The global health crisis has claimed many retailers victim since it was declared. In just a few months, we’ve seen retailers like Victoria’s Secret, J.Crew, and Gap struggle to stay afloat, and the list continues to grow.
According to Retail Insider, Ontario-based Comark has filed for bankruptcy protection.
The company operates Bootlegger, Cleo, and Ricki’s. This will be the second time in five years that the retailer has filed for bankruptcy protection. Comark also filed for bankruptcy protection in 2015.
The company operates around 300 stores across Canada. Most of the company’s store locations are based in malls, which has made business particularly difficult amidst COVID-19. Malls in Ontario remain temporarily closed aside from stores with street-facing entrances, and about 40% of Comark’s stores are located in the province.
In a statement, Comark said it would shutter low performing locations.
The company plans on restructuring and lowering its costs by ending some leases and optimizing its performance in remaining locations. While it’s currently unknown which stores will close, Retail Insider says the majority of stores will remain open and each brand will continue to operate online.
In Canada alone, we’ve seen retailers like Reitmans, Aldo Shoes, and Henry’s struggle, and according to industry insiders, it’s likely that we will continue to see more stores file for bankruptcy protection in the coming months.
Articles You Might Be Interested In
A New Jolibee Location Is Coming Soon To The GTA
All Addition Elle & Thyme Maternity Stores To Permanently Close
The Running List Of Retail Store Closures & Bankruptcies In 2020
What To Know About The New COVID-19 Surcharges
Victoria’s Secret Is Closing 250 Stores Across North America
It’s warehouse and sample sale season! Who’s ready to shop?
While the weather in the GTA might be frightful, the savings and treasures to be found at these warehouse sales can’t be missed. Whether you’re looking for shoes, clothing or luggage, you’ll discover it at the sales on this list, all for 50-90% off.
Fred Perry Warehouse Sale
The bi-annual Fred Perry shindig is back! And there’s more than just Fred Perry to shop. This time around, the Toronto warehouse sale will also feature Todd Snyder x Champion, Aigle footwear and apparel, Homecore and more, all up to 80% off retail prices. It only runs until 4pm on Sat. May 6th, so act fast! Get full details about the sale here.
Haight & Ashbury
And after you visit Fred Perry, be sure to visit Haight & Ashbury, who are also hosting a mega sale! They’re taking up to 70% off current collections for men and women – it’s the perfect time to spruce up your spring workwear wardrobe! They’ve got full suits, ties, denim and button-ups for men, plus pretty dresses, tops, outerwear and more for women. The sale runs until 7pm on Sat. May 6th. Get full details and preview the sale here.
GEOX Warehouse Sale
This is your last weekend to shop the GEOX Warehouse Sale at the International Centre in Mississauga. This time around, they are promising a bigger and better selection of shoes, outerwear and accessories for the entire family. The sale ends on Mon. May 7th. Get full details about the sale here.
Jean Machine Warehouse Sale
For three days only, check out the Jean Machine Warehouse Sale in Mississauga. There’ll be apparel and accessories for men and women from your favourite Jean Machine brands including Buffalo, GUESS, Mavi and more. The sale is open at 6789 Millcreek Drive from Fri. May 5th from 5-7pm and Sat. May 6th from 10am-3pm. Just make sure to leave the kiddies at home – this sale is open to adults only!
Spring LUG Warehouse Sale
Going on a vacation this summer? Then you’re going to need some new luggage! Shop Lug’s stylish selection of overnight bags, wheelie suitcases, tote bags, travel bags, wallets and more, all up to 90% off retail prices. The Markham-based sale ends on Sat. May 6th. Get full details about the sale here.
Tilley Endurables
This iconic brand is hosting a huge warehouse sale in North Toronto this weekend! They will be taking up to 70% off Tilley everything, including discontinued styles, Tilley hats, men and women’s apparel, plus brand name bags, clothing, footwear and travel accessories. The sale is happening Fri. May 5th (9am to 7pm), Sat. May 6th (9am to 7pm) and Sun. May 7th (10am to 6pm) at 60 Gervais Drive.
Did we miss any of the best warehouse sales in Toronto this weekend?
Featured Image: Instagram/@jeanmachine
Posts you might be Interested in:
What you can Expect at the Haight & Ashbury 4 Day Sale
How to Celebrate Cinco de Mayo in Toronto
The Top 10 Free Events in Toronto and the GTA: May 2017
The Weeknd’s Pop-up Shop Returns to Toronto, Vancouver and Montreal on May 5th
12 Binge-Worthy Shows and Movies to Watch on Netflix this Month