Ben Sherman: The UK-based men’s 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. A total of 13 of the retailer’s 16 stores will close permanently. A total of 124 of the company’s 210 North American stores will close for good, including 82 units in Canada and all 42 stores in the US. 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. When government support for rents and staffing costs is reduced or eliminated, the pace of closures will likely increase. 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. Ever hear of reciprocity, if not…GOOGLE it! Given the year-over-year losses and overall financial position, securing investment may be challenging and by early 2021, Le Chateau may become part of Canada’s retail history. You have entered an incorrect email address! This is extremely unfortunate. Other large retailers are making major staffing cuts. Given the number of international retailers operating in Canada, the loss of locations will have a profound effect on landlords and will result in substantial job losses. The future of GNC is uncertain and more units could close in the coming months. Consequently, some people cannot wait in line either due to time or mobility constraints. 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. COVID-19 was the reset button that retailers needed. Canada's Most-Read Online Retail Industry Publication. It’s the end of an era for the fashion company with 169 stores and an expansive wholesale arm founded by designer Peter Nygard who’s empire has gone down amid allegations of sexual misconduct. 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. Comark Holdings: The parent company for Ricki’s, Cleo and Bootlegger filed for bankruptcy protection last month and with that, many stores are expected to close. Wear a mask and keep everyone safe! 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. The closures, which are set for early next year, include 26 Ronalocations, six Lowe’s locations and two Reno-Depots… The Bay for the past few years has been trying to sell the store or at least some of the space. Hudson’s Bay, which is nearly out of Winnipeg’s core, is closing its anchor store in Edmonton’s downtown, which has been operating since before Canada was a country. Last Updated: Monday, October 5, 2020 11:00. We reported extensively on the filing last month. 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? Foodservice businesses such as restaurants will also add substantial vacancies to commercial properties in Canada. Nygard: The Winnipeg-based Nygard retail chain of stores is liquidating, including its Alia and Tan Jay storefronts. Long Tall Sally: The women’s fashion and footwear retailer’s international business is winding down and with it, all Canadian stores have shuttered. 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. One of the last great vestiges of retail in Canada is set to close. The company will focus on e-commerce moving forward. Things are constantly changing and not all things last forever. 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. Now located in Toronto, Craig is a retail analyst and consultant at the Retail Council of Canada. The Gap to Close Bloor Street Flagship Store in Toronto in... Italian Luxury Brand ‘Isaia’ to Open Canadian Flagship Store in Toronto... Online Vintage Retailer ‘Throwback Vault’ Opens 1st Physical Store in Toronto with Expansion Plans, L.L.Bean Maps Out Aggressive Expansion with 4 New Store Announcements for 2020. Lucky Brand: After a bankruptcy filing this month, denim fashion brand Lucky Brand has filed for bankruptcy and some stores will be closing. In March of this year, Frank And Oak co-founder Ethan Song left the company. ... 2020 1:05 pm EST. The company launched as an online menswear brand in 2012 and began opening stores after that, and in 2017 launched womenswear that included some standalone women’s stores. I have to admit through observation, there are people who are not able to support physical stores for other valid reasons. During this closure, store associates will be paid for all scheduled shifts. I think we focus to much on being told what to do, but am convinced those anti mask comments would do anything to prevent some one they love from getting sick. 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. Starbucks says it will be closing up to 200 of its 1,400 stores in Canada over the next two years. All rights reserved @ Radio Canada International 2018, RCI: May 21/20: Virus takes down more retailers big and small, RCI Jan 21/20: Another Canadian shopping tradition closes, RCI: Feb 18/20: Still more retail closings, CBC: Schmidt/Petz: Oct 2/20: Downtown Winnipeg Bay store to close in February, Winnipeg Free Press: M Cash: Oct 2/20: Sun sets on downtown Bay days, CTV: Rosen/Unger: ‘We’ve seen this coming a long time’- Hudson’s Bay closing the iconic Downtown Winnipeg store, Retail Insider C.Patterson: Hudson’s Bay to close downtown Winnipeg flagship store, Global News:K Hirschfield: Oct 2/20: Hudson’s Bay to close downtown Winnipeg location, Urban Indigenous singer Anachnid extends her web across Canada’s soundscape, Asbestos: town to try again for new name to distance itself from its past. Since 2017, brick-and-mortar store closures have surpassed 20,000. The future of the entire company is in question and it remains to be seen what happens with other locations in the coming months. 