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2016Note that this list and similar lists for 2007 to 2010 relate primarily to medium or large retail businesses.We do not include takeovers unless we see this as being equivalent to business failure. As we all know these days, failure is often a temporary inconvenience; we are not suggesting that these businesses no longer survive, simply that they have experienced difficulties and the people with slide rules have moved in at some time.We have put the pre-2010 list of companies in administration into the Section on Previous Reports.2007-2016 Review Analysis of the Main Retail Failures 2008-2017 The Centre has analysed the main retail failures in the period since the recession.And the chain has shuffled through a half-dozen CEOs since the recession of 2009."That kind of churn at the management levels causes people to cease to take action," Mc Neish said.
Zellers' shareholders, unhappy with the idea of Zellers becoming a subsidiary of Fields, reversed the takeover, and purchased Fields and its hardware store division, Marshall Wells.There are 26, with 11,220 stores affected and 138,134 employees.