RE:RE:New Press Release - REITMANS (CANADA) LIMITED ANNOUNCES ENGAGEMENT OF INVESTOR RELATIONS FIRMWill be nice to see some presentations of managements vision.
I noticed the store count has dropped year over year.
The Company operates 392 stores consisting of 227 Reitmans, 85 PENN.Penningtons and 80 RW&CO.
Last year there were 91 PENN stores. I hope management will be opening nice new PENN stores. Really disappointed how they are handling PENN. Still have free returns by mail while many competitors now charge for returns.
Example:
Suzy
A return shipping fee of $7 per returned order applies and will be deducted from the refund amount.
HBC
Items sold by Hudson’s Bay* are eligible for FREE in-store returns. Items returned by mail will be charged a $12 fee, deducted from the order total.
You can bet the most unprofitable HBC e-commerce customers are now shopping for Levis and other garments on line at PENN.