The content on this website is protected by the copyrights of Retail Insider Media Ltd. or the copyrights of third parties and used by agreement. Star Newspapers Limited and/or its licensors. Brokerage and real estate consultancy Oberfeld Snowcap is said to be negotiating leases for more Decathlon locations across Canada. “The closure of six [Sportium] stores, which means the end of the Sportium banner, is a heartbreaking but necessary decision that will allow us to keep the most promising SAIL outlets,” said Norman Décarie, President and Chief Executive Officer of SAIL Outdoors Inc. “For several years now, the retail industry has been undergoing a major transformation characterized, among other things, by an increase in online sales and heightened competition,” said Norman Décarie. ft. Sail location and 70,000 sq.

A Sail outdoor store is seen in Brossard, Que. Renaissance refreshes to be less thrift, more modern retailer. In addition to the challenges presented by the pandemic, both Sail and Sportium faced new competition in recent years.

expressly prohibited without the prior written consent of Toronto David Segal, who is also Founder of DAVIDs TEA, launched two new brands for the Mad Radish chain. This situation is forcing us to make major decisions to ensure the company’s sustainability.”.

Saturday’ Opens 1st Storefront [Photos], French Skincare Brand Caudalie to Open Multi-Level ‘Caudalie House’ on Hazelton Avenue [Exclusive]. While its retail footprint is characterized by large-format stores meant for more experiential shopping, it also made changes to adapt to other consumer needs that disrupted the retail sector. While the sale of sporting goods may see a boost during the summer months, a lack of organized sports may put a further dent in sales at some sporting goods retailers for the foreseeable future.


After the permanent closures are complete, Sail will have 12 bricks-and-mortar stores remaining. The closures will impact roughly 500 employees, though the company said it would make offers to transfer employees to other stores or its distribution centres. Last year, the company opened a new distribution centre completely dedicated to fulfilling online orders, which Décarie says demonstrates the company’s commitment to evolving based on market and consumer needs. “For several years now, the retail industry has been undergoing a major transformation characterized, among other things, by an increase in online sales and heightened competition,” said Norman Décarie, president and CEO of Sail. For Sail, demand for camping and outdoor equipment has been low, as many public parks and private campgrounds in its main markets have been closed. To order copies of The real estate arm will transform some stores into mixed-use properties featuring offices, housing, entertainment, and retail space. He has studied the Canadian retail landscape for the past 25 years and he holds Bachelor of Commerce and Bachelor of Laws Degrees. All Sail has 1,800 employees, some of whom will be able to transfer to other stores or its distribution centre. On Thursday, the company revealed that repositioning would include closing all four Sportium stores, closing the banner for good (its ecommerce site will continue operating for “a while,” a press release said). Despite positing itself to handle the ecommerce-only world most retailers have been in for the better part of the last three months, demand for products at both banners has been low since the start of the pandemic. Fire & Flower grows by acquiring Friendly Stranger, Sobeys’ Michael Medline says it’s time to ‘innovate or die’. Ontario stores in Vaughan and Etobicoke, near Toronto, will also close. National parks are currently only open for day use, and not overnight stays. Copyright owned or licensed by Toronto Star Newspapers Limited. What led to Le Chateau closing its doors?

on Tuesday, June 2, 2020. The stores will close after liquidation sales and the e-commerce websites (Sail.ca and Sportium.ca) will continue to operate. Consumer spending in many segments is expected to be sluggish in the months to come and as a result, retail sales for many will continue to suffer. Newspapers Limited, One Yonge Street, 4th floor, Toronto, ON, M5E 1E6. presentation-ready copies of Toronto Star content for distribution Regardless of being open, public health officials continue to advise against travelling between regions, in order to prevent the spread of COVID-19 from larger urban centres to smaller communities that may not be able to handle the toll of an outbreak. The impressive store is the first of several expected for the province as Uniqlo expands further into Canada. to colleagues, clients or customers, or inquire about This copy is for your personal non-commercial use only. No part of any of the content of this website may be reproduced, distributed, modified, framed, cached, adapted or linked to, or made available in any form by any photographic, electronic, digital, mechanical, photostat, microfilm, xerography or other means, or incorporated into or used in any information storage and retrieval system, electronic or mechanical, without the prior written permission of Retail Insider Media Ltd. or the applicable third party copyright owner. To order rights reserved. Then came French sports retailer behemoth Decathlon, which is looking to open stores across Canada as part of a significant expansion.



