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Encyclopedia > Dylex

Dylex Limited was one of Canada's largest retailers, involved in the operation of specialty retail stores, such as women's wear, meanswear, and family stores. In its final years the company had five business divisions: BiWay (dicount basic apparel and general merchandise), Thriftys (denim and other jeanswear and accessories), Tip Top Tailors (mid-priced men's suits and sportwear), and its women's wear group, made up of Fairweather (women's carerr and casual clothing) and Braemar (women's tailored clothing and accessories). The company operated 638 stores across Canada. In commerce, a retailer buys goods or products in large quantities from manufacturers or importers, either directly or through a wholesaler, and then sells individual items or small quantities to the general public or end user customers, usually in a shop, also called store. ... In marketing, a product is anything that can be offered to a market that might satisfy a want or need. ... Part of a pair of denim blue jeans Denim closeup Denim, in American usage since the late 18th century, denotes a rugged cotton twill textile, in which the weft passes under two (twi- double) or more warp fibers, producing the familiar diagonal ribbing identifiable on the reverse of the fabric...


In 1999 Dylex created a new chain offering off-price brand name clothing and accessories named Labels, in an attempt to have a chain competiting with the current leader of that category, Winners. This new venture was not successful and by the end of 2000 the chain was closed. 1999 is a common year starting on Friday of the Common Era, and was designated the International Year of Older Persons by the United Nations. ... Winners is a Canadian family apparel, giftware, fine jewelry, home fashions, accessories and family footwear retailer with 168 stores across the country, As of 2004. ...


BiWay Stores accounted for 54% of fiscal 2000 revenues; Thriftys, 14%; Fairweather, 12%; Tip Top Tailors, 12%; Braemar, 7%; and Labels, 1%.


In 2000, the company sold its Thriftys, Braemar & National Logistics divisions to American Eagle Outfitters. American Eagle Outfitters is an American clothing retailer founded in 1977. ...


The remainder of the group was purchased in 2001. The BiWay stores chain was acquired by Hardof Wolf Group, a shell company for American based McCrory Stores, a dollar store chain, while the Fairweather chain was purchased by a private Canadian investment consortium. McCrory had announced its intentions to convert all of the BiWay stores into a dollar store chain to be named Dollar Zone, named after their cahin of dollar stores in the United States. These plans did not go through however, and in August 2001 all BiWay stores were shuttered for good. 2001: A Space Odyssey 2001 2001 is a common year starting on Monday of the Gregorian calendar. ... The United States of America — also referred to as the United States, the U.S.A., the U.S., America, the States, or (archaically) Columbia—is a federal republic of 50 states located primarily in central North America (with the exception of two states: Alaska and Hawaii). ... A $.99 cent store A dollar store is a store that sells inexpensive items for one dollar each. ...


  Results from FactBites:
 
Koskie Minsky - Barristers and Solicitors (1717 words)
On September 28, 2001, Dylex was placed into formal bankruptcy by the Ontario Superior Court of Justice and Richter (formerly the Interim Receiver of Dylex) was appointed the Trustee in Bankruptcy of Dylex.
Dylex had a termination/severance policy which we have taken into account in your claim and have filed the higher amount of either the provincial employment standards or Dylex policy; Richter has accepted the higher amount as your claim.
Fortunately, Dylex insured its group benefit plan for employees (as opposed to providing a self-funded plan), and Maritime Life is required to continue to pay disabled employees LTD benefits due to the provisions of the Insurance Act (Ontario) even though Dylex is bankrupt and no longer a functioning company.
La Senza Corporation (89 words)
La Senza Corporation became a publicly-traded company in 1993 when it completed an initial public offering of 1,560,001 of its Subordinate Voting Shares and Dylex Limited sold its 5,009,999 Subordinate Voting Shares (representing its 50.1% equity interest in the Corporation).
At that time, the Corporation was called Suzy Shier Limited, and its shares were traded on the Montreal and Toronto Stock Exchanges under the symbol SZS.
The stock symbol of La Senza Corporation is LSZ.
  More results at FactBites »


 

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