Reitmans shutters HYBA

Article Excerpt

REITMANS (CANADA) LTD. $4.05 (Toronto symbol RET.A; TSINetwork Rating: Extra Risk) (514-384-1140;; Shares outstanding: 63.3 million; Market cap: $255.8 million; Dividend yield: 4.9%) owns women’s clothing stores across Canada. The company now plans to close all of its 17 HYBA locations by the end of its current fiscal year, February 2, 2019. With its own label, the chain specializes in activewear, including gym, running and yoga apparel. Reitmans will continue to offer HYBA-branded products across Canada through its 270 Reitmans store locations. The company will also feature that merchandise for sale on all of its e-commerce websites. Sales through HYBA’s retail stores represented less than 2% of the company’s total annual sales. Reitmans is a hold. hold…

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