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Backyard Veranda closing doors
Backyard Veranda was launched 11 years ago with a store on Spring Garden Road in Halifax. That Park Lane store closed in 2006 when it moved to a larger space in Dartmouth Crossing.
the last couple of years, business has been down, Haley said. the last year, their sales were down 30 per cent.
have been victim to some online competition. Showrooming has definitely affected them. When you deal with products that are sometimes sold directly from the supplier themselves, and it sold from other retailers, you run the risk of being undercut. to its name, the business sold more than patio furniture.
a common misconception that it was just outdoor furniture, Haley said. it was actually for the whole house. We were a very fashionforward brand. Very stylish for the whole home. stores also sold kitchenware, a dog line and food items, he said.
CharlesMichel LeBlanc, who headed the company and was its main shareholder, has stepped down from his position as chief executive officer.
was his baby for 11 years, Haley said.
LeBlanc could not be reached for comment.
it very sad, Haley said of the closure.
though we were a local business, we had clients from across the country. Definitely, we felt like we provided something different to the marketplace, especially in Atlantic Canada. company owes 54 creditors a total of about $500,000, said Peter Wedlake of Grant Thornton, the trustee in bankruptcy.
The Canada Revenue Agency is owed more than $100,000, Wedlake said.
The estimated value of the company assets is about $364,000, he said.
Wedlake hasn decided yet how he will dispose of those.
While the two stores were closed Wednesday for inventory counts, Wedlake said he has organized liquidation sales in the past to sell off assets.