Iconic Canadian retailer Reitmans, which has been in existence for close to 100 years, has obtained protection under the Companies Creditors Arrangement Act to facilitate its operational, commercial, and financial restructuring as it reacts to the negative impact of the COVID-19 (coronavirus) pandemic.

Use the web browser (such as Google) to search for Reitmans 2020 Annual Report. Scan through the first 20 pages of the Consolidated financial statement for Reitmans for fiscal years ending Feb 1, 2020 and Feb 1, 2019.

In your opinion, do you think that there were tell-tale signs even before the COVID 19 situation, that the company was experiencing financial difficulties? Can you cite some examples based on your scan of the Management Discussion and Analysis and the financial results?