Latest news with #Reitmans
Globe and Mail
3 days ago
- Business
- Globe and Mail
Reitmans (Canada) Limited Reports First Quarter Financial Results
MONTREAL, June 17, 2025 /CNW/ - Reitmans (Canada) Limited ("RCL" or the "Company") (TSXV: RET) (TSXV: RET -A), one of Canada's leading specialty apparel retailers, today reported its financial results for the first quarter ended May 3, 2025. Unless otherwise indicated, all comparisons are to the first quarter ended May 4, 2024. All dollar amounts are in Canadian currency.
Yahoo
3 days ago
- Business
- Yahoo
Reitmans (Canada) Limited Reports First Quarter Financial Results
MONTREAL, June 17, 2025 /CNW/ - Reitmans (Canada) Limited ("RCL" or the "Company") (TSXV: RET) (TSXV: RET-A), one of Canada's leading specialty apparel retailers, today reported its financial results for the first quarter ended May 3, 2025. Unless otherwise indicated, all comparisons are to the first quarter ended May 4, 2024. All dollar amounts are in Canadian currency. Highlights Net revenues decreased 4.1% to $158.9 million, primarily due to severe winter weather in the month of February and economic uncertainty. Comparable sales1 decreased 4.5%. Gross profit % was down 100 basis points to 55.7%. Adjusted EBITDA1 was negative $10.6 million. Net loss was $10.0 million, or $0.20 per share. "While our e-commerce revenue grew in Q1, it was not enough to offset lower in-store traffic resulting from near-record snowfall accumulations in some regions during February," said Andrea Limbardi, President and CEO of RCL. "We saw improvement once the weather cleared; however, consumers were more price-conscious amid ongoing economic uncertainty. We proactively moved our merchandise with selective and strategic promotional activity, ending the quarter with healthy inventory levels. However, these actions resulted in a year-over-year gross profit impact. I am pleased with the performance of our Reitmans brand, which performed well in the quarter, responding to customers' concerns over the economy with its hallmark of great styles and quality at accessible price points." "Our disappointing financial results underscore the importance of implementing the five-year strategic plan we announced in April. This strategy is designed to drive long-term profitable growth and ultimately make our business more resilient. As part of our ongoing efforts to optimize our store fleet, we opened three new Reitmans stores, one RW&CO store, and two PENN stores that were relocations during the quarter. Meanwhile, under our strategy to fuel growth with modernization, we moved forward with the first phase of our digital strategic roadmap. Reflecting our commitment to a seamless customer journey across all our touch points, this first phase will include newly designed front-end e-commerce storefronts for all three brands and migrating to ShopifyTM. We expect the migration and launch of our enhanced e-commerce offering to be completed this fiscal year." 1 This is a Non-GAAP Financial Measure. See "Non-GAAP Financial Measures & Supplementary Financial Measures" for reconciliation of these measures. Selected Financial Information (in millions of dollars, except for gross profit % and earnings per share) (unaudited) First quarter 2026 2025 Change Net revenues $158.9 $165.7 (4.1 %) Gross profit $88.5 $93.9 (5.8 %) Gross profit % 55.7 % 56.7 % (100 bps) Selling, general and administrative expenses $99.1 $95.1 4.2 % Net loss ($10.0) ($1.5) n/a Adjusted EBITDA1 ($10.6) $0.9 n/a Loss per share: Basic ($0.20) ($0.03) n/a Diluted ($0.20) ($0.03) n/a 1 This is a Non-GAAP Financial Measure. See "Non-GAAP Financial Measures & Supplementary Financial Measures" for reconciliations of these measures. On May 3, 2025, RCL had working capital1 of $134.8 million, including cash of $85.4 million compared to working capital of $165.7 million, including cash of $158.1 million as at February 1, 2025 and working capital of $153.4 million, including cash of $98.9 million as at May 4, 2024. At the end of the first quarter, RCL had no long-term debt other than lease liabilities and no amounts were drawn under the Company's bank credit facilities. First Quarter Overview Net revenues decreased by 4.1%, to $158.9 million. The decrease was attributable to adverse weather conditions in the month of February and consumers being more price conscious as a result of economic uncertainty. Comparable sales1 decreased 4.5%, primarily due to lower store traffic and customers migrating to discounted merchandise. Gross profit % decreased by 100 basis points, to 55.7% or $88.5 million, mainly due to a lower proportion of regular priced sales. Adjusted EBITDA1 was a loss of $10.6 million, largely due to lower gross profit and higher occupancy costs and wages. Net loss was $10.0 million compared to a loss of $1.5 million a year earlier. The Company's complete financial statements including notes, and the Company's MD&A for the first quarter of fiscal 2026 are available online at Normal Course Issuer Bid The Company intends to renew the current NCIB, which expires in August 2025, through the facilities of the TSX Venture Exchange to purchase Non-Voting Shares. The NCIB would continue to be conducted through BMO Nesbitt Burns Inc. and is expected to take place over an additional period of 12 months from