Reitmans Canada (RET.TO) 6.08 $RET.TO
Reitmans (Canada) Limited Announces Year-End Results
CNW Group - Wed Apr 02, 4:15PM CDT
Sales for the fiscal year ended February 1, 2014 ("fiscal 2014"
were $960,397,000 as compared with $1,000,513,000 for the year ended February 2, 2013 ("fiscal 2013" (which includes an extra week due to the Company's floating year-end), a decrease of 4.0% (a decrease of 2.7% after adjusting for the extra week). Same store sales decreased by 2.8%. Competitive pressures continued to necessitate increased promotional pricing impacting sales. The Company has made significant changes in branding among its banners. The branding strategies executed in Reitmans, Addition Elle and Penningtons banners have shown positive customer acceptance. A reduction in the number of stores contributed to lower sales as the Company rationalizes underperforming locations, with a net reduction of 33 stores in fiscal 2014. The Company's gross margin for fiscal 2014 decreased to 60.7% from 62.8% for fiscal 2013. Net earnings for fiscal 2014 decreased 59.1% to $10,788,000 ($0.17 diluted earnings per share) as compared with $26,356,000 ($0.40 diluted earnings per share) for fiscal 2013. For fiscal 2014, adjusted EBITDA(1) decreased by $20,140,000 or 22.2% to $70,453,000 as compared with $90,593,000 for fiscal 2013.
Reitmans (Canada) Limited reports December sales
CNW Group - Tue Jan 07, 4:15PM CST
Sales in December for the five weeks ended January 4, 2014 decreased 5.3% while same store sales decreased 5.2%.
Reitmans (Canada) Limited - Normal course issuer bid
CNW Group - Mon Dec 16, 8:22AM CST
Reitmans (Canada) Limited (the "Corporation" announced today that it has received approval from the Toronto Stock Exchange ("TSX" to proceed with a normal course issuer bid. Under the bid, the Corporation may purchase up to 4,000,000 Class A Non-Voting Shares of the Corporation (the "Shares", representing approximately 10% of the public float of the issued and outstanding Class A Non-Voting Shares as at December 10, 2013. The average daily trading volume for the 6-month period preceding December 1, 2013 is 149,622 Shares. In accordance with TSX rules, a maximum daily repurchase of 25% of this average may be made, representing 37,405 Shares.
Reitmans (Canada) Limited announces its results for the nine and three months ended November 2, 2013
CNW Group - Tue Dec 03, 7:14PM CST
Sales for the nine months ended November 2, 2013 were $719,720,000 as compared with $732,854,000 for the nine months ended October 27, 2012, a decrease of 1.8%. Same store sales(1) decreased 3.0%. Sales were negatively impacted due to a reduction in the number of stores as the Company rationalizes underperforming locations combined with competitive pressures necessitating more promotional pricing. Sales were also impacted by significantly slower than anticipated acceptance by consumers of the Company's repositioning and rebranding efforts in its Smart Set banner. The retail environment remains challenging with increased competitive pressure for apparel retailers. The Company's gross margin for the nine months ended November 2, 2013 decreased to 62.6% from 64.1% for the nine months ended October 27, 2012. Increased markdowns in the Smart Set banner significantly contributed to the reduction in gross margin. Net earnings for the nine months ended November 2, 2013 were $13,359,000 ($0.21 diluted earnings per share) as compared with $27,501,000 ($0.42 diluted earnings per share) for the nine months ended October 27, 2012. In the nine months ended November 2, 2013, adjusted EBITDA(1) was $62,317,000 as compared with $77,543,000 for the nine months ended October 27, 2012, a decrease of 19.6%.
