XS Cargo was a Canadian discount store that operated as a wholesale warehouse retailer. As the name implied (XS being "excess"), the stores bought products from other companies' unsold inventories and marked down the prices to offer deals. The stores offered a bit of everything, from furniture, to electronics, to houseware and kitchenware. A good number of their products were refurbished.
The company was 51% owned by XS Cargo Income Fund.
On July 31, 2014, XS Cargo Limited Partnership and XS Cargo GP Inc. (collectively, “XS Cargo”) each filed a Notice of Intention to Make a Proposal (collectively, the “NOIs”) pursuant to Section 50.4(1) of the Bankruptcy and Insolvency Act (Canada) (“BIA”) and PricewaterhouseCoopers Inc. (“PwC”) was named as trustee under the NOIs (the “Trustee”).
The company announced on September 26, 2014 that all 50 stores would be liquidated and closed.
All stores were closed on October 26, 2014.
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