is reitmans closing permanently

Since we also know that you might need to stay home for a little while with your loved ones, all our Reitmans (Canada) Limited brands are temporarily extending their return policy. For these two brands, the objective will be to liquidate the inventory in anticipation of their permanent closure, which is planned for July 18 for Thyme Maternity and August 15 for Addition Elle, said the retailer, adding that their respective e-commerce websites are expected to shut down on the same date as the closure of the physical stores. Reitmans has such a rich history in Canadian fashion retailing and has been an iconic brand catering to the affordable women’s apparel market for generations. Part of this new plan will see the company focus on three brands—Reitmans, Penningtons, and RW & CO., and Thyme Maternity and Addition Elle will be phased out … I like how the firm has highlighted omni-channel as a way forward and look forward to more detailed plans. ... results was to shift its sales and merchandising efforts to converting about 76 Smart Set stores to other banners and permanently shut down 31 stores. Reitmans (Canada) Limited permanently closing all Thyme Maternity and Addition Elle stores. Clothing retailer Reitmans Canada Ltd said on Monday it would permanently shutdown its Thyme Maternity and Addition Elle brands and slash its work force by about 1,400 employees as part of a restructuring plan. *To be updated as remaining provinces’ government announcements are made. Creditor protection is intended to give the company some time to restructure and, hopefully, avoid closing its 576 stores (including the RW&Co and Thyme Maternity brands) permanently. The decision to close up double shop will result in some 1,400 job losses and follows a complete internal company restructure authorised by a May application for bankruptcy protection. All returns for purchases made as of October 23, 2020 will be accepted up to 30 days after the store re-opening date. P.S. You have entered an incorrect email address! The Fort Worth, Texas-based company, which was founded in 1962, has recently struggled with increased competition from online retailers such as Wayfair. “The strategic decision to close two beloved Canadian fashion brands was not made lightly, but it is necessary to enable our business to move forward as a profitable organization. © 2020 Retail Insider Media Ltd. All Rights Reserved. Offer is valid for first-time subscribers only. The stores will remain open long enough to liquidate some of their stock, but will shut down permanently on … Reitman’s has some 576 outlets including Reitmans, Pennington, RW&Co, Addition Elle, and Tyme Maternity. British Columbia. In this context, we need to optimize our retail footprint, restructure our teams and make important changes to our business,” said Chartrand. We encourage you to look up the stores that might be open near you and their reduced hours with our Store Locator. "I think the consolidation of brands will help the company focus its operations and marketing in the short run and generate much-needed cash as they liquidate. Reitmans (Canada) Limited has announced a restructuring plan designed to foster long-term success. We will continue to closely monitor the situation in Manitoba and advise of any updates. Canada's Most-Read Online Retail Industry Publication. 2999 Massey Dr., Prince George. Closing Date. Reitmans issued a news release on June 1 that announced its restructuring plans, which includes permanently shutting down 54 Thyme Maternity stores on July 18 … Limited time offer. Oops, this request was unsuccessful due to a technical problem. Reitmans Canada announced it would permanently close two of its brands over the summer as part of its restructuring. No part of any of the content of this website may be reproduced, distributed, modified, framed, cached, adapted or linked to, or made available in any form by any photographic, electronic, digital, mechanical, photostat, microfilm, xerography or other means, or incorporated into or used in any information storage and retrieval system, electronic or mechanical, without the prior written permission of Retail Insider Media Ltd. or the applicable third party copyright owner. Possible errors include forgetting the @ sign, or .com, .ca, or .net at the end of your email address. This is a part of the restructuring process, but it is too early to confirm the location of these stores. The stores scheduled for closure include 77 Addition Elle and 54 Thyme Maternity locations. An email including the 20% coupon will be sent in the next 48 hours following the subscription to the newsletter. The fashion retailer, which also owns