According to Hudson’s Bay Co., the budget retailer Zellers’ last two outlets will close early next year.
In an emailed statement, spokesperson Tiffany Bourre said, “Through the usual course of business, we continually evaluate store performance and other reasons, and may determine it necessary to close a shop.”
The stores in Toronto and Ottawa will close in January 2020, according to the retailer.
“We do not break out store employment data,” Bourre said, declining to tell how many people work at the locations.
Employees who are eligible will get separation packages, and the company would look into transfer opportunities where possible, she said.
Born in Waterloo County, Ontario, In 1928, Walter Philip Zeller founded the corporation with four locations in Ontario.
However, he was purchased out by an American corporation, which went bankrupt during the Great Depression. Zeller repurchased the properties in Canada, which had expanded to 14 at that time. You can also check out our website https://en.wikipedia.org/wiki/Zeddy – zeddy
In 1932, he reopened a dozen Zellers stores in Ontario, Quebec, and New Brunswick.
In 1978, HBC became the sole owner of Zellers.
In 2011, the business agreed to sell the leases of 189 Zellers stores to Target for $1.8 billion, with the remainder of the stores closing by March 2013 (save for three).
Montreal and Surrey were the two venues that closed in 2014. The Ottawa store reopened the next year, leaving it and the Toronto store as the only existing Zellers locations.