Last €4.13 EUR
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As of 2:01 AM 08/29/14 All times are local (Market data is delayed by at least 15 minutes).

reitmans (canada) ltd-a (CX4) Snapshot

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09/5/13 - €7.12
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reitmans (canada) ltd-a (CX4) Details

Reitmans (Canada) Limited operates as a ladies’ wear specialty apparel retailer in Canada. Its stores offer tops, pants, dresses, coats, jeans, sweaters, outerwear, capris, jackets and blazers, skirts, shorts and skorts, lingerie, and accessories; shoes, boots, and sandals; and accessories, including jewelry, sunglasses, scarves, belts, purses and bags, tights and leggings, and gift cards. The company operates its stores under the Reitmans, Smart Set, RW & CO., Thyme Maternity, Penningtons, and Addition Elle banners in malls, retail power centers, strip plazas, and on shopping streets. It also operates 23 Thyme Maternity boutiques in Babies 'R' Us locations in Canada, as well as provides access to e-commerce Website shopping through the Babies 'R' Us Canadian Website. As of April 5, 2014, it operated 868 stores consisting of 346 Reitmans, 125 Smart Set, 77 RW & CO., 69 Thyme Maternity, 149 Penningtons, and 102 Addition Elle stores. The company also operates an e-commerce Website for Reitmans, Penningtons, and Addition Elle banners. Reitmans (Canada) Limited was founded in 1926 and is based in Montreal, Canada.

Founded in 1926

reitmans (canada) ltd-a (CX4) Top Compensated Officers

Chairman and Chief Executive Officer
Total Annual Compensation: C$750.0K
President and Director
Total Annual Compensation: C$750.0K
Chief Financial Officer and Vice President of...
Total Annual Compensation: C$320.0K
Chief Operating Officer and President of Reta...
Total Annual Compensation: C$507.7K
Senior Vice-President and President of Smart ...
Total Annual Compensation: C$500.0K
Compensation as of Fiscal Year 2014.

reitmans (canada) ltd-a (CX4) Key Developments

Reitmans (Canada) Limited Announces Appointment of Walter Lamothe to the Position of President, Retail and Chief Operating Officer

Reitmans (Canada) Limited announced the appointment of Walter Lamothe to the position of President, Retail and Chief Operating Officer. Mr. Lamothe joined Reitmans (Canada) Limited in 2011 as President of the Addition Elle and Penningtons banners and in that position has revitalized these market-leading plus-size brands and driven both same store sales growth and profitability gains. In addition, he has led a key strategic initiative in developing a global sourcing approach, which will benefit all Reitmans banners. In his new position, Mr. Lamothe will have operating responsibility for the Company's six banners: Reitmans, Penningtons, Addition-Elle, RW & CO., Thyme Maternity and Smart Set. His priority will be to improve performance in Canada, while also exploring opportunities for growth both domestic and international. Prior to joining Reitmans (Canada) Limited, Mr. Lamothe was President and CEO of Liz Claiborne Canada (formerly Mexx Canada Inc.) and held senior executive positions with Shirmax Fashions.

Reitmans Canada Ltd. Declares Quarterly Cash Dividend, Payable on July 31, 2014

Reitmans Canada Ltd. at the board of directors meeting held on June 10, 2014, declared a quarterly cash dividend (constituting eligible dividends) of $0.05 per share on all outstanding Class A non-voting and common shares of the company, payable July 31, 2014 to shareholders of record on July 17, 2014.

Reitmans Canada Ltd. Announces Unaudited Consolidated Earnings Results for the First Quarter Ended May 3, 2014; Reports Sales Results for the Month Ended May 31, 2014

Reitmans Canada Ltd. announced unaudited consolidated earnings results for the first quarter ended May 3, 2014. For the quarter, the company reported sales was CAD 206,478,000 against CAD 216,861,000 a year ago. Negative results from operating activities were CAD 13,654,000 against CAD 4,073,000 a year ago. Loss before income taxes was CAD 16,840,000 against CAD 3,495,000 a year ago. Net loss was CAD 13,415,000 against CAD 2,586,000 a year ago. Basic and diluted loss per share was CAD 0.21 against CAD 0.04 a year ago. Adjusted LBITDA was CAD 4,061,000 against adjusted EBITDA of CAD 10,683,000 a year ago. Net cash flows used in operating activities was CAD 47,444,000 against CAD 7,346,000 a year ago. Additions to property and equipment and intangible assets were CAD 6,335,000 against CAD 10,106,000 a year ago. The company reporting a big increase in its net loss as the Montreal-based women's wear retailer suffered a more than CAD 10-million drop in sales revenue as a result of poor weather combined with a net reduction of 47 stores compared with the same year-earlier period. The company reported that sales results for the month ended May 31, 2014 decreased 1.5% with same store sales increasing 1.2%.


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