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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

Comment by Mephistopheles3on May 18, 2022 5:35am
54 Views
Post# 34691428

RE:RE:RE:RET vs RET.A

RE:RE:RE:RET vs RET.ACanada Goose is reporting earnings later this week so that's one to look out for.  RET and GOOS track pretty closely together.

I believe Q1 will be a softer quarter with a strong USD, inflation costs which will hit wages & transportation costs..  but I have a hard time forecasting demand. I also believe Q1 is the last quarter where you will see the government grants for Covid.  There will be approx. a $2 million charge for the issuing of the options, but that's a non-cash expense.

I was downtown Montreal yesterday and it was actually pretty busy with lots of office employees walking around and women dressed up professionally which is kind of RET's core market.  My local malls are quite busy as the pandemic is essentially over and everyone is getting ready for summer.  So might be blue skies ahead.


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