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More bad news for Cash Store

Struggling short-term lender Cash Store has lost its chief executive. Yesterday, the company, which is listed on Toronto's TSX Venture Exchange, announced that its interim chief executive, Alan Grant, had resigned.Over the past year, the company has closed outlets and made changes to its product range. Between March and April last year, it stopped brokering loans altogether.It lost C$2.9 million in the September quarter of last year; it lost C$2.1 million in the December quarter; and it lost another C$1.8 million in the March quarter.

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