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Retail winners today include Ascena Retail Group (ASNA) and American Apparel (APP), both up...

Retail winners today include Ascena Retail Group (ASNA) and American Apparel (APP), both up double-digits after reporting solid earnings. Both companies blasted past the estimates of analysts as sales were boosted by a strong online business. It continues a trend of smaller retail chains chipping away at department stores online, highlighted dramatically by J.C. Penney's (JCP) online meltdown (-34.4% Q4, -37% Q3) and to a much lesser extent by growth rates at Dillard's (DDS), Kohl's (KSS), Sears (SHLD), Saks (SKS), and Nordstrom (JWN).
Comments (2)
  • modanco
    , contributor
    Comments (36) | Send Message
     
    JCP Board of Directors take note. What are you waiting for? Down, down, down the tube the company goes. Wake up!!
    5 Mar 2013, 10:53 AM Reply Like
  • skipper69
    , contributor
    Comments (39) | Send Message
     
    With the lack of public action by the board over the recent tenure of its CEO and others, one would be lead to assume they were also inactive or at least ineffective in providing guidance for years past. Many board members have been "bored" members far too long and must be held accountable as well.
    6 Mar 2013, 06:59 AM Reply Like
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