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 CanadianPatrioton Jan 07, 2024 2:33pm

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Post# 35814681

RE:RE:RE:RE:RE:RE:RE:Retail suffering in Canada

Costco is your barometer as it eats away already declining share in the small business area?

savyinvestor333 wrote: So much for that recession Toronto Jay keeps calling for. Here is a link to Coscto's Dec sales data
Canada lwas the leader in same store sales growth of over 11%.

https://www.streetinsider.com/Corporate+News/Costco+%28COST%29+Reports+December+2023+Sales+of+%2426.15B/22596470.html#:~:text=Costco%20Wholesale%20Corporation%20(%E2%80%9CCostco%E2%80%9D,from%20%2423.80%20billion%20last%20year.

I'm starting to think Torontojay is actually David Rosenberg. Nothing but doom and gloom while the invested ones are seeing thier Portfolios hit all time highs while he waits for the recession.
GLTA