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Reitmans Ord Shs V.RET

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

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.


TSXV:RET - Post by User

Bullboard Posts
Post by XXX28XXXon Dec 16, 2019 3:32pm
194 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