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 > Retail suffering in Canada

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Comment by savyinvestor333on Dec 04, 2023 9:24am

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Post# 35766740

RE:Retail suffering in Canada

Please back up this statement with some facts.

Below is a link to Statscan showing Sept retail data was up.Also the second link will show that last quarter had a slight deline in GDP. The first since 2021. A recession is 2 quarters decline in a row I believe. Lets stick to facts here unless you are Short the stock.

https://www150.statcan.gc.ca/n1/daily-quotidien/231124/dq231124a-eng.htm
https://tradingeconomics.com/canada/gdp-growth

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