RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:They know when to pick a dateReitmans right now is a goldmine. Way back in 2008 there were 373 Reitmans, 163 Penningtons and 54 RW&CO. Now there is 237 Reitmans, 90 Penningtons and 77 RW&CO.
Leases a little over 2M sq ft with evenue per sq ft is a healthy $331. Consolidation means more foot traffic per store. Less stores means less places to get stockouts and logistics get a lot easier.
Now its time to get senior management the stores interacting with staff and customers. As far as apparel goes women over 50 are an amazing demographic. They know what they like so less chances of blowing it with a spring collection that no one buys.
Right now its primarily Reitmans that is overly promotional this spring however if their competitors start chasing growth for growth’s sake apparel will overextended beyond saturation points; Incremental revenues became detrimental revenues. Omnichannel retail can't survive on gross margins less than 50%.