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.

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Reitmans Ord Shs > 2022 Canadian Clothing stores sales are VERY good so far

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Comment by Mephistopheles3on Aug 30, 2022 9:17am

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RE:RE:RE:RE:RE:RE:2022 Canadian Clothing stores sales are VERY good so far

Yes and no. I would make the argument that since they are literally half the size they were just a few years ago with the massive store shutdown and with the move to a more hybrid workplace, they don't need that much square footage.

They can sell the property to unlock the value here and relocate head office to a smaller location - office space is cheap these days. It's the industrial warehouse space that they own that is gold and is worth more than the company right now.

We've had some good price movement in the last few weeks, so will be interesting to see how the results play out next quarter.

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