Many retail stores in particular have been hit hard by the downturn. Coffee chain Starbucks says it plans to close up to 200 stores in Canada in the next two years, even after the economy gets back to normal after COVID-19. Feb. 19, 2020. To add to financial losses resulting from the cancellation of iconic Montreal events, a slew of iconic Montreal-based stores announced closures in 2020. Closing Date. 2020 was already set to be a tough year for many retail stores before the pandemic, as 2019 saw a record number of permanent store closures.Even as retail stores shift to online and curbside pickup, 2020 is on pace to break that record for store closing. But this does not mark the end for the retailer that has more than 1,200 locations in the U.S. and Canada. The brand helped create the “fast fashion” trend, but it wasn’t enough. Some of the 40 stores – which are located in 19 states and Washington, D.C. – have already closed or will close in the first half of 2020, company spokeswoman Jessica Joyce said, … The global coronavirus pandemic’s impact on the economy is still ongoing. One of the last great vestiges of retail in Canada is set to close. Bath & Body Works. The home improvement store said in a press release the locations are underperforming. 2999 Massey Dr., Prince George. Victoria's Secret's parent company, L Brands, said in May that it plans to close 251 stores in the US and Canada in 2020. Stock up on Perfect Peony body splash now: Bath & Body Works&apos parent company, L Brands, announced in May 2020 that 50 locations in the United States, as well as one store in Canada, will close in 2020. Gap: 350 stores Most of the closures — 238 total —will be in the US. Chico’s has announced that it will be closing up to 250 stores in 2020. British Columbia. Along with this, it’s closing 350 stores worldwide this year, and ceasing operations in 40 countries, including Canada. Lowe's announced Monday, November 5 that they will be closing 51 stores in the United States and Canada.. The closures will mostly affect mall locations. Below, an evolving tally of store closing updates. The pandemic has inflicted significant damage to Montreal's economy since the start of COVID-19 in March. Starbucks says it will be closing up to 200 of its 1,400 stores in Canada over the next two years. Over the summer of 2020, more than 1,500 individual store locations in Canada will close permanently, likely an all-time record. Hudson’s Bay, which is nearly out of Winnipeg’s core, is closing its anchor store in Edmonton’s downtown, which has been operating since before Canada was a country. As people move to online sales, Forever 21 realized that traditional stores just won’t make it. 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