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These are the retailers closing in Canada or facing bankruptcy in 2020 – CTV News

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TORONTO —
Home decor chain Pier 1, Carlton Cards and Forever 21 are simply the latest in a growing list of retailers closing their doors in Canada or filing for bankruptcy.

And several analysts told CTVNews.ca the underlying issue is that these chains haven’t kept up with changes in shoppers who have shifted online shopping.

Doug Stephens, founder of consulting agency Retail Prophet, said people are looking for an experience when they go to any type of business – bricks and mortar ones or otherwise.

“You have to be able to promise consumers one of two things: you’re either going to promise them time well-saved or time well-spent,” he told CTVNews.ca in a phone interview.

Stephens argued shoppers can save time in online stores such as Amazon, while more innovative successful stores, such as Nordstrom, go the other route and give shoppers an experience. But stores that are closing are offering neither of those things, he said.

“Often times what we find is that these are not brands that have necessarily carved a distinct … piece of the market,” he said. “They’ve been sort of left to languish in the middle of the market.”

Here is a list of some of the major chains in Canada closing all their doors, shuttering their locations or that have been hit by bankruptcy in the past two years:

PIER 1

On Feb. 17, the home decor chain Pier 1 announced it was closing all of its stores in Canada, as the retailer began bankruptcy proceedings in the United States.

In January, the company announced it was closing up to 450 of its 942 stores in Canada and the U.S. At the time, they said this was “in order to better align its business with the current operating environment.”

PAPYRUS AND CARLTON CARDS

On Jan. 22, the owner of greeting card retailers including Carlton Cards and Papyrus announced it was closing all of its stores in North America, including 76 Canadian locations. The Carlton Cards and Papyrus online stores will remain open.

BENCH

On the same day, the owner of apparel store Bench’s Canadian operations confirmed to BNN that all 24 locations would be closed. The company was founded in the U.K. in 1989 and it has changed hands multiple times before it was acquired by U.S. restructurer Gordon Brothers.

TEN THOUSAND VILLAGES CANADA

On Jan. 21, fair-trade retailer Ten Thousand Villages announced its plans to shutter many of its stores. The closures include all Ontario stores except for one each in the Ontario towns of Port Colborne and Cobourg.

BOSE

U.S.-based audio equipment retailer Bose will reportedly shutter all of its remaining Canadian stores, as part of the chain’s closure of 119 locations around the world, according to online publication Retail Insider reported in early January. This follows a handful of Bose’s other standalone store closures in Canada.

THINGS ENGRAVED

On January 14, the head of Kitchener, Ont.-based retailer Things Engraved announced plans to shut all of its 73 stores after terminating its entire workforce. CEO Shawn Black told CTVNews.ca the company had been unprofitable for several years and couldn’t compete with online retailers such as Amazon.

LINKS OF LONDON

In January 2020, Retail Insider also reported the once-popular jeweller Links Of London was planning on closing all five of its Canadian stores in the coming year. This followed earlier news in October that the chain was liquidating its American and U.K. locations.

BENTLEY

The Montreal-based luggage and bag retailer is reportedly shuttering 88 stores in Canada and cut 422 jobs, several outlets reported in December 2019. The company currently has 251 stores in Canada and the closures of the chain’s less-profitable luggage stores were first announced in November 2019, BNNBloomberg reported.

LOWE’S

In November 2019, the home renovations retailer Lowe’s announced it would close 34 “underperforming” stores across six provinces, CTV News reported. The closures add to the shuttering of 31 Canadian Lowe’s and Rona locations, including 27 stores and four other facilities, announced in November 2018.

BOUCLAIR

And also in November, the Montreal-based home décor retailer Bouclair filed notices to make a proposal under the Bankruptcy and Insolvency Act. Across Canada, 29 of the chain’s 60 locations will close.

FOREVER 21

At the end of last summer, Los Angeles-based clothing retailer Forever 21 announced it would be closing all 44 of the Canadian locations and leaving the country altogether, CTV News reported.

ZELLERS

Once a giant in the Canadian retail landscape, Zellers said its last two remaining locations in Toronto and Ottawa are slated to close early in 2020, CTV News Ottawa reported in September. At its peak, it had 350 stores across Canada with half a billion dollars in sales annually.

MOTHERHOOD MATERNITY

In the fall of 2019, maternity retailer Destination Maternity, which owns Motherhood Maternity, filed for Chapter 11 bankruptcy in the U.S. And after it was acquired by Marquee Brands LLC., it was announced that all stores across North America, including 29 Motherhood Maternity stores in Canada would close.

GAP

Back in March, the San Francisco-based fashion retailer announced it was shuttering almost half of its brand locations across the world over the next two years. This follows waves of other store closures in the past three years.