Reitmans (Canada) Limited announces its results for the six and three months ended August 3, 2013
CNW Group - Wed Sep 11, 4:10PM CDT
Sales for the six months ended August 3, 2013 were $470,306,000 as compared with $496,607,000 for the six months ended July 28, 2012, a decrease of 5.3%. Same store sales(1) decreased 5.3% compared to the comparable 26 weeks ended August 4, 2012. The retail environment remained challenging with consumer debt remaining high and heightened competitive pressures. Sales continued to be impacted by our customers' preference to focus their expenditures on non-discretionary purchases, as well as slower than anticipated acceptance by consumers of the Company's repositioning and rebranding efforts in certain of its banners. Sales through the various banners' e-commerce channels continued to show strong growth, with all banners now offering a wide assortment across virtually all product categories. The Company's gross margin for the six months ended August 3, 2013 decreased to 63.4% from 64.7% for the six months ended July 28, 2012. Net earnings for the six months ended August 3, 2013 were $7,596,000 ($0.12 diluted earnings per share) as compared with $27,530,000 ($0.42 diluted earnings per share) for the six months ended July 28, 2012. In the six months ended August 3, 2013, adjusted EBITDA(1) was $41,306,000 as compared with $63,542,000 for the six months ended July 28, 2012, a decrease of 35.0%.
Reitmans (Canada) Limited Announces Alliance with Sears Canada to Provide Penningtons Plus-Size Fashions for Sears Stores and Website
CNW Group - Thu Jul 11, 6:00AM CDT
Reitmans (Canada) Limited (TSX: RET) announced today an agreement with Sears Canada (TSX: SCC) for the introduction of Penningtons plus-size apparel in Sears stores in Canada. This partnership between Reitmans (Canada) Limited and Sears Canada will see Penningtons products initially being made available in five Sears stores, as well as online at sears.ca. It is expected that Penningtons apparel will be introduced into additional Sears stores in 2014.
Sears Canada Announces Alliance with Reitmans Canada to Provide Penningtons Plus-Size Fashions for Sears Stores and Website
CNW Group - Thu Jul 11, 6:00AM CDT
Sears CanadaInc. (TSX: SCC) announced today an agreement with Reitmans (Canada) Limited (TSX: RET) for the addition of the market leading plus size Penningtons brand to Sears. The introduction of the popular and fashionablePenningtons apparel into Sears stores is an innovative, customer-centric approach for the Canadian retail industry responding to an underserviced market segment. Sears will be the only Canadian store to offer Penningtons apparel outside of Penningtons own stores.
Reitmans (Canada) Limited announces results of annual meeting of shareholders
CNW Group - Thu Jun 06, 3:36PM CDT
Reitmans (Canada) Limited ("Reitmans" or the "Company" announced today that each director nominee listed in the Management Proxy Circular dated May 1, 2013 was elected as Director of the Company during the Annual Meeting of the Shareholders held yesterday in Montréal, Québec.
Reitmans (Canada) Limited announces its results for the three months ended May 4, 2013
CNW Group - Tue Jun 04, 4:13PM CDT
Sales for the first quarter ended May 4, 2013 were $216,861,000 as compared with $217,094,000 for the first quarter ended April 28, 2012, a decrease of 0.1%. Same store sales(1) decreased 3.5%, compared to the comparable 13 weeks ended May 5, 2012, impacted by our customers' preference to focus their expenditures on non-discretionary purchases, as well as unseasonable weather conditions that were prevalent during the period. Sales through the various banners' e-commerce channels showed significant gains, with a 96% increase in sales for the first quarter ended May 4, 2013 as compared to the first quarter ended April 28, 2012. The Company's gross margin remained unchanged at 64.6% for the first quarter ended May 4, 2013 as compared to the first quarter ended April 28, 2012. The Company recorded a net loss of $2,586,000 ($0.04 diluted loss per share) for the first quarter ended May 4, 2013 as compared with a net loss of $119,000 ($0.00 diluted loss per share) for the first quarter ended April 2
Reitmans CIO to Share Insights on Retail Analytics at NRF 2013
Business Wire - Tue Jan 08, 7:35AM CST
QuantiSense, the leading provider of retail analytics and decision orchestration solutions, today announced that Reitmans CIO, Diane Randolph, and QuantiSense CEO, Jeff Buck, will be speaking together at the National Retail Federation's annual convention, NRF 2013, at the Javits Convention Center in New York City.
