Reitmans announces leadership changes
today Oct 6, 2019
Reitmans announced on Friday several leadership changes following the departure of group president, Jonathon Fitzgerald, last month.
The Canadian retailer said Michael Strachan will assume the position of president of brands Addition Elle and Penningtons. Strachan, who joined the company in 2016, was most recently responsible for overseeing the Reitmans banner and the leadership of Thyme Maternity.
Likewise, Lora Tisi will assume the position of president, RW & CO. and Thyme Maternity. She joined the company in 2014 as president, RW & CO. and with this new role, will also be responsible for Thyme Maternity.
Jackie Tardif will continue in her present role as president of the Reitmans banner. Tardif joined the company in 1995 and in 2017 assumed her present role within the organization.
All three presidents will report directly to Stephen F. Reitman, president and chief operating officer.
The fashion retailer most recently saw sales for the second quarter 2020 drop to $232.8 million, as compared with $248.8 million reported during the same period last year.
Not even e-commerce sales, which has been a bright spot for the fashion group, were enough to drive momentum in comparable sales. Instead, comps dropped 1.9 percent, as store traffic was down 3.2 percent.
Since last year, it has closed over 45 stores.
It currently operates 591 stores consisting of 258 Reitmans, 114 Penningtons, 80 Addition Elle, 81 RW & CO. and 58 Thyme Maternity.
Copyright © 2019 FashionNetwork.com All rights reserved.