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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

Comment by itsthehitmanon Apr 17, 2023 11:10am
117 Views
Post# 35398373

RE:RE:RE:RE:RE:RE:What does mangement want ?

RE:RE:RE:RE:RE:RE:What does mangement want ?I was in the clothing biz as sales rep to many companies....for 30 years.....the way I see it to make it in this market you have to have huge margins from the get go....reitmans does that by being manufacturer and importer of all their goods.....Look at an old friend of mine who started a little company years ago and discovered the secret of being the importer and only retailer of his products coming in......company is ....LULU lemon......he is now out of the biz but one of the richest men in Canada.....LULU still is rocking without him but Chip is okay.....his net worth tells the tail.
Good luck to all investors in Reitmans.....well run company but difficult times for all retail establishments these days....
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