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retail bankruptcies

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Hudson’s Bay Faces Closure as Liquidation Looms

Craig Patterson -
Hudson’s Bay may shutter permanently as it fails to secure restructuring funds. Liquidation sales could begin next week, marking the end of Canada’s last department store.
News

Can Hudson’s Bay Survive? A Loyal Shopper Shares Insights

Craig Patterson -
Loyal Hudson’s Bay shopper Christopher Lui shares his perspective on the retailer’s decline, key missteps, and whether it can adapt to survive in Canada.
News

Carl Boutet on Hudson’s Bay’s Uncertain Future Amid Restructuring

Craig Patterson -
Retail strategist Carl Boutet analyzes Hudson’s Bay’s financial troubles and restructuring under CCAA, questioning whether the retailer can survive its decline.
News

Liza Amlani on Hudson’s Bay’s Uncertain Future and Store Closures

Craig Patterson -
Liza Amlani discusses Hudson’s Bay’s financial struggles, potential store closures, and what it means for Canadian retail and shopping malls.
News Briefs (Bulletin/Quick Reads)

Summarizing the Hudson’s Bay CCAA Court Order 

Craig Patterson -
An overview of Hudson’s Bay’s CCAA court order, outlining the company’s restructuring process and creditor protection measures.
News Briefs (Bulletin/Quick Reads)

Frank And Oak Files for Bankruptcy Protection Amid $71M Debt

Craig Patterson -
Frank And Oak seeks creditor protection again, citing $71M in debt, competitive pressures, and pandemic-related financial challenges.
News Briefs (Bulletin/Quick Reads)

Tupperware Bankruptcy Filing Shakes Iconic Brand’s Future

Retail Insider -
Tupperware, the iconic food storage brand that revolutionized home organization, has filed for Chapter 11 bankruptcy protection amid ongoing financial struggles. The company is at critical juncture as it seeks to protect its brand while pursuing a digital transformation. Decades...
News

Lastman’s Bad Boy Furniture Proceeds to Liquidation Following Bankruptcy

Mario Toneguzzi -
A liquidator has been appointed to wind down operations as part of the retailer's strategic restructuring plan.
News

Retailers Led Bankruptcy Filings in Canada Over the Past 12 Months: Insolvency Insider

Mario Toneguzzi -
The publication tracks filings and one editor says that they expect an increase in filings in early 2021 following rent payment demands from landlords.
News

Canadian Retailer Swimco Goes Bankrupt and Shuts Down After 45 Years

Mario Toneguzzi -
The swimwear retailer had stores across the country and after failing to restructure, it became the latest business casualty of the pandemic.
News

Mass Bankruptcies and Store Closures Expected in Canada by Early 2021: Experts

Mario Toneguzzi -
Store closures and weaker consumer spending due to COVID-19 will see retail in Canada change substantially over the next six months.
News

All Ann Taylor, LOFT and Justice Stores Closing in Canada as US Parent Ascena Files

Craig Patterson -
More than 50 Ascena brand stores will close in Canada, adding to an already significant number of vacancies following COVID-19 closures.
News

Parent Companies for Jack & Jones, Bootlegger, Cleo, and Ricki’s File for Bankruptcy Protection in Canada

Retail Insider -
Bestseller Canada filed on Tuesday and Comark on Wednesday, both grappling with COVID-19 related store closures as well as a financial crisis due in part to outstanding rents.
News

Sporting Goods Retailers SAIL & Sportium File for Bankruptcy Protection

Craig Patterson -
The large-format retailers have succumbed to unprecedented competition as well as strained finances after weeks of stores closures due to COVID-19.
News

Reitmans Files for and Obtains Bankruptcy Protection

Mario Toneguzzi -
The iconic Canadian retailer says that this was “the hardest decision we have had to make as an organization in our almost one hundred years of history.”
News

Retail in Canada to Change Forever Amid Restructuring, Bankruptcies and Permanent Store Closings

Craig Patterson -
Retailers across the country are evaluating operations to determine if they can remain operational. Some retailers such as Army & Navy have already announced that they will close forever.
News

Second Wave of Retail Bankruptcies Expected in Canada Amid COVID-19 Pandemic: Expert

Mario Toneguzzi -
It’s an inevitable consequence of the devastating economic impact of the coronavirus pandemic, though the future could be promising when retail adapts to a new world.
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FEATURES ON RETAIL INSIDER

Läderach Unveils New Boutique on Toronto’s Bloor Street

Craig Patterson -
Läderach has opened a new boutique on Bloor Street, marking the Swiss chocolatier’s first Canadian street-front location. A national expansion will see more Vancouver locations before moving into Alberta.

King Living opens flagship Toronto showroom

Craig Patterson -
Australian brand King Living opens a 12,000-sq-ft Toronto showroom in the Castlefield Design District, offering modular furniture, design services, and a gallery-like retail experience.

The Kenrick Hotel Banff Unveils Major Luxury Renovation

Craig Patterson -
The Kenrick Hotel in Banff reopens after a multi-phase luxury renovation by BUILD IT, offering upgraded suites, spa, dining, and event spaces.

Jollibee to Open 100 Canadian Locations in 5 Years

Unique Retailer ‘Hodge Podge Toys’ Relocates for Growth

BRIEF: Old Navy Announces 3 Stores, SSENSE to Unveil 5-Storey Flagship

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