Two sad stories have come out of the retail world. Thanks to the last two months of shutdown we may be losing a location to shop for women’s clothing as Reitmans has filed for bankruptcy protection. Their plan is to hang on and the redesign how they conduct business when the pandemic is over.
https://nationalpost.com/news/canada/canadas-reitmans-seeks-bankruptcy-protection-as-covid-19-shuts-stores
And another chain has decided this is the end and as soon as they can open their doors again, Pier 1 Imports will liquidate and close.
Pier 1 Imports Will Close All Stores After 58 Years
Hopefully not a trend we see continue. Fingers crossed things get back soon.
