![]() You would go there and line up to get a pencil and an order form, fill in your order and give it to the clerk at the counter. There was a Food |City store there as well.Ĭonsumers Distributing had lots of "Catalog" stores in the early 80's. Towers was at Towers Plaza at Dixie Road and Dundas Street in Mississauga. I think there is warehouse space in there now. Target gutted one end of the mall and opened there for a short time. Sheridan Mall in Mississauga was SS Kresge, then K-Mart and then Zellers. Sherway Gardens had both Dominion and Loblaws supermarkets.Ĭloverdale was Morgans and then The Bay - it was their big west end store. There might have been some intervening stores there as well. Then it was Knob Hill Farms and then Sears Outlet. ![]() Sayvettes was also in Dixie Plaza in Mississauga. Some old store names - Sayvettes was in Thorncliffe Market Place back around Centennial Year. Its stock dipped more than 7% during extended trading hours. The company posted a disappointing holiday sales season and lowered its earnings guidance for the 2016 fiscal year. He said that Macy's - and its competitors in the brick-and-mortar retail industry - have been "unwilling to fully acknowledge the reality of their business performance," and he expects job cuts and store closures to be an ongoing trend in 2017.Īn earnings report posted by Kohls ( KSS) Wednesday followed the trend. "It's a very hard day for the folks involved obviously, but I would also say it's inevitable," Cohen said. Mark Cohen, a professor at Columbia Business School, said it's not the last time Macy's will make this type of announcement. The expected savings from these cuts will be invested in the company's digital business as well as marketing efforts including Bluemercury, Macy's Backstage and China, Macy's said. ![]() The closings are among the 100 stores Macy's said last August that it intends to shutter. Macy's ( M) said it expects to layoff about 3,900 workers as a result of the upcoming store closures, and another 6,200 jobs will be cut as the company works to streamline its management team, according to a press release.Ī few stores have already been shuttered, but 63 will close down between now and mid-2017, leaving about 660 U.S. The news caused its stock to plunge nearly 10% during after-hours trading Wednesday. ![]() The announcement was issued alongside an unfavorable earnings report, showing comparable store sales dipped 2.1% last quarter. ![]()
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