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SAAN Stores
SAAN Stores Ltd. was a Canadian chain of discount department stores founded in Winnipeg, Manitoba. SAAN is short for Surplus Army, Air Force, Navy. The chain's head office was in Mississauga, Ontario, and its main distribution center and Stores Support Office complex were located in Winnipeg, with an additional distribution outlet in Montreal. SAAN also operated a small chain of clearance stores called Red Apple Clearance Centres. SAAN had more than 350 stores in the late 1990s; however, by May 2005, after it emerged from bankruptcy protection, this was reduced to 142 outlets in a number of communities (mostly smaller towns and cities) across Canada.''The Globe and Mail'', "Struggling Saan seeks financing", 13 December 2007, p. B4 History SAAN was established in 1947 by founders Albert and Sam Cohen, who opened their first store on Main Street in Winnipeg, Manitoba. Surplus items from the Canadian armed forces (hence the store's name) were the company's first supply source ...
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Variety Store
A variety store (also five and dime (historic), pound shop, or dollar store) is a retail store that sells general merchandise, such as apparel, automotive parts, dry goods, toys, hardware, home furnishings, and a selection of groceries. It usually sells them at discounted prices, sometimes at one or several fixed price points, such as one dollar, or historically, five and ten cents. Variety stores do not include larger formats: general merchandise superstores (hypermarkets) such as Target and Walmart. Warehouse clubs like Costco, grocery stores, and department stores are also not considered variety stores. Economics Pricing and margins Some items are offered at a considerable discount over other retailers, whereas others are at the same price point. There are two ways variety stores make a profit: * Buying and selling vast amounts of goods at heavily discounted prices provides a small profit margin multiplied by the volume of sales. * Pricing many items at prices that are h ...
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Greenberg Stores
Metropolitan Stores of Canada Ltd. (often referred to as The Met or Metropolitan) was a Canadian variety department store chain based in Winnipeg, Manitoba. The company was incorporated in 1908 as F.H. Brewster & Company, renamed Metropolitan Stores Ltd. in 1920 and became a newly-formed Canadian corporation as Metropolitan Stores of Canada Ltd. in 1961. At its peak, Metropolitan was one of the four largest variety chain store organizations in Canada with 180 stores in all provinces and territories and also operated junior department and clothing stores under the SAAN, Greenberg and Red Apple banners. The chain's headquarters was located at 1370 Sony Place in Winnipeg, Manitoba, and its warehouse distribution centre was situated at 3075 Trans-Canada Highway in Pointe-Claire, Quebec. The chain was acquired by SAAN in 1997. History 1908–1920s: Early years The chain began in 1908 when F.H. Brewster, the founder, opened his first five-and-dime store eponymously named F.H. Bre ...
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Retail Companies Disestablished In 2008
Retail is the sale of goods and services to consumers, in contrast to wholesaling, which is sale to business or institutional customers. A retailer purchases goods in large quantities from manufacturers, directly or through a wholesaler, and then sells in smaller quantities to consumers for a profit. Retailers are the final link in the supply chain from producers to consumers. Retail markets and shops have a very ancient history, dating back to antiquity. Some of the earliest retailers were itinerant peddlers. Over the centuries, retail shops were transformed from little more than "rude booths" to the sophisticated shopping malls of the modern era. In the digital age, an increasing number of retailers are seeking to reach broader markets by selling through multiple channels, including both bricks and mortar and online retailing. Digital technologies are also affecting the way that consumers pay for goods and services. Retailing support services may also include the provision ...
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Retail Companies Established In 1947
Retail is the sale of goods and services to consumers, in contrast to wholesaling, which is sale to business or institutional customers. A retailer purchases goods in large quantities from manufacturers, directly or through a wholesaler, and then sells in smaller quantities to consumers for a profit. Retailers are the final link in the supply chain from producers to consumers. Retail markets and shops have a very ancient history, dating back to antiquity. Some of the earliest retailers were itinerant peddlers. Over the centuries, retail shops were transformed from little more than "rude booths" to the sophisticated shopping malls of the modern era. In the digital age, an increasing number of retailers are seeking to reach broader markets by selling through multiple channels, including both bricks and mortar and online retailing. Digital technologies are also affecting the way that consumers pay for goods and services. Retailing support services may also include the provision of ...
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Defunct Retail Companies Of Canada
Defunct (no longer in use or active) may refer to: * ''Defunct'' (video game), 2014 * Zombie process or defunct process, in Unix-like operating systems See also * * :Former entities * End-of-life product * Obsolescence Obsolescence is the state of being which occurs when an object, service, or practice is no longer maintained or required even though it may still be in good working order. It usually happens when something that is more efficient or less risky r ...
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Clothing Retailers Of Canada
Clothing (also known as clothes, apparel, and attire) are items worn on the body. Typically, clothing is made of fabrics or textiles, but over time it has included garments made from animal skin and other thin sheets of materials and natural products found in the environment, put together. The wearing of clothing is mostly restricted to human beings and is a feature of all human societies. The amount and type of clothing worn depends on gender, body type, social factors, and geographic considerations. Garments cover the body, footwear covers the feet, gloves cover the hands, while hats and headgear cover the head. Eyewear and jewelry are not generally considered items of clothing, but play an important role in fashion and clothing as costume. Clothing serves many purposes: it can serve as protection from the elements, rough surfaces, sharp stones, rash-causing plants, insect bites, by providing a barrier between the skin and the environment. Clothing can insulate against cold ...
