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Reitmans (Canada) Limited Announces Year-End Results


Nnejad
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The reults were bad. Only reason they had positive EPS for the year is because of there investment income of $27.8 million. Inventroy was up 17% and sales were down 10%. On a per square foot basis, inventory was up 22%, not good.

 

One good thing was the fact that management has identified $6 million in cost savings, hgher than their estimate of $ 3 miilion.

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