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 > Macy's - surpasses earnings & boosts forecast

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Comment by TheCount11on May 26, 2022 11:07am

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Post# 34709092

RE:Macy's - surpasses earnings & boosts forecast

The consumer is alive and well.

A little closer to home TD projects Roots DTC Q1 revenues increasing 13.4% year over year while maintaining gross margins over 57% which means they expect DTC GM to be over 60%. Q1 is typically 11% of revenues.

Reitmans Pre Covid 2017 to 2019 did around 55% gross margins in Q1. Q1 was typically 22% of revenues.

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Cannara reports record growth and profitability in Q4 2023