August 5, 2025. The extent to which the Company repurchases its shares and the timing of such purchases will depend upon the market conditions and other corporate considerations. The NCIB is subject to regulatory approval. Conference Call The Company will host a conference call on June 18, 2025, at 8:30 am Eastern Time to discuss its first quarter financial results. Interested parties may join the conference call by dialing 1-833-752-3725 or 647-846-8584 approximately 15 minutes prior to the call to secure a line. A live audio webcast of the call will be available at and will be available for replay at this website for 12 months. About Reitmans (Canada) Limited Reitmans (Canada) Limited is one of Canada's leading specialty apparel retailers for women and men, with retail outlets throughout the country. The Company operates 394 stores under three distinct banners consisting of 225 Reitmans, 86 PENN., and 83 RW&CO. For more information, visit For further information, please contact: Alexandra Cohen VP, Corporate Communications Reitmans (Canada) Limited Telephone: (514) 384-1140 Email: acohen@ Caroline Goulian Chief Financial Officer Reitmans (Canada) Limited Telephone: (514) 384-1140 Email: cgoulian@ NON-GAAP Financial Measures & Supplementary Financial Measures This press release makes reference to certain non-GAAP financial measures. These financial measures are not recognized measures under International Financial Reporting Standards ("IFRS") and do not have a standardized meaning prescribed by IFRS. They are therefore unlikely to be comparable to similar measures presented by other companies. Rather, these measures are provided as additional information to complement IFRS measures by providing further understanding of the Company's results of operations from management's perspective. Accordingly, these measures should not be considered in isolation nor as a substitute for the Company's analysis of its financial information reported under IFRS. NON-GAAP Financial Measures This press release discusses the following non-GAAP financial measures: adjusted earnings before interest, taxes, depreciation and amortization ("Adjusted EBITDA") and working capital. This press release also indicates Adjusted EBITDA as a percentage of net revenues and is considered a non -GAAP financial ratio. Net revenues represent the sales of merchandise less discounts and returns ("net sales") and includes shipping fees charged to customers on e-commerce orders. The intent of presenting Adjusted EBITDA is to provide additional useful information to investors and analysts. Adjusted EBITDA is currently defined as net earnings (loss) before depreciation, amortization, net impairment of non-financial assets, interest expense, interest income, income tax expense/recovery, pension windup-related administration costs, and adjusted for the impact of certain items, including a deduction of interest expense and depreciation relating to leases accounted for under IFRS 16, Leases. Management believes that Adjusted EBITDA is an important indicator of the Company's ability to generate liquidity through operating cash flow to fund working capital needs and fund capital expenditures and uses this metric for this purpose. Management believes that Adjusted EBITDA as a percentage of net revenues indicates how much liquidity is generated for each dollar of net revenues. The exclusion of interest income and expenses, other than interest expense related to lease liabilities as explained hereafter, eliminates the impact on earnings derived from non-operational activities. The exclusion of depreciation, amortization and net impairment losses, other than depreciation related to right-of-use assets as explained hereafter, eliminates the non-cash impact, and the exclusion of pension windup-related administrative costs presents the results of the on-going business. Under IFRS 16, Leases, the characteristics of some leases result in lease payments being recognized in net earnings in the period in which the performance or use occurs while other leases are recorded as right-of-use assets with a corresponding lease liability recognized, which results in depreciation of those assets and interest expense from those liabilities. Management is presenting its Adjusted EBITDA to reflect the payments of its store and equipment lease obligations on a consistent basis. As such, the initial add-back of depreciation of right-of-use assets and interest on lease obligations are removed from the calculation of Adjusted EDITDA, as this better reflects the operational cash flow impact of its leases. Working capital is defined as current assets less current liabilities. Management believes that working capital provides information that is helpful to understand the financial condition of the Company. Due to the seasonality of the Company's business, it is more relevant to compare the working capital position at the same point in time. Reconciliation of NON-GAAP Measures The tables below provide a reconciliation of net loss to Adjusted EBITDA:For the first quarter of2026 2025 Net loss $(10.0) $(1.5) Depreciation, amortization and net impairment losses on property and equipment, and intangible assets 3.9 4.1 Depreciation on right-of-use assets 10.2 9.3 Interest expense on lease liabilities 2.5 2.5 Interest