Reitmans Ord Shs V.RET

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

Consumer Cyclical

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 > Pre market

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Comment by TheCount11on Apr 25, 2022 12:57pm

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Post# 34629422

RE:RE:Pre market

Welcome aboard! Agreed that management needs to stay focused to create value and not light money on fire.

As at January 29, 2022, the Company operated 404 stores consisting of 237 Reitmans, 90

Penningtons and 77 RW&CO. Reitmans now leases a little over 2M sq ft. Revenue per sq ft is a healthy $331. Reitmans customers like going shopping and know the brand.

IMO free cash flow will likely be a little lower as there was some delayed cap ex. As store footprint gets smaller there is less cap ex required per dollar of revenue and logistics become easier.

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