What type of emails would you like to receive? 0 Spread the love. The retailer announced that it would “reduce its store footprint by up to 450 locations” in North America in order to lower its expenses and to “better align its business with the current operating environment.” And just a month after the original statement, the retailer announced that all 67 Canadian Pier 1 stores will be closing. The company operated 400 stores in eight countries, with most of its locations in Canada. January saw many store closures in 2020. By Dawn Geske 01/27/20 AT 3:52 PM. Microsoft has seven stores in Canada, which will all be closing. Stores closing in 2020: 2. Tween retailer Justice is permanently closing more than 600 of its U.S. stores as part of parent company Ascena Retail Group's bankruptcy.. New Jersey-based Ascena, which also … Panik! The company also famously launched their Aromatherapy collection – which was a hit on … Only four locations in London, New York City, Sydney, and Redmond, Wash. will remain as “reimagined” physical spaces. It closed down 166 Canadian locations and 42 in the U.S. Upload credit : davidstea | Instagram Website Garage/Dynamite Montreal-based Groupe Dynamite filed for creditor protection in September, closing an unspecified amount of North American stores. In a press release, David Bensadoun, Chief Executive Officer of the company, said, “It is no secret that the retail industry has experienced rapid and significant change over the last several years. RONA Surrey (Newton) 6965 King George Blvd., Surrey The RONA in Brockville, at 550 Stewart Boulevard and the Lowe's in Cornwall, at 950 Brookdale Avenue will close by January 31, 2020. Last Updated: Monday, October 5, 2020 11:00. records more than 2,200 COVID-19 cases for first time, Canada locks in thousands more early COVID-19 vaccine doses, Working from home this year? The company has since filed for creditor protection. The retailer reportedly had more than 1,500 stores in the U.S. and Canada under all its brands as of August 2019. Here's Why Walmart Is Closing Down Stores. Montreal-based ALDO, the parent company of GLOBO, Aldo Shoes, and Call It Spring, obtained creditor protection in May 2020. The iconic pink door shop, Pink Tartan has emptied its 3,500 square-foot store and closing its doors at the Yorkville flagship. The combination of forced closures, decreased consumer spending and limited rent relief measures has left some retailers unable to maintain their existing operations. Why do physical stores keep closing? Victoria's Secret and Bath & Body Works: L Brands announced May 20 that it will close 13 of the 38 Victoria's Secret stores in Canada, as well as one Bath & Body Works location, as part of a larger restructuring that also affects the company's American operations. 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. Suche. 18 Apple Way, Ashford, AL. Links of London: Luxury brand Links of London had planned a major Canadian expansion as recently as 2016, but only ever opened five stores in the country and announced Jan. 10 that all stores will be closed, according to Retail Insider. Type. Justin Sullivan/Getty Images . DavidsTea: The Montreal-based beverage retailer announced on July 30 that it would only reopen 18 of its stores in Canada, shuttering 166 Canadian locations and all of its 42 U.S. stores to focus more on its e-commerce business and supplying grocery stores and pharmacies. With files from CTVNews.ca's Jeremiah Rodriguez, Brooklyn Neustaeter and The Canadian Press, In this Aug. 6, 2020, file photo, a customer leaves a Pier 1 retail store, which is going out of business, during the coronavirus pandemic in Coral Gables, Fla. (AP Photo/Lynne Sladky, File). During this closure, store associates will be paid for all scheduled shifts. 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. Victoria’s Secret’s parent company, L Brands, said in May that it plans to close 251 stores in the US and Canada in 2020. Garage, Dynamite: Montreal-based Groupe Dynamite, Inc. filed for creditor protection in September under the Companies’ Creditors Arrangement Act (CCAA) and will restructure its business, becoming the latest retailer crippled by the economic fallout of the pandemic.The company behind the Garage and Dynamite store brands said COVID-19 caused an “unsustainable strain” on the business, which includes more than 300 North American stores -- 85 of them located in the United States. As its parent company Regent plans to downsize the chain, La Senza will be closing 17 stores across the country. Groupe Dynamite, the Montreal-based company that owns Dynamite and Garage, filed for Creditor Protection in September. Bose: U.S.-based audio equipment retailer Bose will shutter its 24 remaining Canadian stores as part of the chain’s closure of 119 locations around the world, according to online publication Retail Insider reported in early January. It's hard for regional discount department stores to hold their own against national giants Walmart, Target and Kohl's. Le Château: After 60 years in operation, the Montreal-based clothing retailer announced on Oct. 23 that it plans to close 123 stores and liquidate all its assets. This news means that 77 Addition Elle and 54 Thyme Maternity locations will close as part of Reitmans’ restructuring plan since it filed for creditor protection. Squish opened its first store in 2014 in Laval, Que. 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 … Driver tries to switch seats after being pulled over by cop. Read more: These major retailers are closing stores in 2017. At the end of January 2020, Freemark Apparel Brands, the company that has the rights to sell Bench merchandise in Canada, announced that it would be closing all of its Bench stores to focus on e-commerce and wholesale clients. Listen and subscribe to get a weekly update with the newsmakers who matter. TCP wants to refocus on expanding its sales on Amazon and growing its international business, says Forbes. The makeup retailer said it's closing all of its stores and brow bars in the U.S. and Canada, as of end of day March 17. By Dawn Geske 01/27/20 AT 3:52 PM. Today in, coronavirus sucks. Bed Bath & Beyond expected to close 200 stores in Canada and the U.S. Curiocity Staff Jul 10, 2020 . Below, an evolving tally of store closing updates. By Hope Ngo / July 20, 2020 1:05 pm EST. It reported this month that sources indicated all nine Vero Moda locations would be closed and 13 of the 51 Jack and Jones stores would also close. At the time of the announcement, there were no confirmed number of store closings. Dr. Marla: Can you get the vaccine if you've had COVID-19? The Toronto-based and family-owned company also runs M Boutique, which will likely be closing as well. Canadian Tire; Holt Renfrew; Hudson's Bay (retailer)-owned by American group, NRDC Equity Partners La Maison Simons; Winners - Canadian unit of US based parent TJX; HomeSense - Canadian unit of US based parent TJX; Marshalls - Canadian unit of US based parent TJX; Giant Tiger; Fields; Electronics stores. Back in October 2019, once-popular jeweller Links Of London began liquidating its American and U.K. stores, which later foreshadowed what would happen in Canada. Unfortunately, the bankruptcy means the closure of 123 stores across Canada. The retailer says it has spent much of the COVID-19 pandemic trying to refinance or sell the business to a third party that would keep it in operation, but was unsuccessful. 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