MONTREAL – Exterior retailer Sail reduced its footprint by a third with the closure of four stores in Quebec and two in Ontario that will affect approximately 500 workers.
The move comes two days after the Quebec-based company said it had filed for creditor protection under the Bankruptcy and Insolvency Act due to pressure to have its stores closed for several weeks due measures to limit the spread of COVID-19.
The restructuring will see the end of the Sportium brand by closing branches in Quebec, St-Hubert, Laval and Kirkland following a liquidation sale which will begin in a few days.
Ontario stores in Vaughan and Etobicoke, near Toronto, will also close.
The company, founded over 40 years ago, will focus on 12 others Sail locations, including eight in Quebec and four in Ontario, as well as its e-commerce activities.
Sail has 1,800 employees, some of whom may be transferred to other stores or to its distribution center.
This report from The Canadian Press was first published on June 4, 2020.