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 > Reitman during the last recession

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Comment by nozzpackon Mar 09, 2023 9:20am

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Post# 35327787

RE:RE:RE:Reitman during the last recession

You must remember that high inflation in the last 2 years is largely a Western construct.
In SE Asia For example , its 3.8 % in Malaysia and Vietnam 4.5% .

These are not much different than 2022.

I suspect that most of the clothes that RET sells are being made in SE Asia, not the US.

So, cost pressures for those products would be modest and with container shipping costs down considerably , I don't foresee much in the way of unit costs increasing in 2023.

As for the US interest rate outlook, there are so many influencing factors ....GDP growth, Debt limit, budgetary cuts by GOP etc..that it's anybodies guess.

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