Reitmans (Canada) Limited Announces Year-End Results
CNW Group - Wed Apr 02, 4:15PM CDT
Sales for the fiscal year ended February 1, 2014 ("fiscal 2014"
were $960,397,000 as compared with $1,000,513,000 for the year ended February 2, 2013 ("fiscal 2013" (which includes an extra week due to the Company's floating year-end), a decrease of 4.0% (a decrease of 2.7% after adjusting for the extra week). Same store sales decreased by 2.8%. Competitive pressures continued to necessitate increased promotional pricing impacting sales. The Company has made significant changes in branding among its banners. The branding strategies executed in Reitmans, Addition Elle and Penningtons banners have shown positive customer acceptance. A reduction in the number of stores contributed to lower sales as the Company rationalizes underperforming locations, with a net reduction of 33 stores in fiscal 2014. The Company's gross margin for fiscal 2014 decreased to 60.7% from 62.8% for fiscal 2013. Net earnings for fiscal 2014 decreased 59.1% to $10,788,000 ($0.17 diluted earnings per share) as compared with $26,356,000 ($0.40 diluted earnings per share) for fiscal 2013. For fiscal 2014, adjusted EBITDA(1) decreased by $20,140,000 or 22.2% to $70,453,000 as compared with $90,593,000 for fiscal 2013. Reitmans (Canada) Limited reports December sales
CNW Group - Tue Jan 07, 4:15PM CST
Sales in December for the five weeks ended January 4, 2014 decreased 5.3% while same store sales decreased 5.2%.
Reitmans (Canada) Limited - Normal course issuer bid
CNW Group - Mon Dec 16, 8:22AM CST
Reitmans (Canada) Limited (the "Corporation"
announced today that it has received approval from the Toronto Stock Exchange ("TSX" to proceed with a normal course issuer bid. Under the bid, the Corporation may purchase up to 4,000,000 Class A Non-Voting Shares of the Corporation (the "Shares", representing approximately 10% of the public float of the issued and outstanding Class A Non-Voting Shares as at December 10, 2013. The average daily trading volume for the 6-month period preceding December 1, 2013 is 149,622 Shares. In accordance with TSX rules, a maximum daily repurchase of 25% of this average may be made, representing 37,405 Shares. Reitmans (Canada) Limited announces its results for the nine and three months ended November 2, 2013
CNW Group - Tue Dec 03, 7:14PM CST
Sales for the nine months ended November 2, 2013 were $719,720,000 as compared with $732,854,000 for the nine months ended October 27, 2012, a decrease of 1.8%. Same store sales(1) decreased 3.0%. Sales were negatively impacted due to a reduction in the number of stores as the Company rationalizes underperforming locations combined with competitive pressures necessitating more promotional pricing. Sales were also impacted by significantly slower than anticipated acceptance by consumers of the Company's repositioning and rebranding efforts in its Smart Set banner. The retail environment remains challenging with increased competitive pressure for apparel retailers. The Company's gross margin for the nine months ended November 2, 2013 decreased to 62.6% from 64.1% for the nine months ended October 27, 2012. Increased markdowns in the Smart Set banner significantly contributed to the reduction in gross margin. Net earnings for the nine months ended November 2, 2013 were $13,359,000 ($0.21 diluted earnings per share) as compared with $27,501,000 ($0.42 diluted earnings per share) for the nine months ended October 27, 2012. In the nine months ended November 2, 2013, adjusted EBITDA(1) was $62,317,000 as compared with $77,543,000 for the nine months ended October 27, 2012, a decrease of 19.6%.
