The advertising revenue of Canadian local television and radio stations has fallen sharply. CTV
Not every company or Mall was meant to be around forever the USA and Canada had a surplus of retail stores and restaurants for decades now.
It was only a matter of time they went bankrupt or closed.
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As we’ve done in past years, we are keeping a watchful eye on the retail store closures and bankruptcies that affect the Canadian market. Here you’ll find a list of all the brands and retailers that have closed stores or filed for bankruptcy
If you keep noticing more going-out-of-business sales, there's a startling reason: Walgreens, Dressbarn, GameStop, Gap, and other chains have already announced over 8,000 store closings in 2019
Jean Machine filed for bankruptcy protection in January amid increased competition in the denim space from Uniqlo, H&M, Nordstrom, and other newer retail chains.
MONTREAL — Beauty and home products retailer Crabtree and Evelyn Canada Inc. is closing its stores and has filed for bankruptcy protection.
Payless to close all of its 2,500 stores
Here is a short video with a few images that show exactly before and after views!
Payless Shoes plans to liquidate all of its stores in the U.S. and all 248 stores in Canada as the discount shoe retailer seeks creditor protection.
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Home improvement retail Lowe’s has announced it will close 31 locations mostly under the Rona banner in Canada. They should have never open all those stores in the first place.
It was just no long ago that Lowe’s bought Canadian home improvement retailer Rona.
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Disappointing sales in discount stores weigh on Hudson’s Bay results
Why Retail Chain Store Are Being Closed
The move will offset a 0.2% decline in U.S. sales and a 3.2% decline across some of its international locations. The closures mark the first time that McDonald’s has closed locations in four decades.
Target is pulling out of Canada. The Minneapolis-based retailer has filed for creditor’s protection with the Ontario Superior Court of Justice and with tears in his eyes mentioned that personally this was a very difficult decision but it was the right decision for our company.
Subway Shuts Hundreds of U.S. Stores
Subway Restaurants closed hundreds of domestic locations last year, marking the biggest retrenchment in the history of a chain that spent decades saturating America with restaurants.
The company lost 359 U.S. locations in 2016, the first time that Subway had a net reduction.
The massive gourmet coffee chain recently announced that it plans to close all 379 of its Teavana retail stores, closures that will affect a staggering 3,300 employees.
Starbucks says it will close all of its 300+ Teavana stores over the coming year.
Canadian Clothing Danier Close For Good
If you're a loyal BCBG Max Azria shopper, we have some sad news for you—the upscale women's fashion brand is shuttering all of its standalone stores in Canada.
FedEx is closing its FedEx Office stores in Canada, will close its 24 stores, a manufacturing plant in Markham, Ontario, and it's a head office in Toronto.
As I mentioned last month, Gymboree is closing approximately 350 stores mainly across the Gymboree and Crazy 8 brands as part of their Chapter 11 Bankruptcy.
As Americans do more and more of their shopping on their devices instead of at the store, traditional retailers are reeling. Some are being forced to shrink — or go out of business altogether. Already 2017 has been a year of massive store closings, led by these chains.
The iconic Canadian department store opened its first outlet location in 2013 at the Toronto premium outlets. The outlet store instantly became a success and a second location in Montreal opened later the next year. After two years of business, Hudson’s Bay announced that both stores would close and be replaced with Saks Fifth Avenue’s outlet
The UK-based retailer, best known for its ‘fcuk’ emblazoned sweaters, has been quietly closing stores since 2013. The retailer currently only has two locations left in Canada: one in Toronto and one in Montreal.
The company decided to pull out of the Canadian market completely, halting online orders and shipments to Canada
Ben Moss Jewellers announced they would shutter all 54 locations.
The store will no longer honor any warranties previously purchased.
Last year, the Los Angeles-based retailer closed 50 of their 488 North American Guess stores.
The year prior, the retailer closed 19 locations.
Reitmans Canada Limited announced they would be shutting down all 107 Smart Set locations.
76 of those locations will be converted into other Reitmans Canada Limited operated stores
Trouble for Sears began in 2013 when they announced they would be laying off a large portion of their employees and selling the leases to 8 of their locations across Canada.
