Groupe Dynamite Confirms Shutter of 10 Canadian Stores

Montreal-based fashion retailer Groupe Dynamite Incorporations  announced plans to shutter up to 10 Canadian stores in fiscal 2025, primarily under its Dynamite and Garage banners, as part of a strategic shift to expand its US presence and navigate global tariff challenges. The move comes alongside ambitions to open 20 new stores in the U.S. this year, aiming to grow its total footprint from 298 to 350 locations by fiscal 2028.

Store Closures and Renovations

• Canadian Impact: 10 stores, mostly in Canada, will close, while 10–15 others will be relocated or renovated.
• U.S. Growth: 17 new Garage stores and 3 Dynamite outlets opened in the U.S. in fiscal 2024, with plans for 18–20 net new stores in 2025.
• Recent Closures: In Q4 2024, the company closed 1 U.S. Dynamite store and 2 Canadian Garage locations.

Drivers of Restructuring

Tariff Pressures: U.S. tariffs on apparel imports from countries like China, Bangladesh, and…