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Danier Leather will begin selling off its remaining inventory today at its 76 stores across Canada.
The company, which sells leather clothing and accessories, entered insolvency proceedings in February after losing almost $20 million in 2015.
“Because of the compelling discounts and highly desirable assortment of merchandise, we expect this will be a short sale,” the companies conducting the shut down said in a media release. “Consumers are encouraged to shop early for the best selection.”
The press release didn’t state when Canada’s 76 remaining Danier stores will close.
But starting today all Danier Leather stores, including the one at Devonshire Mall, will have sales of 25 to 75 per cent off. All stores will also receive new shipments from the warehouse as the company tries to unload its stock.
The company’s website counts 90 Danier stores across Canada.
Around 1,293 people are expected to lose their jobs through the store closures.
Agencies/Canadajournal
