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.

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Reitmans Ord Shs > Fed pivots to job losses

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Comment by TheCount11on Jan 18, 2024 9:55am

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Post# 35833367

RE:Fed pivots to job losses

I don't know. That's above my paygrade.

All I know is a lot of us were playing macro defence. Expectations were a bad Q4 for Aritzia. I am guilty of that. Stock traded down to $20 on macro fears. The great investors saw an inflection coming and started buying. Great management triumphed with positive Q4 guide. Investors driving by looking in rearview mirror got whiplash wondering what the hell happened as stock rocketed up over 50%.

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