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 > Un gros secret (La Presse)

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Comment by TheCount11on Feb 05, 2024 8:01am

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Post# 35862546

RE:RE:RE:Un gros secret (La Presse)

I thought that was a breath of fresh air. Nice to see that management is aware that stores need to be renovated and refreshed. Last year $11M was spent on CapEx while PPE depreciation was $12M.

If an investor is a long term stock holder a NCIB is fine. This gives management a lot of flexibility. CapEx will be needed as competitors like Zara, Uniglo, etc rollout intergrated RFID technology.

A SIB will be great soon but right now RET needs to ensure that it stays competitive and profitable.

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