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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Reitmans Ord Shs > Canada’s retail apparel market seems strong

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Comment by Torontojayon Apr 12, 2023 1:41pm

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RE:Canada’s retail apparel market seems strong

This is driven by post covid pent up demand and excess savings. This could change in a dime as banks loan less money and the money supply continues to shrink. Bank deposits on commercial banks is continuing to decline and this is going to eventually spill over on gdp numbers in subsequent quarters.

The fiscal year 2025, which is mostly calendar year 2024, could be a different theme regarding pent up demand and the depletion of excess household savings.

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