Stock Profile: Reitmans
Symbol: RET, RET.A (TSE)
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• Reitmans (Corporate)
• Reitmans (Fashions)
• Smart Set
• RW & Co
• Penningtons
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 Stats as of 7/06/01
for RET.A
• H/L Ratio: 1.40
• RS: 74.2
• Shares: 6,680,482
• P/E: 7.56
• Price: $20.25
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In 1926, Sarah and Herman Reitman started a general store on Montreal's bust St. Lawrence Boulevard. But one area proved particularly popular - the clothing section, and so they opened a second store devoted entirely to women's fashions. Today Reitmans is the largest women's specialty retailer in Canada with over 600 stores.

The company operates under a variety of names including Smart Set, Dalmy's, RW & Co, and Penningtons as well as the flagship Reitmans stores. The Reitmans chain is still the largest with over 330 shops. Smart Set and Dalmy's caters to the younger crowd. Penningtons dresses the plus-size customer. And RW & Co looks after the trendy urban crowd.

The company is thriving as are other fashion retailers and is posting excellent earnings. For the second year running, the company is buying back its shares which it believes are undervalued.

Quarterly Earnings per Share

  2000 2001 % Change
To May 5th $0.18 $0.51 183.3%
Revenues (000s) $98,192 $116,256 18.4%

Annual Earnings per Share

to Jan. 30th 1999 2000 % Change 2001 % Change
EPS $1.57 $5.90 275.8% $2.35 -60.2%
Revenues (000s) $441,200 $481,145 9.1% $527,379 9.6%