A flood of store closing announcements this year are causing concern to the industry, while international retailers continue to enter the country seeking a piece of the pie. Despite economic and other challenges, there are bright spots.
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The retail industry is changing rapidly, and Larry Leung identifies several trends being identified amongst the leading players.
The innovative electric car company had announced that it was closing most of its retail stores, and it has since backpedalled on the plans, though there will be some changes to its operations.
The Los Angeles-based beauty brand, which focuses on products that remove toxicity, has opened an impressive flagship space in what was once a fur retailer on Spadina Avenue.
The UK-based fashion brand once had stores across the country. Its e-commerce and social media are shut down, and its last store closes at the end of the month.