Here’s a look at some of the large retail chains — both Canadian and international brands — still operating in the country and how they’re faring.Founded in 1670, Hudson’s Bay is believed to be North America’s oldest continually-operating company. It opened its first department store in 1913 and now has 85 locations across Canada, including two flagship stores in Toronto — one at Yorkdale and another downtown on Queen Street West, according to the retailer’s website.
due to “market changes.” And in January, the company said it was laying off 250 employees, about two per cent of its workforce, largely in corporate roles.. Its financial statements are no longer public after the company was privatized in early 2020.While other retailers have faltered, Simons has continued to punch well above its weight. Beloved in its home province of Quebec, the retailer has expanded significantly over the past decade, including opening its first Ontario store in 2016.
Like many other stores, however, Simons did struggle at the start of the pandemic. The company sold off some real estate and had to obtain a $30-million loan from BDC Capital,Canadian luxury retailer Holt Renfrew, owned by the Weston Family, continues to operate seven stores across the country, despite significant changes to its operating model over the past decade.Toronto’s Sherway Gardens
1) abolish mandatory French labeling 2) make it easier for trade between provinces from a pst perspective. 3) give incentives for trans border trucking on importing consumer goods
Hope this spell at least the beginning of globalization. It is neo-liberal capitalism, globalization, USA militarism, comoditianization/privatization of everything and other evil things NLC brought to you that must end. Stop it and save selves from extinction. S. Hawking sad so 2
Bed bath and beyond is garbage and can’t compete with home sense and winners and marshalls
Taxes and fees are too high. Business is tough in this economy where the government interferes too much with how things run. The laws set up small and large businesses to fail.
Gee, I wonder if it is harder to sell stuff in an absolutely gigantic country with very few people? Hard to say really.
Canadian standard of living is tanking thanks to the WEF puppets running things