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Q: Eatons department store ( Answered 4 out of 5 stars,   0 Comments )
Question  
Subject: Eatons department store
Category: Business and Money
Asked by: joepete-ga
List Price: $15.00
Posted: 03 Sep 2005 10:34 PDT
Expires: 03 Oct 2005 10:34 PDT
Question ID: 563931
What is highest number of retail outlets owned by Eatons department
store in Canada (http://en.wikipedia.org/wiki/Eaton%27s) and what year
was this in?

The answer can be as simple as two numbers.

Request for Question Clarification by bobbie7-ga on 03 Sep 2005 13:29 PDT
Hi Joepete;

Please let me know if this information would be a satisfactory answer
to your question.


90 stores in the 1990s


Excerpt:

"For more than a century, the company's innovative approach to
retailing kept Eaton's at the forefront of Canadian department stores.
In the 1950s, Eaton's laid claim to more than half of all department
store spending in Canada; in the 1990s, the company had 90 stores; and
in 1992, sales hit the  $2.1-billion mark."
http://142.206.72.67/03/03a/03a_supp/03a_supp_001_e.htm

--Bobbie7

Clarification of Question by joepete-ga on 03 Sep 2005 18:10 PDT
Hi Bobbie7,

Great!! Yes that answer is satisfactory if you can clarify the source.

Thanks
Answer  
Subject: Re: Eatons department store
Answered By: bobbie7-ga on 03 Sep 2005 18:31 PDT
Rated:4 out of 5 stars
 
Hi Joepete!

The source of the information is the Statistics Canada Website: 

End of a Canadian Institution 
http://www.statcan.ca:8081/english/clf/query.html?qt=eaton%27s&GO=Find&col=encensus&ht=0&qp=%2Burl%3Ahttp%3A%2F%2F142.206.72.67%2F&qs=&qc=0&pw=100%25&ws=0&la=en&qm=0&st=1&oq=&rq=0&si=0&rf=0

If the above link doesn't work , just enter the word Eaton's in the
search box here:
http://142.206.72.67/r000_e.htm


90 stores in the 1990s


Excerpt from End of a Canadian institution :

"For more than a century, the company's innovative approach to
retailing kept Eaton's at the forefront of Canadian department stores.
In the 1950s, Eaton's laid claim to more than half of all department
store spending in Canada; in the 1990s, the company had 90 stores; and
in 1992, sales hit the  $2.1-billion mark."

Source: Statistics Canada Website
http://142.206.72.67/03/03a/03a_supp/03a_supp_001_e.htm


----------------------------------------------------------


Additional information from the Canadian Encyclopedia:

"In February 1997 the Eaton family, who owned all shares in the
company, shocked the retail world by seeking protection under the
bankruptcy laws. At the time, the company had an estimated 24,500
employees and over 90 retail outlets across Canada, many of which were
considered integral parts of their communities. In 1998 Eaton Co went
public and launched a campaign to improve its position, reducing its
retail outlets to 64. But the company finished the year with a net
loss of $72 million, and in 1999 it announced further closures and a
corporate restructuring plan. This failed to work, and amid many
expressions of sorrow about the end of an era, the company went
bankrupt in August 1999."

Canadian Encyclopedia
http://thecanadianencyclopedia.com/index.cfm?PgNm=TCE&Params=M1ARTA0002502


Search criteria:
History of Eaton's
Eaton's timeline


Best regards,
Bobbie7
joepete-ga rated this answer:4 out of 5 stars

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