DAVIDsTEA will close almost half of its Canadian stores as the retail company restructures.
The company announced on Thursday that 82 of its 186 outlets will close.
The company has not identified as of yet which stores will close including the fate of the Sault Ste. Marie outlet located in the Station Mall. DAVIDsTEA opened in the mall in 2015.
The company has lost about $93 million in the last three years.
DAVIDsTEA is also closing 45 of its American stores.
The company will continue to sell its products online and at grocery stores and pharmacies.
Another nail in the old coffin..
This is not good at all. We really do need an overly expensive tea store in this city.
Jeff M matter of time
Station mall is goingvto close in the near future because of sears n walmart gone. The other stores can’t afford the increased rent. The owner is gonna close up and make the mall into condos.
Mae Wannamaker there’s been rumour but no actual proof of this being true
Jasmine Busque Pringle
Not very good tea; Teavanna was better.
Jocelyne Piche Fluter so true
Jocelyne Piche Fluter I think your concern should be about another business closing.. 💁♀️
cost too much anyway
The Station Mall is becoming a ghost town like the Southridge Mall in Sudbury.
Mel Farenzena that’s what the owners want. For it to die so they can sell it and have condos built. I thought everyone knew this.
Mel Farenzena thought leases were expiring for stores anyway and they have to be out to build apartments or condos or whatever.
Cora Lee they kinda screwed up putting the mall on the waterfront in the first place, which other city has done that?