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Coronavirus: 101-year-old Canadian discount retailer Army and Navy to close permanently

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globalnews.ca

A 101-year-old retail icon in B.C. and Alberta is closing due to financial pressures from COVID-19. Army & Navy closed its department stores “temporarily” in March due to the pandemic.

But in a statement Saturday, president and CEO Jacqui Cohen said while the company had hoped to reopen, “the economic challenges of COVID-19 have proven insurmountable.” “I am full of gratitude for our staff and their years of service, our suppliers with whom we forged decades-long relationships, and of course our loyal customers who were at the heart of our business,” said Cohen. “It is hard to comprehend.

This time last year we were celebrating the centenary of Army & Navy — a company my grandfather started in 1919 — and we were looking forward to the years

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