Reitmans Ord Shs V.RET

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

Consumer Cyclical Apparel Stores

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 > Bonus Incentives for F2023-24

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Comment by Torontojayon Apr 17, 2023 7:25am

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Post# 35397917

RE:Bonus Incentives for F2023-24

Also keep in mind that management has not been receiving dividend payments since late 2019 and they still want to be compensated.

The good news is that incentive bonus expenses is a cost that the company has control over. In good times, they may get paid and in bad times they don't have to. That's $19.9m worth of flexibility which could help to stabilize profit margins going forward.

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