I believe that once the majority of sales go to e-commerce the companies will have more and more returns due to quality issues. The combination of forced closures, decreased consumer spending and limited rent relief measures has left some retailers unable to maintain their existing operations. 18. 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. It’s up to you, the consumer, where you spend your dollars. As with many other brands the press release from corporate stated an inability to operate a sustainable business model in a challenging retail environment. Kids have been stopping at Things Engraved in malls across the country since 1982 getting Love You Mom engraved on a picture of themselves, or teenaged lovebirds engraving the name of their special somebody on a necklace charm. Lingerie brand La Senza could be the next retailer to go bankrupt. Amid financial turmoil and investor woes, the company has not been able to hold its market share amongst competitors who are launching new innovative designs. The company has since filed for creditor protection. We reached out to the La Senza corporate … Guide to best and biggest shopping malls, shopping centers locator with store directory. TORONTO – Popular Canadian retailer, La Senza, is closing many of its stores in Ontario, sources tell Global News. The Canadian brand Rona, was purchased by Lowe’s back in May, 2016. mobile boutique kiosk locations. Ikea Canada will be closing their new Pick-Up and order locations in Ontario. Learn more about, We may earn a commission when you buy through links on our site which supports, Companies’ Creditors Arrangement Act (CCAA). In the new year multiple suppliers filed asking to have La Senza be put on Chapter 7 bankruptcy in the US as they owe over $9 million to suppliers. The largest concern, according to the survey, was competition from Canadian online retailers. The Ontario-based parent company of Bootlegger, Ricki’s and Cleo filed for bankruptcy on June 3, 2020 with plans to close some less productive stores as part of its restructuring plans – though it has stated it needs “a significant show of support” from its landlords to do so. That said, we also think it would be wise to use any unused gift cards that may be lying around sooner rather than later…. The Chinese company positions the brand as “Japanese Lifestyle” with products available from stuffed toys to furniture. Carlton Cards and Papyrus: On Jan. 22, the owner of greeting card retailers including Carlton Cards and Papyrus announced it was closing all of its stores in North America, including 76 Canadian locations. Holt Renfrew has been a staple Canadian luxury brand for many years. Destination Maternity, the owner of Motherhood Maternity brand has announced that it will be closing some Canadian stores as the company restructures. TORONTO -- The company said the last few months have forced it to re-evaluate its business and customer experience in malls. While they state that they “will continue to have stores across Canada operating as usual”, the announcement does mention: For added peace of mind, if your nearest store is closing, we have developed contingency plans to give you the choice to either pick up from a different nearby store or have your rental shipped directly to you, for free. Weddings have glasses engraved, anniversary gifts from year one to 50; you name it. They will not be investing in real estate. Founded in 1926, the mid-range fashion company will restructure options as they “look to optimize its retail footprint in Canada to emerge from this process in a stronger state” including closing all its Thyme Maternity and Addition Elle chains, laying off roughly 1,400 workers out of their 6,800 employees. The company was founded 32 years ago by CEO Tony Aronson and his father. In an email sent to customers, the company said its gourmet candies will continue to be offered online and through its partners. Is Canada any different than anywhere else? A Lot of jewelry and kitchenware chain stores already went bankrupt and are not listed??? According to a Business Development Bank of Canada (BDC) survey, entrepreneurs are still optimistic for 2020 and will be investing in their businesses in the areas of technology, marketing and employee training. CEO Shawn Black told CTVNews.ca the company had been unprofitable for several years. As of June 29, 2020, Quebec-based Canadian clothing retailer Frank and Oak has filed for creditor protection and will be restructuring the business, including closing some of its 20 locations across Canada – which ones have yet to be determined. Plan your shopping and save money with Tiendeo! Solarina Ho Already, 4,810 store closures have been announced by retailers in 2019, according to Coresight Research. Store openings and closing are expected for the chain – it expects to open 300 locations in the Americas this year and typically closes around 100 locations per year. As its parent company Regent plans to downsize the chain, La Senza will be closing 17 stores across the country. “J’adore la lingerie La Senza,” customer Marie-Éve Desjardins wrote on the brand’s Facebook page. 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. Prior to the pandemic-related closures in March, Swimco had 25 locations in Ontario and Western Canada, according to a court filing. We thank our customers in Canada for your continued loyalty and for shopping with us over the years.” It’s time to find those one-of-a-kind items online, or maybe the new LL Bean Canada location. And what teen girl hasn’t dreamt of getting their first fancy undergarments from this staple lingerie store? It said it was also filing for Chapter 15 bankruptcy in the U.S. 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. For shoppers in London, Ontario a full sized location plan has been put on pause for the moment while they reevaluate the rapidly changing retail environment. 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