Me I wonât regardless of how my actions impact other and we is showing human compassion to all. If the trend continues, the future of some commercial areas could be in question, even popular areas such as Torontoâs Danforth and Beach areas for example. The Lowe’s in Shawnessy, which employs 118 people, and the Rona in Midnapore, which employs 35, are scheduled to shut their doors Jan. 31, 2020, along with 32 … The content on this website is protected by the copyrights of Retail Insider Media Ltd. or the copyrights of third parties and used by agreement. COVID-19 was the reset button that retailers needed. Perhaps ask the associates that work in those stores, that wear a mask all day for you to be able to shop. But at the same time, the retail world is a perpetually evolving industry. The list of store closings â¦ Ever hear of reciprocity, if not…GOOGLE it! Chicoâs has announced that it will be closing up to 250 stores in 2020. ... 2020 1:05 pm EST. People like you are damaging this country and you should be ashamed of yourself for stirring discourse. A total of 124 of the companyâs 210 North American stores will close for good, including 82 units in Canada and all 42 stores in the US. One well-known broker in Toronto explained that many retailers are now seeking percentage rent lease deals, while some landlords are insisting on terms in executed leases which includes enumerated rents due. Anyone who thinks that are not only showing their ignorance to the highest degree, bit also rudeness to immuno-compromised or respiratory folks. At the end of November 2019, home improvement chain Loweâs Canada announced that it would be shuttering stores across Canada in order to improve overall performance. When government support for rents and staffing costs is reduced or eliminated, the pace of closures will likely increase. ... Jan. 31, 2020. Major costs including rent and staffing were part of the challenge, not to mention increased costs associated with sanitization and PPE. Below, an evolving tally of store closing updates. While the majority of the 310 units will remain open according to filings, Comark is still expected to close at least 100 store locations in Canada in the coming weeks and months. It’s unfortunate that the global pandemic has put a toll on the world’s economy but right now stores no longer thrive are places selling non-essential goods or those that had issues with their business plan unrelated & prior to the pandemic. Some fashion retailers have been hit particularly hard given the purchase and delivery cycle. Today in, coronavirus sucks.Bed Bath & Beyond Inc. the parent company that owns Buybuy Baby, World Market, and Harmon Face Values, but most popularly, Bed Bath & Beyond, have announced that they will be closing approximately 200 stores across both the United States and Canada over the next two years.