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The company's stores were sold to a group of liquidators, and its CEO announced that all stores would close by the end of August 2016. [293] [294] Stein Mart filed for Chapter 11 bankruptcy in August 2020 with intent to close all of its locations due to the COVID-19 pandemic. [295] Sur La Table filed for Chapter 11 bankruptcy in July 2020. [22]
Sunrise Records purchased 70 of the leases, reopening the stores under their own brand. [17] Holt Renfrew: department: August 2014: 3: Locations in Ottawa, Quebec City, and Winnipeg Holt Renfrew: department: May 2019: 1: Retailer had a downtown Edmonton store since 1950. [18] Hudson's Bay Company: department: May 2020: 1: Closure of a 207-year ...
Aeropostale Canada – subsidiary of the United States-based retailer Aeropostale, closed all 41 stores in Canada in 2016; A&A Records – founded in Toronto at the end of WWII, it was the dominant record chain store in Canada until being superseded by Sam the Record Man in the 1960s; it became defunct in 1993
The Seattle-based retailer entered Canada with a flourish in 2014, opening some of its most modern stores, but has decided it's no longer worth it to operate north of the border.
TJX Companies (TJX) closes its stores across the United States, Canada, Europe and Australia due to coronavirus concerns. Also, management withdraws its outlook for the first quarter and fiscal 2021.
7-Eleven announced nearly 450 store closures across the U.S. and Canada, citing rising costs and shifts in consumer habits as part of the reason.
The COVID-19 pandemic had a deep impact on the Canadian economy, leading it into a recession. The government's social distancing rules had the effect of limiting economic activity in the country. Companies started mass layoffs of workers, and Canada's unemployment rate was 13.5 percent in May 2020, the highest it has been since 1976. [1]
On the same day, Urban Outfitters, Verizon, and T-Mobile all announced their intentions to temporarily close stores as well. [13] The US's largest retailer, Walmart significantly reduced its hours across the nation. Known for its 24-hour store operations, the company initially announced the stores would be open from 6 a.m. to 11 p.m. on March 14.