Jacob (clothing retailer) attributed its woes were pinned on entries by international retailers into the Canadian market, including H&M and Zara, it was also negatively impacted by "surgical shopping", a gap in the retail market increased during the recession, pushing purchasers to high end or value products, as opposed to middle market. Gap and Sears Canada were cited as casualties. The general manager of Yorkdale Shopping Centre forced the company to close its location in the mall, apparently struggling, in order to allow an outlet of American retailer J. Crew to open. On May 6, 2014 the retailer declared bankruptcy; the company would
Theory (clothing retailer) for unpaid royalties by Theory's then Asian licensee, Link International. Theory (clothing retailer) Theory (stylized as theory) is a New York-based men's and women's contemporary fashion label which sells clothes and accessories. The brand currently has 221 retail locations and global sales approaching $1 billion in 2014. The company’s headquarters and flagship boutique are located in Manhattan’s Meatpacking District. In 1997, Andrew Rosen, former CEO of Anne Klein and a Calvin Klein executive, launched Theory with co-founder Elie Tahari in New York City as a women's collection, with a focus on comfortable stretch pants. The collection performed well and a