Hart Stores announces the appointment of Robert Farah as President and COO and commencement of trading on the TSX Venture Exchange

SYMBOL: HIS (TSXV)
www.hartstores.com

LAVAL, QC, Nov. 25, 2011 /CNW Telbec/ - Hart Stores Inc. (TSXV: HIS) is pleased to announce the appointment of Mr. Robert Farah as President and Chief Operating Officer of the Company, effective November 25, 2011. Mr. Farah recently rejoined the Company as Chief Operating Officer and was previously the Chief Financial Officer, until March 2007.

In commenting on the appointment Mr. Harry Hart, Executive Chairman of Hart Stores said, "Mr. Farah has a successful retail track record and a strong understanding of our business and since his return has made many positive changes in our restructuring process".

"I am pleased to take on this responsibility" said Robert Farah "and along with the management team accept this challenge to lead the Company to new and exciting levels of performance".

The Company is also pleased to announce that its common shares have been listed and are now trading on the TSX Venture Exchange.

About Hart Stores Inc.:
Hart Stores Inc. trades on the TSX Venture Exchange and operates a network of 92 mid-sized department stores under the Hart, Bargain Giant and Géant des Aubaines banners. The stores are located in secondary and tertiary markets throughout Eastern Canada where the Company has established a dominant position in many of the communities that it serves. The stores offer an extensive and differentiated selection of national and exclusive fashion apparel brands as well as family footwear, home furnishings, giftware, toys and seasonal goods.

Forward-Looking Statements and Disclaimer
Certain statements included in this press release may constitute "forward-looking statements" within the meaning of the Canadian securities legislation. Forward-looking statements are based on the best estimates available to Hart Stores at the time and involve known and unknown risks, uncertainties and other factors that may cause Hart Stores´ actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. A description of the risks affecting Hart Stores´ business and activities appears under the heading "Risks & Uncertainties" in Management´s Discussion and Analysis on pages 18 to 20 of Hart Stores´ 2011 Annual Report, which is available on SEDAR at www.sedar.com. No assurance can be given that any events anticipated by the forward-looking information in this press release will transpire or occur, or if any of them do so, what benefits that Hart Stores will derive therefrom. In particular, no assurance can be given as to the future financial performance of Hart Stores. Undue reliance should not be placed on these forward-looking statements, which are made only as of the date of this press release. Hart Stores disclaims any intention or obligation to update or revise any forward-looking statements in order to account for any new information or any other event.

SOURCE HART STORES INC.

For further information:

Mr. Robert Harritt, Chief Financial Officer
Hart Stores Inc. (450) 661-4155, ext. 595
rharritt@hartstores.comwww.hartstores.com

Profil de l'entreprise

HART STORES INC.

Renseignements sur cet organisme


FORFAITS PERSONNALISÉS

Jetez un coup d’œil sur nos forfaits personnalisés ou créez le vôtre selon vos besoins de communication particuliers.

Commencez dès aujourd'hui .

ADHÉSION À CNW

Remplissez un formulaire d'adhésion à CNW ou communiquez avec nous au 1-877-269-7890.

RENSEIGNEZ-VOUS SUR LES SERVICES DE CNW

Demandez plus d'informations sur les produits et services de CNW ou communiquez avec nous au 1‑877-269-7890.