and operates Reitmans, Penningtons and RW & CO stores, said it will close all Thyme Maternity and Addition Elle locations over the summer. You can unsubscribe to the newsletter at any time. “With 576 stores the impact of the closure of two of its divisions will be felt across the country. Reitmans Ltd. will shutter two of its fashion brands and lay off 1,400 employees as the clothing retailer restructures its business under creditor protection. To find out more about more, visit our return policy. Get store location contact details for Reitmans in Goderich with StoreLocate.ca ... scroll down for store address, map and hours. Reitmans Ltd. is a Canadian retailing company, specializing in large women's clothing.The company operated several store brands, including Reitmans, R.W. The chain filed for bankruptcy in February and said at the time that it hoped to find a buyer for the company, which at the time included 50 stores in Canada and nearly 500 in the United States. For any other questions, please visit our FAQ. Stephen F. ReitmanPresident and CEO, Reitmans (Canada) Limited, Sign up to our emails and get a chance to win a $250 Gift Card. The quality of their clothes is much better than Pennington. (Reuters) - Clothing retailer Reitmans Canada Ltd said on Monday it would permanently shutdown its Thyme Maternity and Addition Elle … The Gap is in the process of closing 175 stores in North America. We will miss you in stores, but you can find us online anytime. They can become a leaner company by reducing cost and infrastructure,” said Bruce Winder, a retail analyst and President of Bruce Winder Retail. By Christian Nordqvist Published Nov 25, 2014 at 13:06 PM GMT. In addition to cancelling debt, J. COD or collect deliveries will not be accepted. Reitmans (Canada) Ltd. has filed for bankruptcy protection after the pandemic forced it to close all its stores and aggravated the apparel retailer’s already-weakening business. Stay safe, and let’s take good care of each other. All of the efforts we put forth to turn these brands around were derailed by the COVID-19 pandemic and, unfortunately, we can no longer afford the required resources to bring them back to profitability,” said Stephen Reitman, President and Chief Executive Officer of Reitmans (Canada) Limited, in a statement. L Brands will be closing 250 Victoria’s Secret stores across North America. Reitmans Ltd. is a Canadian retailing company, specializing in women's clothing. Reitmans closing all 107 Smart Set stores. Ronsons:The Vancouver-based shoe retailer announced on April 8 that it was in receivershipand closing its 18 stores, all of which are located in British Columbia. To help everyone stay as safe as possible, and in support of collective efforts against COVID-19, we have decided to close all our Reitmans, Penningtons, Addition Elle, RW&CO. We can't wait to see you again - even if it is 2 meters away from one another! Valid online at Reitmans.com for a limited time. Crew planned to permanently close some stores. “We believe that this decision, as difficult as it may be, remains the only option for moving the organization forward. Reitmans Goderich Address. Many of our stores are opening gradually. We recognize that it is important to do all we possibly can to protect our employees and customers in these difficult times. This news means that 77 Addition Elle and 54 Thyme Maternity locations will close as part of Reitmans’ restructuring plan since it filed for creditor protection. We promise to keep you updated on all the latest developments via email newsletters and social media. Rest assured our intention is to maintain a solid retail footprint in Canada for these three flagship brands.”. International Council of Shopping Centres. When it comes to the other remaining provinces, we are monitoring and awaiting the official governments’ announcements to come. K-Mart is closing down more than two dozen stores over the next several months. Canadian clothing retail giant Reitmans (CA) Limited has announced plans to permanently shut down its Addition Elle and Thyme Maternity brands. “The strategic decision to close two beloved Canadian fashion brands was not taken lightly, but is necessary to allow our business to grow as a profitable organization,” said Reitmans CEO Monday. However, by March 2018, the company said it would close all 17 Hyba stores by Feb. 2, 2019. For any other questions, please visit our FAQ. He worked for 35 years at the Calgary Herald covering sports, crime, politics, health, faith, city and breaking news, and business. Limited time offer. We are heartbroken to have to say goodbye to esteemed colleagues and we are truly grateful for their hard work and many