RE:Artizia The Perfect Valuator of Reitmans...$33.50 /shareAritzia is a growth story. They are slowly expanding the number of stores in the US. Reitmans is a value story. Growth is limited because of its clientele are older. Much Ooder population don't purchase as much clothing as a much younger population.
Below is a quote from Domville Kent analysis. Note Aritzia was growing in sales from 857 M in 2021 to 1,495 M in 2022. That is a growth of 75%. I don't believe Reitmans is growing that fast. Their quick rise in stock price in the last 6 months is due to their low P/E or intrinsic worth (cash + property + cash flow x multiple). Reitmans 10 years ago had greater sales than it has today. They were try to grow the number of stores, but had to close those stores in the last 3-5 years. It's a value story not a growth story.
- Reitmans has now completed their store rationalizations and plan on growing the Penningtons banner by 10 stores, representing roughly 3% growth in Reitmans overall square footage.
https://seekingalpha.com/article/4576236-reitmans-stock-poised-for-a-massive-re-rating-in-2023