Like many of the then giant department stores, it was more than just a store, it was a centre of the community. Adding to that are property taxes, insurance, and other expenses. This was another chapter in the golden age of huge department stores spread across the nation and lasted until about the 1960’s when people began moving to the suburbs and a very slow decline began. Bed Bath & Beyond stores closing list. After filing â¦ One of the last great vestiges of retail in Canada is set to close. The list of store closings â¦ 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. 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. Bath & Body Works is just one of the many businesses facing store closures in 2020. It emerged from bankruptcy in October. 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. The company says that in the fall designer brands will be moved back into Simons' stores. I encourage you to stay home indefinitely if that’s the case. In March 2019, Gap said it will be shuttering â¦ 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. The giant 'Bay' store in Winnipeg, already hurting from changing shopping habits, â¦ The Bay for the past few years has been trying to sell the store or at least some of the space. The store has occupied âCanadaâs best retail cornerâ since 1999 and its vacancy will leave a hole in the âMink Mileâ. Long Tall Sally: The womenâs fashion and footwear retailerâs international business is winding down and with it, all Canadian stores have shuttered. It leaves a gap in terms of fashion for taller women and women with large feet, and some transgendered women have also commented online about the loss of the store. Publications such as BlogTO seem to report almost daily on small businesses shutting in Toronto permanently, and itâs the same across the country. A Canadian landlord chained the doors of one Old Navy location according to a broker source. The huge Hudson's Bay department store has been a landmark fixture in downtown Winnipeg for over 90 years, but it will soon be closed and its future in doubt, another victim of changing consumer habits and of COVID ( Trevor Brine-CBC), By Marc Montgomery | The future of the entire company is in question and it remains to be seen what happens with other locations in the coming months. Below, an evolving tally of store closing updates. The giant retail store was opened in Winnipeg in 1926, to replace other Bay stores in the city and was designed as the flagship store of the Hudson’s Bay Company. Stay away from ALL retailers, they don’t need your selfish bullshit. 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. 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. 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. The future of GNC is uncertain and more units could close in the coming months. 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. "I get out to stores … "I'd say we're at about 50% of where we should be," former Walmart US CEO Greg Foran said in 2019. In February the president of retail Claude Sirois was let go. The company had high expectations given the success of competitors such as Lululemon. 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. Sir, How will this impact REIT. You have entered an incorrect email address! 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. 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. 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. When government support for rents and staffing costs is reduced or eliminated, the pace of closures will likely increase. He has studied the Canadian retail landscape for the past 25 years and he holds Bachelor of Commerce and Bachelor of Laws Degrees. 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. 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. â Tom Harrington (@cbctom) March 17, 2020. 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. 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. Starbucks says it will be closing up to 200 of its 1,400 stores in Canada over the next two years. (HBC Winnipeg archives). Jan. 31, 2020. But this does not mark the end for the retailer that has more than 1,200 locations in the U.S. and Canada. GNC: The struggling health supplement chain will close 29 Canadian stores as part of a major downsizing after a US bankruptcy filing last month. 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. Let people who refuse to go anywhere without a mask stay at home. Number of store closings: 200 between fiscal 2015 and 2017. The company wasnât paying rent on its stores for months during the COVID-19 shutdowns and sources are saying that several more Canadian units will be shuttering under the Gap, Banana Republic, and Old Navy banners. Victoriaâs Secret operates massive flagship stores in downtown Vancouver and Montreal as well as stores in malls across the country. Scholarâs Choice: London Ontario-based kidâs education retailer Scholarâs Choice announced a significant restructuring this week. The home improvement store said in a press release the locations are underperforming. 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. Perhaps ask the associates that work in those stores, that wear a mask all day for you to be able to shop. I have to admit through observation, there are people who are not able to support physical stores for other valid reasons. Retail Insider will continue to follow whatâs happening in the Canadian retail industry as businesses reopen following closures due to COVID-19. Many have been quietly restructuring operations which has included layoffs, and some retailers will seek creditor protection in an effort to close underperforming locations. Ascena Retail Group filed for Chapter 11 bankruptcy in July and â¦ Macyâs. Some retailers have struggled with credit insurance coverage for deliveries which means that some retailers could be understocked for the fall if at all. I won’t buy anything at a store if I have to wear a face mask to enter, sorry. 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. 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. The closures will affect 34 underperforming Loweâs and Rona stores, with all listed stores expected to â¦ Chicoâs has announced that it will be closing up to 250 stores in 2020. Itâs 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. Lowe's announced Monday, November 5 that they will be closing 51 stores in the United States and Canada.. 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. In January, officials said 20 of the 40 Bed Bath & Beyond stores scheduled to close would be delayed until the first half of 2020. 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. Good. Retailers that are still operating are also experiencing challenges at this time. 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. To all you Anti-maskers, pick a "REAL" cause to support with you energy. 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. Here's Why Walmart Is Closing Down Stores. Keep requiring masks, keep seeing bankruptcies. 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. The COVID-19 pandemic hastened plans for international companies to close stores in Canada and abroad. 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. There are fears that if left vacant it will become an eyesore. Last Updated: Monday, October 5, 2020 11:00. 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. On opening day an estimated 50,000 people visited the exciting new retail operation and restaurant. 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. This long list of stores closing in 2020 includes the ever-growing number of retailers that have filed for bankruptcy, closed locations, or both. Landlords are also making changes at this time. Trouble ensued as we reported last year amid claims of fraud, and the problems have continued since then.Many franchised Miniso locations were â¦ The companyâs stores include Vaughan Mills, Square One Shopping Centre, Erin Mills Town Centre, Scarborough Town Centre, and Oshawa Centre. 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. You know things aren't looking good when your boss says half of his site visits makes him touchy. 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. ... 2020 Claims A Long-Standing Canadian Swimwear Chain. email@example.comPosted: Monday, October 5, 2020 10:11 © 2020 Retail Insider Media Ltd. All Rights Reserved. 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. 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