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“Retail apocalypse” was the phrase coined to describe the anticipated demise of the brick-and-mortar retail store in the face of the unparalleled convenience of online shopping and...
From clothing retailers to entertainment powerhouses and iconic fashion chains, Canada lost some heavy hitters this year. Here are some of the iconic Canuck brands that were forced to restructure, filed for bankruptcy, or sought protection from creditors in 2020. Thanks to private investment money, some, like Mountain Equipment Co-op, will live to see another day. Others, like Papyrus, have shuttered physical locations permanently, closing a long retail chapter of storefront shopping. Shutterstock In October, Montreal-based fashion brand Le Château announced it would liquidate assets and w...