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 … Stage Stores, which owns Gordmans, Bealls, and Goodyâs, has closed all 700 locations. I hope retailers can find a way to turn the tide in the second half of 2020. This is simply Darwinism applied to the retail front. There are other examples not included above that we have reported on since March of this year. Larger retailers are also looking to the future which for some will include fewer store locations. Are they in trouble too? and the Edmonton store on 82nd Avenue N.W. Quebec City-based La Maison Simons, which lost Canada Goose as a vendor last year, has removed designer apparel from its stores for the time being. Many retail stores in particular have been hit hard by the downturn. Toys Toys Toys: The Toronto-based toy retailer filed for bankruptcy this week and all product is being liquidated. The struggling Victoriaâs Secret brand has been quietly shutting down some of its stores in Canada.. The store has occupied âCanadaâs best retail cornerâ since 1999 and its vacancy will leave a hole in the âMink Mileâ. Me I wonât regardless of how my actions impact other and we is showing human compassion to all. I’m old enough to remember when this happened to the retail industry in the 90’s. Ascena Retail Group filed for Chapter 11 bankruptcy in July and â¦ The following 63 stores are slated to close by the end of 2020. After filing â¦ Stay away from ALL retailers, they don’t need your selfish bullshit. 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. We reported extensively on the filing last month. Anyone who thinks that are not only showing their ignorance to the highest degree, bit also rudeness to immuno-compromised or respiratory folks. As JC Penny undergoes a turnaround plan, the company said it was closing six stores in 2020 that will shut their doors on April 24. 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. Canada's Most-Read Online Retail Industry Publication. Claire's filed for bankruptcy on March 19, 2018 and will close 92 stores in the process. Isaia will replace Pink Tartan in a unique retail space that will become a gathering place for fans of the brand. It emerged from bankruptcy in October. 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. On opening day an estimated 50,000 people visited the exciting new retail operation and restaurant. The Childrenâs Place. Great article! Miniso: Chineses variety retailer Miniso, which positions itself as a Japanese brand, has been closing some stores across Canada. A blood pressure machine at the Columbia, Pennsylvania Kmart, as seen on June 23, 2020, has a "Do ...[+] Not Liquidate" sign posted on its screen. The list of store closings â¦ The content on this website is protected by the copyrights of Retail Insider Media Ltd. or the copyrights of third parties and used by agreement. Ascena Retail Group: 1,100 stores. 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. Gap. The Lowe’s in Shawnessy, which employs 118 people, and the Rona in Midnapore, which employs 35, are scheduled to shut their doors Jan. 31, 2020, along with 32 … The closures will affect 34 underperforming Loweâs and Rona stores, with all listed stores expected to â¦ Stores will remain closed for 2 weeks, and operations will be reassessed at that time. As a person who had a decade of retail experience from the mod 90s to early 2000s and have been working directly in healthcare since, I could not stress the importance of PPE to everyone including customers and retail staff. Major costs including rent and staffing were part of the challenge, not to mention increased costs associated with sanitization and PPE. 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 Canadaâs retail history. Long Tall Sally had stores in markets including in downtown Toronto, Vancouver, Ottawa, London, Edmonton, Calgary, and other markets in the past including Winnipeg and Saskatoon. Here are the stores Lowe’s is closing in Canada in the new year Click to return to homepage. I encourage you to stay home indefinitely if that’s the case. 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. “Government support is simply not enough,” the retailer said. The Bay is also closing its large Edmonton store and is said to be looking for buyers for its landmark downtown Montreal store as is the downtown Vancouver operation. Do you want to go to work putting yourself and others at risk? Let people who refuse to go anywhere without a mask stay at home. 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. Foodservice businesses such as restaurants will also add substantial vacancies to commercial properties in Canada. Gap is including in 2020's store closing list. Some independent retailers are reconsidering their operations altogether, recognizing that demand for some retail categories are expected to be less in the fall of 2020. Lowe's announced Monday, November 5 that they will be closing 51 stores in the United States and Canada.. The company entered Canada in 2017 and had plans to open about 500 stores as part of an ambitious expansion. 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. Things are constantly changing and not all things last forever. COVID-19 was the reset button that retailers needed. Creation of the landmark was accomplished with two steam shovels and lots of ‘horsepower’ and wooden wagons (HBC Winnipeg archives). 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. People and all retail entities learn to adapt or perish. Here's Why Walmart Is Closing Down Stores. 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. Chico’s has announced that it will be closing up to 250 stores in 2020. When government support for rents and staffing costs is reduced or eliminated, the pace of closures will likely increase. Scholarâs Choice: London Ontario-based kidâs education retailer Scholarâs Choice announced a significant restructuring this week.