Chalk up another victim of the retail revolution.
Having what is arguably the best retail location in Canada’s largest city was likely one of the reasons the store survived generation after generation of upheaval in retail. But according to the Globe and Mail, the store was struggling with competitors who had a stronger online presence.
A developer has bought the location, but details are scant and it’s not yet known when the store will close its doors once and for all.
Stollery's is joining a growing group of iconic Toronto retail locations that have shut down or will soon do so. Check out all the landmarks the city has lost recently and/or will lose:
broken thoughts via Flickr
Honest Ed's was a Walmart before Walmart, a dollar store before Dollarama. Ed Mirvish opened his landmark location at the corner of Bloor and Bathurst in 1948 and ran the place until he died in 2007. It was announced last year the store would be closing, but it's expected to remain open for a few more years.
Albert Choi via Flickr
The World's Biggest Bookstore might actually not have been the world's biggest (the Strand in New York and Foyles in London would have given it a run for its money) but it was a landmark location for Toronto book lovers from 1980 until it closed this year. It was owned by Indigo Books for much of its existence.
Chris Barker via Flickr
Toronto's bookstores are disappearing, and this year Chapters Indigo announced it's closing its flagship Chapters store at John and Richmond. It had been in operation for 15 years. Other bookstores to have shut locations in the past few years include Book City, the Cookbook Store, Toronto Women's Bookstore and Nicholas Hoare books.
Andy Nystrom via Flickr
One of the last surviving record chains still in operation in Canada announced last month it's closing its last two locations on Yonge Street, following a change of ownership. The stores will shut down in mid-November, though the chain's Etobicoke location will remain open.
Michael Stout via Flickr
This store, once the flagship of a 140-store nationwide chain, closed all the way back in 2007, but Torontonians remember that neon depiction of twin spinning records so fondly we thought we'd throw this one in, to remind everyone, yes, Toronto remembers.
Christopher Woo via Flickr
Struggling department store chain Sears has been selling off some of its busiest locations to raise cash, and among the most notable Sears disappearances was the anchor location at the Eaton Centre. The mall looks a little empty at the north end these days, with the massive area once occupied by Sears now walled off.
Chris Barker via Flickr
Stollery's sold menswear to successive generations of Toronto businessmen starting in 1901, located at arguably the best retail site in the country (the corner of Bloor and Yonge), but with the announcement of the sale of the property to a developer, the store announced it's closing up. Heavy competition from online retailers and other stores along Bloor's "Mink Mile" likely played a role in its departure.