Gap didn’t disclose how many of its 230 upcoming North America store closures would be in Canada, The Canadian Press reported.

HOME OUTFITTERS

In Feb. 2019, Canadian retailer Hudson’s Bay announced it would be closing all Home Outfitters locations — including 37 stores across Canada.

GYMBOREE

Children’s retailer Gymboree filed for Chapter 11 bankruptcy for the second time in January 2019, with the company announcing that it would be shuttering all its locations in Canada and the U,S.

With files from CTVNews.ca writers Ryan Flanagan, Graham Slaughter, Solarina Ho and The Canadian Press

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My Boy Prince to race against older horses in $1-million Woodbine Mile

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TORONTO – He’s firmly among Canada’s top three-year-olds but My Boy Prince faces a stiff test Saturday at Woodbine Racetrack.

The ’24 King’s Plate runner-up will be part of a global field in the $1-million Woodbine Mile turf event. Not only will it be My Boy Prince’s first race against older competition but among the seven other starters will be such horses as Naval Power (Great Britain), Big Rock (France) and Filo Di Arianna (Brazil).

My Boy Prince will race for the first time since finishing second to filly Caitlinhergrtness in the Plate on Aug. 23.

“It’s his first try against older horses and it’s hard to say where he fits in,” said trainer Mark Casse. “This time of year running a three-year-old against older horses, it’s like running a teenager against college athletes.

“We’re doing it because we believe a mile on the turf is his preferred surface … we wanted to give him a shot at this. (American owner Gary Barber) is someone who likes to think outside the box and take calculated risks so we’re going to see where he fits in.”

Casse, 16 times Canada’s top trainer, is a Hall of Famer both here and in the U.S. He’s also a two-time Woodbine Mile winner with filly Tepin (2016) and World Approval (2017).

Sahin Civaci will again ride My Boy Prince, Canada’s top two-year-old male who has six wins and 10 money finishes (6-3-1) in 11 career starts. The horse will be one of three Casse trainees in the race with Filo Di Arianna (ridden by Sovereign Award winner Kazushi Kimura) and Win for the Money (veteran Woodbine jockey Patrick Husbands aboard).

Naval Power, a four-year-old, has finished in the money in eight of nine starts (six wins, twice second) and will race in Canada for the first time. He comes to Woodbine with second-place finishes in two Grade 1 turf races.

Big Rock, another four-year-old, makes his North American debut Saturday. The horse has five wins and five second-place finishes in 14 starts but has struggled in ’24, finishing sixth, 10th and fifth in three races.

Filo Di Arianna is a four-time graded stakes winner with nine victories, three seconds and a third from 17 starts. It was Canada’s ’22 top male sprinter and champion male turf horse.

Other starters include Playmea Tune, Niagara Skyline and Secret Reserve.

Playmea Tune, a four-year-old, is trained by Josie Carrol. The gelding has made three starts, winning twice and finishing second in the Grade 3 Bold Venture on Aug. 23.

Woodbine-based Niagara Skyline is a six-year-old with 13 money finishes (six wins, five seconds, twice third) in 24-lifetime starts. The John Charlambous trainee has reached the podium (1-1-1) in all three races this year.

Secret Reserve, also a six-year-old, has finished in the money in 15-of-26 starts (six wins, one second, eight thirds). The horse, at 44-1, was third in the Grade 2 King Edward Stakes over a mile on the E.P. Taylor turf course.

The Mile highlights a stellar card featuring six graded stakes races. Also on tap are the $750,000 E.P. Taylor Stakes (fillies and mares), $500,000 bet365 Summer Stakes (two-year-olds) and $500,000 Johnnie Walker Natalma Stakes (two-year-old fillies), all Grade 1 turf events.

The Mile, Natalma and Summer winners earn automatic entries into the Breeders’ Cup at Del Mar in November.

Casse has won all four races, earning his first E.P. Taylor title last year with filly Fev Rover, Canada’s horse of the year and champion female turf horse. Fev Rover will defend her title Saturday against a field that includes Moira, the ’22 King’s Plate winner and Canada’s horse of the year trained by Woodbine’s Kevin Attard.

“It (E.P. Taylor) was definitely on my bucket list because it had eluded us,” Casse said. “But I honestly hadn’t realized I’d won all four of them, hadn’t really thought about it.”

Casse will have horses in all four turf races Saturday. Arguably the most intriguing matchup will be between Moira and Fev Rover, who ran 1-2, respectively, in a photo finish Aug. 11 in the Grade 2 Beverly D. Stakes, a 1 3/16-mile turf race, at Virginia’s Colonial Downs.

