longfortheoldview
New Member
Miniso in the base of Smart House is closing next week.
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The Retail Apocalypse
- Thread starter Johnny Au
- Start date
onthestreet
New Member
Signage is up at Ted Baker and Brooks Brothers locations, including Brooks Brothers on Bloor and Royal Bank Plaza and the Ted Baker at CF Toronto Eaton Centre.
10-30% to start. Websites are on maintenance mode.
retail-insider.com
10-30% to start. Websites are on maintenance mode.
Ted Baker, Brooks Brothers and Lucky Brand Stores in Canada to Close Following Financial Struggles
Following a filing for creditor protection last month, the Canadian division is shutting down the operations of three iconic brands in Canada with 25 stores.
retail-insider.com
AlbertC
Superstar
Makes sense. I've bought more sweatshirts and sweatpants in recent years than I have for formal wear. 
TossYourJacket
Senior Member
Ooof they just took over the former Club Monaco on Bloor. Hopefully that gets another tenant soon.
Admiral Beez
Superstar
De Beers is bust.
De Beers to be sold
British multinational mining company Anglo American has confirmed its plans to sell its diamond subsidiary, De Beers, publicly stating that De Beers will be “divested or demerged” from its portfolio. Anglo American currently holds 85 per cent of De Beers’ shares, the remaining 15 per cent is...
Synthetic diamonds are likely hitting their bottom line and especially projected future earnings.
Synthetic Diamonds Can Now Be Made In Minutes. Here’s What That Could Mean For The Industry.
The gemstone industry doesn’t need to panic today.
twistedsifter.com
Though the mining industry seems to be in denial.
Lab diamonds just won a battle, not the war
Despite the hype, man-made diamonds only account for 20% of global diamond jewellery sales and analysts expect their price to fall.
www.mining.com
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Admiral Beez
Superstar
A growing number of small businesses owners say they can’t fight Amazon and other big online retailers — here’s why one is packing it in
During the pandemic online shopping boom small businesses turned to e-commerce to stay afloat. But making a profit has been difficult.
www.thestar.com
Paywall free: https://archive.ph/4kKUD
I was reading this article today and noted to myself that outside of food and utilities I buy very little of anything, either online or in traditional retail.
onthestreet
New Member
Plus has shuttered 7 of its 8 stores in the chain, including CF TEC, Yorkdale and Vaughan Mills.
retail-insider.com
PLUS Closes 7 of 8 Stores, Including Yorkdale Flagship, Amid Economic Pressures
The popular sneaker and streetwear retailer opened stores across Canada over a period of seven years, and is now consolidating its operations while navigating a global economic downturn.
retail-insider.com
AlbertC
Superstar
Video on Philip Green, the man responsible for the downfall of multiple large retail brands in the UK
SubHuman
Active Member
christiesplits
Senior Member
The Body Shop is closing stores and laying off staff.
www.thestar.com
Court approves The Body Shop Canada sale, about 100 to lose jobs as some stores close
Documents say about 600 employees, including 100 seasonal workers, will be issued termination notices, but roughly 500 will be rehired by the new owner.
www.thestar.com