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