Reitmans has 7,000 employees in total. 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. (Reuters) - Clothing retailer Reitmans Canada Ltd said on Monday it would permanently shutdown its Thyme Maternity and Addition Elle … Mario Toneguzzi, based in Calgary, has more than 40 years experience as a daily newspaper writer, columnist, and editor. 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. 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. Canadian clothing retail giant Reitmans (CA) Limited has announced plans to permanently shut down its Addition Elle and Thyme Maternity brands. Reitmans (Canada) Limited permanently closing all Thyme Maternity and Addition Elle stores Photo of a Hamilton Police Service vehicle. After filing for creditor protection two weeks ago, the company announced on Monday that it will liquidate its inventory for the two brands in anticipation of their respective closures. Offer valid online at Reitmans.com from December 14, 2020 12 a.m. (ET) to December 15, 2020, until 11:59 p.m. (ET). “Having said that, I still see significant headwinds for the remaining brands based on changing consumer demographics, changing brand preferences and changing ways consumers buy apparel. We want to thank you for your continued support and patience over the past few weeks. ... 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. This offer is not valid on previous purchases and international shipments. Find the latest REITMANS(CANADA) (RTMAF) stock quote, history, news and other vital information to help you with your stock trading and investing. We will miss you in stores, but you can find us online anytime. Our websites remain open 24/7. L Brands will be closing 250 Victoria’s Secret stores across North America. We take this opportunity to thank our loyal Thyme Maternity and Addition Elle customers for their incredible support, and we look forward to welcoming them in our other stores for years to come.”. 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 … We have worked hard the last weeks to prepare our stores for your long awaited return. Your next closest Reitmans is Stratford. For the 12-month period ending on February 1, 2014, the Smart Set banner represented about 10% of Reitmans’ total annual sales. The stores will remain open long enough to liquidate some of their stock, but will shut down permanently on July 18 and August 15 respectively. I feel sad for the employees who will lose their jobs in a brutal retail employment market.". Gap is closing hundreds of Gap-branded stores as it opens stores under other brands including Old Navy and Athleta. The Gap is in the process of closing 175 stores in North America. “With 576 stores the impact of the closure of two of its divisions will be felt across the country. Reitmans Ltd. is a Canadian retailing company, specializing in large women's clothing.The company operated several store brands, including Reitmans, R.W. Reitmans (Canada) Limited permanently closing all Thyme Maternity and Addition Elle stores. Reitmans’ class A stock has collapsed over the past year, and last traded at 8 cents per share on May 15. International Council of Shopping Centres. The popular woman's clothing brand says that it will focus instead on its three premium brands: Reitmans, Penningtons and RW & CO through e-commerce and brick-and-mortar stores. Feb. 19, 2020. As part of the restructuring process, Reitmans has decided to permanently close Addition Elle and Thyme Maternity. RONA Surrey (Newton) 6965 King George Blvd., Surrey Please note we will not be accepting returns or price adjustments on Black Friday (November 27) nor on Boxing Day (December 26). 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 … 2999 Massey Dr., Prince George. When it comes to the other remaining provinces, we are monitoring and awaiting the official governments’ announcements to come. The stores will remain open long enough to liquidate some of their stock, but will shut down permanently on … These brands 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, added the company. HOLIDAY RETURN POLICY: Gift purchases made as of November 1, 2020 may be returned until January 10, 2021. However, due to the market size and increasing online competition, we have been struggling to make this business profitable. For any other questions, please visit our FAQ. Many of our stores are opening gradually. The quality of their clothes is much better than Pennington. The stores will remain open long enough to liquidate part of their inventory, but will close permanently on July 18 and August 15, respectively. However, by March 2018, the company said it would close all 17 Hyba stores by Feb. 2, 2019. June 2, 2020 Tumultuous times continue for Reitmans, as it will permanently close its Thyme Maternity and Addition Elle brands this summer. Stores closing in 2020: 131. Reitmans Canada Ltd. says its future remains uncertain as the insolvent women's apparel retailer negotiates for interim financing. Save my name, email, and website in this browser for the next time I comment. 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. Yes, I would like to receive emails from Reitmans and Hyba Activewear. For any other questions, please visit our FAQ. - We ask customers who have cold or flu symptoms or who have recently traveled abroad to shop online. 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. Reitmans has 7,000 employees in total. Your browser's Javascript functionality is turned off. 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. Please refer to the Contact Us section of our brands’ websites. Oops, this request was unsuccessful due to a technical problem. The COVID-19 pandemic was the final straw. You have entered an incorrect email address! 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. Crew planned to permanently close some stores. We recognize that it is important to do all we possibly can to protect our employees and customers in these difficult times. A research survey examining seven of Canada’s main streets, found that foot traffic has plunged.