A major blow to the Canadian retail landscape with word that two well-known store brands are closing their stores while seeking creditor protection.
Comark Holdings Inc. owns the retail clothing chains Ricki’s, Cleo and Bootlegger. Comark has decided to close all Ricki’s and Cleo locations across the country including here in Newfoundland and Labrador.
The company was hit hard by the COVID pandemic and a ransomware attack in 2021 as well as online competition.
The move could affect more than 2,000 employees across the country.
