Reitmans Ord Shs V.RET

Alternate Symbol(s): RTMAF | V.RET.A | 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.

TSXV:RET - Post by User

Reitmans Ord Shs > Q1 ,,,

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Comment by winnerswingon Jun 22, 2022 3:53pm

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Post# 34775061

RE:RE:Q1 ,,,

This will probably drop below 1$. Yes Q1 is better in terms of revs compared to Q1's of couples of previous yrs, and it is pretty decent compared to net losses of Q1's of the previous years (weakest QTR due to season?). But let's not forget that it comes out of bankruptcy and it has to be profitable in order to generate confidence from shareholders.

i am not pleased because I was expecting a good profit, but on the other hand there are good things that happened like described above, so I think it should be interesting in the next fews weeks/months.

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