Reitmans and RW&CO flagships at CF Carrefour Laval and CF Toronto Eaton Centre posted double-digit sales growth as RCL invests in larger, more productive stores.
Net earnings were $10.1 million ($0.20 basic and diluted earnings per share) as compared with net earnings of $13.1 million ($0.26 basic and diluted earnings per share) a year earlier.
In late April, Reitmans said it will unveil a new retail concept at Carrefour Laval, located approximately 20 kilometres from Montreal's downtown core.