Reitmans news and archive

Fewer stores and warm weather impact Reitman's Q3 results

Reitmans’s (RCL) third quarter net revenues decreased by 2.9 percent to 187.7 million Canadian dollars primarily due to 11 fewer stores and unfavourably warm autumn weather. Comparable sales for the quarter under review decreased by 1.9 percent. "The quarter was impacted by warmer weather delaying sales of fall apparel. However, we achieved a...

People

Reitmans Canada appoints Caroline Goulian as CFO

Reitmans (Canada) Limited (RCL) has announced the appointment of Caroline Goulian as chief financial officer, effective November 4, 2024. The company also announced that Richard Wait, executive vice president and current chief financial officer, will be retiring next April after a 40-year career with RCL. "I am thrilled to announce the promotion...

Business

Reitmans grows Q2 net earnings by 17.2 percent

Reitmans second quarter net revenues increased by 0.9 million Canadian dollars or 0.4 percent to 215.5 million dollars despite operating 16 less stores. Comparable sales, which include e-commerce net revenues, increased by 3.5 percent. The company said that although Canadian consumers continued to tighten discretionary spending, net revenues...

People

Reitmans Canada appoints Isabelle Leclerc as chief people officer

Reitmans Canada Limited (RCL) has announced the appointment of Isabelle Leclerc as the company's chief people officer (CPO), effective August 26, 2024. As CPO, the company said in a release, Leclerc will be a member of the RCL executive team, reporting to president & CEO Andrea Limbardi. "We are thrilled to have Isabelle join us as CPO. Her...

Business

Reitmans posts Q4 revenues increase of 3.8 percent

Apparel retailer Reitmans Canada (RCL) increased fourth quarter revenues by 8.1 million Canadian dollars or 3.8 percent to 221 million Canadian dollars, while comparable sales including e-commerce net sales, decreased 1.6 percent. Net revenues for fiscal 2024 decreased by 8.6 million Canadian dollars or 1.1 percent to 794.7 million Canadian...

Business

Reitmans reports drop in Q2 sales, profit

Reitmans (Canada) Limited has reported a 7.5 percent drop in revenue in the second quarter as its profits narrowed. The specialty apparel retailer generated revenue of 213.2 million Canadian dollars in the three months to July 29, down from 229.2 million Canadian dollars a year earlier. The company said it was impacted by higher promotional...

Fashion

Andrea Limbardi to assume CEO role at Reitmans in September

Women's apparel retailer Reitmans (Canada) Limited has announced the appointment of Andrea Limbardi as president and chief executive officer, effective September 5, 2023. The company said in a statement that Stephen Reitman, current president and chief executive officer, will assume the position of executive chairman of the board, while Daniel...

Business

Reitmans Q4 sales up 11.4 percent, but profits narrow

Reitmans (Canada) Limited has reported an 11.4 percent increase in sales in the fourth quarter ended January 28, boosted by a 12.7 percent increase in comparable sales. The company made net sales of 211.9 million Canadian dollars in the quarter, up from 190.2 million Canadian dollars a year earlier. It said its strong comparable sales were due...