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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-old location [2] [19] Lowe's Canada: department December 2023 - [20] Jean Machine: clothing: November 2018: 24: Remaining stores. [21 ...
Sam Ash Music, a musical instrument retailer, announced in March 2024 that it would close 18 of its stores. It later announced in May 2024 that it would close all 42 locations by the end of July 2024. Competition from online shopping was blamed as a reason for the closures. [262] Sam's Club, a subsidiary of Walmart, closed 63 stores in 2018.
Companies tend to use the Chapter 11 process to wind down some operations, tackle mounting debt and save on costs by closing locations. Here are some of the most notable bankruptcies of 2024 ...
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2016; A&A Records – founded in Toronto at the end of WWII, it was the dominant record chain store in Canada until being superseded by Sam the Record Man in the 1960s; it became defunct in 1993
Macy's plans to close 50 stores in 2024 and 150 locations in total by 2026. ... March 1, 2024 at 4:29 PM ... but experts say the drop in the company's stock price most likely drove the plans to ...
The reduction will result in closing roughly 500 corporate-owned stores plus about 200 independently operated locations. The company did not immediately provide a full list of locations set to close.
Multinational investment management company based in Toronto. 232 Power Corporation of Canada: $55,488 33,700 Diversified international management company primarily focused on the financials sector and including holdings in telecommunications and media. Subsidiaries include Power Financial, Gesca and Great-West Lifeco. 277 Manulife Financial ...
IGA / IGA Extra in Alberta, Manitoba, Quebec, some parts of Atlantic Canada formerly CO-OP Atlantic and Saskatchewan only; Marché Bonichoix; Marché Tradition; Rachelle-Béry; Safeway; Sobeys; Thrifty Foods; Pete's Frootique; Longo's (Sobeys has purchased 51% of Longo's, with an option to buy the remaining shares within the next 10 years ...