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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 savyinvestor333on Apr 16, 2023 7:55pm
91 Views
Post# 35397654

RE:RE:RE:RE:A Statistical Outlook for Q1 of 2023

RE:RE:RE:RE:A Statistical Outlook for Q1 of 2023
nozzpack wrote: Inventory is specifically stated to be " for the Spring Sales Season " which is Q1 and Q2
  From the MD&A

"inventories are higher primarily due to the normal build-up for the spring selling season and a higher average merchandise purchase cost; "  That may 

That may explain the jump from $119 million last year to $142 million now. 

But it could also mean some things aren't selling. Last year the Inventories were $119 million at this time so I can understand the extra inventory for the spring as sales are up but total revs last year in the first quarter were $153 million. I can't see needing $138 million at cost inventory for one quarter were revs will be  similar to our cost of goods.

They are also commited to buying $144.6 million in the next year according to sedar, 

"2 Includes amounts pertaining to agreements to purchase goods or services that are enforceable and legally binding on the Company"
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