The stores will shutter in March 2021. Some could be acquired by one of the mega retailers looking to pick up a distressed brand. Macy's closing 45 more stores in 2021 as part of its restructuring. Creation of the landmark was accomplished with two steam shovels and lots of ‘horsepower’ and wooden wagons (HBC Winnipeg archives). See the list. For many, the day of reckoning could come following the holiday season. The survey said 62 percent of small businesses are fully open; 37 percent are fully staffed; and only 26 percent are making normal sales. Along with this, it’s closing 350 stores worldwide this year, and ceasing operations in 40 countries, including Canada. COVID-19 has been far from sweet for Godiva, which has decided to sell or close its stores across North America. The giant retail store was opened in Winnipeg in 1926, to replace other Bay stores in the city and was designed as the flagship store of the Hudson’s Bay Company. Craig Patterson, Editor-In-Chief and Founder of Retail Insider, described the trend in store closures as “catastrophic”. This is just the latest indication of a vast change in retail which has seen many closings and even bankruptcies of once giant chains. Save my name, email, and website in this browser for the next time I comment. Others will scrape by with e-commerce running full tilt and store traffic lower than last year but enough to pay the bills. Carlton Cards & Papyrus will be closing all North American locations, totalling 78 Canadian locations and 178 locations in the U.S. With that being said, the closures aren’t all bad news — Carlton Cards and Papyrus will still be available at retail locations like Indigo, Sobey’s, and more. Number of store closings: 120 stores between fiscal 2015 and 2017. Read more: These major retailers are closing stores in 2017. A spokesperson for Starbucks Canada has confirmed to Dished that the company will be closing up to 300 stores across the nation by the end of March as part of its next phase of store transformation. Godiva closing 128 stores in North America, including all 11 in Canada Posted January 24th, 2021 by Brahm Canzer & filed under Part 1 Business in a Global Environment , Part 3 Management: Empowering People to Achieve Business Objectives , Part 4: Marketing Management , Part 6 Managing Financial Resources . This is not a temporary situation it will continue now for years to come. The Montreal company anticipates lower rents and as a result, plans to selectively open more locations while also significantly growing e-commerce. Starbucks has announced that it will be closing 300 stores in Canada by the end of March 2021. That doesn’t necessarily mean that the retailers will be going away, but some will. The consumer real estate industry was built on relationships and the major adjustment in this intense time of change and unpredictability will be centred around the reorganization of relationships throughout the consumer real estate transactional chain.”.