Question: Is Reitmans Going Out Of Business?

Is Reitmans in financial trouble?

Women’s fashion chain Reitmans has been granted protection from its creditors while it restructures, the latest retail victim of the COVID-19 pandemic.

Like many other retailers, Reitmans has been hit hard by the pandemic, as physical distancing requirements forced the company to close its stores..

Is Additionelle going out of business?

Montreal-based Reitmans said Monday that it will shutter its 77 Addition Elle stores on Aug. 15 and 54 Thyme Maternity locations on July 18. … The closures follow a move last month by Reitmans to seek court protection from creditors under the Companies’ Creditors Arrangement Act and restructure the company.

Who owns Reitmans Canada?

Jeremy Reitman, who has died at the age of 74, was the chairman and CEO of Reitmans, the Canada-wide retail chain his grandparents started in 1926. He and his brother, Stephen Reitman, ran the company together for almost 50 years.

Is Gap and Old Navy closing?

today announced that, as a result of the escalating COVID-19 pandemic, it will temporarily close its Old Navy, Athleta, Banana Republic, Gap, Janie and Jack and Intermix company owned and operated stores across North America, effective March 19.

Can you return bras to Addition Elle?

Addition Elle on Twitter: “@LHLiveLaughLove we have a 60-quality assurance policy… return the bra to stores with the receipt and we’ll exchange it”

How old is Reitmans?

About 94 years (1926)Reitmans/AgeReitmans was founded in 1926 by Herman and Sarah Reitman. Since those modest beginnings, this publicly owned, family-controlled business has evolved from one women’s clothing store on Boulevard St. Laurent in Montreal to Canada’s largest women’s specialty retailer.

Is Reitmans fast fashion?

Reitmans has an advantage over some of its fast-fashion competitors, says Maureen Atkinson, senior partner, research insights, J.C. Williams Group Global Retail Advisors. “Their sizing is really much more a North American sizing than H&M and Zara and Uniqlo.

Are Reitmans stores closing?

Dear Reitmans Community, 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. and Thyme Maternity stores nationwide today, March 17th, until further notice.

Why are maternity stores closing?

The company operates stores under several brands, including Motherhood Maternity, Destination Maternity and A Pea in the Pod. … But the company, in a court document, blamed the retail industry’s turmoil, declining birth rates, high rents and leadership turnover for faltering.

What companies does Reitmans own?

Reitmans Ltd. is a Canadian retailing company, specializing in women’s clothing. The company operated several store brands, including Reitmans, R.W. & Company, Penningtons, Addition-Elle, Thyme Maternity, Cassis, Smart Set and Hyba. It was founded in 1926 by Herman and Sarah Reitman, in Montreal, Quebec, Canada.

What are Stokes?

transitive verb. 1 : to poke or stir up (a fire, flames, etc.) : supply with fuel. 2 : to feed abundantly.

Where can I buy kitchen stuff?

16 affordable places to buy stuff for your kitchenfishs eddy. This NYC-based shop sells sometimes sarcastic and always cute dishware. … zara home. If you haven’t shopped Zara’s home line yet, you’re missing out. … three potato four. Finding art to hang in your kitchen can sometimes be a drag. … target. … domino. … cb2. … h&m. … home goods.More items…•

Is Stokes going out of business?

Stokes, a Montreal-based tableware, kitchenware, and home décor retailer with 147 stores across Canada, intends to permanently close about 40 of its locations after it sought protection recently under the Bankruptcy and Insolvency Act.

Why is Additionelle closing?

Reitmans will shutter 77 Addition Elle and 54 Thyme Maternity stores across Canada as part of its restructuring process, the Montreal-based retailer announced Tuesday. Last month, the 94-year-old fashion chain announced that it would restructure its operations partly because of COVID-19, which hammered retailers hard.

Is Additionelle closing for good?

Reitmans Permanently Shutting All 131 Addition Elle and Thyme Maternity Storefronts Amid Restructuring. … 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.

Are Penningtons and Addition Elle the same?

The newly redesigned Carrefour Laval store will be the first of its kind for ADDITION ELLE, which has 80 stores in Canada. Penningtons has 115 stores. … So we run ADDITION ELLE live events which are every month and we invite local artisans, entrepreneurs to come and do events with us.