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retail bankruptcies

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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.
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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.
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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.
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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.
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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.
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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.
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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.
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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.”
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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.
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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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