Town Shoes

Town Shoes Ltd.
subsidiary
Fate To be shut down due to poor sales[1]
Founded 1952 (1952)
Founder Leonard Simpson
Defunct January 2019 (January 2019)
Headquarters Toronto, Ontario, Canada
Number of locations
 38 (2018)
Parent DSW, Inc.
Website townshoes.ca

Town Shoes Ltd. is Canadian chain of shoe stores owned by American shoe retailer DSW, Inc. It was founded by Leonard Simpson in 1952, when he took over a failing store in Sunnybrook Plaza in Toronto.[2] It has 30 locations across Canada including Vancouver, Calgary, Edmonton, Winnipeg, Ottawa, London, Toronto, Kitchener, Barrie, Regina and Halifax. The Shoe Company is a wholly owned subsidiary of Town Shoes and operates across Canada as well, with more than 65 stores.

Town Shoes at Bloor Street

As of July 2012, Town Shoes owns Sterling Shoes, Shoe Warehouse, and Freedman Shoes, which were formally run by Sterling Shoes LP.

In 2014, DSW, Inc. acquired a 44% stake in Town Shoes. 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.[1]

References

  1. 1 2 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. Retrieved January 17, 2018.

See also

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