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 > Target CEO says the consumer remains resilient

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Comment by flamingogoldon Aug 21, 2024 12:58pm

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RE:RE:Target CEO says the consumer remains resilient

TJ, I could say you are cherry picking too. Starbucks has been mismanaged and why they just replaced their CEO. McDonalds got greedy and went too far with their pricing and why they introduced the $5 meal. Home Depot I will agree with you there, real estate is definitely stressed as well as the home improvement sector. But, real estate and renovations are big ticket items so not surprisingly to get hit. But, my initial post was in reference to Reitmans and the consumer being dead which is what you inferred.

Torontojay wrote:

flamingogold wrote: Sorry for the bears who have been predicting economic destruction post covid. A recession will come eventually, but they've been wrong for 2 years now and will be wrong for the next year too.

“We see an incredibly resilient consumer in the face of high inflation and some of the other challenges they’ve been facing to manage their household budgets,” Cornell said on a media call."

https://www.theglobeandmail.com/business/international-business/article-target-raises-its-2024-profit-forecast-after-price-cuts-boost/

As always flamingo, you are cherry picking the data. Ask Starbucks, McDonald's or Home Depot if the consumer is resilient.