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.

TSXV:RET - Post by User

Reitmans Ord Shs > I'm out at 3

<< Previous

Bullboard Posts

Next >>

Comment by Torontojayon Sep 15, 2023 9:52am

143 Views

Post# 35638028

RE:I'm out at 3

Not a bad play Northforce. It's probably a good idea to have some dry powder over the fall/winter months. In the long run, I think it's going to be a good move to be long Reitman's as it is trading below working capital without any debt. As interest rates begin to bite the typical Canadian household, I'm forecasting that things will be bumpy until the BoC drops interest rates which again works with a lag of about 1 year.

<< Previous

Bullboard Posts

Next >>

Changing Europe’s dependency on HREE from China