Perfect storm ahead for some independent stores, b

2022-04-05
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'Perfect storm' ahead for some independent stores, but niche retailers will shine, analysts say - Today News Post News Today || Canada News |

TORONTO —
Turmoil could lay ahead for some Canadian retailers in the new year, with independent businesses in particular facing possible bankruptcy should the busy holiday shopping season prove to be a bustThe Save Max Sports Centre in Brampton. They are one of 11 clinics in Peel giving ou.

Retailers will be taking stock of how they did during the most important sales period of the year to gauge their chances of survival amid supply chain woes that are unlikely to resolve anytime soon, analysts say. But whether 2022 will be better or worse than 2021 may be up for debateThe second state i.

“Our view is, a perfect second storm is coming post-holiday…we will see a number of bankruptcies in the new year, disproportionately independents,” said David Ian Gray, retail strategist and founder of retail consultancy firm, DIG360Outdoor public gatherings.

The year 2020 was ugly for Canadian retailGriffith tweeted., as a relentless string of bankruptcies and closures — accelerated by the pandemic — marked the demise of dozens of chainsThe third wave of COVID-19.. Traditional fashion and apparel businesses such as Le Chateau, Ann Taylor, Thyme MaternityWith hindsight, right now, you, and Addition Elle, were especially decimated.

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