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.

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Comment by flamingogoldon Apr 10, 2023 3:39pm

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Post# 35387216

RE:RE:RE:RE:RE:RE:RE:RE:RE:StockTalk Podcast

The #1 commodity in Canada is no longer oil. Real estate and it's "parts" (mortgages, banks, legal, construction, etc...) amounts as the biggest industry to the Canadian economy now.

nozzpack wrote:

Let's put this in perspective .

Related information about United States Government Debt: % of GDP

In the latest reports, US National Government Debt reached 31,459.3 USD bn in Feb 2023.

The country's Nominal GDP reached 6,534.5 USD bn in Dec 2022.

That about gdp to debt of 450% and rising by $2 Trillion per year

Canada's is close to 100 with GDP in 2022 at $1.95 trillion and total Provincial / Federal debt about the same amount in 2022.

The Ginni idex in Canada is about 25 and over 40 in the US.

The US banking system is in dire straits and the USD is in its way out.

Plus we have a very robust commodity index.

So, Canada is in much better shape to withstand a recession than the US