Reitmans Ord Shs V.RET

Alternate Symbol(s): RTMNF | RTMAF | V.RET.A

Consumer Cyclical Apparel Stores

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 > Seems to me

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Comment by TheCount11on Mar 30, 2023 9:50am

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RE:Seems to me

RET skews older. Seniors have most of the wealth in Canada, GICs give returns and they are getting COLA money which they will spend.

RET is in a sweet spot. Profit is "How can I get my customers to spend more while I spend less on my suppliers?"

Execute on PENN rebrand during a recession. Give PENN customers the experience they deserve and money will rain down. The stock will rerate on a fundamental basis.

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