Company Interview Excerpt JEREMY REITMAN - REITMANS (CANADA) LTD (RET:TSX) Full article published: 8/9/2004     For Subscribers Get this article online now! Order just this article Get Financial Filings and Annual Reports for Companies featured on TWST from EasyReports.net TWST: Give us a brief history of Reitman and an overview of your company's operations. Mr. Reitman: The company was founded in 1926 as a ladies apparel retailer. It was a family business, by four brothers, my father, Jack Reitman, being the youngest of four brothers. It started as a family business in the ladies wear retail business and grew through internal growth over the years. The company went public on the Montreal exchange in 1948 and has been public since that date. Today we trade on the Toronto Stock Exchange, where we have been listed since 1965. And the company is growing; today we are operating approximately 50 stores in six distinct divisions throughout Canada. TWST: What is the range of merchandise? Mr. Reitman: First of all, perhaps I should describe the different divisions, the first being stores called Reitmans, which consists of approximately 350 stores. It's basically popular price ladies apparel stores averaging 4,100 square feet with a large assortment of fashion and accessories for the woman of today. The second group of stores we call Smart Set, which is comprised of 162 stores throughout Canada. They average 2,000 square feet, offering fashion to junior customers 15 to 30 years old, again popular price clothing and accessories. The third group is a smaller chain called RW & Co., which is 40% men's and 60% women's, comprised of lifestyle, junior, sportswear, city wear and accessories. We have 66 Thyme Maternity stores. Thyme is Canada's largest specialty retailer of maternity wear, averaging about 2,000 square feet at popular to moderate price points. We have Penningtons, which is a plus-size store in basically the strip and power centers. They average 6,200 square feet for plus-size women. And then we have Addition-Elle, which comprises about 175 stores in both malls and non-malls, again somewhat higher price points than the off mall stores. Tickers included in this excerpt: RET:TSX Have TWST notes emailed to you free: Email address: For more information call (212) 952 7400. The Wall Street Transcript does not endorse any of the comments made by interviewees, and does not make stock recommendations.

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