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. I have to admit through observation, there are people who are not able to support physical stores for other valid reasons. 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. 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. 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. Adding to that are property taxes, insurance, and other expenses. 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. Things are constantly changing and not all things last forever. A Canadian landlord chained the doors of one Old Navy location according to a broker source. 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. Many stores will be closing in Canada over the summer as brands are hit hard in the wake of the COVID-19 pandemic. Comark Holdings: The parent company for Rickiâs, Cleo and Bootlegger filed for bankruptcy protection last month and with that, many stores are expected to close. 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 Bay for the past few years has been trying to sell the store or at least some of the space. 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. But at the same time, the retail world is a perpetually evolving industry. 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. 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¦ © 2020 Retail Insider Media Ltd. All Rights Reserved. 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. (HBC Winnipeg archives). In March 2019, Gap said it will be shuttering â¦ Starbucks says it will be closing up to 200 of its 1,400 stores in Canada over the next two years. In March of this year, Frank And Oak co-founder Ethan Song left the company. You have entered an incorrect email address! The home improvement store said in a press release the locations are underperforming. No part of any of the content of this website may be reproduced, distributed, modified, framed, cached, adapted or linked to, or made available in any form by any photographic, electronic, digital, mechanical, photostat, microfilm, xerography or other means, or incorporated into or used in any information storage and retrieval system, electronic or mechanical, without the prior written permission of Retail Insider Media Ltd. or the applicable third party copyright owner. 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 … Lucky Brand: After a bankruptcy filing this month, denim fashion brand Lucky Brand has filed for bankruptcy and some stores will be closing. During this closure, store associates will be paid for all scheduled shifts. The Childrenâs Place. One of the last great vestiges of retail in Canada is set to close. and the Edmonton store on 82nd Avenue N.W. The three remaining physical stores will act as regional sales and distribution centres to support the shift in the business with units remaining in London, Winnipeg and Moncton NB. Some retailers have struggled with credit insurance coverage for deliveries which means that some retailers could be understocked for the fall if at all. Publications such as BlogTO seem to report almost daily on small businesses shutting in Toronto permanently, and itâs the same across the country. You know things aren't looking good when your boss says half of his site visits makes him touchy. He has studied the Canadian retail landscape for the past 25 years and he holds Bachelor of Commerce and Bachelor of Laws Degrees. The company hadnât paid landlords rent in months and will renegotiate remaining locations. Some of the shuttered locations will be replaced or kiosks will be located nearby â last year Starbucks piloted a take-out concept in Torontoâs Financial District and more are expected to come. Developers have explored the possibility of conversion to condos or apartments but decided also that costs would be too high. The global coronavirus pandemicâs impact on the economy is still ongoing. That includes closing nine stores in Ontario, three in Alberta and one in Nova Scotia. International retailers with stores in Canada are also filing for bankruptcy protection and are looking to close stores in Canada. S.E., Calgary. Just look at our neighbour the USA and how many cases of Covid are there because people buy into these absurd conspiracy theories and don’t wear masks. Macy's - After losing Boston Store I'm a little worried to hear Macy's is closing some locations. The seven Microsoft Canadian stores are all in high-profile malls including CF Chinook Centre in Calgary, West Edmonton Mall in Edmonton, Metropolis at Metrotown in suburban Vancouver, CF Pacific Centre in Vancouver, Square One in Mississauga, CF Toronto Eaton Centre in Toronto, and the Yorkdale Shopping Centre in Toronto. 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 Canadaâs soundscape, Asbestos: town to try again for new name to distance itself from its past. I hope retailers can find a way to turn the tide in the second half of 2020. Some locations that are currently open, including a Miniso store on Robson Street in Vancouver, are for sublease. That will result in substantial vacancies for CRUs in the 1,000-2,000-square-foot range. ... Jan. 31, 2020. 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 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. GOOD! 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. 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. Loleâs filings indicated that the company has about $47 million in debt. 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. Victoriaâs Secret, which is also owned by L Brands, recently announced plans to â¦ The COVID-19 pandemic hastened plans for international companies to close stores in Canada and abroad. It’s mandatory to wear pants to enter a store too, why don’t you become a "Antipant-er". Approximately 200 stores will close over the next two years. Disgusting in fact. 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. I recently took my daughter to the mall for the first time since Covid and we wore our masks and abided by all safety measures as did the stores and malls and we had a great experience and than all the staff for what they are doing to keep everyone safe. 