Starbucks: Last month Seattle-based coffee retailer Starbucks announced that it was closing approximately 200 locations across Canada as the company restructures its operations and looks to the future. Bath & Body Works is just one of the many businesses facing store closures in 2020. Boycott all nonsense. Montreal-based Ivanhoé Cambridge laid off 60 employees last month including COO Roman Drohomirecki. It’s an encouraging sign. There are other examples not included above that we have reported on since March of this year. 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. Bestseller: The Danish retailer shut its Bestseller-branded stores in Canada in the spring (including converting a Winnipeg unit to a Jack & Jones banner) and last month, announced in a bankruptcy filing that it would be closing more stores under its Jack & Jones and Vero Moda banners in Canada. RONA Calgary (Midnapore) 14815 Bannister Rd. english@rcinet.caPosted: Monday, October 5, 2020 10:11 Adding to that are property taxes, insurance, and other expenses. Other large retailers are making major staffing cuts. I hope retailers can find a way to turn the tide in the second half of 2020.