Danier Leather starts closing sales at 76 stores across Canada

TORONTO – Store closing sales start Tuesday at the remaining Danier Leather stores and outlets in Canada.

How the rise of puffy parkas in Canada resulted in the downfall of Danier Leather

Underpinning all of Danier’s woes in recent years was the rise of the now-ubiquitous puffy parka, turned into a Canadian fashion staple by Canada Goose more than 5 years ago. Read on

The well-known retailer of leatherwear and accessories entered insolvency proceedings in February after losing nearly $20 million in the 2015 fiscal year despite efforts to show the company around. Sales fell 14 percent in 2015 after contracting by 10 per cent the previous year.

The liquidators say in addition to their current inventory, the stores are receiving new shipments from warehouses.

The store fixtures, furniture and equipment will also be for sale.

CEO Jeffrey Wortsman said in Danier’s most recent annual report that the company had didn’t offer clothing and accessories that aligned with current fashion trends.

Danier signed an agreement with GA Retail Canada to take over its stores and sell off its inventory and retail furniture whether it did not look for a buyer.

There are 76 Danier Leather stores and outlets across Canada.

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