After 114 years of business, Stollerys, the menswear retailer located on the southwest corner of Yonge and Bloor, will be closing down shop. The news of closure comes after years of speculation that the retailer was in trouble. With competitors such as Harry Rosen and Holt Renfrew in such close distance, industry observers were unconfident the store could survive without revamping their image. In 2012, rumours swirled that the retailer would be replaced with an Apple store – though, those rumours were quickly squashed.

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An exact date for the closure hasn’t been set, but Stollerys’ sales manager estimates that they will shutdown after the holidays in early 2015. There is no word if their online store, which was launched last year in an attempt keep up with the heightened menswear competition, will stay open. A developer has already purchased the building, but there is no word of what will be replacing the over-century-old space.

About Stollerys (from their website):

Since 1901 Stollerys has earned its reputation purveying fine apparel to discerning clientele the world over. Frank Stollery founded the business here at Canada’s finest retail address, Number One Bloor Street West. Started as a small shop at the intersections of Bloor and Yonge streets, “the crossroads of Canada”, the store has grown to its current four floors of the finest tailored British and European inspired garments for men and women of taste. We continue to have our products manufactured to painstakingly high standards using the finest fabrics combined with classic styling and contemporary designs and fresh colours. Stollerys has remained steadfast for more than a century providing highly desirable merchandise at an affordable price. Our professional sales associates offer a wealth of expertise and knowledge to assist with your selection.

Will you be sad to see Stollerys go? Let us know in the comments below!

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Images via Stollerys