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.

TSXV:RET - Post by User

Reitmans Ord Shs > Aritizia - Q1 earnings out and surpassed expecatations

<< Previous

Bullboard Posts

Next >>

Post by Mephistopheles3on Jul 08, 2022 10:15am

164 Views

Post# 34810786

Aritizia - Q1 earnings out and surpassed expecatations

While different than RET, ATZ was the first retailer so far to release earnings (covering 3 months until May 29, 2022) and surpassed analyst expectations (as did Levi's yesterday).

While much of the growth is coming from the US, the CDN sales were quite strong as well. ATZ serves a different segment vs. RET, but the stocks are quite correlated in the consumer discretionary segment.

Hoping this is a good sign for RET - we got a good jump yesterday, but no trades so far this morning. We don't need a blow out quarter, just a decent one given current market cap. of company.

<< Previous

Bullboard Posts

Next >>

The top 10 artificial intelligence penny stocks