Reitmans (Canada) Limited announces its results for the six and three months ended August 3, 2013
CNW Group - Wed Sep 11, 4:10PM CDT
Sales for the six months ended August 3, 2013 were $470,306,000 as compared with $496,607,000 for the six months ended July 28, 2012, a decrease of 5.3%. Same store sales(1) decreased 5.3% compared to the comparable 26 weeks ended August 4, 2012. The retail environment remained challenging with consumer debt remaining high and heightened competitive pressures. Sales continued to be impacted by our customers' preference to focus their expenditures on non-discretionary purchases, as well as slower than anticipated acceptance by consumers of the Company's repositioning and rebranding efforts in certain of its banners. Sales through the various banners' e-commerce channels continued to show strong growth, with all banners now offering a wide assortment across virtually all product categories. The Company's gross margin for the six months ended August 3, 2013 decreased to 63.4% from 64.7% for the six months ended July 28, 2012. Net earnings for the six months ended August 3, 2013 were $7,596,000 ($0.12 diluted earnings per share) as compared with $27,530,000 ($0.42 diluted earnings per share) for the six months ended July 28, 2012. In the six months ended August 3, 2013, adjusted EBITDA(1) was $41,306,000 as compared with $63,542,000 for the six months ended July 28, 2012, a decrease of 35.0%.
Reitmans (Canada) Limited Announces Alliance with Sears Canada to Provide Penningtons Plus-Size Fashions for Sears Stores and Website
CNW Group - Thu Jul 11, 6:00AM CDT
Reitmans (Canada) Limited (TSX: RET) announced today an agreement with Sears Canada (TSX: SCC) for the introduction of Penningtons plus-size apparel in Sears stores in Canada. This partnership between Reitmans (Canada) Limited and Sears Canada will see Penningtons products initially being made available in five Sears stores, as well as online at sears.ca. It is expected that Penningtons apparel will be introduced into additional Sears stores in 2014.
Sears Canada Announces Alliance with Reitmans Canada to Provide Penningtons Plus-Size Fashions for Sears Stores and Website
CNW Group - Thu Jul 11, 6:00AM CDT
Sears CanadaInc. (TSX: SCC) announced today an agreement with Reitmans (Canada) Limited (TSX: RET) for the addition of the market leading plus size Penningtons brand to Sears. The introduction of the popular and fashionablePenningtons apparel into Sears stores is an innovative, customer-centric approach for the Canadian retail industry responding to an underserviced market segment. Sears will be the only Canadian store to offer Penningtons apparel outside of Penningtons own stores.
Reitmans (Canada) Limited announces results of annual meeting of shareholders
CNW Group - Thu Jun 06, 3:36PM CDT
Reitmans (Canada) Limited ("Reitmans" or the "Company"
announced today that each director nominee listed in the Management Proxy Circular dated May 1, 2013 was elected as Director of the Company during the Annual Meeting of the Shareholders held yesterday in Montréal, Québec. Reitmans (Canada) Limited announces its results for the three months ended May 4, 2013
CNW Group - Tue Jun 04, 4:13PM CDT
Sales for the first quarter ended May 4, 2013 were $216,861,000 as compared with $217,094,000 for the first quarter ended April 28, 2012, a decrease of 0.1%. Same store sales(1) decreased 3.5%, compared to the comparable 13 weeks ended May 5, 2012, impacted by our customers' preference to focus their expenditures on non-discretionary purchases, as well as unseasonable weather conditions that were prevalent during the period. Sales through the various banners' e-commerce channels showed significant gains, with a 96% increase in sales for the first quarter ended May 4, 2013 as compared to the first quarter ended April 28, 2012. The Company's gross margin remained unchanged at 64.6% for the first quarter ended May 4, 2013 as compared to the first quarter ended April 28, 2012. The Company recorded a net loss of $2,586,000 ($0.04 diluted loss per share) for the first quarter ended May 4, 2013 as compared with a net loss of $119,000 ($0.00 diluted loss per share) for the first quarter ended April 2
Reitmans CIO to Share Insights on Retail Analytics at NRF 2013
Business Wire - Tue Jan 08, 7:35AM CST
QuantiSense, the leading provider of retail analytics and decision orchestration solutions, today announced that Reitmans CIO, Diane Randolph, and QuantiSense CEO, Jeff Buck, will be speaking together at the National Retail Federation's annual convention, NRF 2013, at the Javits Convention Center in New York City.