income (1.0) (1.1) Income tax recovery (3.8) (0.6) Pension windup-related administration costs 0.3 - Rent impact from IFRS 16, Leases1 (12.7) (11.8) Adjusted EBITDA $(10.6) $0.9 Adjusted EBITDA as % of Net revenues (6.7) % 0.5 %1 Rent Impact from IFRS 16, Leases is comprised as follows; For the first quarter of2026 2025 Depreciation on right-of use assets $10.2 $9.3 Interest expense on lease liabilities 2.5 2.5 Rent impact from IFRS 16, Leases $12.7 $11.8 Supplementary Financial Measures The Company uses a key performance indicator ("KPI"), comparable sales, to assess store performance and sales growth. The Company engages in an omnichannel approach in connecting with its customers by appealing to their shopping habits through either online or store channels. This approach allows customers to shop online for home delivery or to pick up in store, purchase in any of our store locations or ship to home from another store when the products are unavailable in a particular store. Due to customer cross-channel behaviour, the Company reports a single comparable sales metric, inclusive of store and e-commerce channels. Comparable sales are defined as net sales generated by stores that have been continuously open during both of the periods being compared and include e-commerce net sales. The comparable sales metric compares the same calendar days for each period. Although this KPI is expressed as a ratio, it is a supplementary financial measure that does not have a standardized meaning prescribed by IFRS and may not be comparable to similar measures used by other companies. Management uses comparable sales in evaluating the performance of stores and online net sales and considers it useful in helping to determine what portion of new net sales has come from sales growth and what portion can be attributed to the opening of new stores. Comparable sales is a measure widely used amongst retailers and is considered useful information for both investors and analysts. Comparable sales should not be considered in isolation or used in substitute for measures of performance prepared in accordance with IFRS. Forward-Looking Statements All of the statements contained herein, other than statements of fact that are independently verifiable at the date hereof, are forward-looking statements. Such statements, based as they are on the current expectations of management, inherently involve numerous risks and uncertainties, known and unknown, many of which are beyond the Company's control and are based on several assumptions which give rise to the possibility that actual results could differ materially from the Company's expectations expressed in or implied by such forward-looking statements and that the objectives, plans, strategic priorities and business outlook may not be achieved. Consequently, the Company cannot guarantee that any forward-looking statement will materialize, or if any of them do, what benefits the Company will derive from them. Forward-looking statements are provided in this press release for the purpose of allowing investors and others to get a better understanding of the Company's operating environment and management's expectations and plans as of the date of this press release. However, readers are cautioned that it may not be appropriate to use such forward-looking statements for any other purpose. Forward-looking statements are based upon the Company's current estimates, beliefs and assumptions, which are based on management's perception of historical trends, current conditions and currently expected future developments, as well as other factors it believes, are appropriate in the circumstances. This press release contains forward-looking statements about the Company's objectives, plans, goals, expectations, aspirations, strategies, financial condition, results of operations, cash flows, performance, and prospects, opportunities and legal and regulatory matters. Specific forward-looking statements in this press release include, but are not limited to, statements with respect to the Company's belief in its strategies and its brands and their capacity to generate long-term profitable growth plans to meet certain financial objectives, future liquidity, planned capital expenditures, status and impact of systems implementation, the ability of the Company to successfully implement its strategic initiatives and cost reduction and productivity improvement initiatives as well as the impact of such initiatives. These specific forward-looking statements are contained throughout this press release and the Company's Management Discussion & Analysis ("MD&A") including those listed in the "Operating and Financial Risk Management" section of the MD&A. Forward-looking statements are typically identified by words such as "expect", "anticipate", "believe", "foresee", "could", "estimate", "goal", "intend", "plan", "seek", "strive", "will", "may" and "should" and similar expressions, as they relate to the Company and its management. Forward-looking statements are based on information currently available to management and on estimates and assumptions, including assumptions about future economic conditions and courses of action. Examples of material estimates and assumptions and beliefs made by management in preparing such forward looking statements: