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List of Canadian retail closures (21st century) 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.
These combined closures amount to about 29% of the brand's stores. The parent company divested itself of La Senza in January 2019, which was further affected by the retail apocalypse. [315] Vitamin World, a retailer of vitamins and health supplements, filed for Chapter 11 bankruptcy on September 12, 2017.
Polymer Corporation – sold to NOVA Corp and then Bayer AG. Radio Shack (Canadian division) – electronics store. Seagram – spirits and wine. Target Canada – closed because of a $2.1 billion loss for Target Corporation. Terra Transport. Towers Department Stores – department store chain; acquired by Zellers.
This location was among the last in Canada, closing in April 2023. Bed Bath & Beyond was an American big-box retail chain specializing in housewares, furniture, and specialty items. Headquartered in Union, New Jersey, the chain operated stores in the United States and Canada, and was once counted among the Fortune 500 and the Forbes Global 2000.
The Seattle-based retailer entered Canada with a flourish in 2014, opening some of its most modern stores, but has decided it's no longer worth it to operate north of the border.
Research published by global retail analyst IHL Group in 2019 suggests that the so-called retail apocalypse narrative was an exaggeration, with "more chains that are expanding their number of stores than closing stores.” [7] That year, retailers in the United States announced 9,302 store closings, a 59% jump from 2018, and the highest number ...
Nordstrom Canada Retail, Inc. (French: Les Detaillants Nordstrom Canada, Inc.) was the Canadian division of Nordstrom. It was announced on September 13, 2012, opened its first store on September 19, 2014, and closed its final stores on June 13, 2023.
October 19, 2023 at 11:50 AM. Rite Aid, which had filed for Chapter 11 bankruptcy protection, is now preparing to shed more than 100 stores nationwide as part of its restructuring efforts. The ...