One of the last great vestiges of retail in Canada is set to close. ... January 22, 2021, 11:09 pm. 14 major U.S. retailers closing 100 or more stores 1. By The Staff Global News Posted ... ©2021 Global News, a division of Corus Entertainment Inc. Corus News. Hudson’s Bay announced it will close the operation in February 2021. The giant ‘Bay’ store in Winnipeg, already hurting from changing shopping habits, has now succumbed to COVID. It doesn’t mean that they’ve necessarily filed but they’re certainly looking at their operations,” said Patterson. Macy's store closings 2021:36 Macy's, 1 Bloomingdale's to liquidate with most closing in spring. WEBSITE. The original plan was released in 2020 which was to close up to 200 of its locations in Canada over two years. Chicos. This report by The Canadian Press was first published Jan. 12, 2021. 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. ), some of our favorite stores will unfortunately be shutting their doors for good. See the list. As people move to online sales, Forever 21 realized that traditional stores just won’t make it. 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 … Creation of the landmark was accomplished with two steam shovels and lots of ‘horsepower’ and wooden wagons (HBC Winnipeg archives). “Now we’re seeing a fairly substantial number of bankruptcy filings. I refuse to spend one dime with Amazon, even if they guarantee it in an hour! Starbucks has announced that it will be closing 300 stores in Canada by the end of March 2021. All non-essential retail stores, including hardware stores, alcohol retailers and those offering curbside pickup or delivery, will be forced to close by 8 p.m. 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. It offered space to the University of Winnipeg for classrooms, but the university estimated the cost to do so would be prohibitive. The stores will shutter in March 2021. www.usatoday.com Entrepreneurs Launch ‘Canada Fashion Network’ to Expand the Industry and Put the Country on the Map, BRIEF: APM Monaco Opening 3 More Canadian Boutiques, Godiva Chocolate Shutting All Canadian Stores, Canada Goose to Open 1st Ottawa Store as it Unveils 3rd Toronto Location, Shaw Communications to Open 12 New Concept Stores in Western Canada [Photos], International Retailers Continue to Enter Canadian Market Despite Pandemic [List/Analysis], Canadian Footwear Brand Maguire Opens First Toronto Store, Retailers Led Bankruptcy Filings in Canada Over the Past 12 Months: Insolvency Insider. After days of silence, Canada's iconic department store announced on Tuesday that it will close all 89 locations across the country, effective immediately. Chico’s has announced that it will be closing up to 250 stores in 2020. The giant retail store was opened in Winnipeg in 1926, to replace other Bay stores in the city and was designed as the flagship store of the Hudson’s Bay Company. Bed Bath & Beyond Inc. plans to close 200 stores or 21% of Bed Bath stores over the next two years. Small and mid sized retailers will disappear with silence, it will be the only thing that saves larger players. “But when those supports go away, I think we’re going to see more closures. They will exist in a different form come the new year. In late October, company officials said the 200 stores are expected to close by the end of the 2021 fiscal year. ... stores nationwide and in Canada, 262 stores … CCAA is limited to those with $5 Million or more in liabilities and the cost of a restructuring would be prohibitive to already cash strapped retailers. Other News: Brioche Dorée opens Parisian café & bakery in Toronto, Stanfield’s partners with East Coast Lifestyle, The Wellness Market plans ahead. If you think it’s bad now for the retail sector in Canada, you ain’t seen nothing yet — just wait until early 2021. Clearance will be everywhere putting pressure on any remaining retailers as many wind down operations in the fall and use December to generate cash from inventory blow-outs. With government programs expiring, including the provincial eviction moratorium, tenants will realize how weak their financial positions are. Bed Bath & Beyond has announced the first 63 stores it will close by the end of the year as part of a restructuring plan brought on by Covid-19. Today, retailers across the […] … This will be detrimental to most hospitality tenants. More than half of these stores are … Number of store closings: 120 stores between fiscal 2015 and 2017. This was another chapter in the golden age of huge department stores spread across the nation and lasted until about the 1960’s when people began moving to the suburbs and a very slow decline began. Christopher & Banks closing stores, files for bankruptcy due to ‘stress’ of pandemic Updated Jan 14, 2021; Posted Jan 14, 2021 The Christopher & Banks store in Michigan. Aéropostale, the teen clothing retailer has announced the closure of 113 U.S. locations and 41 stores in Canada. Already Macy's closed 30 stores last year as part of the three-year plan. Over 50% of department stores in malls predicted to close by 2021, real estate services firm says. Francesca's is the latest retailer to announce it is closing stores, ... to close 200 stores in 2020 and another 100 stores in fiscal 2021. But depending on things like a second wave, we don’t know where that’s going to go. No part of any of the content of this website may be reproduced, distributed, modified, framed, cached, adapted or linked to, or made available in any form by any photographic, electronic, digital, mechanical, photostat, microfilm, xerography or other means, or incorporated into or used in any information storage and retrieval system, electronic or mechanical, without the prior written permission of Retail Insider Media Ltd. or the applicable third party copyright owner. 2021. Bed Bath & Beyond stores closing list. Macy's closing 45 more stores in 2021 as part of its restructuring. I think we’re going to see a substantial amount of store closures in Canada — probably the most we’ve seen in our lifetimes in such a short period of time.”. The vitamins and supplements retailer has filed for Chapter 11 bankruptcy and says it will close 800 to 1,200 of its stores. This is not a temporary situation it will continue now for years to come. The unforeseen shutdowns brought our economy to a standstill, and many already struggling industries cripplied under the pressure. “Overall, what I’m thinking, having talked to brokers, landlords, retailers, we are starting to see closures in the summer here. JCPenney will close 15 additional stores in spring after closing 150-plus stores since filing for bankruptcy. The original plan was released in 2020 which was to close up to 200 of its locations in Canada over two years. He worked for 35 years at the Calgary Herald covering sports, crime, politics, health, faith, city and breaking news, and business. “Shopping centres and the concept of organized retail is the greatest entrepreneurial development in human history and both sides of the tenant, landlord equation will continue to be inspired by the challenges and the unknown trajectory of the future. Many retailers and building owners are struggling to cope with the changes and an unknown future that will be either terrifying or exciting as we strategize for ‘what could be’ for the retail future in Canada,” he said. The luxury chocolatier says 128 brick and mortar locations, including 11 in Canada, will shut by the end of March. The Bay is also closing its large Edmonton store and is said to be looking for buyers for its landmark downtown Montreal store as is the downtown Vancouver operation. Thing is, internet is where its at now. Published Wed, Apr 29 2020 1:14 PM EDT Updated Wed, Apr 29 2020 5:04 PM EDT. Number of store closings: 154. Aéropostale. Last Updated: Monday, October 5, 2020 11:00. A Winnipeg landmark occupying an entire block with 675,000 square feet of retail space or over 15 acres, it once employed thousands of people. The days of the mall are limited and covid has only expedited the eventuality of the “mall” culture. Making a profit with little overhead costs. Starbucks has announced that it will be closing 300 stores in Canada by the end of March 2021. The Bay for the past few years has been trying to sell the store or at least some of the space. The publication tracks filings and one editor says that they expect an increase in filings in early 2021 following rent payment demands from landlords. SHARE: COVID-19 has been far from sweet for Godiva, which has decided to sell or close its stores across North America. Macy's is closing dozens of stores this year. Bed Bath & Beyond has announced the first 63 stores it will close by the end of the year as part of a restructuring plan brought on by Covid-19. The survey said 62 percent of small businesses are fully open; 37 percent are fully staffed; and only 26 percent are making normal sales. 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.