Another retail failure

Another retail failure

Another retail failure Parasuco Retail Inc. today announced the closure of its stores in Quebec and Ontario with immediate effect and that it is filing for bankruptcy. It is still another blow to the retail sector which has seen a number of names disappear in recent months. Around 80 staff will lose their jobs at the seven stores although the separate Parasuco Jeans Inc. based in Montreal will continue to trade. Read the full story.