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   From: puela@nyet.ca   
      
   Canadian Press | January 15, 2015 |   
      
      
   Canada’s retail exodus: Here’s who’s closed stores in Canada   
      
   Target Canada isn’t the only retailer closing its doors in Canada.  On   
   Thursday, Sony announced it was shuttering stores in the country.  They add   
   their names to a growing list of retailers who have recently closed some stores   
   or are closing altogether in Canada.   
      
   Here is a list of recent notable closures:   
      
   Target Canada   
   — Target Corp. announced its decision to close all its stores on January 15.   
   – Shuttering 133 stores, affecting 17,600 employees   
   – “We were losing money every day,” chief executive Brian Cornell said   
   in a   
   corporate blog post. The company had racked up over US$2-billion in losses in   
   its less than two years in Canada   
      
   Sony   
   — Sony Corp. announced January 15 it’s closing all 14 of its stores in   
   Canada   
   over the next six to eight weeks   
   — Closures will result in 90 layoffs   
   — Currently has stores in Montreal, Ottawa, Quebec City, Vancouver, Toronto   
   and   
   Alberta   
   — Company facing US$1.9 billion loss when its fiscal year ends in March   
      
   Mexx Canada   
   - Dutch-based retailer declared bankruptcy in December 2014   
   – Liquidating 95 stores in Canada by the end of February   
   – Mexx has 315 stores around the world   
      
   Smart Set   
   – Parent company Reitmans announced in November 2014 that it would close 107   
   Smart Set stores   
   – Will convert 76 locations into other banners, including Reitmans,   
   Penningtons, Addition Elle, RW&Co. and Thyme Maternity   
   – Smart Set banner was created in 1945, with the first location opening in   
   Ontario in 1970   
   – First Reitmans store opened in Montreal in 1926   
      
   Jacob   
   - Womens’ retailer was founded in 1977 in Montreal   
   – Announced in October 2014 it would abandon restructuring efforts and close   
   92   
   stores across the country   
   – Company under creditor protection since November 2010   
      
   Holt Renfrew   
   – Luxury retailer closing stores in Ottawa and Quebec City at the end of   
   January 2015   
   – Will undertake a $300 million expansion in key markets such as Vancouver,   
   Calgary, Edmonton, Toronto, and Montreal   
      
   Sears Canada   
   - In October 2014, parent company Sears Holding Corp. announced it would sell   
   most of its stake in the struggling Canadian unit to raise as much as US$380   
   million   
   – In January 2014, Sears Canada announced it was cutting 2,200 employees from   
   its payroll. It had already laid off thousands of employees in 2013   
   –  Sears Canada has sold leases to some of its most prominent locations,   
   including its flagship location at the Toronto Eaton Centre   
      
   Zellers   
   – In 2011, parent company Hudson’s Bay Co. sold its leasing rights for its   
   nearly 200 Zellers locations to U.S. retailer Target for $1.83 billion   
      
      
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         Loyalty to the country always.   Loyalty to the government when it   
   deserves it.        ~   Mark Twain   
   ============================================================================   
      
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