Zellers: Discount Stores

Parent Company Dept: TORONTO - Zellers stores may soon join now-defunct Canadian chains as a relic of the retail past after its parent company said Thursday it will close most of the 64 remaining locations, affecting up to 6,400 jobs, according to Winnipeg Free Press. After a lengthy review and numerous discussions with various parties it became apparent that continuing to operate the Zellers banner in its current form was not viable, particularly given the geographic footprint of the remaining locations, Bourre said and customers are seen coming out of a Zellers store in Lynn Valley in North Vancouver, B.C., Thursday, July, 26, 2012. Zellers stores may soon join now-defunct Canadian chains as a relic of the retail past after its parent company said Thursday it will close most of the 64 remaining locations, affecting up to 6,400 jobs. THE CANADIAN PRESS/Jonathan Hayward Hudson s Bay Co. Zellers Inc. s parent company has been contemplating what to do with the brand since last year when it sold the majority of the leases for its 279 discount stores to Target Corp. for $1.83 billion, said spokeswoman Tiffany Bourre. (www.immigrantscanada.com). As reported in the news.