Toronto landmark retailer Stollerys is closing is doors in the new year after 114 years of being open at the corner of the Yonge and Bloor intersection.
BlogTO reported on the stores closing after the official website for the menswear store posted an image on their homepage announcing the store’s upcoming closure (see image below).
Stollery was known for its tailored menwear and for its iconic storefront which includes four floors of retail space at One Bloor Street West. Founded by Frank Stollery in 1901, the store has grown from its beginnings as a small store to the iconic shop it is now. Stollery will stay open for this holiday season but will close sometime in the new year. There is no word on what will go in the location after the store closes, but it is reported that the location has already been sold to a developer.
With the growing competition in Toronto for both mens and ladies fashion, which includes the opening of a Holt Renfrew mens location, we are saddened to hear that a shop with such deep roots in Toronto will officially close its doors. It has been increasingly hard for Canadian retailers to keep up with the demand, and cash flow of, that comes with larger, corporate fashion chains. Stollery joins the growing list of closures along with retailer Jacob and the many SEARS Canada locations