Scholar’s Choice Closing
Friday July 10th, 2020, 5:39pm
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Scholar’s Choice, is closing 13 of their 16 stores, including the Windsor location as part of a restructuring.
The company has filed for creditor protection through a Notice of Intention to propose a reorganization plan to better structure the company for future success.
Scholar’s Choice plans to shift focus to its e-commerce and catalogue operations. The remaining three retail stores will act as regional sales and distribution centres to support the shift in business to an online-first environment. These centres will be in Winnipeg, servicing Western Canada, London (Head Office) servicing Central Canada and Moncton, servicing Eastern Canada and Quebec.
“The impact of the COVID-19 pandemic has had a catastrophic effect on the Canadian retail sector, said CEO Scott Webster. “It has forced many businesses to make adjustments to survive the unforeseen events and Scholar’s Choice is no exception. Given the current climate we felt it was important to be proactive in shaping the direction of the company for the future. With fewer “brick and mortar” locations the company will be more nimble and able to focus on providing a better experience for its customers.”
Closing sales to begin on July 10th, 2020.