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 > Meltdown

<< Previous

Bullboard Posts

Next >>

Comment by ValueCaton Sep 21, 2023 1:27pm

213 Views

Post# 35647749

RE:Meltdown

Nice sale.
not just global environment.
the bull on this stock got people believing that the operations were gaining momentum, which turned out not to be the case.
also, the idea of buybacks and dividend likely over promoted as well. Board probably stays away from that given the operations took a turn for the worse.
Maybe they need to revamp the stores?

never been in one, but consumers seem to view the brand rather dimly.

<< Previous

Bullboard Posts

Next >>

Cannara reports record growth and profitability in Q4 2023