Approximately 1,000 people will be impacted by the store closures, with some locations possibly being rebranded as FreshCo.
Retailers and restaurants could face closure due to rising costs, though the Province says changes are necessary.
The prestigious award recognizes industry leaders who have made extraordinary contributions to retail innovation.
The popular American ‘sleep brand’, known for its memory foam mattresses, has partnered with the Canadian retailer to host Casper in 30 Indigo locations.
The unique new store will be housed in a unique heritage building, and will join locations in Toronto and New York City.
With big players dominating the industry, a company has launched an analytics product tailored to smaller retailers to compete with the giants.