Decathlon, the French retailer known for sporting goods, announced it will close its five stores located in the Greater Toronto Area by this summer. The affected stores are in Brampton, Burlington, Markham, Scarborough, and Vaughan. While the company has not disclosed reasons for the closures or details on job losses, it indicated a shift towards smaller store formats or a wholesale distribution model in future endeavors. This move leaves only one Decathlon store operational in Ontario, based in Ottawa, following its Canadian market entry in 2018.
Decathlon, the French sporting goods retailer, is closing its five Greater Toronto Area stores this summer, leaving only one Ontario store in Ottawa.
The company will consider opening smaller locations or possibly transitioning to a wholesale distribution model rather than maintaining large-scale retail stores.
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