E-commerce Revenue Growth
Achieved a 1% increase in e-commerce revenue, indicating strength in online sales despite a challenging environment.
Strategic Store Openings
Opened 6 new stores, including new Reitmans, RW&CO, and PENN locations, with positive performance observed in new openings.
Digital Modernization Initiatives
Commenced the first phase of a digital strategic road map, including migration to Shopify, aiming for enhanced customer experiences.
No Long-Term Debt
Maintained a solid financial position with no long-term debt, apart from lease liabilities.
Normal-Course Issuer Bid Renewal
Announced the intention to renew the normal-course issuer bid, returning $800,000 to shareholders since the previous bid.