The Bargain! Shop Holdings, Inc., also known as TB!S, is a Canadian discount variety store chain operating in all Anglophone provinces in

Canada Canada is a country in North America. Its ten provinces and three territories extend from the Atlantic Ocean to the Pacific Ocean and northward into the Arctic Ocean, covering over , making it the world's second-largest country by tot ...

. The Bargain! Shop originated as a closeout store division of Woolworth Canada, developed out of some of the bankrupt

asset In financial accountancy, financial accounting, an asset is any resource owned or controlled by a business or an economic entity. It is anything (tangible or intangible) that can be used to produce positive economic value. Assets represent value ...

s 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 Woolco was an American-based discount retail chain. It was founded in 1962 in Columbus, Ohio, by the F. W. Woolworth Company. It was a full-line discount department store unlike the five-and-dime Woolworth stores which operated at the time. At its ...

stores were also converted to The Bargain! Shop. In late 1999, in a rush to try to pay the debt on time, Venator Group Inc. closed 109 stores (including all stores in the province of

Quebec Quebec ( ; )According to the Canadian government, ''Québec'' (with the acute accent) is the official name in Canadian French and ''Quebec'' (without the accent) is the province's official name in Canadian English is one of the thirtee ...

) and sold the rest of The Bargain! Shop chain to a Canadian investment company. However, the closures only reduced sales from $259 million to about $100 million. In 2008, it was announced that The Bargain! Shop had acquired 93 of the former SAAN locations. They are mostly located in

Atlantic Canada Atlantic Canada, also called the Atlantic provinces (french: provinces de l'Atlantique), is the region of Eastern Canada comprising the provinces located on the Atlantic coast, excluding Quebec. The four provinces are New Brunswick, Newfoundlan ...

and

Ontario Ontario ( ; ) is one of the thirteen provinces and territories of Canada.Ontario is located in the geographic eastern half of Canada, but it has historically and politically been considered to be part of Central Canada. Located in Central Ca ...

br>
In September 2012, The Bargain! Shop began re-branding their stores to Red Apple in most towns.

References

External links

*
Red Apple
Retail companies established in 1991 Discount stores of Canada Companies based in Mississauga F. W. Woolworth Company 1991 establishments in Canada {{retail-company-stub