For its second quarter that ended in early August 2026, Women’s and men’s specialty apparel retailer Reitmans (Canada) Ltd. reported net revenues reported that net revenues decreased 1.9 percent to $211.8 million primarily due to lower transaction volume and reduced clearance activity compared to the prior year. Comparable sales, which include e-commerce net revenues, decreased 1.5 percent. Retail store performance remained resilient during the quarter, while e-commerce revenues were impacted by a more selective promotional approach. “Performance varied by channel during the quarter,” said Andrea Limbardi, President and CEO of RCL. “Our comparable store sales increased, and we saw continued strong momentum in our new flagship locations. The recently converted Reitmans concept flagship at Carrefour Laval and the expanded and renovated RW&CO Toronto Eaton Centre flagship both delivered double-digit sales growth. E-commerce revenues were lower than last year as we reduced clearance and promotional activity.” RCL ended the quarter with 385 stores across Canada. There were 216 stores under the Reitmans banner, 85 under the PENN. banner and 84 RW&CO stores.
Reitmans (Canada) Ltd., 250 Sauve St. West, Montreal, Quebec H3L 1Z2 (514/384-1140 www.reitmanscanadalimited.com)