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 > Objectif : moderniser la compagnie

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Comment by savyinvestor333on Jun 16, 2023 9:41am

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Post# 35499901

RE:Objectif : moderniser la compagnie

naissance17 wrote: https://www.lapresse.ca/affaires/entreprises/2023-06-16/une-pdg-pour-moderniser-reitmans.php

The management of Reitmans is convinced that the action is undervalued on the stock market. The book value of the stock is approximately $5, notes chief financial officer Richard Wait. Over the past year, Reitmans shares have gone from 75 cents to their current level of $3 on the Toronto Venture Exchange.

The executives also say they are examining the possibility of migrating to the Toronto Stock Exchange, which could potentially attract the interest of institutional investors and analysts.

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