Bootlegger, Cleo owner falters amid retail sector upheaval
The company that owns clothing shops Ricki’s, Bootlegger and Cleo is preparing to close stores and eliminate jobs as part of a restructuring after the retailer won court protection from creditors Thursday.
Ontario-based Comark Inc., which was granted creditor protection under the Companies’ Creditors Arrangement Act, said all three banners would be affected but didn’t specify how many locations would close.
Hudson's Bay says sales at its 90 or so department stores are trending up. Hudson’s Bay proving the department store is alive and well
Shoppers at a Target store in Toronto queue up during the first day of clearance sales Thursday. Target Canada closing another 62 stores before Easter
Comark, which has more than 300 stores, is the latest to fall victim to a brutally competitive retail landscape that’s claimed more than half a dozen established names in the past several months — not least Target Canada.
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http://globalnews.ca/news/1905766/bootle...-bankruptcy-amid-retail-sector-upheaval/
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