Wednesday, 21 October 2015

We now have Sears and Kmart USA coverage!

Getting nervous about Sears and Kmart USA? You're not alone! GSA now has coverage on offer for both companies - but its going quick!

Call us for more information:


Read about it:
Kmart's sales have fallen off a gigantic cliff
Sears Closing Hundreds of Stores, Many Kmart Stores going out of Business as Well

Friday, 10 July 2015

Nine West goes the way of Target, Jacob, and Parasuco

Earlier this week, Toronto-based Sherson Group Inc, owner of Nine West in Canada, has filed for bankruptcy protection. The shoe distributor is owner of 48 Nine West retail spots in Canada, the closures of which could leave a large hole in the footwear retail world.
While the company may be able to restructure, shoppers throughout the country are concerned for their favorite footwear. The financial difficulty comes on the heels of many other Canadian apparel retailers in Canada filing for bankruptcy - Mexx Canada, Bikini Village, Target Canada, Smart Set, Jacob, Parasuco, etc.

Here are some of the top stores covering the bankruptcy, (click on the links for stories from their sources):

Nine West store owner in Canada files for bankruptcy protection - CBC

Nine West stores caught in bankruptcy protection - The Globe and Mail

Parent Company of Nine West's Canada Stores Headed for Bankruptcy - Footwear News

Nine West Shoe Store Owner Files For Bankruptcy Protection - Huffington Post Canada

Tuesday, 21 April 2015

RIAC Reports on GSA Opening in Ontario

RIAC (the Receivables Insurance Association of Canada), has graciously posted a blog about our offices opening in Ontario.


Wednesday, 18 February 2015

2014-2015 Quebec Fashion Bankruptcies

So many Quebec clothing companies have gone bankrupt (what we in Canada call CCAA),  in the past year, its hard to keep track.

Not only does each company cease to exist in its current form, choosing either to restructure, sell, or close its doors forever, it affects everyone else in the industry as well. Suppliers, manufacturers, import/exporters, distributors, designers, etc, are all touched each time a major player in the fashion industry goes under.

2014-2015 was a difficult year for retailers and wholesalers alike, and a non-comprehensive list of just a few of the best known names to fold this year reveals a challenging landscape.
Bikini Village
Imperial Pants
Rhino Freedom

Boutique de Mode Dahlia
Boutique Jacob
Boutique Onze
Boutique Plato
Lana-Lee Fahions
Modes Cazza
Twin Heart Clothing

If you are a supplier, wholesaler, distributor, importer/exporter or service provider in the retail and fashion industry, you might want to consider your options. Take a look into trade credit insurance, and keep your business safe.

GSA, Canada's largest specialist trade credit insurance brokerage is now serving Ontario!

If you're a manufacturer, importer, exporter, service provider, or distributor, ask about receivables insurance today
It's protection that could save your business

Please contact Ron Magee, our Ontario broker
T: 905-235-5523
C: 416-884-0254
F: 1-866-731-3099


Thursday, 5 February 2015

Questions About Credit Insurance?

Do you have questions about trade credit insurance? 
Think it might be too expensive for your company? 
Are you anxious about the current retail climate? 
Have you had a few bad losses? 

One of our expert brokers will be happy to visit you at any time to discuss your options, free of charge. We can also schedule information sessions and presentations for larger firms or associations.

Call us today for a free consultation, free quote, or to make an appointment to meet with one of our expert brokers.


With more than 20 years in the business, we are the largest specialist trade credit insurance brokerage in Canada. We can help you grow your business safely and without undue risk.

Thursday, 29 January 2015

The Story of Target Canada: From Arrival to Disaster

Target Arrives in Canada
Amid speculation around prices, competition and the retail industry climate; Target begins its journey across Canada, projecting the opening of 150 stores by the end of 2017
Target's arrival in Canada a game-changer for retailers at home and afar
December 11, 2012

Canadian Tire, Loblaw in 'battle mode' ahead of Target arrival
February 17, 2013

Target arrives in Canada
March 5, 2013

The Problems Begin 
The retailer endures mounting criticism for its Canadian operations. Lack of stock, product selection, pricing problems, and disorganization rank high on the list of complaints
Target's trouble stocking shelves due to outdated system
March 5, 2013

Target Canada still plagued by price perception problems as sales fail to meet expectations
October 30, 2013

Target Canada's failed launch offers lessons for other retailers
July 21, 2014

Target Lowers Outlook Amid 'Continuing Train Wreck In Canada'
August 6, 2014

 The End of Target Canada
In January 2015, Target Canada files a notice to its creditors of an intention to commence court-supervised restructuring proceedings (C.C.A.A., Canada's equivalent to Bankruptcy), and begins preparations for its exit from Canada and the closure of all Canadian operations.

Litany of problems pushes Target into giving up on Canada
January 15, 2015

Target to Exit Canada After Two-Year Effort Fails - 5th Update
January 15, 2015

Target Corp: A timeline of the retailer's failed Canadian experiment
January 15, 2015

Tuesday, 27 January 2015

New Infographic from

New infographic from CTVNews examines recent Canadian retail bankruptcies and asks the difficult question:

Thursday, 8 January 2015

New Globe and Mail Article on Export and Receivables Insurance

Marjo Johne presents the benefits of an accounts receivable insurance policy to exporters and growing businesses in Exporters: Receivables insurance can make the banks sit up and take notice, a new article published on December 29th. Johne presents compelling reasons for businesses, especially exporters, to look into credit insurance.
What is receivables insurance? Is it right for your company? 

Wednesday, 7 January 2015

Globe and Mail Post Retail Outlook Video for 2015

Marina Strauss, Retailing Reporter for the Globe and Mail, outlines predictions for this year 2015 in Canadian retail

New Article in Canadian Insurance Top Broker

An informative article was published in Canadian Insurance Top Broker recently which outlines the growth of Trade Credit Insurance in Canada. 
Written by Ronan O'Beirne, Receivables Insurance: A Golden Opportunity is full of useful information and absolutely worth the read.