Crisca Closes Canadian Stores



September 16, 2014

Last week, upscale German women's designer brand Crisca closed all seven of its remaining Canadian stores. Founded by luxury parent company Escada, Crisca's Montreal-based franchise holder controlled the brand's North American operations. 

According to its Canadian brokerage, Oberfeld Snowcap, Crisca carried moderate to higher-priced fashion-forward casual, career and weekend wear for women, as well as related accessories. Store sizes were ideally in the 1,200 square foot range and according to its Canadian franchise holders, each location cost roughly $200,000 to build. In 2009, the Montreal franchise holder had aggressive plans for between 25 to 30 Canadian locations. Sales targets for some of its Canadian locations were reportedly in excess of $1 million annually.  

Crisca's recently closed Canadian locations include the following: 

  • Calgary: Chinook Centre
  • Calgary: Market Mall
  • Montreal: Centre Rockland
  • Quebec City: Place Ste-Foy
  • Toronto: The Shops at Don Mills
  • Toronto: Bayview Village
  • Vancouver: Oakridge Shopping Centre

A number of other Crisca locations closed prior to last week. Representatives wouldn't speak on the record to provide further details, other than to confirm the end of its Canadian store operations. The company's website links to the German website for fashion brand BiBA

Today's Retail News From Around The Web: September 16, 2014