Danier Leather is closing all of its stores
Toronto-based Danier Leather is getting ready to close all of its stores. The company filed for bankruptcy protection last month, but failed to find a buyer.
Now, it's holding a massive liquidation sale at its 76 locations - its entire stock, including jackets and accessories, is now 25 to 75 percent off. Fixtures, furniture and other equipment is also available for purchase.
The company's been struggling financially over the past two fiscal years. And according to the Financial Post, this can be partially attributed to the cyclical nature of fashion trends.
As the Post reports, the rise of down-filled parkas, such as Canada Goose coats, have decreased the demand for leather jackets.
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