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Town Shoes, owned by DSW, announced on August 29, 2018 that all of its stores in Canada would close. The stores shut down by early 2019. [276] Toys "R" Us filed for Chapter 11 bankruptcy in September 2017 with over $5 billion in debt. [277] [278] It announced that its Canadian subsidiary would seek bankruptcy protection in parallel proceedings ...
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 .
Retail apocalypse refers to the closing of numerous brick-and-mortar retail stores, especially those of large chains, beginning around 2010 and accelerating due to the mandatory closures during the COVID-19 pandemic. [ 2][ 3] In 2017 alone, more than 12,000 physical stores closed. The reasons included debt and bankruptcy in the face of rising ...
The S&P/TSX Composite Index lost another 10 percent on 16 March 2020, causing trading to halt a third time in a span of eight days. The index closed at 12,360.40 points on 16 March, down 31 percent from before the crash at 17,944 recorded on 20 February 2020. By 17 April 2020, the index had recovered some of its losses, closing at 14,359.98 ...
The Body Shop has shut down all of its US-based operations and will be closing dozens of Canadian store locations as it files for bankruptcy. In a news release earlier this month, the UK-based ...
The move will help the company complete an "expedited restructuring" to reduce its debt that should be done by the second quarter of 2023. On January 27, 2023, Bed Bath & Beyond announced that it would be closing all Harmon Face Values stores due to the COVID-19 pandemic impacting it business and supply chain issues.
A shopper leaves the 99 Cent Only store with her purchases in Santa Monica on April 5, 2024. The stores will be closing soon. (Genaro Molina/Los Angeles Times)
Timeline of the COVID-19 pandemic in Ontario (2022) Index of articles associated with the same name This article includes a list of related items that share the same name (or similar names).