MISSISSAUGA, ON, Oct. 30 /CNW/ - Canadian owned retail chain "The
Bargain! Shop" is opening 65 stores across Canada between now and Christmas,
bringing the total number of extreme-value stores operated by the former
Woolworth's division to just over 250 locations. "In spite of the difficult
economy, or perhaps because of it, this is the best of times for extreme-value
retailers like TB!S," according to Michael Roellinghoff, President and CEO. He
added "A tougher economy means consumers are more focused on quality and price
than ever, and those two elements of the value equation are at the very core
of what we're all about."
The Bargain! Shop recently completed the acquisition of a number of
former SAAN leases, as well as buying their intellectual property, including
the SAAN name, but they will operate all of the stores under the "The Bargain!
The company estimates that these openings, directly and indirectly, will
produce well over 1,000 new jobs.
TB!S specializes in carrying brand-name everyday items 365 days a year,
supplemented with seasonal and so-called "opportunity buys", which are
manufacturer's over-runs and close-outs and the like. All at savings of up to
70 percent off regular department and specialty store prices, everyday. "We're
not big on the old high-low price game", according to Jim Caldwell, COO of
TB!S, preferring instead "to offer guaranteed low prices every day of the
The chain also prefers smaller stores -- the average is roughly
11,000 square feet, about 1/8 the size of a typical power centre discount
store -- which keeps their occupancy costs lower. And locating these stores in
neighbourhoods where people live and work means "We're a great alternative for
people who want to do their bit to help the environment and save on their fuel
costs at the same time," according to Roellinghoff.
A typical The Bargain! Shop store carries a selection of products for the
home (including electronics, housewares and home textiles), as well as mens,
ladies and kids apparel. TB!S also offers footwear, food, cleaning products,
as well as a large selection of toys, seasonal and health and beauty products.
The company operates stores from Vancouver Island to Newfoundland and
Labrador, and is a Canadian owned and operated company based in Mississauga,
For further information:
For further information: Michelle Richmond, Marketing Manager, (905)
293-9700 ext. 7791; Michael Roellinghoff, President and CEO, (905) 293-9700