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Reitmans Ord Shs V.RET

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

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

Post by Torontojayon Apr 15, 2023 9:44am
187 Views
Post# 35396557

The turnaround begins

The turnaround begins

It is worth noting that for the first time since fiscal 2010, Reitman's store count did not decrease. For the first time in 13 years, they've managed to pivot in the other direction by adding 2 additional net locations. This is an early indication that a turnaround story is well underway and a return to profitable growth lies ahead. 

Reitmans operating income for fiscal 2023 is $48.24m and on a per share basis is ~ $0.98 which is the highest since fiscal 2011. 

We are in the early innings of the turnaround play. 

 

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