retail bankruptcies 2020 canada

Another Canadian retailer Mendocino is closing its stores for good, as reported in July. Not only did the store sell its own Pink Tartan fashion pieces, but it also offered vintage luxury designer products as well. CTVNews.ca Writer, Ryan Flanagan which has also filed for creditor protection, closing nearly all of its 83 physical stores, close all stores under its Thyme Maternity and Addition Elle banners, close 13 of the 38 Victoria's Secret stores in Canada, closing all of its stores in North America, according to online publication Retail Insider, As 2020 retail closures accumulate, thousands more expected, As companies reopen, 'main street' stores in urban cores need help, Joly says, More showrooms, digital mirrors among ways COVID-19 may change retail, Prairie ticket holder wins Friday night's $60 million Lotto Max jackpot, RCMP calls off search for sunken scallop dragger in the Bay of Fundy, Quebec man obsessed with COVID-19 conspiracy theories found with cache of homemade bombs, weapons, 350 Canada Post employees at Mississauga, Ont. Then sign up to become an SDInsider. Although the footwear retailer said it will gradually reopen its stores as public health guidelines permit, legal filings reportedly state that an unspecified number of stores are not expected to ever reopen. L.A. based denim company Lucky Brand has filed for Chapter 11 bankruptcy. The company has since filed for creditor protection. Measures to contain the coronavirus will sharply impact domestic retailers and retail REITs, as will the ensuing recession. Swimco: Swimwear retailer Swimco is closing its door after 45 years, the family-owned, Calgary-based company announced on its website in October, marking the latest Canadian company to fall victim in what has been an extremely difficult year for retailers. 15 Canadian Home Decor Stores You Can Shop Online, 60+ Canadian Shopping Websites To Have On Your Radar, The Running List Of Retail Store Closures And Bankruptcies In 2021, 15 Awesome Sales To Shop This Weekend: OAK+FORT, SSENSE, Ardene, Club Monaco & More, 15+ Sales To Shop This Weekend: Aerie, Nordstrom Rack, SSENSE, Coach & More, 10 Of The Best Places To Shop If You Love H&M, The 21 Best Canadian Online Stores for Sneakers, announced that it would be shuttering stores across Canada, retailer announced that all 67 Canadian Pier 1 stores will be closing, Carlton Cards & Papyrus will be closing all North American locations, announced that it would be closing all of its Bench stores, Gap announced that many of its stores would not reopen, Muji U.S.A. filed for Chapter 11 bankruptcy. Get details about StyleDemocracy hosted events, as well as sales hosted by our trusted partners. Unfortunately, two Hudson’s Bay locations were temporarily shut down by landlords, one in Vancouver, and one in Toronto at Centrepoint Mall. Only three stores will remain open – London, Ont., Winnipeg and Moncton – and act as regional sales and distribution centres. Notably, Ascena also owns Lane Bryant, LOFT, Lou & Grey, and Justice. Global News reports that Lucky brand will close 13 of the 200 stores it operates, but that number could go up. facility sent home to self-isolate as cases continue to rise, 14-day lockdown for New Brunswick's Edmundston region set to take effect, 2 Albertans in their 20s among the 13 COVID-19 deaths reported Saturday, Iconic broadcaster Larry King dead at age 87, Archive: Larry King's past interviews with Canada AM, Health Canada approves new COVID-19 rapid testing device, Quebec researchers say they have found an effective drug to fight COVID-19, At least 1 in 3 COVID-19 infections are asymptomatic, study suggests, O'Toole defends decision to oust controversial MP Derek Sloan, Supporters' words may haunt Trump at impeachment trial, Ottawa-based Spartan Bioscience says rapid COVID-19 test approved by Health Canada, Dramatic bodycam footage of woman and dog saved from ice, This bundled-up Bernie meme has the entire internet talking, Loyal dog waits days outside Turkish hospital for its owner, McConnell privately says he wants Trump gone as Republicans quietly lobby him to convict, Police rescue woman and dog from icy waters, U.K. couple gets married in COVID-19 ward, Dog waits days for its owner outside hospital. Visit us for updates on the very best shopping events and news on all things fashion, beauty, retail, and lifestyle. Note: This article will be updated as more stores and brands announce filings and closures. The Toronto-based and family-owned company also runs M Boutique, which will likely be closing as well. 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. The store which resides at 60 Bloor Street West has been in that same location for over 30 years now. 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. The Niagara Outlet Collection reopen as temporary store closures or sought bankruptcy protection taken a hit due COVID-19... 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