Reitmans

From Wikipedia, the free encyclopedia
Jump to: navigation, search
Reitmans Ltd.
Public
Traded as TSXRET
Industry Women's Clothing Stores
Founded Montreal, Quebec, Canada (1926)
Founders Herman Reitman
Sarah Reitman
Headquarters Montreal, Quebec, Canada
Key people
Jeremy H. Reitman, Stephen F. Reitman
Number of employees
10,000 (2010)[1]
Website www.reitmanscanadalimited.com

Reitmans Ltd. is a Canadian retailing company, specializing in women's clothing. It was founded in 1926 by Herman and Sarah Reitman, in Montreal, Quebec, Canada. The immediate success of the first store on Saint Lawrence Boulevard (boulevard Saint-Laurent) prompted the Reitmans to open a second store which sold exclusively women's clothing.

At the end of November 2016, Reitmans operated 685 stores organized into six operating chains: Reitmans ), R.W. & Company ), Thyme Maternity ), Penningtons , Hyba ) and Addition-Elle. The company operates stores in every province and two of three territories in Canada.[2] For the fiscal year of 2015, net earnings were $13,415,000 on sales of $939,376,000. (See Annual Report and filings on the TSX)

Motto[edit]

Reitmans' motto is "Fits your beautiful", changed from Designed for real life. In fall 2004, Reitmans used this slogan to advertise, saying: "Life is a catwalk. Have fun with it!".[3]

Officers[edit]

Jeremy Reitman currently serves as Chairman of the Board and Chief Executive Officer, Stephen Reitman as President, Walter Lamothe as President, Retail & Chief Operating Officer, Eric Williams as Vice-President, Finance and Chief Financial Officer, Allen Rubin as Vice President Operations and Isabelle Oliva as Vice President Human Resources.

Reitmans divisions[edit]

Reitmans operates 750 stores organized into 5 operating chains aimed at different market segments.[4]

Reitmans is Canada's largest women's clothing specialty chain. There are 364 Reitmans stores, with stores in all ten provinces and two of Canada's three territories.

RW&CO. caters to men and women aged 25 to 40. It is the only chain in the Reitmans group that caters to both women and men. There are 67 RW & Co stores, with stores located in every province except Prince Edward Island.

Penningtons caters to plus sized women. The chain offers career, casual clothing, underwear and accessories. There are 161 Penningtons stores, with stores located in all ten provinces.

Thyme Maternity caters to pregnant women. There are 75 Thyme Maternity stores, with stores in every province except Newfoundland and Prince Edward Island.

Addition Elle is for plus sized women.

References[edit]

  1. ^ a b "Company Profile for Reitmans Canada Limited (CA;RET.A)". Retrieved 2008-10-09. 
  2. ^ Reitmans 2015 Annual Report
  3. ^ http://www.reitmans.com-pdf-Flyer_E.PDF
  4. ^ Numbers of stores in and locations for stores in each chain taken from the Reitmans 2011 Annual Report and are current to January 29, 2011.

External links[edit]