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 > WTI oil dropping like a Rock

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Comment by Torontojayon May 03, 2023 3:32pm

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Post# 35428281

RE:RE:WTI oil dropping like a Rock

Canada has been under reporting inflation for years now.

Oil prices is a function of supply and demand. Even with a decrease in oil output, demand and future expectations are very weak. This is similar to what's going on in the housing market. Inventory levels in housing are at record lows and yet home prices are trending down. Demand is so weak that a significant drop in supply is being challenged against a weaker demand for housing. That's not a positive sign. That's a red flag.

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