Reitmans' President says that the retailer's online business has grown exponentially and that the new marketplace will further transform how its customers shop online.
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After obtaining bankruptcy protection last month, the company will shut two of its retail banners while at the same time reducing its workforce by about 1,400 employees.
The iconic Canadian retailer says that this was “the hardest decision we have had to make as an organization in our almost one hundred years of history.”