Hart Stores
Hart Stores Inc. (TSX-V: HIS) is a junior mid-sized discount department store dominant in the region of Eastern Canada. It was founded in 1960 by Harry Hart, in Rosemère, Quebec. Hart stores are based in the provinces of Quebec, New Brunswick, Nova Scotia, Newfoundland and Labrador and Ontario. The head office was originally based in the Montreal borough of Anjou but moved to Laval, a northern suburb of Montreal, in early 2006.
The company currently operates 90 stores across Canada, branded as Hart, Bargain Giant or Géant des aubaines, primarily in smaller and suburban markets.
From a historical level of losses, before the plan of arrangement, the company began to report sustained and consistent profits under new leadership. In fiscal 2006 the company reported net profits of $7.0 million.
On October 23, 2007, the company was charged and fined by the Ontario Ministry of Labour for violating safety regulations after a worker's head was crushed.
Read more about Hart Stores: Hartco
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