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During the annual shareholders meeting held on June 15, 2000, the shareholders approved a plan of arrangement to distribute its wholly owned subsidiaries of computer and IT services to the company's common shareholders. The arrangement resulted in the formation of a separate publicly traded company
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The average store is approximately 2,000–5,000 m (22,000–54,000 sq ft). The company positions itself within the market as a niche marketer. The target customer is low-to-average income consumers. Hart's pricing strategy is to implement everyday low prices and a high/low strategy. The
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In August 2011, Hart Stores company had run into financial difficulties, and was granted bankruptcy protection under the
Companies' Creditors Arrangement Act in Canadian law. The court appointed receiver was RSM Richter Inc., also in August 2011. the Company announced the return of Robert Farah as
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The Hart clothing retail operation was one of several diverse retail and inside-sales businesses that operated under the Hart family umbrella. Computer retail and corporate IT services fell under their Hartco brands (managed independently from Hart Stores), included
Metafore, Northwest Digital,
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In
October 2011, Hart Stores announced the liquidation of 32 stores of the company's 92 Canadian stores and appointed Tiger Capital Group LLC as the liquidator to conduct the liquidation sales at the 32 closing stores.
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and their original
Compucentre chain of stores. The Telephone Booth/Cabine Téléphonique, a chain of stores that sells wired, cordless and cellular phones, was operated by Hartco until its purchase by
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Hart filed its bankruptcy through the Quebec
Superior Court (Commercial Division) in the District of Montreal. The court-appointed monitor of this case was granted to Richter Advisory Group Inc.
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The company operates 128 stores across Canada, branded as "Hart", primarily in smaller and suburban markets. Before running into financial difficulties in 2011, the chain had 92 stores under the
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337:"Hart Stores appoints Tiger Capital to liquidate inventory of select stores as Part of its Restructuring Plan"
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204:). The department store division operated as Hart Stores and was listed on the Toronto Stock Exchange.
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In 2015, Hart Stores were bought by Mr. Paul Nassar who became the new
President of the Company.
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312:"Hart Stores Inc. Announces Appointment of Robert Farah as Chief Operating Officer"
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Eight of the former
Newfoundland Bargain Giant locations were converted in 2012 to
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In fiscal 2006 the company reported net profits of $ 7.0 million.
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company does not emphasize a private label within their stores.
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Companies formerly listed on the TSX Venture
Exchange
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Innovation, Science, and
Economic Development Canada
357:. Government of Canada Publications. 31 August 2011
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128:is a mid-sized value-driven department store in
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136:. Hart Stores is based in the provinces of
132:. It was founded in 1960 by Harry Hart, in
19:For the defunct American retail chain, see
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377:"Mr. Paul Nassar acquires Hart Stores"
278:. International Housewares Association
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914:Retail companies established in 1960
148:. The head office used to be in the
298:"Hart Stores Announces CCAA Filing"
267:Crofford, Vaughn; Hizaka, Maureen.
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248:List of Canadian department stores
167:banners, extending as far east as
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909:Companies based in Laval, Quebec
751:Red Apple and The Bargain! Shop
16:Canadian department store chain
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152:borough of Anjou but moved to
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919:1960 establishments in Canada
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196:operating under Hartco Inc. (
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904:Department stores of Canada
761:Your Dollar Store with More
741:Great Canadian Dollar Store
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894:Discount stores of Canada
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687:Yorkshire Trading Company
637:The Original Factory Shop
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464:(East and Southeast Asia)
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216:Chief Operating Officer.
211:Bankruptcy reorganisation
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524:(Ireland, Poland, Spain)
540:Flying Tiger Copenhagen
841:Ollie's Bargain Outlet
458:(Japan and East Asia)
269:"Key Retailer Report"
109:Furniture, Toys, Food
800:99 Cents Only Stores
672:Savers (UK retailer)
647:The Works (retailer)
642:The Range (retailer)
468:Living Plaza by Aeon
846:Ocean State Job Lot
782:Waldo's Dollar Mart
474:Watashi to Seikatsu
234:Private acquisition
84:Number of locations
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721:Dollar Tree Canada
276:www.housewares.org
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406:Official website
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314:. Archived from
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134:Rosemère, Quebec
126:Hart Stores Inc.
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400:External links
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351:"CCAA Records"
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831:Family Dollar
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716:A Buck or Two
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627:Home Bargains
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318:on 2018-02-23
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165:Bargain Giant
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154:Laval, Quebec
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142:New Brunswick
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70:Laval, Quebec
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667:Quality Save
622:Card Factory
612:Bargain Buys
456:100-yen shop
385:. Retrieved
380:
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359:. Retrieved
354:
345:
331:
320:. Retrieved
316:the original
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280:. Retrieved
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184:CompuSmart,
182:
173:
169:Newfoundland
164:
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125:
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98:Paul Nassar
65:Headquarters
32:Company type
21:Harts Stores
874:(Australia)
868:(Australia)
826:Dollar Tree
746:Hart Stores
736:Giant Tiger
476:(Hong Kong)
470:(Hong Kong)
387:10 February
100:(President)
888:Categories
836:Five Below
805:ABC Stores
322:2019-10-03
254:References
94:Key people
60:Harry Hart
726:Dollarama
662:QD stores
652:Poundland
632:OneBeyond
584:(Finland)
578:(Germany)
566:(Denmark)
548:(Denmark)
542:(Denmark)
536:(Ireland)
534:EuroGiant
810:Big Lots
777:Casa Ley
582:Tokmanni
576:Karstadt
560:(France)
558:Monoprix
509:Mainland
383:. CISION
242:See also
230:stores.
186:MicroAge
150:Montreal
106:Services
859:Oceania
702:America
682:WHSmith
607:B&M
600:Kingdom
572:(Italy)
530:(Spain)
482:(Japan)
361:5 April
282:5 April
200::
190:Glentel
146:Ontario
114:Website
57:Founder
47: (
42:Founded
36:Private
793:States
791:United
770:Mexico
731:Fields
709:Canada
598:United
588:Zeeman
564:Normal
516:Action
502:Europe
179:Hartco
144:, and
138:Quebec
76:Canada
866:Daiso
815:Daiso
756:Rossy
700:North
677:Wilko
617:Boyes
546:føtex
522:Dealz
486:Hands
462:Daiso
272:(PDF)
228:Rossy
570:UPIM
552:HEMA
480:Loft
449:Asia
389:2015
363:2016
284:2016
163:and
161:Hart
49:1960
45:1960
381:CNW
202:HCI
198:TSX
88:128
890::
379:.
353:.
274:.
192:.
171:.
140:,
73:,
434:e
427:t
420:v
391:.
365:.
339:.
325:.
300:.
286:.
51:)
23:.
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