More per store1) Closed unprofitable stores which flowed to the bottom line.
2) Renegotiated leases means that the company has a few years runway with lower occupancy costs.
3) RW&CO., Reitmans most successful banner, is offering the Thyme Maternity label this Fall. This will generate more foot traffic and higher sales per sq ft.
In 2008 there were 73 Thyme Maternity vs 54 RW & Co. stores. All Reitmans Banner store counts were decreasing EXPECT RW & Co. which grew.
RCL Marketplace is supposed to launch this fall.
This gives the company a couple of shots on goal. Nice if they can put a couple of points on the scoreboard!