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 > Random number generator came up with 3.1%

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Post by TheCount11on May 31, 2023 10:31am

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Post# 35472361

Random number generator came up with 3.1%

https://www.bnnbloomberg.ca/bank-of-canada-more-likely-to-raise-rates-after-hotter-than-expected-gdp-report-economists-1.1927026

Hahaha turns out experts have no clue whats going on. Interest rates SHOULD have been higher in Q1. Another policy error on BoC part. OSFI should be ENFORCING prudent lending standards - no negative amortization.

Every rate increase adds to the Bank Reitmans while discouraging new competitors, hurting existing competitors with debt and allows PENN physical store expansion great lease rates / locations.

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This company starts production at what could be Canada’s next great gold mine