Hart Stores to be Delisted from TSX

SYMBOL: HIS (TSX)
www.hartstores.com

LAVAL, QC, Sept. 8, 2011 /CNW Telbec/ - Hart Stores Inc. (TSX: HIS) has been advised by the Toronto Stock Exchange that its shares will be delisted from the TSX at the close of market on October 7, 2011 for failure to meet the continued listing requirements of the TSX.  The TSX decision follows Hart Stores' previously-announced filing under the Companies' Creditors Arrangement Act (Canada).  Hart Stores' shares will remain suspended from trading until the delisting occurs.  Hart Stores will consider applying to list its shares on another stock exchange in Canada.

About Hart Stores Inc.:
Hart Stores Inc. 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
Vice-President Finance and Chief Financial Officer, Hart Stores Inc., (450) 661-4155, ext. 595
rharritt@hartstores.com

Profil de l'entreprise

HART STORES INC.

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