Payless Shoesource goes Bankrupt...again

Image result for payless
Source: Wikimedia Commons

Here we go again, Payless shoes announced that they are shutting down all of their North American stores, including 248 stores in Canada as it files for bankruptcy for the second time since 2017. Liquidation sales are already beginning at some locations and all Payless stores will close by the end of May.
Source: Retail Insider

Comments

Post a Comment

RULES: Comments are subject to approval before showing up. Please stay on topic and be civil.

Popular posts from this blog

Lost Retail: The history of Knob Hill Farms

Image
A picture of a Knob Hill basket. Credit: Wikipedia For today’s lost retail post I’ll be talking about an old, local chain of grocery stores called Knob Hill Farms. Knob Hill Farms was a chain of 10 warehouse-like “food terminals” in the Toronto area. These stores were pretty large for a supermarket at the time they operated ranging from 65,000 sqft to a gigantic 335,000 sqft. Due to financial issues, Knob Hill Farms closed/sold all their stores in 2000. History Knob Hill Farms was founded in 1954 by Steve Stavro as a more conventional grocery chain operating 9 markets in Toronto. It wasn’t until 1963 that Stravro opened his first 65,000 sqft “food terminal” in Markham. In 1971, Knob Hill Farms expanded into Pickering with its second terminal. Knob Hill Farms than opened their first Toronto store  in 1975 and second Toronto terminal opened in 1977. Their fifth store, which was billed as the largest food store in North America at the time, opened in 1978 in Mississauga....
Read more

Lowe’s stores in Canada begin re-brand to Rona+

Image
As you might know already, Lowe’s sold their Canadian division to a private equity company, Sycamore Partners, earlier this year. Rona then announced that the Lowe's stores will be gradually re-branded as Rona+. These conversions started at the end of July with 10 stores in Ontario. So far all they did was replace all the Lowe’s logos with Rona+ logos with the Lowe's decor remaining intact. What’s interesting about Rona+ is that some Lowe’s stores were converted from larger Rona stores. So in a way, this will go full circle at some locations. Hopefully this will be successful for Rona. Until the next post (hopefully it won’t be another 2 years), Dom
Read more