There’s no time to waste. Sibling brands Reitmans, RW&Co. Reitman says they will continue to serve the plus market in Canada through both Reitmans and Pennington’s, a less fashion-forward plus brand aimed at a more casual demographic.
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The restructuring effort is meant to “re-position the Company for long-term success,” the brand said today in a statement. 514-989-2523, Newsroom “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.”.
ECentralSports targets the emerging premium Stores received a branding makeover, shelves were stocked with items like jade face rollers and jewelry from indie companies, and the brand even started offering upmarket items like genuine leather pieces and name-brand lines like Levi’s. on-trend esports and egaming market. “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,” Reitman said. Email: [email protected] | Advertising Inquiries: [email protected], Reitmans Permanently Shutting All 131 Addition Elle and Thyme Maternity Storefronts Amid Restructuring, International Council of Shopping Centres, Canadians to Overwhelmingly Shift to Online Holiday Shopping: Survey, Luxury Apparel Retail in Canada Expected to Slow Amid Pandemic: Expert, Commercial Rent Relief Revamp Announced by Canadian Government, Pop-Up Retail in Canada Grows Significantly Amid COVID-19: Experts, Source for Sports Sees Explosive Demand Amid Pandemic, Canadian Online Retailer ‘Altitude Sports’ Sees Explosive Growth Since April. Canada's Most Read Online Retail Industry Publication. 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.
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MONTREAL -- Reitmans will be laying off 1,400 employees – 300 of which work in Montreal – as the brand repositions itself "for long-term success” by closing its Addition Elle and Thyme Maternity stores, it was announced on Monday. 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. It’s no secret that the retail business just isn’t getting any easier to navigate, especially during the current COVID-19 pandemic, it’s definitely not helping businesses and retailers. Photo: Brendan Kergin. Nearly everything on Addition Elle’s site is up to 60% off right now, and you can find some truly amazing pieces at prices that’ll make you do a second take—including, but not limited to, so much delicious workwear. 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. 4,960. 19 juin 2019; Posted by Jean-Pierre Giraud; 16 Mai . The news comes on the heels of a restructuring plan announced last month, which saw the Canadian clothing company file for creditor protection in Quebec superior court.
“Closing Addition Elle and Thyme Maternity, two of our beloved brands, is a heartbreaking but necessary decision. Be the first to know! and Penningtons will remain open. ON [email protected], 299 Queen Street West "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. "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. The Ensemble Montréal party, the City of Montreal's official opposition, will table a motion today to rename the Place des festivals, in the city centre, for world-renowned Montreal pianist Oscar Peterson.
“Their focus when they emerge from these troubling times will be clearly in this segment of women’s apparel with a strong e-commerce business along with their repositioned bricks and mortar stores.”. 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 just last month. By Maggie Griswold / July 19, 2020 July 20, 2020. Chartrand said it is difficult to speculate on how consumers will react to the reopening of retail stores in the industry. We are committed to the plus-size market in Canada with both a size-inclusive offering at Reitmans, and dedicated expertise and service at Penningtons. Someone compliments you on your ‘fit, and you smile, knowing that you scored it for 60% off—and no one can copy your look, since the pieces aren’t available anymore. Seventy-eight Addition-Elle stores (including eight locations in the GTA) and 54 Thyme stores (including three in the GTA) will be affected. Stay up-to-date and in-the-know by subscribing to one of our newsletters, Listener line in studio 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.
He worked for 35 years at the Calgary Herald covering sports, crime, politics, health, city and breaking news, and business. 514-989-3838, Program & News Director We want fashion, too and I think it is really ridiculous that in 2020, we’re still [overlooked]. Addition Elle will be closing its stores this summer. 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.
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