According to a published report Thursday, another Sault Ste. Marie store will be closing its doors due to ” under performance”
Ricky’s, Bootlegger and Cleo stores once owned by Comark Inc. filed for bankruptcy in March of 2015 was able to find a buyer for it’s 300 stores across Canada. Pacific West Commercial Corporation an affiliate of Stern Partners Inc., based in Vancouver acquired the chain of stores for an undisclosed amount.
The stores employ about 3,000 country-wide and have been operating while under bankruptcy protection, however ten underperforming stores have been identified for closure. The Sault Ste. Marie stores located in the Station Mall are among them.
UPDATE: Shortly after Saultonline.com published this story, we got word from Maureen Webb at the Station Mall. “We have not been told of any closures” Webb said, “it’s news to us – we have no stores closing”
Webb added further that the stores are under review and that there is a potential threat of closure, however no official decision has been made.