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The Bay in Centerpoint Mall, North York, Toronto, ON. The diversification of the Hudson's Bay Company (HBC) became necessary with the decline of fur trade in the latter half of the 19th century, and the Deed of Surrender in which ownership of the North-Western Territory and Rupert's Land was transferred from HBC to the newly established country of Canada in 1870. [10]
Throughout the 21st century, retail businesses in Canada have felt the pressures of foreign store expansions into the country, as well as a shift towards online retail. As a result, closures have been a mix of stores unique to the nation, as well as newcomers like Target Canada .
Jack's Department Store was initially a small town department store selling a range of products. After the death of I.D Alter, in 1978, his grandson, Jeffrey Alter joined the firm. In 1980, the company changed its name to Silvert's Clothing for Seniors and began specializing in adaptive clothing with Jeffrey Alter as CEO.
The first Stitches store was founded in Toronto in 1975 along with Young Manufacturer Inc., now YM Inc by entrepreneur Michael Gold (ne Goldgrub) History [ edit ]
Roots store in Yorkdale Mall, Toronto Roots store on Bloor St. in Toronto. As the demand for Roots' negative-heel shoes continued, the Roots factory expanded. By the fall of 1975, the factory that had made only 30 pairs of shoes a day was making more than 2,000. [12] Later that year, Roots decided to experiment with casual apparel. [13]
The latter had recruited the high-street designer for its grocery store brand to help shoppers avoid high street. Asda and George were sold to Walmart in 1999, which led to the expansion of the George brand into Walmart stores. [2] In February 2022, Asda and George were bought by TDR Capital for £6.8 billion pounds. Plans to spin George off ...
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