If you think it’s bad now for the retail sector in Canada, you ain’t seen nothing yet — just wait until early 2021. He worked for 35 years at the Calgary Herald covering sports, crime, politics, health, faith, city and breaking news, and business. The stores will shutter in March 2021. www.usatoday.com Chico’s FAS, the parent … Michael Kehoe, Broker/Owner of Fairfield Commercial Real Estate in Calgary and a veteran of the industry, said retail is always changing and evolving, and we have seen 10 years of change in the past seven months in this time of accelerated disruption. The equally huge former downtown Eaton’s store, another retail giant which once controlled 60 per cent of retail in Canada was demolished in 2003 after the chain declared bankruptcy in 1999 and assets bought by giant competitor Sears. “Now we’re seeing a fairly substantial number of bankruptcy filings. Starbucks has announced that it will be closing 300 stores in Canada by the end of March 2021. He did a tally in the early part of the year that indicated more than 1,000 store locations would be closing this year in Canada. Store closing would be over the next two years and have started in some areas. According to the most recent Canadian Federation of Independent Business survey, one in seven Canadian small businesses (158,000) are at risk of closing. ET and open no earlier than 7 a.m. See the list. Luxury chocolate brand Godiva is closing all of its stores in Canada Toronto has a new source for gourmet rice pudding delivery 16-year-old Toronto … Hudson's Bay considering closing some of its stores across Canada In order to save money and stay profitable, this might be the only way the company survives. Follow USA TODAY reporter Kelly Tyko on Twitter: @KellyTyko He now works on his own as a freelance writer and consultant in communications and media relations/training. For 2020, there is also expected that there will also be another round of store closures with some of these closures having been already announced by retailers. Small and mid sized retailers will disappear with silence, it will be the only thing that saves larger players. Hudson’s Bay announced it will close the operation in February 2021. Covid will not be the last virus to affect us and the world has to learn to adapt to proper protocols. Others will scrape by with e-commerce running full tilt and store traffic lower than last year but enough to pay the bills. Loblaws said Wednesday it plans to close 22 unprofitable stores. Offers.com is supported by savers like you. JCPenney store closings 2021: 15 more stores to liquidate in spring. The entrepreneurs believe Canada has the potential to become a fashion powerhouse and reclaim Canadian fashion from international influences. Inside in 1926, it was not just a store for shopping, but an ‘experience’ with music and food, and beauty salons, post office, and library. Stores will remain closed for 2 weeks, and operations will be reassessed at that time. I was told that most retailers in this country have taken on a bit of a restructuring in some form. COVID-19 has been far from sweet for Godiva, which has decided to sell or close its stores across North America. Some could be acquired by one of the mega retailers looking to pick up a distressed brand. I refuse to spend one dime with Amazon, even if they guarantee it in an hour! While we breathe a sigh of relief for the retailers that survived last year (feels so good to say that! The home improvement store said in a press release the locations are underperforming. WEBSITE. Last year, three stores closed in Quebec. Between sudden growth spurts and tantrums over trying on outfits, buying clothes for kids isn't always easy—and it's about to get a whole lot harder, now that a beloved children's clothing brand may be closing a store near you. The vitamins and supplements retailer has filed for Chapter 11 bankruptcy and says it will close 800 to 1,200 of its stores. Over 50% of department stores in malls predicted to close by 2021, real estate services firm says. Save my name, email, and website in this browser for the next time I comment. Developers have explored the possibility of conversion to condos or apartments but decided also that costs would be too high. We’re going to see more bankruptcy filings. It also had a post office, beauty parlour, public telephones, a library, and for a while, an auditorium with its own orchestra. COVID-19 has been far from sweet for Godiva, which has decided to sell or close its stores across North America. ... including all 11 in Canada But this does not mark the end for the retailer that has more than 1,200 locations in the U.S. and Canada. Get the complete list of Macy's stores closing in 2021, along with information about the department store chain's three-year plan to close 125 locations in total. How we learn to deal with it is the real test. Creation of the landmark was accomplished with two steam shovels and lots of ‘horsepower’ and wooden wagons (HBC Winnipeg archives). 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. The Bay for the past few years has been trying to sell the store or at least some of the space. Published Wed, Jan 6 2021 11:18 AM EST Updated Wed, Jan 6 2021 12:28 PM EST. Like many of the then giant department stores, it was more than just a store, it was a centre of the community. The original plan was released in 2020 which was to close up to 200 of its locations in Canada over two years. Godiva to close 128 stores in North America, including 11 in Canada by end of March COVID-19 has been far from sweet for Godiva, which has decided to sell or close its stores across North America.