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. That includes closing nine stores in Ontario, three in Alberta and one in Nova Scotia. The company will focus on e-commerce moving forward. 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. 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. Trouble ensued as we reported last year amid claims of fraud, and the problems have continued since then. Chico’s. The COVID-19 pandemic hastened plans for international companies to close stores in Canada and abroad. Given the thin margins that many restaurants operate with, closures and reduced capacity have impacted some that have already closed while others will struggle and eventually shutter over the summer or into the fall. The home improvement store said in a press release the locations are underperforming. Miniso: Chineses variety retailer Miniso, which positions itself as a Japanese brand, has been closing some stores across Canada. 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. Victoria’s Secret: We previously reported that lingerie and underwear retailer Victoria’s 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. 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. 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 hope business picks up for the retail stores, after all they employ many Canadians and provide them with a living. Larger retailers are also looking to the future which for some will include fewer store locations. Bath & Body Works is just one of the many businesses facing store closures in 2020. I won’t buy anything at a store if I have to wear a face mask to enter, sorry. Publications such as BlogTO seem to report almost daily on small businesses shutting in Toronto permanently, and it’s the same across the country. Some fashion retailers have been hit particularly hard given the purchase and delivery cycle. This is extremely unfortunate. Here's Why Walmart Is Closing Down Stores. 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. 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. Retailers that are still operating are also experiencing challenges at this time. One of the last great vestiges of retail in Canada is set to close. The David’s Tea concept stores opened quickly over the past five years and the cost of real estate proved to be a challenge. Like many of the then giant department stores, it was more than just a store, it was a centre of the community. The following 63 stores are slated to close by the end of 2020. Disgusting in fact. Last Updated: Monday, October 5, 2020 11:00. 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. 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. GOOD! 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. Save my name, email, and website in this browser for the next time I comment. COVID-19 was the reset button that retailers needed. 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. 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. Anyone who thinks that are not only showing their ignorance to the highest degree, bit also rudeness to immuno-compromised or respiratory folks. Inside in 1926, it was not just a store for shopping, but an ‘experience’ with music and food, and beauty salons, post office, and library. 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. 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? International retailers with stores in Canada are also filing for bankruptcy protection and are looking to close stores in Canada. Montreal-based fashion retailer is shuttering its 77-store women’s 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. Victoria’s Secret operates massive flagship stores in downtown Vancouver and Montreal as well as stores in malls across the country. Besides grocery and pharmacy retailers which have seen sales spikes while being permitted to stay open during the pandemic, some strong brands are also seeing strong sales. 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. Lowe's announced Monday, November 5 that they will be closing 51 stores in the United States and Canada.. Truly, we all need to support all of our retailers where and when we can. He has studied the Canadian retail landscape for the past 25 years and he holds Bachelor of Commerce and Bachelor of Laws Degrees. One can agree to disagree but the strong language to support your reasons makes your valid points become a kettlebell drop to the foot. 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. The list of store closings … 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. 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. Hudson’s Bay announced it will close the operation in February 2021. The giant ‘Bay’ store in Winnipeg, already hurting from changing shopping habits, has now succumbed to COVID. Long Tall Sally: The women’s fashion and footwear retailer’s international business is winding down and with it, all Canadian stores have shuttered. This is simply Darwinism applied to the retail front. You won’t wear a mask maybe you will get sick and see that because you didn’t wear a mask you are on a ventilator germs are everywhere whylet your germs infect others while others wear a mask to protect you?just common courtesy. © 2020 Retail Insider Media Ltd. All Rights Reserved. That will result in substantial vacancies for CRUs in the 1,000-2,000-square-foot range. and the Edmonton store on 82nd Avenue N.W. Stay home then! 