Over the past few years, Canada has seen some many once-beloved stores shutter locations or shut down business for good.
Just last year, we said goodbye to household names like Forever 21, Home Outfitters, and Payless to name a few. And the retail apocalypse has already claimed many victims in 2020.
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.
Below you’ll find a list of all the brands and retailers that have filed for bankruptcy or announced store closures in Canada in 2020.
Note: This article will be updated as more stores and brands announce filings and closures.
At the end of November 2019, home improvement chain Lowe’s Canada announced that it would be shuttering stores across Canada in order to improve overall performance. The closures will affect 34 underperforming Lowe’s and Rona stores, with all listed stores expected to close by the end of February 2020.
In January 2020, Bose announced that it would be shuttering all 119 locations across North America, Europe, Japan, and Australia. The electronics brand attributed the closures to a “dramatic shift to online shopping in specific markets.”
At the beginning of the year, a third quarter fiscal report for Pier 1 Imports revealed that overall sales were down at the home retailer. The retailer announced that it would “reduce its store footprint by up to 450 locations” in North America in order to lower its expenses and to “better align its business with the current operating environment.”
Back in October 2019, once-popular jeweller Links Of London began liquidating its American and U.K. stores, which later foreshadowed what would happen in Canada. In January 2020, the retailer announced that it planned on closing all five of its Canadian locations.
January saw many store closures in 2020. Carlton Cards & Papyrus will be closing all North American locations, totalling 78 Canadian locations and 178 locations in the U.S. With that being said, the closures aren’t all bad news — Carlton Cards and Papyrus will still be available at retail locations like Indigo, Sobey’s, and more.
After 74 years in business, fair trade retailer Ten Thousand Villages announced that it would be shuttering its Canadian operations, including its web store and the majority of its physical retail locations. There will 10 stores across Canada in total, and Canadians can expect retail operations to cease at the end of May 2020.
At the end of January 2020, Freemark Apparel Brands, the company that has the rights to sell Bench merchandise in Canada, announced that it would be closing all of its Bench stores to focus on e-commerce and wholesale clients. The closures are expected to affect all Canadian Bench locations, but the iconic U.K.-based brand will still be available in retailers like Hudson’s Bay, WINNERS, and more.
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