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Department Stores Of Canada
Department may refer to: * Departmentalization, division of a larger organization into parts with specific responsibility Government and military *Department (administrative division), a geographical and administrative division within a country, for example: **Departments of Colombia, a grouping of municipalities **Departments of France, administrative divisions three levels below the national government ** Departments of Honduras **Departments of Peru, name given to the subdivisions of Peru until 2002 **Departments of Uruguay *Department (United States Army), corps areas of the U.S. Army prior to World War I * Fire department, a public or private organization that provides emergency firefighting and rescue services *Ministry (government department), a specialized division of a government * Police department, a body empowered by the state to enforce the law * Department (naval) administrative/functional sub-unit of a ship's company. Other uses * ''Department'' (film), a 2012 Boll ...
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List Of Department Stores
This is a list of department stores. In the case of department store groups the location of the flagship store is given. This list does not include large specialist stores, which sometimes resemble department stores. Note: "trading" is British English for "in operation". Africa Botswana * Choppies * Game * Woolworths * Sefalana * Spar * Pep * Pick n Pay Stores Ghana * Melcom * Shoprite * Woolworths - stores closed in 2019 Kenya * Tuskys * Naivas * Uchumi Supermarkets * Carrefour * Game Nigeria * Game * Shoprite * Spar South Africa * Ackermans * Cash & Carry * Checkers * Edgars * Makro * Pep * Pick n Pay Stores * Shoprite * Spar * Truworths * Woolworths * Game Tanzania * Game * Shoprite * Uchumi * Woolworths Tunisia * Carrefour * Géant Zimbabwe * Edgars North America Canada Currently trading: * Canadian Tire – auto repair garage, hardware, home renovations, sports, garden centre, electronics, auto parts, furniture, food, housewares, ...
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The Bargain! Shop
The Bargain! Shop Holdings, Inc., also known as TB!S, is a Canadian discount variety store chain operating in all English language, Anglophone Provinces and territories of Canada, provinces in Canada. The Bargain! Shop originated as a closeout store division of F.W. Woolworth Company, Woolworth Canada, developed out of some of the bankrupt assets of Bargain Harold's in 1991. The chain averaged and grew into 90 stores within just a year of its establishment. In late 1993, in order to try to make the Woolworth variety stores profitable in Canada, 101 of 123 Woolworth stores were converted to The Bargain! Shop, therefore bringing the total number of stores to 194. Some of the larger Woolco stores were also converted to The Bargain! Shop. In late 1999, in a rush to try to pay the debt on time, F.W. Woolworth Company, Venator Group Inc. closed 109 stores (including all stores in the province of Quebec) and sold the rest of The Bargain! Shop chain to a Canadian investment company. Ho ...
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Liquidation
Liquidation is the process in accounting by which a company is brought to an end in Canada, United Kingdom, United States, Ireland, Australia, New Zealand, Italy, and many other countries. The assets and property of the company are redistributed. Liquidation is also sometimes referred to as winding-up or dissolution, although dissolution technically refers to the last stage of liquidation. The process of liquidation also arises when customs, an authority or agency in a country responsible for collecting and safeguarding customs duties, determines the final computation or ascertainment of the duties or drawback accruing on an entry. Liquidation may either be compulsory (sometimes referred to as a ''creditors' liquidation'' or ''receivership'' following bankruptcy, which may result in the court creating a "liquidation trust") or voluntary (sometimes referred to as a ''shareholders' liquidation'', although some voluntary liquidations are controlled by the creditors). The ter ...
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Going Out Of Business
__NOTOC__ Business failure refers to a company ceasing operations following its inability to make a profit or to bring in enough revenue to cover its expenses. A profitable business can fail if it does not generate adequate cash flow to meet expenses. Reasons Businesses can fail as a result of wars, recessions, high taxation, high interest rates, excessive regulations, poor management decisions, insufficient marketing, inability to compete with other similar businesses, or a lack of interest from the public in the business's offerings. Some businesses may choose to shut down prior to an expected failure. Others may continue to operate until they are forced out by a court order. The Small Business Administration, in an article on small business failure, lists additional reasons for failure from Michael Ames' book on "Small Business Management": * lack of experience *Un-trusted sales representative * insufficient capital * poor inventory management * over-investment in fi ...
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Hard Goods
In economics, a durable good or a hard good or consumer durable is a good that does not quickly wear out or, more specifically, one that yields utility over time rather than being completely consumed in one use. Items like bricks could be considered perfectly durable goods because they should theoretically never wear out. Highly durable goods such as refrigerators or cars usually continue to be useful for several years of use, so durable goods are typically characterized by long periods between successive purchases. Durable goods are known to form an imperative part of economic production. This can be exemplified from the fact that personal expenditures on durables exceeded the total value of $800 billion in 2000. In the year 2000 itself, durable goods production composed of approximately 60 percent of aggregate production within the manufacturing sector in the United States. Examples of consumer durable goods include bicycles, books, household goods (home appliances, consum ...
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