Reitmans Ord Shs V.RET.A

Primary Symbol: V.RET Alternate Symbol(s): RTMNF | RTMAF

Consumer Cyclical

Reitmans (Canada) Limited is a Canada-based women's specialty apparel retailer with retail outlets throughout Canada. The principal business activity of the Company is the sale of women’s wear. The Company operates through the sale of women’s specialty apparel to consumers through its retail banners. The Company operates under three banners: Reitmans, Penningtons and RW&CO. Reitmans is a specialty fashion destination. Reitmans has an online presence and store locations across the country. Penningtons is a destination for plus-sized fashion, ranging from sizes 14 to 32. Penningtons operates stores across Canada. RW&CO. operates stores in shopping malls, as well as on their e-commerce site. RW&CO. specializes in menswear and womenswear, the brand delivers versatile, well-crafted collections and brand experiences. The Company operates 406 stores consisting of 235 Reitmans, 91 Penningtons and 80 RW&CO.

TSXV:RET - Post by User

Reitmans Ord Shs > Operating Margins with Self Checkout

<< Previous

Bullboard Posts

Next >>

Post by TheCount11on Jun 08, 2023 11:11am

130 Views

Post# 35486488

Operating Margins with Self Checkout

Canadians are slowly becoming comfortable with Self Checkout.
Zara is currently rolling out self checkout with security features. This will lower their operating costs (labour and shrinkage). Sooner or later Reitmans will take the plunge. This will make their store network even more profitable than e-commerce as Reitmans currently has free shipping and returns. Zara does not offer free return shipping.

Zara is also selling used clothing. Preowned test markets are Spain, Germany and France.

Zara had an amazing Q1 with sales up 13% and net income up a staggering 54%.
Sales are up 16% from May 1st to June 4th!

<< Previous

Bullboard Posts

Next >>

Yukon agency detects cyanide near Victoria Gold's Eagle mine