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. While the majority of the 310 units will remain open according to filings, Comark is still expected to close at least 100 store locations in Canada in the coming weeks and months. Boycott all nonsense. The pandemic puts a speed to things, but that’s no different than if another world war breaks out or if a global natural disaster to hit. Victoria’s Secret, which is also owned by L Brands, recently announced plans to … Interesting on the me or we attitude. After filing … Keep requiring masks, keep seeing bankruptcies. And at the same time, there is good news from some retailers worth mentioning. The company had high expectations given the success of competitors such as Lululemon. 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. 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. 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. Reitmans has been quietly closing many of its stores over the past several years and in 2018 we reported that its chain of Hyba athleisure stores were shuttering. The company’s stores include Vaughan Mills, Square One Shopping Centre, Erin Mills Town Centre, Scarborough Town Centre, and Oshawa Centre. Many retail stores in particular have been hit hard by the downturn. 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. S.E., Calgary. Shoppers like those put a strain to business prior to pandemic and place a much greater hardship to others today. Retailers that are still operating are also experiencing challenges at this time. The list of store closings … In February the president of retail Claude Sirois was let go. Do you think businesses intentionally put up hoops for the sake of driving their own business away for fun? If the trend continues, the future of some commercial areas could be in question, even popular areas such as Toronto’s Danforth and Beach areas for example. Scholar’s Choice: London Ontario-based kid’s education retailer Scholar’s Choice announced a significant restructuring this week. But at the same time, the retail world is a perpetually evolving industry. Disgusting in fact. 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. Several People’s Jewellers locations are said to have closed permanently and the future of the Moore’s menswear chain is in question as US parent company Tailored Brands struggles. Sears itself declared bankrupt in 2018. Victoria’s Secret operates massive flagship stores in downtown Vancouver and Montreal as well as stores in malls across the country. The giant 'Bay' store in Winnipeg, already hurting from changing shopping habits, has now succumbed to COVID. Trouble ensued as we reported last year amid claims of fraud, and the problems have continued since then. and the Edmonton store on 82nd Avenue N.W. 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. One well-known broker in Toronto explained that many retailers are now seeking percentage rent lease deals, while some landlords are insisting on terms in executed leases which includes enumerated rents due. The Children’s Place. Good. 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. Some of these brands are connecting directly with customers through apps such as WeChat and are selling out of some product categories that are being coveted by loyal brand fans. That will result in substantial vacancies for CRUs in the 1,000-2,000-square-foot range. Macy's - After losing Boston Store I'm a little worried to hear Macy's is closing some locations. Here are the stores Lowe’s is closing in Canada in the new year Click to return to homepage. The global coronavirus pandemic’s impact on the economy is still ongoing. Miniso: Chineses variety retailer Miniso, which positions itself as a Japanese brand, has been closing some stores across Canada. 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. "I'd say we're at about 50% of where we should be," former Walmart US CEO Greg Foran said in 2019. Totally selfish attitude. 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. Starbucks: Last month Seattle-based coffee retailer Starbucks announced that it was closing approximately 200 locations across Canada as the company restructures its operations and looks to the future. 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. Here's Why Walmart Is Closing Down 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. I never understand how so many of these stores were going to survive in a good economy, let alone during this crisis. It’s an encouraging sign. Below, an evolving tally of store closings: 200 between fiscal 2015 2017. And all retail entities learn to adapt or perish happens with other locations in the coming.... Store in Winnipeg, already hurting from changing shopping habits, has now succumbed to COVID foodservice businesses as. And we is showing human compassion to all will continue to follow what’s happening in the U.S. Canada. 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