The Montreal-based retailer declared bankruptcy in the summer of 2014. After getting a second chance to obtain financing,
There was tons of excitement around the launch of Target Canada in 2013 however, Canadian shoppers were quickly disappointed. Complaints about the lack of products in-store, poor customer service, and high prices led Target to their demise in early 2015. They are set to close all Canadian locations by the end of spring 2015.
Grand and Toy announced they would be closing all 19 of their retail stores.
The decision to their brick-and-mortar, after 132 years of business, was due to a huge growth in online sales – only about 3% of sales came from in-store walk-ins.
The Japanese-based electronics retailer announced they would be closing all 14 of their Canadian locations. The closures came after poor television and mobile sales.
Sony will continue to sell electronics online and through its Canadian retail partners.
What's Happening to Sony
The second part of the story of Sony is here! Sony has been one of the greatest companies of our time but has recently started declining, what's happening? And Why?
The Dutch retailer declared bankruptcy. They will be closing 315 stores worldwide – 95 of them in Canada.
The Canadian womenswear retailer closed all of their locations.
With retailers like Saks and Nordstrom headed into Canada, Holt Renfrew is getting ready to tackle the competition.
There were 131 locations in total: 66 of them were closed permanently and 65 of them were converted into Best Buy locations.
The Mississauga-based company owns Cleo, Ricki’s, and Bootlegger and have been open since 1976. They closed a number of underperforming stores but have since been acquired by Pacific West Commercial Corporation.
Telus announced they would be closing down all 59 Black Photography locations.
The photography and photo supply store was unable to keep up with the digital age.
https://www.charismanews.com/opinion/55449-13-of-the-biggest-retailers-in-america-are-closing-down-stores
1. Sears lost 580 million dollars in the fourth quarter of 2015 alone, and they are scheduled to close at least 50 more "unprofitable stores" by the end of this year.
2. It is being reported that Sports Authority will file for bankruptcy in March.
3. For decades, Kohl's has been growing aggressively, but now it plans to shutter 18 stores
The next seven examples come from one of my previous articles ...
hundreds of stores will close. It seems that the 323 Family Dollar locations--which are owned by a small Charlotte-based chain Dollar Express, and not involved in a 2015 merger with Dollar Tree--will be closing this spring. Layoff notices began going out this week.
All 240 Family Christian Stores Are Closing
More than two years ago, suppliers forgave Family Christian Stores $127 million in debt so that it could remain open. Today, the chain—which bills itself as “the world’s largest retailer of Christian-themed merchandise”—announced it is closing all of its stores after 85 years in business.
Toronto’s Best Fine Foods closes doors
Toronto gourmet food store has closed its doors after its owners could not keep pace with rising costs. All the Best Fine Foods, a 32-year-old store selling prepared foods, bread, and cheeses, declared bankruptcy. The company had a flagship location in Summerhill in addition to a store near Church and Wellesley, and a commercial kitchen in Leaside.
Speaking at its analyst day event Thursday, CVS Health executives outlined their long-term strategy for growth, which includes closing 70 stores in the coming months.
In another blow to a beleaguered region, 47 jobs will be lost on Opaskwayak Cree Nation near The Pas, Man., when the IGA store there closes in the coming weeks.
Most of the stores that are closing are in urban locations, with the largest in downtown Minneapolis. The 1.25 million-square-foot facility opened more than a century ago as a Dayton’s department store. Macy’s purchased it in 2005, but has recently been using only about half of the space, the Star-Tribune reported.
Another day, another retailer trimming its store count
Loblaws announces the closure of 52 stores
photo of DITA SARI
Bessie Love My wife's niece worked in one of these factories in Honduras.
They gave her 3 minutes to eat her lunch. She had to eat it standing up.
Javid Dar The beautiful minds like John Pilger expose the ugly minds of cruel capitalists, supported by IMF and World Bank, who have been exploiting human beings worldwide through political instability, unemployment, and poverty.
“The U.S. stock market at this level reflects a combination of great demand, great complacency, and great greed. Stocks are clearly in a bubble, and like all bubbles, this one is about to burst.”
