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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Comment by Northforce13on May 04, 2020 3:11pm

107 Views

Post# 30984832

RE:RE:It aint over till the fat lady sings.

... you can't pay out all the cash from a company and then file for bankruptcy, that's called fraud

Their accounts payable and pension liabilities are 50 mil greater than their cash on hand

Then they have lease liabilities, long term leases for their stores who's rent they have to pay

Their inventory level as a proportion to sales has increased

So yes, it appears to be le chateau all over again

That plus the government of Quebec is completely destroying the economy.

Reitmans and countless other companies are all going bankrupt.

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