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The Body Shop has ceased its U.S. operations and is closing dozens of locations in Canada amid deepening financial struggles for the British beauty and cosmetics chain. The Body Shop's U.S. arm ...
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In an early 2023 report, Natura noted that The Body Shop was “(facing) headwinds” with a year-over-year decline of 13.5% in 2022, a year the company said “was far from easy” for the brand.
On 1 March 2024, the Body Shop Canada filed for creditor protection and announced that it would cease online operations and close 33 locations out of 105. On the same day, the Body Shop USA closed all of its stores and ceased operations online. On 10 March, the Body Shop USA filed for Chapter 7 bankruptcy liquidation. [45]
Throughout the 21st century, retail businesses in Canada have felt the pressures of foreign store expansions into the country, as well as a shift towards online retail. As a result, closures have been a mix of stores unique to the nation, as well as newcomers like Target Canada.
The Body Shop filed for administration on February 15, 2024, warning that a significant portion of its United Kingdom locations would close in the coming months. [66] Just a day later, its German branch collapsed into administration and ceased operations, and most of its European branches were also expected to be placed into administration the ...
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