29:
276:
The M sub-chain was initially successful and promising. In
December 1986, the five M stores saw their sales increased while the remaining Miracle Mart-branded locations continued to decline. Despite a good start, the M chain began to go downhill after the last Miracle Mart stores were renamed in
268:
Overall, only 20 of
Miracle Mart's 31 stores rebranded to the M nameplate. The other 11 locations (7 in Ontario and 4 in Quebec) were closed during the restructuring process. This basically erased the chain from Ontario except for two Ottawa stores (both in
284:
When
Steinberg's parent Socanav was trying to sell parts of the company off, a buyer for the poorly performing M stores could not be found. The chain went bankrupt in June 1992 and the liquidation of the 19 stores began in early July. The original store in
203:(Steinberg's rebranded all their Ontario grocery stores to Miracle Food Marts on January 15, 1969), that operated exclusively in Ontario. Often found together, some locations with both a grocery and department store were regrouped under the single name
301:
followed. It was said that the fourth remaining M store could possibly outlast the others as it negotiates termination over its lease but it seems to have closed down as well on August 29, 1992. On the 1992-1993 Montreal phone book directory,
281:(M Discount), signaling a return to its roots as a discount retailer. But all this ended up accomplishing was to confuse and alienate even more customers who had been accustomed to a more upscale image of the chain since the 1980s.
210:
In order to provide photographic film-processing services at
Miracle Mart stores, a company was created by the Greenberg brothers, named Angreen Photo, which evolved into Astral Photo and became giant
233:
was the first location to convert as a M store and the only one to do so in the year of 1985. Four additional stores in
Greater Montreal were converted to the M name by August 1986; specifically at
180:
shopping centre. The partnership between
Steinberg's and Woodward ended in 1962 due to differences of opinions, and the two Woodward Steinberg stores were converted to the Miracle Mart name.
229:. By then, Miracle Mart had made profits only twice since its founding. The transformation of Miracle Mart locations into M stores was done in different phases. Miracle Mart at
218:
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listed only four stores for the M retail chain; they are the three aforementioned mall locations that closed on August 29, 1992 and the other one at 4325
262:
365:
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was still in operation when the company declared bankruptcy. By late August, 15 of the 19 stores had already closed. On August 29, 1992, the stores at
781:
277:
1987, and was soon experiencing the same financial woes that had plagued its predecessor. At some point, the name of the chain was modified to
225:
After years of losses, parent company
Steinberg's underwent in the mid-1980s a restructuring plan to rebrand the chain to the shorter name of
776:
273:) that rebranded as M. Other Miracle Mart stores had already been closed in the 1970s and first half of the 1980s due to poor performance.
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647:"M Stores likely to be shut: analysts: no buyers for Steinberg's money-losing department-store chain, insiders say"
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732:"Steinberg closes last 10 supermarkets; Shutdowns will put 500 full-time and part-time workers on the street"
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249:. Four more stores, again all located in the Montreal area, were added to the M cluster on April 8, 1987:
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420:"46 Miracle Food Marts open tomorrow: Steinberg's is reincarnated as discount chain in Ontario".
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265:. The remaining 11 Miracle Mart stores were renamed on August 19, 1987.
176:. A second store with the same trademark opened in November 1961 at the
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28:
712:"Curtain to close on another piece of the failed Steinberg empire"
607:"Steinberg expects profit margins to improve at revamped M stores"
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Miracle Mart operated at mid-level and competed with the likes of
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459:"Bell acquires Astral Media for $ 3.38-billion | Financial Post"
192:
133:
90:
49:
541:"Steinberg banking on M store being phoenix for Miracle Mart"
503:"Steinberg to close 11 units of Miracle department stores".
366:"Miracle Mart - Woodward Steinberg opening - Newspapers.com"
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164:. They opened their first store on October 11, 1961, in
787:Companies that have filed for bankruptcy in Canada
199:. There was also a similarly named grocery chain,
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401:"Woodward Discount Share Taken Up by Steinberg's"
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331:"2 Chain Groups May Be Forming Battle Lines".
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667:"Miracle Mart stores get new name, concept"
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553:
484:"Miracle Mart stores get new name, concept"
592:. Montreal. December 1, 1990. p. A19.
389:. New York. November 14, 1961. p. 22.
27:
152:The company was founded in early 1961 as
456:
348:"Steinberg and Woodward Talk of Chain".
216:
16:Canadian discount department store chain
782:Retail companies disestablished in 1992
720:. Montreal. 27 August 1992. p. C1.
675:. Montreal. 21 August 1986. p. D1.
564:"Miracle Mart to close 11 of 31 stores"
492:. Montreal. 21 August 1986. p. D1.
426:. Toronto. 14 January 1969. p. B4.
769:
687:"M Stores chain winds down operations"
572:. Montreal. 21 March 1986. p. C1.
549:. Ottawa. 20 August 1987. p. B11.
695:. Montreal. 10 July 1992. p. B5.
509:. Toronto. 22 March 1986. p. B4.
446:. Montreal. 24 July 1975. p. 15.
777:Retail companies established in 1961
655:. Montreal. 2 June 1992. p. B1.
354:. Toronto. 24 June 1961. p. 25.
635:. Toromto. 8 June 1992. p. B8.
629:"Death of M Stores surprises few".
615:. Montreal. 4 Dec 1986. p. C4.
409:. Montreal. 9 May 1962. p. 38.
13:
807:Defunct retail companies of Canada
438:"MM to be big profit maker:Dobrin"
337:. Toronto. 1 Mar 1961. p. 19.
140:. The chain was renamed to simply
14:
833:
457:Sturgeon, Jamie (16 March 2012).
822:1992 disestablishments in Quebec
156:by Montreal-based grocery chain
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383:"Discount: News & Ideas".
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817:1961 establishments in Quebec
753:1992-1993 Montreal phone book
740:. 29 August 1992. p. C1.
584:"M advertisement page (1990)"
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7:
812:Department stores of Canada
802:Defunct companies of Quebec
792:Companies based in Montreal
759:. 1992-12-01. p. 1309.
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751:"Magasins M stores list".
529:. 9 Apr 1987. p. D16.
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299:Les Promenades St-Bruno
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797:Saint-Laurent, Quebec
521:"M stores are opened"
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178:Place Greenfield Park
138:Saint-Laurent, Quebec
154:Miracle Mart Limited
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546:The Ottawa Citizen
506:The Globe and Mail
423:The Globe and Mail
386:Women's Wear Daily
351:The Globe and Mail
334:The Globe and Mail
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174:Woodward Steinberg
144:in the mid-1980s.
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122:Miracle Mart
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83:Headquarters
36:Company type
22:Miracle Mart
18:
757:Bell Canada
304:Bell Canada
251:Châteauguay
158:Steinberg's
78:, Dissolved
771:Categories
318:References
170:trade name
168:under the
162:Woodward's
76:Bankruptcy
40:Subsidiary
279:M Aubaine
247:Pont-Viau
166:Pont-Viau
114:Steinberg
205:Beaucoup
98:Products
93:, Canada
46:Industry
189:Zellers
148:History
130:Ontario
64:Defunct
56:Founded
271:Nepean
193:Woolco
134:Quebec
109:Parent
91:Quebec
50:Retail
197:Kmart
297:and
261:and
245:and
195:and
172:of
132:and
72:Fate
67:1992
59:1961
314:.
310:in
773::
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701:^
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621:^
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227:M
142:M
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