Massive store-closing sales will be commencing at Ricki’s, cleo, and Bootlegger clothing stores across Ontario, with initial discounts on all merchandise running from 25 to 40 per cent off.
The inventory sell-off sales come after the brands’ parent company, Comark Holdings, Inc., filed for creditor protection on Jan. 7.
“After careful consideration of all reasonably available options, the company has determined that it is in the best interests of its stakeholders to wind down its Ricki’s and Cleo operations and to close all Ricki’s and Cleo retail store locations,” reads a statement from the company.
Bootlegger will also undergo a restructuring that includes “reducing its retail footprint.” The parent company previously filed for credit protection in 2015 and 2020 during the pandemic.
Cleo and Ricki’s clothing stores to shutter locations across Canadahttps://t.co/by0pQapwTp
— blogTO (@blogTO) January 9, 2025
The company’s 221 stores, some of which are co-branded, are located across Canada, including in Ontario, B.C., Alberta, Manitoba, New Brunswick, Nova Scotia, and Newfoundland and Labrador.
In total, there are 52 Ricki’s, cleo, and Bootlegger locations in Ontario.
The parent company says goods are still regularly arriving at stores and that shoppers will see new merchandise pop up daily. Points, gift cards, returns, and exchanges stopped being accepted at all three brands starting Friday, Jan. 17.
