Favorite Retail Giants Shutting Store Doors

54

PaylessShoes announced it would be closing all its stores, and along with it, either before or after, others made their announcements, too.

What a sad world this would be without stores. Online stores just can’t give you the shopping therapy we need from time to time.

But, many of our favorite stores can’t compete with the new retail giants that have no display windows, no rent in chic and pricey malls, and other overhead expenses, like Amazon.

Bombay Company and Bowring Brothers are both victims of the shut downs.

Crabtree & Evelyn filed for creditor protection in November 2018. Stores have slowly closed over time. The brick and mortar stores are no more, but you can still buy their bath and body products online.

Gap Inc. announced in February, 2019 that Old Navy (which is performing well) will split from Gap Inc. And, 230 Gap stores will shut their doors over the next couple of years.

GUESS? closed almost half its 400 stores since 2017.

HMV Canada closed all its stores in 2017.

Home Outfitters will close all its stores, as announced in February, 2019.

J. Crew in Toronto’s Eaton Centre also recently closed.

La Senza, a Montreal brand sold to L Brands over a decade ago, had more than 800 stores in 2010. Right now only 329 are still open for business.

Lowe’s, which operates in Canada, as well as in the US and Mexico, will shut 51 of its stores in North America, some of those under the Rona banner.

Read also: Montreal Jazz Festival 2019 Returns for its 39th Year

Rockport stores shut down in July 2018 but there are other retailers selling their products.

Sears closed down, terminating thousands of jobs in Canada and the US.

Town Shoes shut down last year after being in business for 66 years!

Victoria’s Secret will close a total of 83 stores by the end of 2019 (30 of which closed in 2018).

Who will be next?

Read also: