Reitmans Ord Shs V.RET

Alternate Symbol(s): RTMAF | RTMNF | 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 > 2022 Canadian Clothing stores sales are VERY good so far

<< Previous

Bullboard Posts

Next >>

Post by NicolasRon Aug 19, 2022 2:25pm

185 Views

Post# 34908020

2022 Canadian Clothing stores sales are VERY good so far

June retail data from StatCan are out. Canadian clothing stores had their best month of june over the past 5 years. It was already the case in february, march, april and may. So far, 2022 is a record year for the industry.

It explains why Reitmans first quarter operating results were "the strongest in the last nine comparable quarters" as indicated in the last financial results news release.

Disclosure: I am long Reitmans stock.

Monthly Clothing Stores Sales in Canada 2018-2022
Source: Add/Remove data - Retail trade sales by province and territory (statcan.gc.ca)

<< Previous

Bullboard Posts

Next >>

FLYHT and WestJet partner on weather forecasting