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 > What's weird

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Comment by nozzpackon Jun 22, 2023 6:41am

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Post# 35508556

RE:RE:RE:RE:RE:RE:RE:RE:What's weird

Indigo has one huge quarter in the Year in which it is able to add $125 m or so to the cash position.
It then spends the other 3 quarters burning through most of that cash.

Its legacy business..books..is slowly shrinking, so it will have to make a decision soon to ditch this business and its high leasing costs.

I dont see any other way to turn the business around other than a complete sale.

The remaining business could be of significant interest to RET or RET could be a signbificant addition to Indigos rump business.

Both businesses have to make signiuficant decisions soon, one to diversify and add growth, the other to slough off its failing legacy business.

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