Smart Set Canada Stores To Close – Watch For Store Closing Sales


smartset

While Smart Set is owned by Reitmans so will see a slower closing than other stores that have closed over the past year, Smart Set is going out of business and we may be in for some big store closing sales.

Reitmans recently tried to change the demographic of the store but has still not seen the business they need to keep Smart Set open, so over the next 12-18 months, all stores will close or change to other Reitmans banner stores (Penningtons, Addition Elle, RW&Co, Thyme Maternity or Reitmans).  Their announcement said that mall stores were low traffic for the banner, so expect those to close sooner than ones in other areas.

With Jacob finally giving in and closing all stores and Le Chateau looking to be close to doing the same as they struggle with rebranding, we could be in for a lot of liquidation sales over the coming months.

 


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