Dylex Limited was one of Canada's largest retailers during the 1970s and 1980s, where it operated a number of specialty retail stores, including womenswear, menswear and family stores, including BiWay, a large and now defunct Canadian discount chain.
History
Dylex was formed in 1966 as a holding company for the purchase of Tip Top Tailors through a partnership between Jimmy Kay, a decorated World War II veteran and businessman, and Wilfred Posluns, a former stockbroker.[1] The company name was an acronym for "Damn Your Lousy Excuses."[2] It absorbed Posluns' company and Kay's Fairweather stores.[1] From the start the company maintained retail and manufacturing operations. After a year, the company's sales at its menswear stores had reached $37 million.[1]
In 1984, Dylex purchased 50% of NBO Stores Inc., a 28-store chain of men's clothing discounters founded in Yonkers