Why More Retailers Have Announced Store Closings and Bankruptcies in Canada in 2017

February 15, 2017

Retailers Announce Store Closings and Bankruptcies in Canada in 2017Since the beginning of 2017, a number of retailers have announced that they were closing stores in Canada. While it’s not unusual for struggling retailers to announce closures at the beginning of a new year, the number and nature of closures and bankruptcies announced was more significant than usual. Antony Karabus, CEO of the retail strategy firm HRC Retail Advisory, advises that one of the primary causes of this situation is the polarization of retail in Canada (where “middle” retailers are being squeezed while low and high-end retailers continue to expand).

 

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