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Town Shoes will close its 38 stores across Canada within six months. Some 400 people are expected to be out of work although the owners of Town, DSW Inc. of Ohio, have promised to try to find other work for them. The reasons for the closure are said to be a fall-off in business. The chain is running at a loss. Town Shoes was founded in the 1950s by Toronto retailer Leonard Simpson and has changed hands several times since. Town was purchased by Designer Shoe Warehouse in 2014. from the Alberta Investment Management Corp. and minority owners.
