Sudbury losing its Green Earth store
![Green Earth Northgate Shopping Centre
Green Earth Photo](https://nexus.prod.postmedia.digital/wp-content/uploads/2019/03/031.jpg?quality=90&strip=all&w=288&h=216&sig=X3jk1je8AcQnNaJDz7pPpA)
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Green Earth stores — including one located in the New Sudbury Centre — are closing, the company has announced.
“After considering a number of restructuring options we have determined that this is the best course based on an array of business challenges,” Matthew McBride, of Green Earth, said in a release. “We thank all of our loyal employees for their hard work and dedication, and we thank all of our life long customers for so many years of patronage and support, and encourage all to take advantage of the incredible savings on our entire inventory.”
Going-out-of-business sales at all of Green Earth’s 29 locations are underway. Sales will offer discounts of 40 to 80 per cent on all merchandise, including all licensed collectible lines, Green Earth Candles, jewelry, fire pots and fire gel, dragon eggs, etc.
Green Earth has two other Northern Ontario stores — in North Bay and the Northgate Shopping Centre and one in Thunder Bay.
Ontario-based Green Earth has been Canadian owned and operated since 1990. Hit by several uncontrollable factors, including reduced mall traffic and growing competitive pressure from online players, Green Earth said it decided to close.
Crowe Soberman Inc. is the trustee under the Bankruptcy and Insolvency Act and FAAN Advisors Group Inc. is Green Earth’s chief restructuring adviser.
Greater East said it has more than $16 million of inventory, plus fixtures and equipment, to be liquidated.
“Our stores are really well known in the local markets where we have served our communities for years,” McBride said. “The sale provides an opportunity for our loyal customers to buy products at compelling discounts.
“A sale like this is unprecedented in Green Earth’s history. We encourage customers to take advantage while selection is best.”
sud.editorial@sunmedia.ca
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