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Reitmans Ord Shs V.RET

Alternate Symbol(s):  RTMNF | RTMAF | V.RET.A

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

Comment by nedstar71on Sep 21, 2023 2:11pm
223 Views
Post# 35647839

RE:Meltdown

RE:MeltdownGlobal economic background, resulting declining revenue, and a management team that has made it pretty clear they are unwilling to even take the smallest steps to make the stock more palatable to the investment community. IE uplisting to the TSX.  Until that happens the stock will continue to trade poorly imo.
And yes nice to have dodged the bullet.  I made the decision before earnings as there was very little chance of an upside surprise, and even status quo in this environment gets punished .  Currently saved myself about $35k, and am fine staying on the sidelines for now.  
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