management's belief in its strategies and its brands and their capacity to generate long-term profitable growth, significant sales growth in RW&Co. both in stores and online, increased market share for both Reitmans and PENN., stability in the current market environment, changes in laws, rules, regulations and global standards, the Company's competitive position in its industry, the Company's ability to keep pace with changing consumer preferences, the absence of public health related restrictions impacting client shopping patterns or incremental direct costs related to health and safety measures, the Company's ability to execute on its capital expenditure plan, including at its distribution centre in Montreal, and the Company's ability to retain and recruit exceptional talent. Numerous risks and uncertainties could cause the Company's actual results to differ materially from those expressed, implied or projected in the forward-looking statements. Please refer to the "Forward-Looking Statements" section of the Company's MD&A for the first quarter of fiscal 2026. This is not an exhaustive list of the factors that may affect the Company's forward-looking statements. Other risks and uncertainties not presently known to the Company or that the Company presently believes are not material could also cause actual results or events to differ materially from those expressed in its forward-looking statements. Additional risks and uncertainties are discussed in the Company's materials filed with the Canadian securities regulatory authorities from time to time. The reader should not place undue reliance on any forward-looking statements included herein. These statements speak only as of the date made and the Company is under no obligation and disavows any intention to update or revise such statements as a result of any event, circumstances or otherwise, except to the extent required under applicable securities law. Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. SOURCE Reitmans (Canada) Ltd View original content:
Cision Canada
3 days ago
- Business
- Cision Canada
Reitmans (Canada) Limited Reports First Quarter Financial Results Français
MONTREAL, June 17, 2025 /CNW/ - Reitmans (Canada) Limited ("RCL" or the "Company") (TSXV: RET) (TSXV: RET -A), one of Canada's leading specialty apparel retailers, today reported its financial results for the first quarter ended May 3, 2025. Unless otherwise indicated, all comparisons are to the first quarter ended May 4, 2024. All dollar amounts are in Canadian currency. Highlights Net revenues decreased 4.1% to $158.9 million, primarily due to severe winter weather in the month of February and economic uncertainty. Comparable sales 1 decreased 4.5%. Gross profit % was down 100 basis points to 55.7%. Adjusted EBITDA 1 was negative $10.6 million. Net loss was $10.0 million, or $0.20 per share. "While our e-commerce revenue grew in Q1, it was not enough to offset lower in-store traffic resulting from near-record snowfall accumulations in some regions during February," said Andrea Limbardi, President and CEO of RCL. "We saw improvement once the weather cleared; however, consumers were more price-conscious amid ongoing economic uncertainty. We proactively moved our merchandise with selective and strategic promotional activity, ending the quarter with healthy inventory levels. However, these actions resulted in a year-over-year gross profit impact. I am pleased with the performance of our Reitmans brand, which performed well in the quarter, responding to customers' concerns over the economy with its hallmark of great styles and quality at accessible price points." "Our disappointing financial results underscore the importance of implementing the five-year strategic plan we announced in April. This strategy is designed to drive long-term profitable growth and ultimately make our business more resilient. As part of our ongoing efforts to optimize our store fleet, we opened three new Reitmans stores, one RW&CO store, and two PENN stores that were relocations during the quarter. Meanwhile, under our strategy to fuel growth with modernization, we moved forward with the first phase of our digital strategic roadmap. Reflecting our commitment to a seamless customer journey across all our touch points, this first phase will include newly designed front-end e-commerce storefronts for all three brands and migrating to Shopify TM. We expect the migration and launch of our enhanced e-commerce offering to be completed this fiscal year." Selected Financial Information (in millions of dollars, except for gross profit % and earnings per share) (unaudited) First quarter 2026 2025 Change Net revenues $158.9 $165.7 (4.1 %) Gross profit $88.5 $93.9 (5.8 %) Gross profit % 55.7 % 56.7 % (100 bps) Selling, general and administrative expenses $99.1 $95.1 4.2 % Net loss ($10.0) ($1.5) n/a Adjusted EBITDA 1 ($10.6) $0.9 n/a Loss per share: Basic ($0.20) ($0.03) n/a Diluted ($0.20) ($0.03) n/a 1 On May 3, 2025, RCL had working capital 1 of $134.8 million, including cash of $85.4 million compared to working capital of $165.7 million, including cash of $158.1 million as at February 1, 2025 and working capital of $153.4 million, including cash of $98.9 million as at May 4, 2024. At the end of the first quarter, RCL had no long-term debt