Reitmans Limited Reports Sales Results for the Five Weeks and Nine Weeks Ended December 30, 2017
January 04, 2018 at 05:15 pm
Reitmans (Canada) Limited reported sales results for the five weeks and nine weeks ended December 30, 2017. For the five weeks, the company’s sales decreased 1.1%, with a net reduction of 38 stores. Same store sales increased 0.9%, with stores decreasing 2.1% and e-commerce sales increasing 20.9 %.
Sales for the fourth quarter to date, being the nine weeks ended December 30, 2017, decreased 0.3% with 38 fewer stores in operation. Same store sales1 increased 1.7%, with stores decreasing 1.5% and e-commerce sales increasing 25.1%.