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TABI closing all 76 locations
04
Apr '11
After 30 years as a leading Canadian retailer, TABI is closing all 76 stores. The store closing sales began on Friday, April 1, 2011 and will continue until all merchandise has been sold.

TABI has filed a Notice of Intention to Make a Proposal pursuant to the Bankruptcy and Insolvency Act and Farber Financial Group was appointed as Proposal Trustee and Receiver to assist the Company in this process.

Consumers will find terrific savings starting at 20% to 40% off original prices on all apparel including all women's classic shirts, sweaters and cardigans, TABI's Wilson pant, skirts, denim, activewear and accessories. In addition, store fixtures such as apparel racks, shelving, cabinets and more are also for sale.

"As a way of expressing our appreciation for their years of patronage, we hope that our customers take advantage of our timeless garments at incredible prices," said the company spokesperson of TABI. "We thank our customers and hope that the savings found at all stores serve as a thank you to them for their great loyalty over the years."

A joint venture consisting of Hilco Merchant Resources and Gordon Brothers Group are running the store closing sales on TABI's behalf.

"Within TABI's signature blue doors, customers will find new spring arrivals of quality merchandise such as Canada's Favourite Cotton Sweater and the Wilson pant," Jeff Paronto, Chief Operating Officer of Hilco Merchant Resources and Lee Cote, Principal of Gordon Brothers Group jointly stated. "Merchandise will sell out quickly so we encourage customers to shop early when the broadest selection of merchandise is available."

TABI


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