other than lease liabilities and no amounts were drawn under the Company's bank credit facilities. First Quarter Overview Net revenues decreased by 4.1%, to $158.9 million. The decrease was attributable to adverse weather conditions in the month of February and consumers being more price conscious as a result of economic uncertainty. Comparable sales 1 decreased 4.5%, primarily due to lower store traffic and customers migrating to discounted merchandise. Gross profit % decreased by 100 basis points, to 55.7% or $88.5 million, mainly due to a lower proportion of regular priced sales. Adjusted EBITDA 1 was a loss of $10.6 million, largely due to lower gross profit and higher occupancy costs and wages. Net loss was $10.0 million compared to a loss of $1.5 million a year earlier. The Company's complete financial statements including notes, and the Company's MD&A for the first quarter of fiscal 2026 are available online at Normal Course Issuer Bid The Company intends to renew the current NCIB, which expires in August 2025, through the facilities of the TSX Venture Exchange to purchase Non-Voting Shares. The NCIB would continue to be conducted through BMO Nesbitt Burns Inc. and is expected to take place over an additional period of 12 months from August 5, 2025. The extent to which the Company repurchases its shares and the timing of such purchases will depend upon the market conditions and other corporate considerations. The NCIB is subject to regulatory approval. Conference Call The Company will host a conference call on June 18, 2025, at 8:30 am Eastern Time to discuss its first quarter financial results. Interested parties may join the conference call by dialing 1-833-752-3725 or 647-846-8584 approximately 15 minutes prior to the call to secure a line. A live audio webcast of the call will be available at and will be available for replay at this website for 12 months. About Reitmans (Canada) Limited Reitmans (Canada) Limited is one of Canada's leading specialty apparel retailers for women and men, with retail outlets throughout the country. The Company operates 394 stores under three distinct banners consisting of 225 Reitmans, 86 PENN., and 83 RW&CO. For more information, visit For further information, please contact: NON-GAAP Financial Measures & Supplementary Financial Measures This press release makes reference to certain non-GAAP financial measures. These financial measures are not recognized measures under International Financial Reporting Standards ("IFRS") and do not have a standardized meaning prescribed by IFRS. They are therefore unlikely to be comparable to similar measures presented by other companies. Rather, these measures are provided as additional information to complement IFRS measures by providing further understanding of the Company's results of operations from management's perspective. Accordingly, these measures should not be considered in isolation nor as a substitute for the Company's analysis of its financial information reported under IFRS. NON-GAAP Financial Measures This press release discusses the following non-GAAP financial measures: adjusted earnings before interest, taxes, depreciation and amortization ("Adjusted EBITDA") and working capital. This press release also indicates Adjusted EBITDA as a percentage of net revenues and is considered a non -GAAP financial ratio. Net revenues represent the sales of merchandise less discounts and returns ("net sales") and includes shipping fees charged to customers on e-commerce orders. The intent of presenting Adjusted EBITDA is to provide additional useful information to investors and analysts. Adjusted EBITDA is currently defined as net earnings (loss) before depreciation, amortization, net impairment of non-financial assets, interest expense, interest income, income tax expense/recovery, pension windup-related administration costs, and adjusted for the impact of certain items, including a deduction of interest expense and depreciation relating to leases accounted for under IFRS 16, Leases. Management believes that Adjusted EBITDA is an important indicator of the Company's ability to generate liquidity through operating cash flow to fund working capital needs and fund capital expenditures and uses this metric for this purpose. Management believes that Adjusted EBITDA as a percentage of net revenues indicates how much liquidity is generated for each dollar of net revenues. The exclusion of interest income and expenses, other than interest expense related to lease liabilities as explained hereafter, eliminates the impact on earnings derived from non-operational activities. The exclusion of depreciation, amortization and net impairment losses, other than depreciation related to right-of-use assets as explained hereafter, eliminates the non-cash impact, and the exclusion of pension windup-related administrative costs presents the results of the on-going business. Under IFRS 16, Leases, the characteristics of some leases result in lease payments being recognized in net earnings in the period in which the performance or use occurs while other leases are recorded as right-of-use assets with a corresponding lease liability recognized, which results in depreciation of those assets and interest expense from those liabilities. Management is presenting its Adjusted EBITDA