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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 .
Wines and spirits sold in Canada are subject to the Excise Act, 2001, which contributes greatly to the cost of beverage alcohol, although most liquor tax is provincial. Wine Access , [59] a Canadian food and wine magazine, has claimed that high-end luxury brands sell in Ontario for up to 60% more than in New York. [60]
One store was transferred to The Bay and four others were going to be sold or closed. The transaction was met with strong opposition from the New York-based F. W. Woolworth Company (owner of the Woolco stores in Canada) which also wanted to purchase the chain. In April 1991, 47 of the Towers/Bonimart stores were rebranded into the Zellers banner.
Parent. Best Buy Canada. (2001–2015) Website. www .bestbuy .ca. Future Shop was a Canadian electronics store chain. It was established in 1982 by Hassan Khosrowshahi. [1] By 1990, the chain had become the country's largest retailer of computer and consumer electronics. In January 2013, the company operated 139 locations across Canada.
The brand is more upmarket than its Canadian namesake. Later that year, in August, TJX sold Bob's Stores to Versa Capital Management and Crystal Capital. In December 2010, TJX announced that the A.J. Wright stores would be closed, cutting about 4,400 jobs, and that more than half of them would reopen under other company brands.
Show comments. Advanced Micro Devices, Inc (NASDAQ:AMD) shares were trading lower on Thursday in the premarket session in sympathy with Micron Technology Inc (NASDAQ:MU) after the company reported ...
realcanadiansuperstore .ca. Real Canadian Superstore is a chain of supermarkets owned by Canadian food retailing giant Loblaw Companies. Its name is often shortened to Superstore, or, less commonly, RCSS . Originating in Western Canada in the late 1970s/early 1980s, the banner expanded into Ontario in the early 2000s as Loblaw attempts to fend ...
September 22, 2021 at 9:00 AM. onfilm/istockphoto. Sears and its sister company Kmart continue their slow demise, with a just-announced round of closings that will leave the chains with 19 and 16 ...
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