netdatingsuccess com - Retailers liquidating

TORONTO — A list of retailers that have recently closed or are closing shop in Canada:— Dutch-based retailer declared bankruptcy in December 2014— Liquidating 95 stores in Canada by the end of February— Has 315 stores around the world— Parent company Reitmans (TSX: RET.

A) announced in November 2014 that it would close 107 Smart Set stores— Will convert 76 locations into other banners, including Reitmans, Penningtons, Addition Elle, RW&Co.

How are these retailers able to offer desirable goods at such affordable prices?

Some of these companies recovered and came out of administration; some were bought by other businesses; some were sold as going concerns but changed their name; for some, the name was bought and this is still used, but under different ownership; and others ceased to exist.

The presence of any business in this historical listing must not be taken to imply that it no longer exists, its name is not used or that such business, if still trading, is impaired in anyway.

2016Note that this list and similar lists for 2007 to 2010 relate primarily to medium or large retail businesses.

We do not include takeovers unless we see this as being equivalent to business failure. As we all know these days, failure is often a temporary inconvenience; we are not suggesting that these businesses no longer survive, simply that they have experienced difficulties and the people with slide rules have moved in at some time.

We have put the pre-2010 list of companies in administration into the Section on Previous Reports.

2007-2016 Review Analysis of the Main Retail Failures 2008-2017 The Centre has analysed the main retail failures in the period since the recession.TJX operates 1,036 TJ Maxx stores and 904 Marshalls stores across the United States. posted fiscal 2012 revenues of .7 billion from the 1,112 Ross locations and 115 dd's Discounts stores it operates.And Burlington Coat Factory boasts nearly billion in annual sales from its 470 stores—which average nearly 80,000 square feet.and Thyme Maternity— Smart Set banner was created in 1945, with the first location opening in Ontario in 1970— First Reitmans store opened in Montreal in 1926— Womens' retailer was founded in 1977 in Montreal— Announced in October 2014 it would abandon restructuring efforts and close 92 stores across the country— Company under creditor protection since November 2010— Luxury retailer closing stores in Ottawa and Quebec City at the end of January 2015— Will undertake a 0 million expansion in key markets such as Vancouver, Calgary, Edmonton, Toronto, and Montreal— In October 2014, parent company Sears Holding Corp.(NYSE: SHLD) announced it would sell most of its stake in the struggling Canadian unit to raise as much as US0 million— In January 2014, Sears Canada announced it was cutting 2,200 employees from its payroll.State-mandated WARN Act layoff notices have gone out to about 3,000 employees.

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