to reflect the payments of its store and equipment lease obligations on a consistent basis. As such, the initial add-back of depreciation of right-of-use assets and interest on lease obligations are removed from the calculation of Adjusted EDITDA, as this better reflects the operational cash flow impact of its leases. Working capital is defined as current assets less current liabilities. Management believes that working capital provides information that is helpful to understand the financial condition of the Company. Due to the seasonality of the Company's business, it is more relevant to compare the working capital position at the same point in time. Reconciliation of NON-GAAP Measures Supplementary Financial Measures The Company uses a key performance indicator ("KPI"), comparable sales, to assess store performance and sales growth. The Company engages in an omnichannel approach in connecting with its customers by appealing to their shopping habits through either online or store channels. This approach allows customers to shop online for home delivery or to pick up in store, purchase in any of our store locations or ship to home from another store when the products are unavailable in a particular store. Due to customer cross-channel behaviour, the Company reports a single comparable sales metric, inclusive of store and e-commerce channels. Comparable sales are defined as net sales generated by stores that have been continuously open during both of the periods being compared and include e-commerce net sales. The comparable sales metric compares the same calendar days for each period. Although this KPI is expressed as a ratio, it is a supplementary financial measure that does not have a standardized meaning prescribed by IFRS and may not be comparable to similar measures used by other companies. Management uses comparable sales in evaluating the performance of stores and online net sales and considers it useful in helping to determine what portion of new net sales has come from sales growth and what portion can be attributed to the opening of new stores. Comparable sales is a measure widely used amongst retailers and is considered useful information for both investors and analysts. Comparable sales should not be considered in isolation or used in substitute for measures of performance prepared in accordance with IFRS. Forward-Looking Statements All of the statements contained herein, other than statements of fact that are independently verifiable at the date hereof, are forward-looking statements. Such statements, based as they are on the current expectations of management, inherently involve numerous risks and uncertainties, known and unknown, many of which are beyond the Company's control and are based on several assumptions which give rise to the possibility that actual results could differ materially from the Company's expectations expressed in or implied by such forward-looking statements and that the objectives, plans, strategic priorities and business outlook may not be achieved. Consequently, the Company cannot guarantee that any forward-looking statement will materialize, or if any of them do, what benefits the Company will derive from them. Forward-looking statements are provided in this press release for the purpose of allowing investors and others to get a better understanding of the Company's operating environment and management's expectations and plans as of the date of this press release. However, readers are cautioned that it may not be appropriate to use such forward-looking statements for any other purpose. Forward-looking statements are based upon the Company's current estimates, beliefs and assumptions, which are based on management's perception of historical trends, current conditions and currently expected future developments, as well as other factors it believes, are appropriate in the circumstances. This press release contains forward-looking statements about the Company's objectives, plans, goals, expectations, aspirations, strategies, financial condition, results of operations, cash flows, performance, and prospects, opportunities and legal and regulatory matters. Specific forward-looking statements in this press release include, but are not limited to, statements with respect to the Company's belief in its strategies and its brands and their capacity to generate long-term profitable growth plans to meet certain financial objectives, future liquidity, planned capital expenditures, status and impact of systems implementation, the ability of the Company to successfully implement its strategic initiatives and cost reduction and productivity improvement initiatives as well as the impact of such initiatives. These specific forward-looking statements are contained throughout this press release and the Company's Management Discussion & Analysis ("MD&A") including those listed in the "Operating and Financial Risk Management" section of the MD&A. Forward-looking statements are typically identified by words such as "expect", "anticipate", "believe", "foresee", "could", "estimate", "goal", "intend", "plan", "seek", "strive", "will", "may" and "should" and similar expressions, as they relate to the Company and its management. Forward-looking statements are based on information currently available to management and