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Reitmans Limitee, a Canadian ladies’s specialty attire retailer, has posted 11.zero per cent gross sales decline to $163.four million (Canadian dollars) in its third quarter (Q3) for FY21 ended on October 31, 2020 in comparison with gross sales of $183.6 million in similar interval final yr. Firm incurred a web loss throughout the quarter to $14.5 million (Q3 FY20: $23.zero million).
Gross sales throughout the quarter decreased attributable to a web discount of 35 shops, in addition to retailer site visitors developments in Q3 FY21 that had been under pre-pandemic ranges, partially offset by a rise in e-commerce gross sales.
Gross revenue was right down to $81.5 million ($96.7 million), whereas promoting and distribution bills slipped to $78.four million ($89.9 million).
Fibre2Fashion Information Desk (JL)
Reitmans Limitee, a Canadian ladies’s specialty attire retailer, has posted 11.zero per cent gross sales decline to $163.four million (Canadian dollars) in its third quarter (Q3) for FY21 ended on October 31, 2020 in comparison with gross sales of $183.6 million in similar interval final yr. Firm incurred a web loss throughout the quarter to $14.5 million (Q3 FY20: $23.zero million).
