Another retailer was killed by the pandemic. On September 9th, Groupe Dynamite, owners of the Dynamite and Garage chain filed for creditors protection and will be filing for Chapter 15 Bankruptcy in the US. It's unknown right now how many stores are going to close, but I can confirm that the one in the blog's coverage area already closed with signage intact. They operate 400 stores under both banners.
Today’s post will be covering a few well preserved Target stores that are still abandoned 5 years after the company left Canada. Some of these locations are still listed on Google Maps as closed if you look up Target. Many of those abandoned stores are located in dead malls or smaller community malls, which make them harder to re-tenant. Target: Cloverdale Mall-Toronto ON Credit: Google Maps You’re not fooling anyone. They only painted the store green in the last 2 years or so and the store never got a new tenant after Target left. This Target won’t get a new tenant anytime soon because there are plans to redevelop the mall and plus the former Target wing of the mall is dead. Target: Sherdan Centre- Mississauga ON Credit: Google Maps This Target hasn’t been touched since they left. It’s a nice treat to see if you are in the area. There are some noticeable label scars on the building. It’s one of the better preserved stores in the area. Target: South Oakville Centre- Oakville ON Cr...
A Chapter 15 bankruptcy filing was a new one for me, lol. Jokes aside though, this is sad to hear, as always. So many companies have been adversely affected by this pandemic: not only the virus threat itself, but also all the shutdowns and restrictions that seemingly arbitrarily choose what is "essential" and what is not...
ReplyDeleteI've never heard of a chapter 15 too. According to Wikipedia, it has to do with international cases. I agree, this pandemic and shutdown impacted a lot of industries, especially retail.
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