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Reitmans Ord Shs V.RET.A


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

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

Post by Uthr80on Dec 13, 2023 3:30pm
146 Views
Post# 35782929

Management

Management I suspect the new CEO will try to establish her own legitimacy by taking several shareholder-friendly actions. Let us also remember that two thirds of Sherlex are held by non-management branches of the Reitmans family. That means the controlling shareholder is likely aligned with general shareholder interests. I also support the Donneville Kent plan to create one class, though I believe the premium for voting shares should be higher (maybe 75%) as it would essentially garantee that in future we will have professional management and not family management as was the case until recently, which appears to me to be the reason that Reitmans has twice as many SG&A people as some larger and more diversified American comparables. In relation to tomorrow, I don't expect this to be a good quarter (the FX effect that crushed last quarter's comparables should not as pronounced but the general winter which we entered this summer is likely to weight on results).
$3 per share though is still fantastically cheap especially if they do a conversion
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