LAVAL, Que. – Hart Stores Inc. (HIS:TSX), an operator of mid-sized department stores, says it will reopen eight former stores that once belonged to the bankrupt Saan Stores chain this fall.
The Quebec retailer said Tuesday it had completed an agreement to buy property leases and equipment related to the eight former Saan outlets in Quebec and Ontario from Saan's court-appointed receiver.
Hart had previously said it would acquire nine Saan locations.
Hart said the eight stores – seven in Quebec and one in Ontario – scheduled to open this fall, bringing the total number of stores in the Hart chain to 89.
Hart operates mid-sized department stores under the Hart, Bargain Giant and Geant des Aubaines banners in smaller markets throughout Eastern Canada.
