DavidsTea’s restructuring plan will include the closure of 82 stores in Canada and all 42 in the United States within 30 days.. It appears the vast majority of DavidsTea locations simply won't reopen after closing due to COVID-19 restrictions. The lease terminations will take effect in 30 days. The Montreal-based company announced Thursday that it is sending notices to terminate the leases at the 124 stores to take effect in 30 days. DavidsTea Canada closing could happen soon and that would mean a switch to online retail instead. “With all stores closed since mid-March, many of our loyal tea-loving customers have already shifted to buying our products online, and in supermarkets and pharmacies across Canada,” said Herschel Segal, Founder, Chairman and Interim CEO of David’s Tea in a press release . The company said June 15 it hadn’t paid rent for any of its stores for three months. 0. "The plan was always to significantly reduce our retail footprint and the strong performance of our e-commerce and wholesales channels in recent months has provided further validation of that strategy," chief operating officer Frank Zitella said. The company said it had already terminated 82 leases across the country. Checkout. Troubled Montreal-based tea retailer DAVIDsTEA will keep 166 Canadian and 42 American stores permanently closed, as it moves ahead to only reopen 18 stores across Canada at a date yet to be announced. DavidsTea's shift to selling primarily online will see the chain reopen 18 stores across Canada, a significant drop from the 186 it had before it closed all of its locations when COVID-19 hit. Insolvent beverage retailer DavidsTea is closing 82 stores in Canada and all 42 of its stores in the U.S. as it focuses on its e-commerce business and supplying grocery stores and pharmacies. The Montreal-based company announced Thursday that it is sending notices to terminate the leases at the 124 stores to take effect in 30 days. In 2017, Mrs. Segal was appointed VP, Product Development & Innovation at DAVIDsTEA. Chris Young/THE CANADIAN PRESS David's Tea co-founder David Segal is pictured at an outlet in Toronto on Feb. 9, 2016. The stores will open by the end of next month. Shop Home's DavidsTea Size OS Coffee & Tea Accessories at a discounted price at Poshmark. DavidsTea is closing dozens of its stores across Canada, and all of its American stores. While DavidsTea Canada is closing 82 stores across the country, 18 locations will be back in business soon. Sign up for our newsletter to get exclusive content, contests, and perks direct to you. Herschel Segal, founder and Interim CEO of DavidsTea, says that the closures are meant to create a “stronger business model for the future” and to ensure the “long-term success and sustainability of the business.”. CANADA: DavidsTea closing 82 stores across the country: DavidsTea is also closing all 42 of its stores in the U.S. Insolvent beverage retailer DavidsTea is closing 82 stores in Canada and all 42 of its stores in the U.S. as it focuses on its e-commerce business and supplying grocery stores and pharmacies. Insolvent beverage retailer DavidsTea is closing 82 stores in Canada and all 42 of its stores in the U.S. as it focuses on its e-commerce business and supplying grocery stores and pharmacies. They probably sell 60 varieties, which is not an unusual number. – in CF Pacific Centre in Vancouver. Many of you got to know us by walking into one of our tea shops and speaking to our talented & inspiring Tea Guides. DavidsTea joins retailers such as shoe seller Aldo Group, clothing chain Reitmans Canada Ltd. and sporting-goods company Sail Outdoors Inc. in seeking protection this year as a result of the crisis. 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