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Reitmans Ord Shs V.RET

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

Bullboard Posts
Post by XXX28XXXon Dec 16, 2019 3:32pm
189 Views
Post# 30460488

NET Reduction of 37 stores

NET Reduction of 37 storesinvestors are forgetting the reduction is stores is going to affect the sales volume....online sales are growing very nicely

overall the results aren't that bad really....after the tax loss selling from the knee jerk reation to the results (very few investors actually looked at the results logically) will be over soon and the next quarter will be much better....

the price is now so cheap at double digits that the management/owners must be very tempted to just take it PRIVATE.....

they will do a buyback program to pick up as many cheap shares as they can and once that is done just offer a premium for the remaining smaller float .....just makes sense
Bullboard Posts