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Laura Files for Creditor Protection

August 10, 2015, 08:05 AM
Filed Under: Retail
Related: Apparel, Canada

Strategy reported Canadian women’s fashion retail chain Laura has filed for creditor protection.

According to the Strategy report, the Quebec-based Laura’s Shoppe Inc. was founded in 1930 and has over 150 stores in Canada under the Laura, Laura Petites, Laura Plus and Melanie Lyne banners.

“The company experienced large losses in 2012 and 2013, attributable to merchandising changes that did not resonate with customers,” according to a press release from Laura. “Sales have since rebounded, but additional initiatives need to be put into place to complete the restructuring of the retailer’s operations.”

To read the full Strategy report, click here.

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