Bar­gain Gi­ant stores to close

The Compass - - FRONT PAGE - BY NI­CHOLAS MERCER

The im­pend­ing clo­sure of two Bar­gain Gi­ant stores in Con­cep­tion Bay North will likely mean the loss of more than two dozen jobs.

The stores are lo­cated in the Trin­inty-Con­cep­tion Square in Car­bon­ear and at the Bay Roberts Mall.

In an Oct. 19 press re­lease, Hart Stores Inc. an­nounced 32 Hart, Bar­gain Gi­ant and Géant des Aubaines stores are sub­ject to liq­ui­da­tion.

This in­cludes 11 stores in New­found­land and Labrador.

An of­fi­cial with Hart Stores Inc., Rick Leck­ner, told Transcontinental Me­dia that the com­pany is un­der the scrutiny of the courts.

“Be­cause we are un­der cred­i­tor pro­tec­tion, any de­ci­sion that is made has to be sanc­tioned by the courts,” he said.

Wally Snow, prop­erty man­ager of the T.C. Square and former Bar­gain Gi­ant em­ployee, con­firmed the im­pend­ing clo­sure, but did not con­firm a date.

“ The store will be liq­ui­dat­ing un­til Jan. 31,” he said.

The de­ci­sion leaves a fairly big va­cancy in the mall, but Snow is con­fi­dent it can be filled.

“New prospects will come in,” he said. “Some kind of chain store will step in to fill it.”

The space was pre­vi­ously oc­cu­pied by The Bay.

Bar­gain Gi­ant has been a vi­tal cog in the Bay Roberts Mall for the last 16 years.

“It is our big­gest ten­ant,” said act­ing man­ager Dean Churchill.

Churchill said the loss of the mid­sized depart­ment store is “a big loss for the mall and the town.”

It is ex­pected 15 em­ploy­ees at the Bay Roberts lo­ca­tion could lose their jobs.

The com­pany has been in fi­nan­cial hot water for some time.

Per the com­pany web­site, on Sept. 8, Hart Stores Ltd. was ad­vised by the Toronto Stock Ex­change it would be delisted from the TSX when the mar­ket closed Oct. 7 for fail­ure to meet list­ing re­quire­ments.

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