In 1982, Winners was founded in Toronto, Ontario. It was one of the first off-price department stores in Canada. In 1880, Winners merged with TJX Companies, the world's largest off-price department store owner.
Since late 2001, Winners stores have been paired with Homesense, a home accessory retailer owned by Winners Merchants, modelled on TJX's American HomeGoods stores. Winners acquired the struggling "Labels" brand from Dylex in 2001. Labels was meant to compete with Winners, but never succeeded. Most Labels stores have been turned into Homesense stores.
In 2005, HBC opened a similar concept under the Designer Depot banner (and was sold in April 2008 ), and Les Ailes de la Mode opened a similar concept under the Labels banner after Winners did not renew their trademark on the name.
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