Menu

Topics

Connect

Comments

Want to discuss? Please read our Commenting Policy first.

Reitmans to close all of its Hyba activewear stores over the next year

Sign for a Reitmans store. THE CANADIAN PRESS IMAGES/Richard Buchan

Women’s fashion retailer Reitmans Ltd. says it is closing all of its Hyba stores.

Story continues below advertisement

READ MORE: Hurt by weak loonie, fashion retailer Reitmans to cut jobs

The Montreal-based company says the 17 locations will shutter by next February as it moves the brand into its existing 270 Reitmans stores and online.

READ MORE: Women’s clothing store Smart Set to shut down, owner Reitmans says

Hyba sells workout clothes for women including gym clothes, yoga wear and running gear.

READ MORE: Battle to rev up among luxury retailers

The stores were converted from Smart Set locations when the chain closed its 107 locations in 2015 and rebranded dozens to other store names.

MORE: Quebec clothing retailer Simons expanding stores across Canada

They account for less than two per cent of Reitmans annual sales.

Story continues below advertisement

READ MORE: Reitmans Canada, Thyme Maternity nursing tops recalled over risk of lacerations

Reitmans says it will take a non-cash charge of about $1.5 million related to the closures and a $2-million provision for stores leases in its fourth quarter, which will be reported April 4.

Advertisement

You are viewing an Accelerated Mobile Webpage.

View Original Article