâs Secret: We previously reported that lingerie and underwear retailer Victoriaâs Secret had been closing some of its Canadian stores even before COVID-19, and it remains to be seen if others shutter over the summer following what is expected to be reduced retail sales in such stores. Bath & Body Works is just one of the many businesses facing store closures in 2020. Those locations include the Calgary store on Crowchild Trail N.W. The company acquired Canadian chain Tall Girl in 2009 which had nine stores at the time, and there is an opportunity for other retailers to bridge the gap in terms of stocking larger-sized clothing and footwear. Ascena Retail Group: 1,100 stores. The store began a closing â¦ Montreal-based fashion retailer is shuttering its 77-store womenâs plus-sized Addition Elle banner as well as its 54-store Thyme Maternity banner, reported extensively on the filing last month, we reported last year amid claims of fraud. Wear a mask and keep everyone safe! He has studied the Canadian retail landscape for the past 25 years and he holds Bachelor of Commerce and Bachelor of Laws Degrees. In January, officials said 20 of the 40 Bed Bath & Beyond stores scheduled to close would be delayed until the first half of 2020. Great article! The company has 124 stores in Canada. Many franchised Miniso locations were said to be losing money and many have closed. He is also President & CEO of Vancouver-based Retail Insider Media Ltd. "I'd say we're at about 50% of where we should be," former Walmart US CEO Greg Foran said in 2019. All store locations are considered to be exceptional and landlords are likely going to be able to find strong tenants to replace Microsoft in these malls. Loleâs filings indicated that the company has about $47 million in debt. The store has occupied âCanadaâs best retail cornerâ since 1999 and its vacancy will leave a hole in the âMink Mileâ. Retailers don’t need to be dealing with selfish bullshit at this time. In January 2020, Retail Insider also reported the once-popular jeweller Links Of London was planning on closing all five of its Canadian stores in the coming year. GOOD! The future of GNC is uncertain and more units could close in the coming months. Bed Bath & Beyond has announced the first 63 stores it will close by the end of the year as part of a restructuring plan brought on by Covid-19. Perhaps ask the associates that work in those stores, that wear a mask all day for you to be able to shop. Many stores will be closing in Canada over the summer as brands are hit hard in the wake of the COVID-19 pandemic. The closures will mostly affect mall locations. Credit insurance on deliveries is said to be an issue and all stock from brands such as Balmain have been moved online for the time being. Ann Taylor, Loft and Justice: The parent company of these brands, New Jersey-based Ascena Retail Group Inc., announced on July 24 that it will close all of its clothing stores in Canada. Miniso: Chineses variety retailer Miniso, which positions itself as a Japanese brand, has been closing some stores across Canada.The company entered Canada in 2017 and had plans to open about 500 stores as part of an ambitious expansion. In March 2019, Gap said it will be shuttering â¦ In March of this year, Frank And Oak co-founder Ethan Song left the company. Me I wonât regardless of how my actions impact other and we is showing human compassion to all. Le Chateau: On Monday evening, Montreal-based Le Chateau issued a press release with its earning statement noting that the company may not survive another 12 months without outside investment. A Canadian landlord chained the doors of one Old Navy location according to a broker source. Bed Bath & Beyond stores closing list. The Gap to Close Bloor Street Flagship Store in Toronto in... Italian Luxury Brand âIsaiaâ to Open Canadian Flagship Store in Toronto... Online Vintage Retailer âThrowback Vaultâ Opens 1st Physical Store in Toronto with Expansion Plans, L.L.Bean Maps Out Aggressive Expansion with 4 New Store Announcements for 2020. Canada's Most-Read Online Retail Industry Publication. The following 63 stores are slated to close by the end of 2020. Resulting from â¦ Keep requiring masks, keep seeing bankruptcies. The Children's Place announced on June 11, 2020 that 300 stores across the U.S., Canada, and Puerto Rico would be closing in the following months. Other large retailers are making major staffing cuts. And at the same time, there is good news from some retailers worth mentioning. This is extremely unfortunate. The companyâs restructuring will allow Scholarâs Choice to remain a going concern with a strong online sales focus. Lisa Tant, formerly the Canadian Styling Sales Director at Nordstrom was let go recently according to a social media post, and others in Canada and the US are said to have been laid off as well. Stay home then! The list of store closures include independent retailers as well as medium and larger chains which have either filed for bankruptcy protection or are simply shutting stores amid financial turmoil. Canadian furniture chain Leon's will temporarily close 72 of its 205 stores across Canada and lay off 3,900 workers in response to the COVID-19 pandemic. What does wearing a mask have to do with that? A French language report in La Presse indicated that âif the price is rightâ, IvanhoÃ© Cambridge could still divest some properties including its recently overhauled Montreal Eaton Centre. Interesting on the me or we attitude. He's also the Director of Applied Research at the University of Alberta School of Retailing in Edmonton. Foodservice businesses such as restaurants will also add substantial vacancies to commercial properties in Canada. Landlords are also making changes at this time. Like many of the then giant department stores, it was more than just a store, it was a centre of the community. Approximately 200 stores will close over the next two years. There are fears that if left vacant it will become an eyesore. It’s mandatory to wear pants to enter a store too, why don’t you become a "Antipant-er". We reported extensively on the filing last month. Seattle-based Nordstrom, which operates six full-line stores in Canada as well as six off-price Nordstrom Rack locations, for example, is undergoing a restructuring which has resulted in many management layoffs. Ascena Retail Group filed for Chapter 11 bankruptcy in July and â¦ Stores closing in 2020: 738 It's hard for regional discount department stores to hold their own against national giants Walmart, Target and Kohl's. I won’t buy anything at a store if I have to wear a face mask to enter, sorry. Anti maskers I don’t get you. Lole: Montreal-based athleisure brand Lole, considered to be a competitor with Lululemon, which filed for bankruptcy protection in May