| Type | Public |
|---|---|
| Industry | Women's Clothing Stores |
| Headquarters | Montreal, Quebec, Canada |
| Key people | Jeremy H. Reitman and Stephen F. Reitman |
| Employees | 10,000 (2010)[1] |
| Website | www.reitmans.ca |
Reitmans (Canada) Limited (TSX: RET) is a Canadian retailing company, specializing in women's apparel, that 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 January, 2011, Reitmans operated 968 stores organized into seven operating chains: Reitmans (364 stores), Smart Set (158 stores), RW & Co (67 stores), Thyme Maternity (75 stores), Cassis (22 stores), Penningtons (161 stores) and Addition-Elle (121 stores). The company operates stores in every province and territory in Canada.[2]
For the fiscal year ended January 29, 2011, net earnings were $87,021,000 on sales of $1,070,277,000(See Annual Report and filings on the TSX)
Jeremy Reitman currently serves as Chairman of the Board and Chief Executive Officer, Stephen Reitman as President and Chief Operating Officer, Pierre Lavallée as Executive Vice-President,Henry Fiederer as Senior Vice-predident of the Corporation, and President of the Reitman Division, 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' motto is Designed for real life. In fall 2004, Reitmans used this slogan to advertise, saying: "Life is a catwalk. Have fun with it!". [1]
Reitmans operates 968 stores orgainized into seven operating chains aimed at different market segments.[3]
Reitmans is Canada's largest women's apparel specialty chain. The chain offers apparel in women's regular, plus and petite sizes. The company describes the chain as offering "affordable, stylish fashions designed to fit everybody and every body". There are 364 Reitmans stores, with stores in all ten provinces and two of Canada's three territories.
Smart Set caters to women aged 25 to 35. The chain offers a range of styles from workwear to activewear to casual clothing. There are 158 Smart Set stores, with stores in all ten provinces.
RW & CO. caters to ladies and men aged 18 to 30. 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 and Saskatchewan.
Penningtons caters to larger women. The chain offers customers a range of career, casual and intimate apparel 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, like Penningtons, caters to larger women. The chain offers a range of classic and contemporary styles. There are 121 Addition Elle stores, with stores located in all ten provinces except Prince Edward Island.
Cassis, the newest banner in the Reitmans group, caters to the 40-something woman, and offers both urban casual and career clothing. There are 22 Cassis stores, with stores located in Alberta, Ontario, Quebec and New Brunswick.
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