I'm seeing more and more of this in all areas, not just retail. A former employer's company shut down when he died suddenly, but his son still owns the copywrites and legal title, yet last year I saw a hiring add for the business. I called the son and he knew nothing about it, they had the name, logos, and even some original pics of the fleet and various jobs.
Turned out the "company" was in Bangladesh and was running an immigration scam promising expedited entry (with a huge fee of course) to work in Canada when no jobs actually existed. they've since been shut down and have warrants for their arrest, but I highly doubt they'll ever come here to be served.