Reitmans Ord Shs V.RET

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

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 > Aritzia Ups its 2023 Outlook

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Comment by flamingogoldon Apr 16, 2023 8:48am

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Post# 35397156

RE:Aritzia Ups its 2023 Outlook

I hold both ATZ and RET.A. The success ATZ is having in the USA is very promising and the main reason why I hold it. At 9x the population size of Canada, the upside growth to make it in the US market is, well, at least 9x greater than just playing the frozen tundra here.

nozzpack wrote:

For fiscal 2023, Aritzia currently expects the following:

Net revenue in the range of $2.14-billion to $2.16-billion, representing an increase of approximately 44 per cent from fiscal 2022, up from the company's previous outlook of $2.0-billion to $2.05-billion. This is led by continued outperformance in the United States across both channels and continuing growth in Canada, as well as the contribution from retail expansion with:

Eight new boutiques, including seven boutiques in the United States and one in Canada;

Five boutique expansions or repositions, including four locations in Canada and one in the United States.