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
Globus (clothing retailer) Globus (clothing retailer) Globus Stores Private Limited is a retail clothing store chain, based in Mumbai, India. It is part of the Rajan Raheja Group. As of April 2012, the chain has 35 locations in 22 cities in India. Globus was founded in January 1998. Its first location (at 35,000 square foot store) opened in Indore in June 1999, followed by two locations in Chennai. Its Mumbai flagship location opened in November 2001. By May 2008 the chain had expanded to 24 stores and started a push to greatly expand the number of locations. The chain has previously announced bold