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. The future of GNC is uncertain and more units could close 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. Chico’s has announced that it will be closing up to 250 stores in 2020. This long list of stores closing in 2020 includes the ever-growing number of retailers that have filed for bankruptcy, closed locations, or both. Shoppers like those put a strain to business prior to pandemic and place a much greater hardship to others today. On Tuesday, news reports noted that Authentic Brands Group and landlord Simon Property Group were looking to buy Lucky Brand. Chicoâs. Microsoft will continue to focus its sales efforts online. He is also President & CEO of Vancouver-based Retail Insider Media Ltd. I never understand how so many of these stores were going to survive in a good economy, let alone during this crisis. Jan. 31, 2020. Creation of the landmark was accomplished with two steam shovels and lots of ‘horsepower’ and wooden wagons (HBC Winnipeg archives). The store began a closing â¦ Save my name, email, and website in this browser for the next time I comment. 2020 was already set to be a tough year for many retail stores before the pandemic, as 2019 saw a record number of permanent store closures.Even as retail stores shift to online and curbside pickup, 2020 is on pace to break that record for store closing. One of the last great vestiges of retail in Canada is set to close. The company has 124 stores in Canada. Several Peopleâs Jewellers locations are said to have closed permanently and the future of the Mooreâs menswear chain is in question as US parent company Tailored Brands struggles. Frank And Oak: Last month Montreal-based fashion retailer Frank And Oak filed for bankruptcy protection with about $19 million in debts. After filing â¦ Toys Toys Toys: The Toronto-based toy retailer filed for bankruptcy this week and all product is being liquidated. Bestseller: The Danish retailer shut its Bestseller-branded stores in Canada in the spring (including converting a Winnipeg unit to a Jack & Jones banner) and last month, announced in a bankruptcy filing that it would be closing more stores under its Jack & Jones and Vero Moda banners in Canada. email@example.comPosted: Monday, October 5, 2020 10:11 But this does not mark the end for the retailer that has more than 1,200 locations in the U.S. and Canada. Although declared a ‘heritage building’ in 2019, the fate of the store remains in some doubt. Loweâshas announced it will close an additional 34 stores across six provinces. 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. Stay away from ALL retailers, they don’t need your selfish bullshit. The company will focus on e-commerce moving forward. 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. Keep requiring masks, keep seeing bankruptcies. The Gap: San Francisco-based fashion retailer The Gap has been quietly closing stores in Canada for the past several years. The closures, which are set for early next year, include 26 Ronalocations, six Loweâs locations and two Reno-Depotsâ¦ Below, an evolving tally of store closing updates. Major costs including rent and staffing were part of the challenge, not to mention increased costs associated with sanitization and PPE. Due to distancing requirements and constant sanitation needs, many stores limit maximum customer capacity resulting line ups. Stage Stores, which owns Gordmans, Bealls, and Goodyâs, has closed all 700 locations. Retail Insider will continue to follow whatâs happening in the Canadian retail industry as businesses reopen following closures due to COVID-19. When government support for rents and staffing costs is reduced or eliminated, the pace of closures will likely increase. ... Itâs the first step in eventually shutting down all 123 of its stores across Canada. The companyâs stores include Vaughan Mills, Square One Shopping Centre, Erin Mills Town Centre, Scarborough Town Centre, and Oshawa Centre. The store’s parent company, L Brands, revealed in a first quarter earnings presentation that 50 Bath & Body Works locations in the United States, as well as one store in Canada, will close in 2020. The company has 20 stores and is reportedly looking at closing 17 of them, leaving two stores in Quebec and one in Ontario. Today in, coronavirus sucks.Bed Bath & Beyond Inc. the parent company that owns Buybuy Baby, World Market, and Harmon Face Values, but most popularly, Bed Bath & Beyond, have announced that they will be closing approximately 200 stores across both the United States and Canada over the next two years. One retailer Retail Insider spoke with said that her familyâs retirement plans were already in jeopardy and that it might make more sense to shut down stores rather than take the risk of restocking for the fall. There are fears that if left vacant it will become an eyesore. The giant ‘Bay’ store in Winnipeg, already hurting from changing shopping habits, has now succumbed to COVID. COVID-19 was the reset button that retailers needed. 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. 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. Do you want to go to work putting yourself and others at risk? 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. 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? Other large retailers are making major staffing cuts. Scholarâs Choice: London Ontario-based kidâs education retailer Scholarâs Choice announced a significant restructuring this week. 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. 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. To all you Anti-maskers, pick a "REAL" cause to support with you energy. 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. Macyâs. 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. Truly, we all need to support all of our retailers where and when we can. Stay home then! Interesting on the me or we attitude. 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. It emerged from bankruptcy in October. Sir, How will this impact REIT. Here are the stores Lowe’s is closing in Canada in the new year Click to return to homepage. Vancouver-based RYU Apparel has shut its mall-based stores in suburban Toronto and Vancouver as well as a unit near Robson Street, and weâre awaiting future details on the company. Boycott all nonsense. 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. 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. 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. An appraisal last year valued the building a $0 as renovations to another purpose would cost in the tens of millions up to over $100 million, thus much more than the theoretical value of the structure. 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. Many retail stores in particular have been hit hard by the downturn. 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