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 > Sake and leaseback of Commercial Real Estate

<< Previous

Bullboard Posts

Next >>

Comment by nozzpackon Mar 22, 2023 5:40pm

85 Views

Post# 35354818

RE:RE:Sake and leaseback of Commercial Real Estate

A fair argument .
Depends on the time frame and use of the sale funds.

If you use those funds to acquire an asset with intrinsic growth greater than that of real estate, monetization of that real estate asset makes good business sense.

Besides, no capex and no sustaining capital for cash while there is for holding real estate..

<< Previous

Bullboard Posts

Next >>

Dollar Tree CEO Rick Dreiling steps down as discount retailer struggles