Zellers Closing Across Canada
Zellers will soon join other now-closed Canadian chains as a relic of the retail past after its parent company said it will close most of the 64 remaining locations, affecting up to 6,400 jobs.
Hudson's Bay Co., Zellers Inc.'s parent company, has been contemplating what to do with the brand since 2011, when it sold most of the leases for its 279 discount stores to Target Corp. for $1.83 billion, spokes-woman Tiffany Bourre said.
"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.
Most of the remaining stores will be closed by March 2013, the company said.