Home News Henry’s, Canada’s Top Photo Retailer, to Close a Quarter of Its Stores

Henry’s, Canada’s Top Photo Retailer, to Close a Quarter of Its Stores

Henry’s, the largest photography retailer in Canada, has announced that it will shutter 7 of its 29 physical stores in a strategic restructuring designed to help it survive in a “post-pandemic world.”

Founded in 1909, Henry’s has remained a family-owned and operated business while growing into a chain of 29 stores with hundreds of employees across Canada. But like most physical retail stores in the ongoing COVID-19 pandemic, Henry’s has experienced a major blow to its sales.

Henry’s founder Harry Stein in front of the company’s first store in Toronto. Photo by Henry’s – Cranbrook Glen Enterprises Ltd.

Yesterday, the company “announced a strategic restructuring to improve efficiencies across the business and ensure future success in a post-pandemic world.”

Henry’s has filed for creditor protection with a Notice of Intention to Make a Proposal (“NOI”) under the Bankruptcy and Insolvency Act (“BIA”).

To “better [position] itself for future success,” Henry’s will be closing 7 of its locations permanently. The closing stores are the ones in Coquitlam, Langley, Victoria, Brampton, Markham, Nepean, and Sudbury.

Henry’s is aiming to reopen the remaining 22 stores once it’s able to. At the same time, Henry’s will continue to focus on selling online.

Henry’s will focus its attention on its ecommerce operation.

“The effect of COVID-19 on the economy is unprecedented,” CEO Gillian Stein says in a press release. “The Canadian retail industry has been one of the hardest hit sectors and Henry’s has felt a dramatic impact. We closed our brick-and-mortar locations to keep our customers and employees safe due to the pandemic, which resulted in a significant impact to sales while still bearing the ongoing operating costs.

“Given the current reality, we wanted to act swiftly and decisively to improve efficiencies across our business and ensure we hit the ground running when life in Canada returns to normal. By restructuring our company and making these key changes, we’re confident that Henry’s will emerge from this crisis a stronger, well positioned business and able to save Canadian jobs and support Canada’s creative community.”


Image credits: Header photo by Google Street View

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Must Read

Comparing Canon’s New RF 85mm f/1.2 Against the Old EF Version

The guys over at DPReview TV recently set out to test the new Canon RF 85mm f/1.2L lens. But instead of simply shooting some...

This Instagram Copyright Infringement Notice is a Phishing Scam

If you ever receive a direct message on Instagram informing you that copyright infringement has been detected in your photos, beware: it may actually...

The Importance of Self-Development as a Photographer

I originally wrote this post in response to a challenge about growth in a Facebook photographer help group. Members of the group were challenged...

Freaky Photo Fallacies

For this Photo Tip of the Week, I want to lighten things up a bit yet still provide information that can up your photo...

12 Tips for Abstract Landscape Photography

The grand landscapes are beautiful to view and probably the reason you got into landscape photography but the smaller details and intimate scenes can...