Mass Bankruptcies and Store Closures Expected in Canada by Early 2021: Experts
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Store closures and weaker consumer spending due to COVID-19 will see retail in Canada change substantially over the next six months.
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Canada Could Become Over-Saturated with Cannabis Retail Stores
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After a lull post-legalization, hundreds of cannabis stores are opening in Canada and not all will survive, according to experts.
Read MoreCOVID-19 to have Permanent Impact on Canadian Retail Industry: Expert
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Bruce Winder says that similar to the Great Depression, consumers will shift priorities and become thriftier amid government support and lost wealth.
Read MoreBrands in Canada Must Adjust to a New Reality Post COVID-19 or Perish: Expert
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Seasoned industry expert John Torella says that while some brands and retailers are open to change, many aren’t willing and thus will ultimately fail.
Read MoreLandlords to Face Mass Vacancies for Taking Hard Line on Retailer Rent Relief: Experts
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Industry sources blast landlords and suggest solutions amid the COVID-19 epidemic which could result in “tumbleweeds blowing through malls” if businesses go under.
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