Shoe shoppers will have one less shoe store brand in the Lower Mainland by the end of this month.
North American footwear and accessories retailer DSW Inc., based in Columbus, Ohio, announced in August that it would close down all of its 38 Town Shoes locations in Canada by the end of the financial year.
Town Shoes Limited, run by DSW Inc., is one of Canada's largest footwear retailers with five brands: Town Shoes, The Shoe Company, Shoe Warehouse, Sterling, and DSW (Designer Shoe Warehouse) stores.
In a news release, DSW CEO Roger Rawlins had cited increased competition and operating costs as reasons for the closure. According to CBC News, the decision came after a review of the brand's performance and outlook, including changes in retail and the impact of e-commerce.
The company began its closing sale in November, and the online store has already shut down, as has the Coquitlam Centre location.
Locations at Burnaby's Metropolis at Metrotown, Surrey's Guildford Town Centre, West Vancouver's Park Royal South, and Vancouver's Pacific Centre, as well as in the South Granville neighbourhood, will shut down by the end of January.
At the 2867 Granville Street storefront, DWS launched new sneaker shop Grail in May 2018.
The brand also has locations in Alberta, Saskatchewan, and Ontario. The closures will affect approximately 400 workers, according to CBC News.
Town Shoes opened its first location in Toronto in 1952 and expanded to over 50 stores across Canada.
In other footwear closures over the past few years, back in May 2017, Vancouver-based Ingledew's Shoes announced it would be shutting down after 102 years in business due to a combinations of factors, including rapid changes in the retail environment as well as increased rent and other operating costs.