TORONTO – Stollerys at Yonge and Bloor is closing its doors for good.
The upscale men’s wear store announced it will no longer be in business after 114 years.
“We thank our loyal customers for your patronage over the years,” said Stollerys on its website. “It has been our pleasure to serve you. Be sure to come in and see us soon.”
A report in the Globe and Mail says a developer has bought the building but there’s no timetable when the store will officially close. However, it is believed it will be sometime early next year.
The news comes as Holt Renfrew announced the opening of a standalone men’s wear store in downtown Toronto just steps away from the retailer’s flagship Bloor Street location.
An Apple Store was rumoured to be taking over the Yonge and Bloor building two years ago but management at Stollerys denied the speculation at the time.
In recent years, Stollerys has been overshadowed by rivals such as Harry Rosen with a more established online presence.