Canadian's voracious desire for fast-fashion, coupled with the exit of the US retailer from Canada, could signal that the UK retailer may look to open stores in this market.
After shutting all 44 Canadian stores in 2019, the Los Angeles-based fast-fashion retailer is making a return via an e-commerce site. Its success in Canada will be questionable at best.
The US retailer was granted creditor protection in Canada as it announces that it will shutter its international operations. Almost 880,000 square feet of space will be vacated in Canada, with three major landlords particularly exposed, and retailers will be hit as the Holiday Season approaches.
We’re predicting that this year will be one of highs and lows — Sears Canada will shutter, Nordstrom Rack will enter Canada, marijuana will be legalized, and plenty of other developments.
