Did you ever shop at the Green Earth store at Stone Road Mall in Guelph or at CF Fairview Mall in Kitchener? You might want to head over soon as their days are numbered. Add their name to the list of stores like Payless ShoeSource and GAP. It’s true, the dream is over for Green Earth stores across the province as they begin to wind down operations across their 29 Ontario locations.
The Ontario-based chain has been a Canadian and mall staple since 1990. They are well known for their unique and sometimes one of a kind products. From home decor, essential oils, jewelry, unique clothing pieces, and even creative wine glasses.
It was the kind of store you could easily go find a gift for someone who is hard to shop for, or at least to find them something they will never forget. That tends to be the problem with gift stores, no one goes in expecting to buy anything. You simply go and you browse around for a while and if something piques your interest you might lay down the plastic money card. I mean, who really has disposable income these days?
A part of the reason why they are closing down can certainly be attributed to the increased consumer reliance on online stores. Amazon, eBay and Walmart own the market simply based on their sheer size. Matthew McBride of Green Earth made this very point yesterday via Newswire:
Hit by several uncontrollable factors, including reduced mall traffic and growing competitive pressure from online players, Green Earth filed a notice of intention to make a proposal (“NOI”) under the Bankruptcy and Insolvency Act on March 4, 2019.
A lot of the reason they went on the decline was due to a clear lack of mall foot traffic thanks (partly) to those online competitors. Especially for a store that tends to rely on browsing for most sales, it was only a matter of time that the company would need to re-think an online only platform or to shutter.
That’s where we are today with sales between 40-80% off all merchandise “including all popular licensed collectible lines, Green Earth Candles, jewellery, fire pots and fire gel, dragon eggs, etc.”. More than $16-million of inventory, fixtures and equipment is being liquidated. The sale is already well underway.
As we say goodbye to another brick and mortar store, goodbye to more jobs and goodbye to Green Earth – I say – go enjoy the deals while there is still some good selection.
The below locations are affected, which is all their locations in Ontario.
© 2019 Corus Radio, a division of Corus Entertainment Inc.