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. At the end of November 2019, home improvement chain Lowe’s Canada announced that it would be shuttering stores across Canada in order to improve overall performance. The store began a closing … Are they in trouble too? Many retail stores in particular have been hit hard by the downturn. I never understand how so many of these stores were going to survive in a good economy, let alone during this crisis. A little harsh, coming from a professional person such as yourself…. The Bay for the past few years has been trying to sell the store or at least some of the space. You have entered an incorrect email address! 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. The company had high expectations given the success of competitors such as Lululemon. Victoria’s Secret, which is also owned by L Brands, recently announced plans to … Ever hear of reciprocity, if not…GOOGLE it! Lucky Brand: After a bankruptcy filing this month, denim fashion brand Lucky Brand has filed for bankruptcy and some stores will be closing. Some retailers have struggled with credit insurance coverage for deliveries which means that some retailers could be understocked for the fall if at all. 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. A Canadian landlord chained the doors of one Old Navy location according to a broker source. It also had a post office, beauty parlour, public telephones, a library, and for a while, an auditorium with its own orchestra. It’s unclear what will happen to the store at Square One in Mississauga which opened in the summer of 2016 in an upscale wing anchored by Holt Renfrew. 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. Adding to that are property taxes, insurance, and other expenses. You know things aren't looking good when your boss says half of his site visits makes him touchy. 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. There are other examples not included above that we have reported on since March of this year. But this does not … In March 2019, Gap said it will be shuttering … All of the store closures will have an impact on landlords who will have to find tenants to replace them, or reconsider the real estate portfolio altogether. 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. Resulting from … Those locations include the Calgary store on Crowchild Trail N.W. There are fears that if left vacant it will become an eyesore. Ascena Retail Group filed for Chapter 11 bankruptcy in July and … One of the last great vestiges of retail in Canada is set to close. ... 2020 1:05 pm EST. Frank And Oak: Last month Montreal-based fashion retailer Frank And Oak filed for bankruptcy protection with about $19 million in debts. And at the same time, there is good news from some retailers worth mentioning. That includes luxury brands in the Toronto and Vancouver markets, which are said to be seeing record-breaking sales numbers in some instances. A.D. Hennick & Associates and Danbury Global are handling the liquidation sale. 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 … The global coronavirus pandemic’s impact on the economy is still ongoing. 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. A total of 13 of the retailer’s 16 stores will close permanently. But at the same time, the retail world is a perpetually evolving industry. RONA Calgary (Midnapore) 14815 Bannister Rd. english@rcinet.caPosted: Monday, October 5, 2020 10:11 Now located in Toronto, Craig is a retail analyst and consultant at the Retail Council of Canada. The store's nostalgic 90s-themed pop-up shops — which were supposed to run until April 2020 — will also close. Perhaps ask the associates that work in those stores, that wear a mask all day for you to be able to shop. After filing … 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. Claire's filed for bankruptcy on March 19, 2018 and will close 92 stores in the process. 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. Founded in 1919 as “Canada’s Original Discount Store”, the company announced on May 9, 2020 that it would be closing its five remaining locations in Vancouver, New Westminster, B.C., Langley, B.C., Calgary and Edmonton. Anti maskers I don’t get you. 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. When I’m out right now my local malls seem to be fairly busy. Microsoft: The Seattle-based technology company announced last month that all of its brick-and-mortar stores would close, including seven units in Canada. Your Favourite '90s Clothing Store Is Closing. 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. 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 … Foodservice businesses such as restaurants will also add substantial vacancies to commercial properties in Canada. — Tom Harrington (@cbctom) March 17, 2020. 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. I’m old enough to remember when this happened to the retail industry in the 90’s. It’s an encouraging sign. Stage Stores, which owns Gordmans, Bealls, and Goody’s, has closed all 700 locations. Scholar’s Choice: London Ontario-based kid’s education retailer Scholar’s Choice announced a significant restructuring this week. 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. The list of store closings … Landlords are also making changes at this time. Major costs including rent and staffing were part of the challenge, not to mention increased costs associated with sanitization and PPE. 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