Jan 7, 2016
Reitmans (Canada) Limited reports December sales
Jan 7, 2016
Sales in December for the five weeks ended January 2, 2016 decreased 2.5%, impacted by a net reduction of 65 stores. Same store sales increased 4.8%, with stores increasing 2.3% and e-commerce sales increasing 40.0%.
Sales for the fourth quarter to date, being the nine weeks ended January 2, 2016, decreased 0.9% with 65 fewer stores in operation. Same store sales increased 6.7%, with stores increasing 3.7% and e-commerce sales increasing 53.7%.
In the fourth quarter to date, the Company closed 2 stores. Accordingly, at January 2, 2016, there were 773 stores in operation, consisting of 332 Reitmans, 135 Penningtons, 107 Addition Elle, 83 RW & CO., 68 Thyme Maternity, 17 Hyba and 31 Smart Set, as compared with 838 stores last year. In addition, there were 21 Thyme Maternity boutiques ("shop-in-shop") in select Babies"R"Us locations in Canada.
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