Reitmans (Canada) Limited (TSE:RET) has released an update.
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Reitmans (Canada) Limited, a leading Canadian specialty apparel retailer, has announced mixed financial results for the fourth quarter and full fiscal year of 2024, with net revenues reaching $221.0 million and $794.7 million respectively. Despite a challenging retail environment marked by high inflation and interest rates, the company reported stable operating results, with net earnings of $14.8 million for the year. Moving forward, RCL is focusing on growth through modernization efforts, including digital enhancements and distribution improvements, to deliver value to shareholders.
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