Reitmans Ord Shs V.RET

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

Consumer Cyclical Apparel Stores

Reitmans (Canada) Limited is a Canada-based specialty apparel retailer for women and men, with retail outlets throughout the country. The principal business activity of the Company is the sale of women’s wear. The Company operates three different brands: Reitmans, Penningtons and RW&CO. The Reitmans banner is a specialty fashion destination. The Reitmans has an online presence and store locations across the country. Penningtons is a destination for plus-size fashion, ranging from sizes 14 to 32. Penningtons operates stores across Canada, as well as an ecommerce site at penningtons.com. RW&CO. operates stores averaging 4,500 square feet in premium locations in shopping malls, as well as on their e-commerce site. Specializing in menswear and womenswear, the brand delivers versatile, well-crafted collections and brand experiences. It operates approximately 391 stores under three distinct banners consisting of 226 Reitmans, 85 Pennington, and 80 RW&CO.

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Reitmans Ord Shs

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Post by modulexon Nov 19, 2018 9:12am

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Post# 28993287

R E I T M A N S

in reference to the 2.3 million RET.A shares Scotiabank's cross-trade, i am unaware of the parties identities, but the buyer is certainly aware or has strong forecasts of some developments to happen with the company on a short-term horizon, for having invested approximately $9M. Hoping that a takeover will happen soon in 2019. The stock has been dead money for too many years and is unable to achieve growth. Only option is a sale.

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