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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 TheCount11on Dec 14, 2023 10:10am
79 Views
Post# 35784282

RE:RE:RE:Management

RE:RE:RE:Management "A big driver of higher costs in retail is a weaker cad because apparel is purchased in USD, but the pricing dynamics in Canada are independant of foreign exchange"

How much weaker was CAD over the quarter?
What are interest rates on Eurodollars?
How many times per quarter are apparel items shipped to Canada?
How does Reitmans set initial garment prices / margins?   
Why doesn't LuLu, Aritzia management complain about CAD if it such a big deal?

I have lots of shares and have no issue increasing my holdings to vote against and litigating.
Donville Kent wants a single class and SIB.  This gives them liquidity at a premium.  When has Reitmans ever done an SIB for voting shares?   What are trading volumes for voting shares?  How many does Donville have?  Doesn't look like an arms lenght transaction.
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