“What’s funny is the two of them went all the way to Virginia and she beat us by a nose,” Casse said. “We could’ve done that at Woodbine.

“There’s two of the best fillies in the world both from Toronto and they’re going to be competing Saturday.”

Some question having so many solid races on a single card but Casse likes the strategy.

“I think it’s a good thing,” he said. “On Saturday, the main focus on horse racing in the world will be on Woodbine and that’s because it’s such a great card.

“It’s an international day, there’s horses coming from everywhere and we’re going to do our best to represent Canada.”

This report by The Canadian Press was first published Sept. 13, 2024.



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Former world No. 1 Sharapova wins fan vote for International Tennis Hall of Fame

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NEWPORT, R.I. (AP) — Maria Sharapova, a five-time Grand Slam singles champion, led the International Tennis Hall of Fame’s fan vote her first year on the ballot — an important part to possible selection to the hall’s next class.

The organization released the voting results Friday. American doubles team Bob and Mike Bryan finished second with Canada’s Daniel Nestor third.

The Hall of Fame said tens of thousands of fans from 120 countries cast ballots. Fan voting is one of two steps in the hall’s selection process. The second is an official group of journalists, historians, and Hall of Famers from the sport who vote on the ballot for the hall’s class of 2025.

“I am incredibly grateful to the fans all around the world who supported me during the International Tennis Hall of Fame’s fan votes,” Sharapova said in a statement. “It is a tremendous honor to be considered for the Hall of Fame, and having the fans’ support makes it all the more special.”

Sharapova became the first Russian woman to reach No. 1 in the world. She won Wimbledon in 2004, the U.S. Open in 2006 and the Australian Open in 2008. She also won the French Open twice, in 2012 and 2014.

Sharapova was also part of Russia’s championship Fed Cup team in 2008 and won a silver medal at the London Olympics in 2012.

To make the hall, candidates must receive 75% or higher on combined results of the official voting group and additional percentage from the fan vote. Sharapova will have an additional three percentage points from winning the fan vote.

The Bryans, who won 16 Grand Slam doubles titles, will have two additional percentage points and Nestor, who won eight Grand Slam doubles titles, will get one extra percentage point.

The hall’s next class will be announced late next month.

___

AP tennis:

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Roots sees room for expansion in activewear, reports $5.2M Q2 loss and sales drop

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TORONTO – Roots Corp. may have built its brand on all things comfy and cosy, but its CEO says activewear is now “really becoming a core part” of the brand.

The category, which at Roots spans leggings, tracksuits, sports bras and bike shorts, has seen such sustained double-digit growth that Meghan Roach plans to make it a key part of the business’ future.

“It’s an area … you will see us continue to expand upon,” she told analysts on a Friday call.

The Toronto-based retailer’s push into activewear has taken shape over many years and included several turns as the official designer and supplier of Team Canada’s Olympic uniform.

But consumers have had plenty of choice when it comes to workout gear and other apparel suited to their sporting needs. On top of the slew of athletic brands like Nike and Adidas, shoppers have also gravitated toward Lululemon Athletica Inc., Alo and Vuori, ramping up competition in the activewear category.

Roach feels Roots’ toehold in the category stems from the fit, feel and following its merchandise has cultivated.

“Our product really resonates with (shoppers) because you can wear it through multiple different use cases and occasions,” she said.

“We’ve been seeing customers come back again and again for some of these core products in our activewear collection.”

Her remarks came the same day as Roots revealed it lost $5.2 million in its latest quarter compared with a loss of $5.3 million in the same quarter last year.

The company said the second-quarter loss amounted to 13 cents per diluted share for the quarter ended Aug. 3, the same as a year earlier.

In presenting the results, Roach reminded analysts that the first half of the year is usually “seasonally small,” representing just 30 per cent of the company’s annual sales.

Sales for the second quarter totalled $47.7 million, down from $49.4 million in the same quarter last year.

The move lower came as direct-to-consumer sales amounted to $36.4 million, down from $37.1 million a year earlier, as comparable sales edged down 0.2 per cent.

The numbers reflect the fact that Roots continued to grapple with inventory challenges in the company’s Cooper fleece line that first cropped up in its previous quarter.

Roots recently began to use artificial intelligence to assist with daily inventory replenishments and said more tools helping with allocation will go live in the next quarter.

Beyond that time period, the company intends to keep exploring AI and renovate more of its stores.

It will also re-evaluate its design ranks.

Roots announced Friday that chief product officer Karuna Scheinfeld has stepped down.

Rather than fill the role, the company plans to hire senior level design talent with international experience in the outdoor and activewear sectors who will take on tasks previously done by the chief product officer.

This report by The Canadian Press was first published Sept. 13, 2024.

Companies in this story: (TSX:ROOT)

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