By the end of the month, Old Navy stores will open shutters at two shopping centers in the Greater Toronto Area.
On Friday, an Old Navy spokesperson confirmed to CTV News Toronto that stores at the Toronto Eaton Center and the Markville Shopping Center in Markham will close by Jan. 24.
“Old Navy continually evaluates its real estate portfolio to ensure a healthy store fleet that can provide the best possible experience for our customers,” the spokesperson said in an emailed statement.
“Local customers can continue to shop at other nearby Old Navy locations in Toronto, Vaughan, Richmond Hill and Scarborough or shop our Gap Inc. family of brands online.”
Other retailers in the Gap Inc. family include Athleta, Banana Republic and the eponymous provider Gap.
It’s the latest major retailer to break through in Toronto.
Last year, all Bed, Bath & Beyond stores in Canada closed in April after declaring bankruptcy. Months later, in June, Nordstrom withdrew all of its stores across Canada, including its online store Nordstrom.ca, citing lack of profitability in its Canadian business.
CTV News Toronto reached out to Cadillac Fairview, the commercial real estate company that owns the two malls, for comment but did not receive a response by publication.
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