Reitmans Canada reports Q1 decline amidst challenging conditions

Canadian apparel retailer Reitmans Canada Limited (RCL) announced a challenging first quarter for the period ended May 3, 2025. The company reported a 4.1 percent decrease in net revenues, to 158.9 million Canadian dollars, coupled with a net loss of 10 million Canadian dollars, or 0.20 Canadian dollars per share, significantly wider than the 1.5 million loss reported a year prior. Comparable sales also saw a 4.5 percent decline.