Reitmans Ord Shs V.RET.A

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

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.

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Reitmans Ord Shs > Définetly

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Comment by TheCount11on Jul 14, 2023 2:44pm

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Post# 35541738

RE:RE:RE:RE:RE:RE:Définetly

Many investors don't realize it but Reitmans is very very special.

All the pieces are in place for the new CEO.

1) Economy: As we saw from latest Aritzia quarter Canadian consumers are pulling back and trading down a bit.

2) High interest rates: Reitmans has no debt and a lot of cash.

3) Tagless RFID is a thing. This is an end to end solution. Imagine a labour shortage. Its the holiday season and a new employee was asked to prepare an online ship from store order. Can't find that size on rack. Is the item in a box at back of store that hasn't been unpacked yet? Was it stolen?

4) Brands. Customers know and love the brands.

5) Plus size. PENN stores done properly could easily be a $500M business.

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