Town Shoes

Last updated
Town Shoes Ltd.
Company type Subsidiary
Founded1952;73 years ago (1952)
FounderLeonard Simpson
DefunctJanuary 2019;6 years ago (2019-01)
FateShut down [1]
Headquarters Toronto, Ontario, Canada
Number of locations
38 (2018)
Parent DSW, Inc.

Town Shoes Ltd. was a Canadian chain of shoe stores founded by Leonard Simpson in 1952. [2]

Contents

The business had 38 locations operating across Canada. Additionally it operated two banners The Shoe Store and Shoe Warehouse (after 2014).

Timeline

In 2014, DSW, Inc., now Designer Brands, acquired a 44% stake in Town Shoes and entered an agreement to open Shoe Warehouse stores in Canada.[ citation needed ]

In May 2018, DSW purchased the remainder of the company.

On August 28, 2018, DSW announced the closure of all 38 locations, due to competition from other retailers. [3]

See also

References

  1. ↑ Patterson, Craig (August 28, 2018). "DSW to Shutter Town Shoes Chain of Stores". Retail Insider. Retrieved August 28, 2018.
  2. ↑ Palkowski, Yvonne (Spring 2013). "Man About Town: Town Shoes founder Leonard Simpson". UC Magazine. University College, Toronto. Archived from the original on 2013-07-09. Retrieved 2019-10-03.
  3. ↑ Patterson, Craig (28 August 2018). "DSW to Shutter Town Shoes Chain of Stores". Retail Insider. Vancouver BC: Retail Insider Media Ltd. Retrieved 3 June 2020.
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