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 > Cad : USD

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Comment by savyinvestor333on Jul 31, 2024 9:41am

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Post# 36155996

RE:RE:RE:RE:RE:RE:RE:Cad : USD

Torontojay wrote:

nedstar71 wrote:
Lllennn wrote: McDonald's is reconsidering its pricing strategy, after customers cutting back their spending took a bite out of the fast food giant's sales.

No doubt. Not that that has anything to do with Reitmans mind you but no question their customers are pulling back and should be, their prices have gotten way out of hand. A 10 piece McNugget 'value' meal with tax is well over $19....a lowly Big Mac meal over $15. They pushed it too far and drove many away.

Big economic crash is imminent.

Yield curve is close to uninverting. Now is the time to be defensive and a time to have some dry powder.

Reitmans is in a bad spot here with retail that is currently getting pummeled and that's in nominal terms. It is even worse when you look at total volume transactions. The turnaround is a long time away.

Canada has become uninvestable.

"Canada has become uninvestable.
" As my portfolia is hitting an all time high with an over 15% return year to date. It's a stock pickers market. I am feeling no ill effects to the portfolio by holding a couple of losers right now.

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