on estimates and assumptions, including assumptions about future economic conditions and courses of action. Examples of material estimates and assumptions and beliefs made by management in preparing such forward looking statements: management's belief in its strategies and its brands and their capacity to generate long-term profitable growth, significant sales growth in RW&Co. both in stores and online, increased market share for both Reitmans and PENN., stability in the current market environment, changes in laws, rules, regulations and global standards, the Company's competitive position in its industry, the Company's ability to keep pace with changing consumer preferences, the absence of public health related restrictions impacting client shopping patterns or incremental direct costs related to health and safety measures, the Company's ability to execute on its capital expenditure plan, including at its distribution centre in Montreal, and the Company's ability to retain and recruit exceptional talent. Numerous risks and uncertainties could cause the Company's actual results to differ materially from those expressed, implied or projected in the forward-looking statements. Please refer to the "Forward-Looking Statements" section of the Company's MD&A for the first quarter of fiscal 2026. This is not an exhaustive list of the factors that may affect the Company's forward-looking statements. Other risks and uncertainties not presently known to the Company or that the Company presently believes are not material could also cause actual results or events to differ materially from those expressed in its forward-looking statements. Additional risks and uncertainties are discussed in the Company's materials filed with the Canadian securities regulatory authorities from time to time. The reader should not place undue reliance on any forward-looking statements included herein. These statements speak only as of the date made and the Company is under no obligation and disavows any intention to update or revise such statements as a result of any event, circumstances or otherwise, except to the extent required under applicable securities law. Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. SOURCE Reitmans (Canada) Ltd
Yahoo
4 days ago
- Lifestyle
- Yahoo
The ultimate dress guide: 25 best Canadian styles for women over 40
Finding the perfect dress in your 40s (and beyond) can feel like a balancing act between trying to achieve style and maintaining comfort and coverage. But it doesn't have to be overwhelming. Whether you're looking for a budget-friendly find, something special for an upcoming event or a new casual go-to, we've got you. Many Canadian brands have plenty of stylish, age-inclusive (and size-inclusive!) options that don't sacrifice comfort or confidence. Think your favourite retailers like Reitmans, RW&CO, Simons, Aritzia, Suzy Shier and more. From the best under-$50 frock to the perfect mother-of-the-bride pick, we've rounded up the top dresses for women over 40 — all from brands you'll feel proud to support. Keep scrolling to dive into our ultimate guide to figure-flattering, feel-good pieces for every body and budget. In this guide: Best dresses for coverage & confidence | Best dresses on a budget | Best dresses for occasions | Best dresses for travel | Best casual dressesMore like this: 9 figure-flattering dresses from Reitmans perfect for women over 40 15 summer-ready dresses from Canadian brand RW&CO 24 incredibly chic summer dresses from Canadian brands
Yahoo
4 days ago
- Lifestyle
- Yahoo
The ultimate dress guide: 25 best Canadian styles for women over 40
Finding the perfect dress in your 40s (and beyond) can feel like a balancing act between trying to achieve style and maintaining comfort and coverage. But it doesn't have to be overwhelming. Whether you're looking for a budget-friendly find, something special for an upcoming event or a new casual go-to, we've got you. Many Canadian brands have plenty of stylish, age-inclusive (and size-inclusive!) options that don't sacrifice comfort or confidence. Think your favourite retailers like Reitmans, RW&CO, Simons, Aritzia, Suzy Shier and more. From the best under-$50 frock to the perfect mother-of-the-bride pick, we've rounded up the top dresses for women over 40 — all from brands you'll feel proud to support. Keep scrolling to dive into our ultimate guide to figure-flattering, feel-good pieces for every body and budget. In this guide: Best dresses for coverage & confidence | Best dresses on a budget | Best dresses for occasions | Best dresses for travel | Best casual dressesWhat's more flattering than a dress with a cinchable waist? This flowy midi boasts a silky finish and an adjustable drawstring that lets you define your shape for a confident fit. This bright blue frock will make getting dressed feel effortless. This midi dress has a very flattering fit-and-flare silhouette with short flutter sleeves and a mock neckline. So, if you're looking for coverage in multiple places, this chic number is a great staple to add to your closet. It can easily go from day to night. More than 100 Simons shoppers have this dress in their carts, and for a good reason. It's a simple yet timeless unlined dress with a ribbon belt that can be tied to the side for a wrap-style look (perfect