Large-format sports retailer Sportium operates four stores in Quebec cities of Québec City, Saint-Hubert, Laval and Kirkland, all of which will be closing. Republication or distribution of this content is
National Bank broadens its effort for healthcare workers, Buick wants to get a lift from Tessa Virtue, Fountain Tire shifts gears to drive trust in mechanics, IKEA inspires little acts that have a big environmental impact. Copyright © 1987-2020 Brunico Communications Ltd. All Rights Reserved. Sail Outdoors Inc. has filed for bankruptcy protection so it can restructure amid the COVID-19 pandemic. Video technology is critical to ensure a safe and secure space, but when powered by analytics, it can be leveraged to provide a full suite of business intelligence services. The number will be reduced to 12 when two units shutter. Over the last three years, both the Sail and Sportium banners continued with plans to expand in both Quebec and Ontario, including a a 50,000 sq.

Can private equity save embattled retailers? *This story has been updated since its publication date to reflect the confirmed store closures, including all Sportium stores and two SAIL locations. Save my name, email, and website in this browser for the next time I comment. The restructuring will affect approximately 500 employees and the company promised to offer options for transferring employees to other stores or to their distribution centre which supports their online sales fulfilment. “This strategic decision is the best way to refocus and put our operations on a more solid footing. The company hopes to turn around its retail business and restore its financial health. Retail Insider reported in August of 2018 that SAIL was investing $40 million into the company which saw three new stores, a new warehouse, and 300 employees hired. Canada's Most-Read Online Retail Industry Publication.

The company, founded more than 40 years ago, will focus on 12 remaining Sail locations, including eight in Quebec and four in Ontario, as well as its e-commerce business. In Ontario, Sport Check operates many stores including several experiential flagships that span in excess of 70,000 square feet. Welcome to the New Retail Insider Website, Uniqlo Opens Massive Downtown Montreal Flagship as it Enters the Quebec Market [Photos], Hudson’s Bay Company Announces Division to Redevelop Real Estate Assets, Miniso Canada Investors Protest Chinese Parent Company, Retail Insider reported in August of 2018, we reported that Sportium had opened its third store, opened its first Canadian store in suburban Montreal, an impressive 75,000-square-foot flagship store at Quartier DIX30, Study Finds COVID-19 Permanently Changing Consumer Behaviours in Canada, Digital Platform “Near Shop” Launches to Connect Consumers with Local Brick-and-Mortar Retail Stores, Mad Radish Foodservice Concept Expanding with Partners, Letter to the Editor: “Behind the Bikini Bankruptcy” (Swimco story), Axis Communications Retail Solutions Going Well Beyond Security, Edgy Canadian Luxury Apparel Brand ‘Mr.

The Ephemeral flagship launched on Toronto's Queen St. W. with plans to move to Los Angeles in the spring. “Unfortunately, the consequences of the pandemic, such as the closure of stores for two months, have added further pressure on our cash flow and financial health. The move comes two days after the Quebec-based company said it filed for creditor protection under the Bankruptcy and Insolvency Act due to the pressure of having its stores were shuttered for several weeks because of measures to limit the spread of COVID-19. Our 100% e-commerce dedicated distribution centre, inaugurated last November, demonstrates our commitment to continue to innovate and evolve the company in line with the market and consumer needs,” said Mr. Décarie. The company has struggled financially after weeks of store shutdowns and prior to that, competition from expanding sports-focused retailers such as Decathlon, MEC, Sport Chek, and Sports Experts. Two Sail stores in Ontario – one in Vaughan and one in Etobicoke – will also close, following liquidation sales that are set to begin soon (both banners have reopened in Quebec and Ontario after spending roughly two months closed due to COVID-19). That includes an impressive 75,000-square-foot flagship store at Quartier DIX30 which opened in the fall of 2019 as well as a renovated downtown Montreal flagship. The stores will close after liquidation sales and the e-commerce websites (Sail.ca and Sportium.ca) will continue to operate. Enjoy big savings on a wide selection of clothing, hunting, fishing & outdoor gear in clearance at SAIL.

permissions/licensing, please go to: www.TorontoStarReprints.com. MONTREAL - Outdoor retailer Sail is shrinking its footprint by a third with the closure of four stores in Quebec and two in Ontario that will affect about 500 workers. This report by The Canadian Press was first published June 4, 2020. SAIL operates 14 standalone large-box stores with eight of those locations in the province of Quebec and six in Ontario.

Sail stores in Vaughan and Etobicoke will close as part of the restructuring, while the Sportium brand will be eliminated — liquidation sales will start at locations in Quebec City, St-Hubert, Laval, and Kirkland in a few days, CP reported. ft. Sportium store. “Unfortunately, the consequences of the pandemic, such as the closure of stores for two months, have added further pressure on our cash flow and financial health. Filings say the company’s total debt exceeds $100 million, against roughly $300 million in annual sales last year.


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