Hart Stores suspends dividend



    SYMBOL: HIS (TSX)
    www.hartstores.com

    LAVAL, QC, June 12 /CNW Telbec/ - Hart Stores Inc., an operator of
mid-sized department stores (HIS:TSX), announced today that the regular
dividend has been suspended.
    Mr Harry Hart, executive chairman of Hart Stores announced, "The Board of
directors has elected to suspend the regular dividend distribution this year,
reserving the decision to issue a dividend in the future. The decision came in
light of the recent acquisition and the current economic conditions, that it
would be best to use the cash flow from its operations to fund its growth
plan."

    About Hart Stores Inc.:

    Hart Stores Inc. operates a network of 90 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, electronics, appliances, giftware, toys, and seasonal goods.
    %SEDAR: 00004123EF




For further information:

For further information: Mr. Jacques Plante, CA, Vice-President Finance
and Chief Financial Officer, Hart Stores Inc., (450) 661-4155,
jplante@hartstores.com

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Hart Stores Inc.

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