Thyme Maternity And Addition Elle Stores To Close

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Devonshire Mall will lose two tenants after Reitmans announced that they will close all Thyme Maternity and Addition Elle stores over the course of Summer 2020.

This plan is part of the process announced by Reitmans on May 19th, 2020, to restructure its operational, commercial and financial affairs under the protection of the Companies’ Creditors Arrangement Act. Reitmans, Penningtons and RW & CO stores will remain open.

The company says that in the coming days and weeks, all physical stores will continue to safely reopen based on governmental guidelines, including all 77 Addition Elle and 54 Thyme Maternity stores.

The plan is to liquidate the inventory in anticipation of their permanent closure, which is planned for July 18th, 2020 for Thyme Maternity, and August 15th, 2020 for Addition Elle. Their respective e-commerce websites are expected to shut down on the same date as the closure of the physical stores.

As a result the Company will be reducing its workforce by approximately 1,100 employees in its retail stores and approximately 300 employees at its Head Office in Montreal.