EATON'S TO CLOSE ANOTHER 11 STORES
By Adnews Staff
The T. Eaton Co. of Toronto will close another 11 stores by Feb. 28, 1998 to bring the company back to profitability. The outlets that are closing are located in Alberta, Manitoba, Ontario, Quebec and Nova Scotia. Eaton's is also considering closing its store in Quebec City. The retailer already closed six stores at the end of June in British Columbia, Ontario and Quebec. Eaton's shocked the Canadian marketplace earlier this year when it sought protection from its creditors. It has until Aug. 15 to finalize its restructuring plan. In the end, Eaton's will operate 69 retail locations. They will be 66 traditional department stores, two warehouse stores in Toronto and Winnipeg and one home furnishing specialty store in West Vancouver.