Is Canada's Local Dress Really Driven By Electric Business?

Yesterday, the Canadian mainland

Laura has been submitted to creditors for protection.

It is understood that Laura owns Laura, Laura Petites and Melanie Lyne brands.

It has 150 stores in Canada, and earlier said it would turn off some of its poor stores and plan to continue its operations in the restructuring.

Is it really driven by electricity providers?

The Canadian women's wear market is very competitive. Over the past two years, a number of retailers have been defeated, including chain stores Sears and Target. The former is shutting down some shops, and the latter has been completely withdrawn from Canada.

According to industry sources, the influx of new retailers and the rise of online sales have made Canadian fashion retailers hit hard.

Laura acknowledged that its losses from 2012 to 2013 were huge, but Kalman Fisher, chairman of the board, said that its performance has picked up since then.

Public information shows that Laura was established in Montreal in 1930 by Laura Wolstein, and became a chain clothing store nationwide by 1990s, and is still a family industry.

"We will restructure our business segments and look forward to continuing to serve our customers in a better financial position."

Fisher said at the press conference.

"Our customer loyalty is very high, and they give positive feedback to our efforts in different financial situations," he said.

However, he did not disclose how many stores will be closed.

According to the Canadian company's creditors arrangement, Laura will be immune from the prosecution of creditors during the restructuring period.

It is understood that Canada

Competition is fierce. Over the past two years, many retailers have been defeated, including chain stores Sears and Target. The former is shutting down some shops, which have been withdrawn from Canada in full.

Recently, Mexx Canada declared bankruptcy, and Jacob only retained Canada's online business.

Last week, Jones New York announced that it had found a seller for its Canadian business, while Bikini Village had been La Vie en Rose.

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