and shut its corporate stores in Canada and globally (franchised locations are still open according to a former store manager). In February the president of retail Claude Sirois was let go. It also had a post office, beauty parlour, public telephones, a library, and for a while, an auditorium with its own orchestra. Retail Insider will continue to follow whatâs happening in the Canadian retail industry as businesses reopen following closures due to COVID-19. "I get out to stores … Stores will remain closed for 2 weeks, and operations will be reassessed at that time. Developers have explored the possibility of conversion to condos or apartments but decided also that costs would be too high. The landlord is said to have been looking to reduce its exposure to retail in its vast portfolio for the past couple of years and that it was looking to sell off some of its retail properties. Itâs the end of an era for the fashion company with 169 stores and an expansive wholesale arm founded by designer Peter Nygard whoâs empire has gone down amid allegations of sexual misconduct. Correction: This list was last updated at 11.00 am on November 15 2020 to change the number of store closures so far in 2020 to 14,464 stores. Over the past several weeks numerous national retail chains have filed for bankruptcy protection and some have either already closed stores or are in the process of doing so. Stock up on Perfect Peony body splash now: Bath & Body Works&apos parent company, L Brands, announced in May 2020 that 50 locations in the United States, as well as one store in Canada, will close in 2020. Many other international retailers are struggling and are in the process of restructuring or filing for bankruptcy protection, which will result in even more store closures in Canada in the months to come. Stay away from ALL retailers, they don’t need your selfish bullshit. The closures will affect 34 underperforming Loweâs and Rona stores, with all listed stores expected to â¦ The value of commercial properties in Canada will in many cases be reduced due to vacancies as well as unpaid rents, all of which will impact owners and shareholders. Weâll provide periodic updates when information becomes available with a focus on the Canadian market. Frank And Oak: Last month Montreal-based fashion retailer Frank And Oak filed for bankruptcy protection with about $19 million in debts. Macy's - After losing Boston Store I'm a little worried to hear Macy's is closing some locations. While itâs challenging to quantify the number of permanent closures at this time, it appears hundreds of individual store locations in Canada will be vacated before the fall. Macyâs is also closing down some of its stores, saying that 30 locations will shutdown over â¦ You are the most stupid person I have read, so stay at home because it dates from today, in all the stores they ask for it, what do you say now? This is simply Darwinism applied to the retail front. That includes closing nine stores in Ontario, three in Alberta and one in Nova Scotia. One of the last great vestiges of retail in Canada is set to close. A Winnipeg landmark occupying an entire block with 675,000 square feet of retail space or over 15 acres, Â it once employed thousands of people.Â However, now down to only 60 employees, in recent years as sales slowed it began closing floors and the basement, and now only two floors remain open. Victoriaâs Secret operates massive flagship stores in downtown Vancouver and Montreal as well as stores in malls across the country. A little harsh, coming from a professional person such as yourself…. Totally selfish attitude. â Tom Harrington (@cbctom) March 17, 2020. Many have been quietly restructuring operations which has included layoffs, and some retailers will seek creditor protection in an effort to close underperforming locations. Consequently, some people cannot wait in line either due to time or mobility constraints. If the trend continues, the future of some commercial areas could be in question, even popular areas such as Torontoâs Danforth and Beach areas for example. Toys Toys Toys: The Toronto-based toy retailer filed for bankruptcy this week and all product is being liquidated. A total of 124 of the companyâs 210 North American stores will close for good, including 82 units in Canada and all 42 stores in the US. The company says that in the fall designer brands will be moved back into Simons' stores. To all you Anti-maskers, pick a "REAL" cause to support with you energy. Starbucks says it will be closing up to 200 of its 1,400 stores in Canada over the next two years. One industry insider said that Canada may see one bankruptcy filing per week over the summer for medium and large-sized retailers. COVID-19 was the reset button that retailers needed. Trouble ensued as we reported last year amid claims of fraud, and the problems have continued since then.Many franchised Miniso locations were â¦ That will result in substantial vacancies for CRUs in the 1,000-2,000-square-foot range. Many of these independent retailers are located on urban streets and vacancies could result in blight which will negatively affect vibrancy in some areas. It’s unfortunate that the global pandemic has put a toll on the world’s economy but right now stores no longer thrive are places selling non-essential goods or those that had issues with their business plan unrelated & prior to the pandemic. Do you want to go to work putting yourself and others at risk? S.E., Calgary. Correction: This list was last updated at 11.00 am on November 15 2020 to change the number of store closures so far in 2020 to 14,464 stores. As far as the author of the article, thank you for the well written piece but please consider being more tactful and professional with your responses. Although declared a ‘heritage building’ in 2019, the fate of the store remains in some doubt. In June 2020, the coffee giant said it will close up to 400 company-owned stores in the U.S. and Canada over the next 18 months as it rolls out new-format stores … Aldo Shoes: We previously reported that Montreal-based footwear and accessory retailer Aldo had gone into creditor protection and we subsequently learned that more than 40% of its Canadian locations will either not reopen or will shutter over the next while. Chicoâs has announced that it will be closing up to 250 stores in 2020. Spring collections saw significantly fewer sales as consumers stayed at home for much of the season, and now many retailers are considering their options as fall collections are coordinated for delivery. Companies that still survive and comply to strict health guidelines for the sake of public safety tells you they are committed in what it takes to keep their business open. 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