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Canadian retailer Reitmans Limitee reports sales of $ 121 million in the first quarter of 2010. – n7t


Reitmans Limitee, a Canadian girls’s clothes retailer, elevated gross sales by 49.2% to $ 121.3 million (Canadian {dollars}) within the first quarter, which ended Could 1, 2021. rice discipline. Final 12 months. The corporate’s gross revenue for the primary quarter of 2010 was $ 59.9 million (first quarter of 2009: $ 28.6 million).

“As of Could 1, 2021, the corporate closed 181 of its 415 shops (44%) on account of a authorities blockade directive. In the course of the first quarter of 2021, all of its shops have been closed. Closed for 47 consecutive days. The shop remained closed through the partial or full blockade, however the firm didn’t have sufficient to offset the lack of gross sales as a result of closure, nevertheless it ordered e-commerce. We continued to take action, “the corporate stated in a press launch.

Promoting, common and administrative bills have been $ 59.5 million ($ 84.5 million) within the first quarter of 2010. Internet loss for 3 months was lowered to $ 0.0 million ($ 74.7 million).

“As of this MD & A date, the corporate has briefly closed 57 Ontario shops and is topic to important capability limits in varied areas. Covid-19 is a provide chain, client procuring The affect on an organization’s enterprise, similar to conduct and client demand, together with on-line procuring, relies on very unsure and at present unpredictable future traits, “the corporate added.

Fiber2Fashion Information Desk (JL)

Reitmans Limitee, a Canadian girls’s clothes retailer, elevated gross sales by 49.2% to $ 121.3 million (Canadian {dollars}) within the first quarter, which ended Could 1, 2021. rice discipline. Final 12 months. The corporate’s gross revenue for the primary quarter of 2010 was $ 59.9 million (first quarter of 2009: $ 28.6 million).

Canadian retailer Reitmans Limitee stories gross sales of $ 121 million within the first quarter of 2010.

Source link Canadian retailer Reitmans Limitee stories gross sales of $ 121 million within the first quarter of 2010.



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