×
106 202
Fashion Jobs
ULTA BEAUTY, INC.
Retail Operations Manager
Permanent · Moreno Valley
ULTA BEAUTY, INC.
Retail Sales Manager
Permanent · Laurel
ULTA BEAUTY, INC.
General Manager
Permanent · Sacramento
ULTA BEAUTY, INC.
General Manager
Permanent · Petaluma
ULTA BEAUTY, INC.
Retail Operations Manager
Permanent · Kingsport
ULTA BEAUTY, INC.
General Manager
Permanent · Bee Cave
ULTA BEAUTY, INC.
General Manager
Permanent · Panama City Beach
ULTA BEAUTY, INC.
Retail Operations Manager
Permanent · Danbury
ULTA BEAUTY, INC.
Retail Operations Manager
Permanent · Davenport
ULTA BEAUTY, INC.
General Manager
Permanent · Moscow
NORDSTROM
Asset Protection - Agent - The Gallery at Westbury Plaza Rack
Permanent · Garden City
NORDSTROM
Asset Protection - Agent - Scottsdale Fashion Square
Permanent · Scottsdale
GAP
Senior Planner - Omni Merchandise Planning - Women’s Knits, Sweaters, & Swim - Specialty
Permanent · New York
GAP
Senior Planner - Omni Merchandise Planning - Women’s Knits, Sweaters, & Swim - Specialty
Permanent · San Francisco
ESTÉE LAUDER
Senior Manager, Global Product Marketing, Too Faced Cosmetics
Permanent · Irvine
SALLY BEAUTY CORPORATE
Account Executive - Cosmoprof
Permanent · Omaha
SALLY BEAUTY CORPORATE
Account Executive - Cosmoprof
Permanent · San Diego
KOHLS
Full-Time Sales Supervisor - Softlines
Permanent · Topeka
KOHLS
Full-Time Sales Supervisor - Softlines
Permanent · Lapeer
ALL SAINTS
Senior CRM Executive
Permanent · New York
TJ MAXX
District Loss Prevention Manager - Tustin, ca
Permanent · Tustin
MARSHALLS
Loss Prevention Detective - Boston
Permanent · Boston
Advertisements
Published
Jun 12, 2018
Share
Download
Download the article
Print
Click here to print
Text size
aA+ aA-

Reitmans sales steady in Q1

Published
Jun 12, 2018

Reitmans announced steady sales in its first quarter ended May 5, 2018, but still suffered a net loss during the quarter. 

Reitmans sales steady in Q1 - Facebook: Reitmans

 
The Canadian retailer reported sales of $207.6 million during the quarter, compared with $207.1 million for the three months ended April 29, 2017, despite a net reduction of 32 stores.  
 
E-commerce sales soared the most, increasing 21.9 percent. Overall, same-store sales were still down 0.8 percent, however, with stores sales decreasing 3.9 percent.

The company’s net loss narrowed compared to last year, but still included a net loss of $3.2 million as compared with a $6.6 million net loss ($0.10 basic and diluted loss per share) for the first quarter of fiscal 2018.  
 
The company attributed the smaller loss to reduced store operating costs, a longer quarter, as well as a foreign exchange boost. 
 
Meanwhile, gross profit for the first quarter of fiscal 2019 increased $3.1 million or 2.7 percent, to $116.3 million.
 
To date, Reitmans performance is shaping up in its second quarter. Sales for the month of May (the four weeks ended June 2, 2018) increased 4.6 percent. Same store sales increased 7.7 percent with stores sales increasing 4.9 percent and e-commerce sales increasing 29.2 percent. 
 
The company announced in March plans to close its Hyba retail locations, its affordable activewear line, across Canada. Hyba retail store sales represent less than 2 percent of the company's total annual sales.
 
The womenswear specialty apparel retailer currently operates 637 stores consisting of 269 Reitmans, 121 Penningtons, 89 Addition Elle, 80 RW & CO., 62 Thyme Maternity and 16 Hyba.

Copyright © 2021 FashionNetwork.com All rights reserved.