for camouflaging midsections, too!). This chiffon midi dress is super flattering, especially if you want a little extra coverage on your arms. It has a built-in flowy cape that will drape over your shoulders, allowing you to keep covered without feeling too bulky. This classic dress is made from soft and stretchy crepe jersey and features a wrap-style skirt that ties at the waist to define your shape. The batwing sleeves offer some coverage for arms, and the above-the-knee length hits the perfect spot. It's polished and super easy to wear. This shift dress delivers a flattering fit with a cinched waist. It has long sleeves, a buttoned upper and embroidered details, making it perfect for casual wear. This 100 per cent cotton midi dress is as easy as summer dressing gets. It has a relaxed fit and airy feel, perfect for hot days. And the V-neck is perfect for showing off your necklace stack. You can dress it up with wedges or keep it casual with your favourite sneakers. This sleeveless, pleated maxi dress is the perfect versatile piece missing from your collection (and under $40!). You can wear this to work, on a night out or for a casual outing. It's comfy, made from stretch pleated jersey material, and it can be cinched at the waist if you want to emphasize the waist. I personally love shift dresses and find they do a great job hiding any insecurities (especially the tummy area!). This one is simple, chic and totally versatile. That V-neckline adds some dimension, and the short sleeves provide some extra arm coverage without being overly stifling. This button-up tank dress is an easy winner for summer. It's made from a comfy cotton-viscose twill, featuring bust darts for a flattering fit and a breezy midi length that's ideal for warm days. This pretty pleated midi is perfect for dressing up but looking effortless. It's made from flowy printed chiffon with puff sleeves, a tie waist and an uneven hem. The shape is super flattering — perfect for a breezy summer night. Have a summer wedding to attend? This fit-and-flare mini is an elegant choice. It's fully lined and features a flattering crew neckline to keep things modest, and short flutter sleeves for extra arm coverage. Looking for a polished pick? This elevated midi dress has a sleek knit crepe top with a floral mesh skirt for a flattering look. The ruched neckline adds some sophistication, while the illusion hem keeps things light and summery. It's great for everything from graduations to garden parties. Want to spice things up a bit? This one-shoulder maxi dress is the move. It has a chic asymmetrical neckline and flattering elastic waistband — perfect for summer parties or date nights. This chiffon dress features romantic ruffled details and a flattering fit-and-flare shape. It's light and breezy, making it a safe yet chic option for warm summer weddings or events. More like this: 9 figure-flattering dresses from Reitmans perfect for women over 40 15 summer-ready dresses from Canadian brand RW&CO 24 incredibly chic summer dresses from Canadian brands This breezy maxi is made from 100 per cent organic cotton broderie anglaise and features a flattering crossover front. It's simultaneously comfy and fashionable — plus, it has pockets. This sleeveless number is simple, elegant and easy to wear — talk about effortless style. It features a crew neckline and a shift silhouette, making it the kind of piece that works for every day of the week. It's lightweight and versatile, making it an easy go-to when travelling. This light, breezy, chic dress is a warm-weather must-have, thanks to its airy silhouette. It comes with a braided belt that you can cinch at the waist — but you can also remove it if it's not your style. To me, this dress gives off major vacation energy. It's made from breathable washed linen and features an A-line silhouette. It's flowy, comfortable and makes a great throw-on piece with a pair of sandals. Doesn't this dress give off major vacation vibes? Its A-line silhouette, asymmetric tiered design and bold leaf print are perfect for warm-weather getaways. The lightweight fabric will keep you cool, and the side slit adds some movement. This maxi dress is great for throwing on after the beach, on pool days or heading to your local farmer's market. It's made from slightly crinkled 100 per cent cotton gauze, and its flared fit and tiered ruffles add style without even trying. If you love the look of denim but want something lighter, this shift dress will instantly become a summer essential. It's breathable, stretchy and gives off a casual-cool vibe. This linen-blend button-down is the kind of dress you'll be reaching for all summer long. Its breezy material, handy pockets and removable waist tie make it comfortable and casual. Wear it to patio lunches, work and everything in between. This utility-style dress is made from crisp, non-stretch poplin and features a shirt collar and button-down front for a casual look. It also has a self-tie that allows you to cinch the waist and change up the silhouette. This dress boasts a flattering cap sleeve and V-neckline, and it's the ideal throw-on-and-go piece. Unlined, soft and breathable, it's great for staying cool on those extra hot days. The mid-thigh length keeps things casual — perfect for running errands or grabbing lunch.
