Reitmans (Canada) Limited announces the appointment of Pierre Lavallée asExecutive Vice-President

MONTREAL, Dec. 14 /CNW Telbec/ - Prior to joining Reitmans, Mr. Lavallée was a Senior Partner at Bain & Company, a leading global business consulting firm. He led the Canadian retail practice and worked with a number of North American retail clients on strategy, operations, and mergers and acquisitions. In more than 18 years at Bain, he worked with clients in a number of other sectors including consumer products, health care, telecom, media and technology and private equity. He was also the Managing Partner of Bain & Company Canada from 2001 to 2004. Prior to Bain, Mr. Lavallée was a Trade Commissioner for five years, including a posting at the Canadian Embassy in Japan.

Reitmans (Canada) Limited is Canada's largest ladies apparel retailer, operating 981 stores throughout Canada. Its shares are traded on the Toronto Stock Exchange under the ticker symbols RET-A and RET.

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.

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