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Experts: Mass bankruptcies and store closures expected in Canada by early 2021

from Retail Insider

Experts: Mass bankruptcies and store closures expected in Canada by early 2021 Retail Insider If you think it's bad now for the retail sector in Canada, you ain't seen nothing yet — just wait until early 2021. For many, the day of reckoning could come following the holiday season. "For many retailers, sadly, this will be their last holiday season. For those that were caught with outdated business models, weak balance sheets, less than exciting brands, short-term investors or near-sighted landlords the holiday will be their swan song,” said Bruce Winder, author of RETAIL Before, During & After COVID-19 and President of Bruce Winder Retail. READ MORE

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