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Statements

Subject Item
dbr:Wise_Stores
rdf:type
yago:Institution108053576 yago:SocialGroup107950920 owl:Thing yago:Organization108008335 yago:WikicatPrivatelyHeldCompaniesOfCanada yago:WikicatCompaniesEstablishedIn1930 dbo:Company yago:WikicatCompaniesDisestablishedIn1995 yago:YagoLegalActor yago:YagoLegalActorGeo yago:YagoPermanentlyLocatedEntity dbo:Agent n17:Agent n17:SocialPerson wikidata:Q43229 wikidata:Q4830453 yago:WikicatDefunctRetailCompaniesOfCanada schema:Organization yago:WikicatCompaniesBasedInMontreal dbo:Organisation wikidata:Q24229398 yago:Group100031264 yago:Abstraction100002137 yago:Company108058098
rdfs:label
Wise Stores
rdfs:comment
Wise Stores was a department store chain located in Eastern Canada. It was founded in 1930 in Montreal by Alex Wise and constituted on March 31, 1949 as Wise Stores inc. It expanded outside of Quebec by opening its first stores in the Maritimes provinces in 1986 and eventually Ontario in 1988. In 1994, the company shuttered 13 underperforming Wise and Wizmart stores.
foaf:name
Wise Stores inc.
dbp:name
Wise Stores inc.
foaf:depiction
n14:Logo-people.jpg n14:Wise_Stores.jpg
dbo:location
dbr:Montreal dbr:Canada dbr:Quebec
dcterms:subject
dbc:Companies_based_in_Montreal dbc:1930_establishments_in_Quebec dbc:Defunct_retail_companies_of_Canada dbc:Department_stores_of_Canada dbc:Privately_held_companies_of_Canada dbc:Retail_companies_disestablished_in_1995 dbc:1995_disestablishments_in_Quebec dbc:Retail_companies_established_in_1930
dbo:wikiPageID
7451273
dbo:wikiPageRevisionID
1091000990
dbo:wikiPageWikiLink
dbr:La_Petite-Patrie dbr:Laval,_Quebec dbr:Department_store dbr:Quebec dbr:Bankruptcy dbr:Victoriaville dbr:Greenfield_Park,_Quebec dbr:Carrefour_Laval dbr:Hawkesbury,_Ontario dbr:Hart_Stores dbr:United_Kingdom dbr:Plaza_Saint-Hubert dbr:Eastern_Canada dbr:Dartmouth,_Nova_Scotia dbr:Jean-Talon_Street dbr:Gaspé,_Quebec dbr:Place_Sainte-Foy dbr:Saint-Leonard,_Quebec dbc:Companies_based_in_Montreal dbc:Defunct_retail_companies_of_Canada dbr:Plaza_Côte-des-Neiges dbr:Sherbrooke dbr:Centre_Le_Cavalier dbr:LaSalle,_Quebec dbr:Marks_&_Spencer dbc:1930_establishments_in_Quebec dbr:Chandler,_Quebec dbr:Shediac,_New_Brunswick dbr:Lachute,_Quebec dbr:Delson,_Quebec dbr:Woolco dbr:Place_Laurier dbr:Zellers dbr:Liverpool,_Nova_Scotia dbc:Privately_held_companies_of_Canada dbr:Montreal dbr:Discount_store dbr:Truro_Mall dbr:Place_Levasseur dbr:Place_Pierre_Boucher dbr:Joliette dbr:Maritimes_provinces dbr:Plaza_Delson dbr:Montréal-Nord dbc:Department_stores_of_Canada dbr:Pierrefonds,_Quebec dbr:Canada dbr:Centre_Jacques-Cartier dbr:Montmagny,_Quebec dbr:Tracadie,_New_Brunswick dbr:Kmart_(United_States) dbr:Glace_Bay,_Nova_Scotia dbc:Retail_companies_established_in_1930 dbr:Metropolitan_Stores dbr:Quebec,_Quebec dbr:Place_Greenfield_Park dbr:Sainte-Foy,_Quebec_City dbc:Retail_companies_disestablished_in_1995 dbr:Subsidiary dbr:Bathurst,_New_Brunswick dbc:1995_disestablishments_in_Quebec dbr:Centre_Saint-Martin dbr:Chaleur_Centre_Mall dbr:Longueuil,_Quebec n22:Logo-people.jpg dbr:Cornwall,_Ontario dbr:Peoples_Department_Stores_Inc._(Trustee_of)_v._Wise dbr:Mic_Mac_Mall dbr:Boucherville dbr:Rouyn-Noranda dbr:Bridgewater,_Nova_Scotia dbr:Truro,_Nova_Scotia dbr:Chateauguay,_Quebec dbr:Saint-Jean-sur-Richelieu dbr:Paspebiac,_Quebec
