SYMBOL: HIS (TSXV)
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
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