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 TheCount11on Aug 22, 2024 11:19am

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RE:RE:RE:RE:RE:RE:Target CEO says the consumer remains resilient

I don't find the "Americans no longer have money" story compelling. Sure some no longer have money but others do. Is someone burning the money?

People were sitting at home during covid and wanted to renovate their houses. That pulled demand forward.

I do find the "Young Canadians (20-35) have no money" story compelling. Its by boomer design. As a group they are screwed.

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