Jacob stores to close nationwide

Women's clothing retailer, Jacob, will disappear from the retail landscape in the coming weeks. The...

Women's clothing retailer, Jacob, will disappear from the retail landscape in the coming weeks. The Quebec-based chain has decided to close its stores. PASCALE LEVESQUE / QMI AGENCY

QMI Agency

, Last Updated: 11:51 PM ET

Women's clothing retailer Jacob will close its stores across the country, QMI Agency has learned.

The Quebec-based chain announced the decision to employees early Tuesday.

In an e-mail, Jacob spokeswoman Christelle Basmaji said the stores will remain open for a few weeks to liquidate inventory.

According to Jacob's website, the brand operates 100 stores and employs 1,500 workers.

Jacob went through a financial restructuring in recent years. It was placed in creditor protection in November 2010 after posting losses of $45 million in three years.

The Montreal-based company was founded in Sorel, Que., in the late 1970s by Joey Basmaji.


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