Its not clear where this is going to wind up, and they could still be sold, but it looks like the death of another Canadian retailer. The shares are down about 89% over the past few years, and basically they're just way over-leveraged. I thought that I would post this for a few reasons:
1) Need a new leather jacket? Probably some deals to be had there!
2) There have been a number of Canadian retailers who are now gone over the past few years. Target, Blacks, Smart Set and I know there are others that I just can't think of off the top of my head. Interesting times for retailers here; is it increased competition in general or the rise of online shopping?
http://www.theglobeandmail.com/repor...ticle28552895/