Reitmans Ord Shs V.RET

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

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 > ATZ Outlook

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Post by nozzpackon May 03, 2023 6:13am

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Post# 35426784

ATZ Outlook

Outlook

The first quarter of fiscal 2024 is off to a healthy start with the spring and summer collections being well received by clients.

Aritzia is on track to deliver expected net revenue in the range of $450-million to $460-million in the first quarter of fiscal 2024.

This would reflect a sales increase of 10 per cent to 13 per cent on top of growth of 65 per cent in the first quarter of fiscal 2023.

The company continues to see strength in the United States across both its e-commerce and retail channels, as well as continued growth in Canada.