torontowest91
Active Member
surprised they stayed open this long
Yup. Le Chateau needs a full revamp. The branding, store design, etc. seems ancient. It does not look like a high-ish end clothing store, but rather a discount brand.
Yup, in the 90's they actually had interesting, alternative leaning clothes, but they've been lame ever since their styles went generic mainstream.
I also had those Airwalk shoes. The shoes fell apart six months or so later. At least I have proper Converse All-Stars.Last summer I bought a pair of Airwalk shoes that were a ripoff of Converse chucks and they lasted 3 months before they fell apart.
The parent company of retailer Gap says it will close some stores in Canada as part of a global plan to shutter almost half of the brand's locations over the next two years.
Gap Inc. is refusing to tell The Canadian Press exactly how many of the 230 stores it is closing will be in Canada, but says the majority of international network closures will be in North America.
Payless is now undergoing liquidation.Payless seeks creditor protection, plans to close stores in U.S. and Canada
https://www.cbc.ca/news/business/payless-shoe-stores-1.5024739
Forever 21 Prepares for Potential Bankruptcy Filing
By Eliza Ronalds-Hannon and Lauren Coleman-Lochner
28 August 2019, 16:18 GMT-4
www.bloomberg.com/news/articles/2019-08-28/forever-21-is-said-to-prepare-potential-bankruptcy-filing
You could say Forever 21 wasn't gonna last forever...
That's what I going to call that retailer from now on.Forever Chapter 11.
AoD
Declining retail stores
Then there are the structural issues in retail that are no doubt pounding Forever 21 into the ground.
First, there remains too many retail stores in America amid the shift to online shopping. Unproductive retail chains must — and will — be weeded out as people reduce trips to physical shops.
The shakeout in retail is likely to be massive. Investment bank UBS estimated earlier this year that as online retail sales penetration rises to 25% from 16% currently, about 75,000 retail stores will close shop by 2026. That amounts to 7% or so of the 1,044,754 retail locations UBS says exist.
UBS believes 21,000 clothing stores out of the 82,000 in existence will have to close.
If you are near a Forever 21 — which has failed to evolve — this tsunami of store closings is likely to show up at your doorstep.