Reitmans (Canada) Limited Announces New Strategic Partnership
MONTREAL, June 20, 2012 /CNW Telbec/ - Reitmans (Canada) Limited (TSX: RET RET.A) today announced a partnership with Babies"R"Us® to provide Thyme Maternity apparel and accessories in the U.S. Thyme Maternity products are expected to be made available in approximately 160 U.S. Babies"R"Us stores later this year. Thyme Maternity is Canada's leading retailer of maternity apparel operating 74 stores in Canada as well as Thyme Maternity departments in 18 Babies"R"Us stores in Canada. Reitmans (Canada) Limited is Canada's largest ladies apparel retailer, operating 925 stores in Canada, under the Reitmans, Smart Set, RW & CO., Thyme Maternity, Penningtons and Addition Elle banners.
All of the statements contained herein, other than statements of fact that are independently verifiable at the date hereof, are forward-looking statements. Such statements, based as they are on the current expectations of management, inherently involve numerous risks and uncertainties, known and unknown, many of which are beyond the Company's control. Such risks include but are not limited to: the impact of general economic conditions, general conditions in the retail industry, seasonality, weather and other risks included in public filings of the Company. Consequently, actual future results may differ materially from the anticipated results expressed in forward-looking statements. The reader should not place undue reliance on the forward-looking statements included herein. These statements speak only as of the date made and the Company is under no obligation and disavows any intention to update or revise such statements as a result of any event, circumstances or otherwise, except to the extent required under applicable securities law.
For further information:
Jeremy H. Reitman
Chairman and Chief Executive Officer
Telephone: (514) 385-2630