Reitmans Ord Shs V.RET

Alternate Symbol(s): RTMNF | RTMAF | V.RET.A

Consumer Cyclical Apparel Stores

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 > Don’t Buy imo

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Comment by savyinvestor333on Nov 22, 2024 6:08am

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RE:RE:RE:RE:RE:Don’t Buy imo

We'll be fine when compared to Groupe Dynamite. They had $34 million cash and have to buy next sesons merchandise, pay the interest on $400 million debt including $326 million in lease liabilities and want to open more stores at $2 million a pop. And all with $.70 Canadian dollars. The company is paying all costs of the IPO but receiving ZERO dollars.This IPO just goes to show big money still thinks they have a Viable Business at that valuation. It gives me great pleasure to have this comparable company to reinforce the value proposition here. You made me do the research so Thanks for that.

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