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Reitmans Ord Shs V.RET

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

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

Comment by CarefulSpecon Apr 14, 2023 11:15am
126 Views
Post# 35395214

RE:RE:Boy was I wrong

RE:RE:Boy was I wrongSure, a lack of a dividend announcement is what caused the meltdown. It wasn't the huge earnings miss relative to last year, and the hint that even Q2 will suck this year. Nope it was all driven by a guy speculating on dividends to 20 retail holders on a thinly followed message board. The crying wouldn't be happening had they posted even a dime a share from operations. They executed terribly in Q4 and the stock is reacting, end of story. 
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