Army & Navy closed its department stores “temporarily” in March due to the pandemic.
But in a statement on Saturday, chief executive officer Jacqui Cohen said that if the company hoped to reopen, “the economic challenges of COVID-19 have turned out to be insurmountable.”
BEFORE CHRIST. retail stores reopen in mid-May. Here’s what they should do
“I am very grateful for our staff and their years of service, our suppliers with whom we have built relationships for decades, and of course our loyal customers who were at the heart of our business,” said Cohen.
“It is difficult to understand. At the same time last year, we were celebrating the centenary of the military and the navy – a business my grandfather started in 1919 – and we looked forward to the years to come. We are now closing a business that was at the heart of eight Western Canadian communities during its 101 years. “
How the COVID-19 pandemic could change the retail industry
Cohen said she would spend the next few weeks making sure the company’s staff “have our support.”
Coronavirus: B.C. supermarkets ask customers to wear masks
Army & Navy was founded in 1919 by Samuel Cohen, who turned a thriving post-war military surplus trade into a chain of department stores.
[ Sign up for our Health IQ newsletter for the latest coronavirus updates ]
The company currently has branches in Vancouver, where its flagship store is located, East Hastings Street, New Westminster, Langley, Calgary and Edmonton.
In addition to its low prices, Army & Navy is particularly known for its annual shoe sales, which have historically established long queues.
See the link »
© 2020 Global News, a division of Corus Entertainment Inc.