Towers

Towers Department Store was a discount department store chain founded in 1960. 
== History ==
Towers opened its first locations in New York, USA. Their first Canadian location opened in November 1960 in Scarborough, Ontario.
In 1963, Towers Department Stores filled for bankruptcy. Allied Towers Merchants Ltd bought the 13 Canadian stores, and sold off the American ones. The company left bankruptcy and was back on track. 
In 1967, Oshawa Group purchased the chain, which were the owners of stores like IGA, Consumers Distributing, and the Nova Scotian Dominion grocery stores. 
In 1971, All of the Québec stores were re-branded to Bonimart. Oshawa chose this name because it had positive connotations in both English and French. 
Throughout the 1970s and 1980s, Towers expanded throughout Ontario, Québec, and the Maritimes of Canada. At their peak, they had 51 stores. 
In 1990, Hudson's Bay bought the Towers chain of stores from Oshawa. Originally, F.W. Woolworth wanted to buy-out the chain and turn them into Woolco stores, but this plan never came to fruition.
In 1991, Hudson's Bay started their plan, they turned 47 stores into Zellers, 1 store into Hudson's Bay, and liquidated and closed 3 stores. 
== Stores ==
=== Towers Department Stores ===
A standard Towers location. usually around 80 000 square feet
=== Towers Food City ===
Towers Food City stores had full grocery departments, usually around 100 000 square feet
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Category:Discount stores
Category:Canada
Category:Defunct
Category:Defunct Mall Retailers
Category:Retailers
Category:Companies
Category:Franchises
Category:Brands
Category:Companies founded in Canada