From rags to riches: Canadian clothing retailers are rebounding

Article Abstract:

Canadian clothing retailers had sales of $2.4 billion in the first quarter of 1997, an increase of 4.4% over the same period in 1996. The reviving Canadian economy is spurring an improvement in consumer spending, which rose at an annualized rate of 5.2% in the first three months of 1997.

Officials and employees, Appointments, resignations and dismissals, Clothing stores, T. Eaton Company Ltd., Kosich, George

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Vultures closing in: Eaton's creditors may decide the empire's ultimate fate

Article Abstract:

Eaton's filed for bankruptcy on Feb 27, 1997. Some of the chain's creditors have sold their stake to high-risk US investors who specialize in buying up debt. Eaton's has implemented a restructuring plan that calls for reviewing the viability of 31 stores.

Cases, Debtor and creditor, Bankruptcy

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The empire strikes out

Article Abstract:

Eatons was granted bankruptcy protection in Mar 1997. The 86-store chain has had chronic problems. Its market share shrank from 50% in the 1950s and 1960s to 11.4% in the mid-1990s. Revenues had declined by $500 million since 1992.

Department Stores, Department Store Chains, Cover Story, Chain stores

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