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The company was founded by Michael Rossy in 1949. During the 1960s to the 1990s, it wasn't a rare thing to see in Montreal different Rossy stores located within a walking distance from each other. Today such proximities among the stores are less common; but in contrast, the chain has expanded its presence throughout the province.
In October 2011, Laval-based competitor Hart Stores had run into financial difficulties, and entered Companies Creditors Arrangement Act bankruptcy protection, closing 32 of its 92 Canadian stores. In Newfoundland, eight of Hart's former Bargain Giant locations were converted in 2012 to Rossy stores.