Even if Danier manages to find a buyer, which looks doubtful, it will have to drastically change its business model.
Women's retail is a hard slog for Canadian companies because Canadian consumers have been conditioned to expect a US experience in pricing, choice, and customer experience. Since Canada is a smaller market, meeting those demands makes for a narrow profit margin. A bad season, a decline in the dollar, and a fickle consumer is all it takes to make a tight situation a disasterous one.
I'm suspecting even Nordstrom's careful entry into the Canadian market bears watching. I'm wondering how their Calgary store is holding up? The last time I visited, the product lines had visibly decreased as had the number of SAs.