Like what you’re reading? The store which resides at 60 Bloor Street West has been in that same location for over 30 years now. Aldo: 200 stores (bankruptcy) Ascena Retail Group: 1600 Stores (bankruptcy) BCBG:120 stores (bankruptcy) Brooks Brothers: 75 … Starbucks: Filings with U.S. regulators dated June 10 show that Starbucks plans to close 200 Canadian locations as part of a new two-year business plan. In November 2018, GNC officials had announced that they would close up to 900 stores over the next three years in the U.S. and Canada as leases expire and … © Copyright STYLEDEMOCRACY 2017- 2020. By Dawn Geske 01/27/20 AT 3:52 PM. The Canadian retail sector was already in trouble before COVID-19, but the pandemic has left it on even shakier ground. The technology giant has decided to close all seven of its stores in Canada, as well as most of its physical stores across the world. The latest retailer to find this out is Stage Stores, the owner of Gordmans off-price stores and a bunch of other regional brands, including Bealls, Goody's and Peebles. The store’s parent company, L Brands, revealed in a first quarter earnings presentation that 50 Bath & Body Works locations in the United States, as well as one store in Canada, will close in 2020. Sadly, the brand has decided that it will be closing all of its stores in Canada. Pier 1 - After already closing 30 stores they're looking to close an additional 145 locations. WEBSITE. Stay in the know and get updates on retail news, contests, fashion, style, and more straight to your inbox. Le Château:After 60 years … Sign up for our newsletter and have first access to top warehouse sales, online shopping offers and exclusive content & contests. The company said it plans to close seven of its 29 store locations once COVID-19-related measures were loosened. Since stores have been temporarily closed due to the COVID-19 pandemic, L Brands noted that its first-quarter sales fell 37% to $1.65 billion from $2.63 billion a year ago. The brand plans to continue operations and allegedly has plans to sell the company to the owner of Aéropostale and Nautica. This long list of stores closing in 2020 includes the ever-growing number of retailers that have filed for bankruptcy, closed locations, or both. TORONTO -- Number of store closings: 150 by 2020 ‘These stores that we closed and will continue to close are stores that are low-volume stores for us that have been on the declining sales and profit trends for years,’ said CEO Sam Sato in the earnings call. Loyal Bath & Body Works customers undoubtedly know the store for their signature brands, aromas, and luxury skincare products. The popular tea store announced that it’s planning to close 166 of its locations across Canada and 42 locations across the U.S. Fortunately, tea lovers will still be able to shop at 18 Canadian locations in British Columbia, Alberta, Manitoba, Ontario, Quebec, and New Brunswick, as well as online. Here is a look at some of the major retail closures announced in Canada in 2020, both before and during the pandemic. The retailer says it has spent much of the COVID-19 pandemic trying to refinance or sell the business to a third party that would keep it in operation, but was unsuccessful. The closures will mostly affect mall locations. The closures will affect 26 RONA locations, six Lowe's stores and two Reno-Depot brands. Here is a look at some of the major retail closures announced in Canada in 2020, both before and during the pandemic. 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