contributions to our company over the years. UPDATE 5/19/2020: Pier 1 plans to permanently close all its stores SAN FRANCISCO, Calif. (AP/KRON) – Home goods retailer Pier 1 Imports Inc. is filing for bankruptcy protection. We can’t wait to see you again! After trying to restructure and find a buyer for months, the American retail chain Pier 1 announced Tuesday that it will close its doors and close its 540 stores in the United States and Canada. Your next closest Reitmans is Stratford. Reitmans converted some of those Smart Set locations to a new brand, Hyba — the company's activewear line. Plus, if you're new, sign up now to get a 20% off coupon AND a chance to win a $250 gift card. One-time use, in-store or online at Reitmans.com and Hyba.com. Gap is closing hundreds of Gap-branded stores as it opens stores under other brands including Old Navy and Athleta. The company said it is optimizing its retail footprint as it is building its future on its legacy in retail fashion with three premium brands: Reitmans, Penningtons, and RW & CO. 11. To help everyone stay as safe as possible, and in support of collective efforts against COVID-19, we have decided to close all our Reitmans, Penningtons, Addition Elle, RW&CO. Their sweet spot is the women’s plus-size market that is currently underserved in Canada,” said Kehoe, a veteran of more than 40 years in the industry and broker/owner of Fairfield Commercial Real Estate in Calgary. Starbucks said it tried to improve sales through creative merchandising and new store designs, but it … IMPORTANT NOTICE: Following the Ontario government announcement to close non-essential businesses, please note that our Toronto & Peel region stores will be closed as of today until further notice. Addition Elle and Thyme Maternity announced that stores will permanently close in Canada. Due to the outbreak of the coronavirus, please be aware that stores across the country may be operating reduced hours or closing temporarily. LORD & TAYLOR. “We will build our future on Reitmans, Penningtons and RW & CO., successful brands with strong and distinctive positioning that will continue to evolve in an omnichannel retail environment with a combined focus on e-commerce and a solid retail network of physical stores in Canada.”. : Returns of your products purchased before and during quarantine will be accepted with additional protocols in place for a period of 30 days after the reopening of your store of choice, unless otherwise specified by official provincial authorities. Up to 50% off everything (almost), clean and disinfect high-touch areas and surfaces more frequently. It was founded in 1926 by Herman and Sarah Reitman, in Montreal, Quebec, Canada.The immediate success of the first store on Saint Laurent Boulevard … “As we forge ahead with these three flagship Canadian brands, our intention is to write the next chapter of our company’s history for a stronger and brighter future. RONA Surrey (Newton) 6965 King George Blvd., Surrey TORONTO - Clothier Reitmans Canada Ltd said on Tuesday it will shut down its Smart Set banner over the next 12 to 18 months to try to boost profits in a market… Please note we will not be accepting returns or price adjustments on Black Friday (November 27) nor on Boxing Day (December 26). The impact of this crisis and the pressure it has put on our cash flows leave us no other choice,” she said. Please try again later! We also invite you to check out our social media platforms and join our communities to engage with us and share what’s on your mind during these trying times…because incredible things happen in moments of togetherness. With an enhanced product offering at Penningtons, where women can find aspirational and affordable head-to-toe fashion, we will do everything possible to make our Addition Elle community excited to continue to shop with us. … Reitmans converted some of those Smart Set locations to a new brand, Hyba — the company’s activewear line. Despite some provincial governments’ authorization to reopen businesses starting May 4th, we will be ready to reopen some our stores starting May 19th. Please check directly with the store's website or call them directly for any latest changes in opening hours or closures before you plan a visit. The latter on maternity wear. Pier 1 said Monday it […] Hundreds of Victoria’s Secret and Bath & Body Works across Canada and the U.S. are permanently closing as retailers struggle to stay afloat amid COVID-19. December 15th: last day to receive your order before December 24th. All returns for purchases made as of October 23, 2020 will be accepted up to 30 days after the store re-opening date. For more details see our privacy policy or contact us.