2021 claims another retail victim.
It looks like 2021 has claimed another popular Canadian retailer: this time, it's Topshop that's closing in Canada.
According to an emailed statement from Hudson's Bay, the millennial-focused fast-fashion retailer will be shutting its doors across the country before the end of the year.
"While we continue to shape our offering for style-seeking millennials and Gen Z, Hudson's Bay will exit Topshop by October 2021. We have been able to secure transfer opportunities within Hudson's Bay for the majority of impacted associates," the statement read.
Topshop's former parent company Arcadia went into administration at the end of 2020, according to The Guardian, and the retailer was eventually bought by British fashion retailer ASOS.
According to Retail Insider, ASOS is considering allowing Nordstrom to carry the Topshop brand in Canada as it does in the United States.
This article's cover image was used for illustrative purposes only.