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 > Sorry, I'm out

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Post by GoldPanda1on Apr 14, 2023 11:37am

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Post# 35395292

Sorry, I'm out

upon first look the Q4 report didn't look that bad but upon further reading I'm finding several things I don't like
- sales up by only 11% when the whole sector over the period should be up about 20%, that a bad loss of market share
- what difficulty in Q1? retail sales in Canada are booming, the gross profit margin is rising as well
- only C$20 million capex for FY24, where are the 10 Penningtons stores?
- no plans for asset sales
share price is down 20% as it seems many investors expected at least some mention of uplisting or dividend. I think that a lot of momentum for the next few months has been lost