owl:sameAs
yago-res:Wise_Stores wikidata:Q8027468 n16:4xtQ9 freebase:m.0kqmzp
dbp:wikiPageUsesTemplate
dbt:Short_description dbt:Reflist dbt:Infobox_company dbt:Expand_list
dbo:thumbnail
n14:Wise_Stores.jpg?width=300
dbp:defunct
1995
dbp:fate
dbr:Bankruptcy
dbp:foundation
1930
dbp:founder
Alex Wise
dbp:industry
dbr:Department_store
dbp:location
dbr:Canada dbr:Quebec dbr:Montreal
dbp:logo
Wise Stores.jpg
dbo:abstract
Wise Stores was a department store chain located in Eastern Canada. It was founded in 1930 in Montreal by Alex Wise and constituted on March 31, 1949 as Wise Stores inc. It expanded outside of Quebec by opening its first stores in the Maritimes provinces in 1986 and eventually Ontario in 1988. In 1992, the company acquired the even longer running and competitor Peoples department stores from British retailer Marks & Spencer. Under the terms of the purchase, the Wise and Peoples chains could not completely merge until the outstanding balance owed to Marks & Spencer for the transaction had completely been paid in full. Because of this restriction, Peoples was instead operated as a subsidiary of Wise. Wise was basically a discount department retailer with store dimensions averaging those of Hart, Greenberg and Peoples; in contrast to the larger-sized Zellers, Woolco and Kmart. Wise created in June 1993 a larger liquidation stores chain under the banner Wizmart. At its peak, the company operated five divisions: Wise Stores inc. (48 stores), Peoples Stores inc. (178 stores), Wizmart, KLHR Liquidation, and NRMA. In 1994, the company shuttered 13 underperforming Wise and Wizmart stores. Peoples declared bankruptcy on January 13, 1995 while Wise avoided it but would still get liquidated anyway. Wise eventually went bankrupt too on January 31, 1995. Wise's incapacity of paying the amount it owed Marks & Spencer for the Peoples acquisition was the main reason for the demise of both chains. The original Wise store, located on 6751 St-Hubert street in the La Petite-Patrie neighbourhood, operated throughout the entire 65 years of the company. Its founder Alex Wise was with the company for practically its whole existence and was still president in 1994 though he was retired by the time it went bankrupt in 1995. He died on January 12, 2004 at the age of 97 and one of his three sons who presided the company with him, Ralph, died on October 21, 2015. 32 of Wise and Peoples's vacated spaces became Hart Stores in August 1995, a department store chain with a similar concept. Another 27 former locations of Wise/Peoples were acquired also in August 1995 by Winnipeg-based Gendis which used them to open mainly new Metropolitan Stores, but also stores from its other banners such as Red Apple and Greenberg.
gold:hypernym
dbr:Chain
prov:wasDerivedFrom
wikipedia-en:Wise_Stores?oldid=1091000990&ns=0
dbo:wikiPageLength
9812
dbo:fate
Bankruptcy
dbo:foundingYear
1930-01-01
dbo:industry
dbr:Department_store
foaf:isPrimaryTopicOf
wikipedia-en:Wise_Stores