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
Zara (retailer) Zara (retailer) Zara SA () is a Spanish fast fashion (clothing and accessories) retailer based in Arteixo (A Coruña) in Galicia. The company was founded in 1975 by Amancio Ortega and Rosalía Mera. It is the main brand of the Inditex group, the world's largest apparel retailer. The fashion group also owns brands such as Massimo Dutti, Pull&Bear, Bershka, Stradivarius, Oysho, Zara Home, and Uterqüe. Zara as of 2017 manages up to 20 clothing collections a year. Amancio Ortega opened the first Zara store in 1975 in central A Coruña, Galicia, Spain. Ortega initially named the store "Zorba" after the