Hartco
The Hart clothing retail operation was one of several diverse retail and inside-sales businesses that operated under the Hart family umbrella. Computer retail and corporate IT services fell under their Hartco brands (managed independently from Hart Stores), included Metafore, Northwest Digital, CompuSmart, MicroAge and their original Compucentre chain of stores. The Telephone Booth / Cabine Téléphonique, a chain of stores that sells wired, cordless and cellular phones, was operated by Hartco until its recent purchase by Glentel.
During the Annual shareholders meeting held on June 15, 2000, the shareholders approved a plan of arrangement to distribute its wholly owned subsidiaries of computer and IT services to the Company's common shareholders. The arrangement resulted in the formation of a separate publicly traded company operating under Hartco Inc. (TSX: HCI). The department store division operated as Hart Stores and was listed on the Toronto Stock Exchange.
As of October 2011, the Hart Stores company had run into financial difficulties, and was granted bankruptcy protection under the Companies' Creditors Arrangement Act in Canadian law. Tiger Capital Group LLC (Receiver?) is closing 32 of the company's 92 Canadian stores, according to a report by QMI Agency. (http://www.wellandtribune.ca/ArticleDisplay.aspx?e=3344615). 5 of the stores to be closed are located in Ontario. The Quebec chain Rossy will be taking over 8 stores in Newfoundland. They are supposed to be opened at the beginning of May or the end of June.
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