Ascena Retail Group IncNASDAQ
Ascena Retail: Gross Margin Improvements Not Outrunning Woeful Comps
Is Ascena The Rare Exception To The Retail Turnaround Rule?
Fri, Dec. 2, 12:42 PM
Thu, Dec. 1, 5:37 PM
Thu, Dec. 1, 4:12 PM
Wed, Nov. 30, 5:35 PM
Mon, Nov. 14, 9:59 AM
- Apparel store stocks are moving higher in a relief rally tied to confidence that consumer spending will pick up with some election anxiety in the past.
- Polling from Gallup indicated that consumers went into the election with a sour outlook, a sentiment seen by some investment firms such as Citi as reversing.
- Early movers in the sector include Ascena Retail Group (ASNA +9.7%), Urban Outfitters (URBN +4.4%), Stage Stores (SSI +6.6%), The Children's Place (PLCE +5%), Gap (GPS +4.3%), Buckle (BKE +4.9%), Express (EXPR +5.2%), Abercrombie & Fitch (ANF +3.8%) and Genesco (GCO +3.1%).
- Related: Chico's at 52-week high on post-election confidence (Nov. 14)
- Previously: Companies set to benefit from tax relief (Nov. 14)
Fri, Oct. 7, 10:20 AM
- Gap (NYSE:GPS) roars out of the gate with a 15% pop after reporting on September sales.
- The company topped estimates for a -3.6% decline with a -3% performance and noted an improvement in merchandise margins.
- Deutsche Bank took off its Sell rating on Gap, moving to Hold with a price target of $24.
- Potential positive factors for Gap that some are touting are that its upcoming comparisons will be somewhat easy to match and consumer spending may be freed up after the election fixation/anxiety is over.
- Those two considerations could apply across the sector if you buy into them.
- Apparel store names riding Gap's coattails today include Abercrombie & Fitch (ANF +3.1%), Francesca's (FRAN +3.6%), Boot Barn (BOOT +3%), Ascena Retail (ASNA +2.4%), Chico's (FAS -0.1%), Urban Outfitters (URBN +2.6%), Buckle (BKE +0.8%), DSW (DSW +2.2%).
- Previously: Gap higher after underlying monthly sales results top estimates (Oct. 6)
Wed, Oct. 5, 11:11 AM
- A number of chain store stocks are tracking higher after a number of positive economic reads came in this week. The rally is somewhat limited to apparel store names and specialty retailers.
- Traders may be looking at data from ISM that indicated a solid jump in services sector activity.
- Also yesterday, Redbook reported the first +1% increase in chain store sales since May and the National Retail Federation forecast a solid 3.6% gain in holiday sales.
- Leading sector gainers include Ascena Retail Group (ASNA +7.1%), Chico's FAS (CHS +3.4%), Gap (GPS +3.4%), Abercrombie & Fitch (ANF +2.2%), Stage Stores (SSI +3.6%), Boot Barn (BOOT +0.8%), Express (EXPR +2.1%), and Francesca's (FRAN +2%), Pier 1 Imports (PIR +6%), The Container Store (TCS +4.9%), Restoration Hardware (RH +2.1%), and Signet Jewelers (SIG +3.6%).
Tue, Sep. 20, 12:43 PM
Tue, Sep. 20, 11:35 AM
- Apparel store stocks are trading soft after a brutal cut in guidance from Ascena Retail Group (ASNA -26%) cast a shadow over the group.
- During Ascena's earnings call, CEO David Jaffe said a "highly competitive selling environment" and "significant store traffic headwinds" were tough to overcome.
- Former bulls FBR, Oppenheimer, and RBC Capital Market all abandoned their positive ratings on Ascena. While no Wall Street firms were out with a Sell rating on Ascena this summer in front of the earnings dud, SA contributor Terrier Investing issued a warning in June.
- Decliners today include Tilly's (TLYS -8%), Bebe Stores (BEBE -3.5%), Stage Stores (SSI -2%), Express (EXPR -2.1%), Chico's FAS (CHS -1.5%), and Destination XL Group (DXLG -1.7%).
Tue, Sep. 20, 9:19 AM
Mon, Sep. 19, 5:38 PM
Mon, Sep. 19, 5:32 PM
- Shares of Ascena Retail (NASDAQ:ASNA) are down sharply after FQ4 earnings and updated guidance disappoint investors.
- Ongoing store traffic headwinds have pushed quarter-to-date comparable sales negative in the current quarter after they fell 4% in FQ4.
- The company expects FY17 revenue of $6.9-$7.0B vs. $7.17B consensus and FY17 EPS of $0.60-$0.65 vs. $0.83 consensus.
- Previously: Ascena Retail Group misses by $0.08, beats on revenue (Sept. 19)
- ASNA -24.01% AH to $6.17.
Mon, Sep. 19, 4:09 PM
Sun, Sep. 18, 5:35 PM| Sun, Sep. 18, 5:35 PM
Fri, Sep. 9, 9:27 AM
- A survey from William Blair indicates that teenagers and young adults have increased their visits to malls this year to reverse a multi-year trend.
- In what may come as a surprise, teens ranked malls above movie theaters, restaurants, and sports clubs/extracurriculars as their most popular place to meet.
- Despite the depressed levels of overall sales this year for mall retailers, the read on teens could be a possible indicator that the mall model will evolve and survive, instead of disappear.
- "While overall mall traffic remains challenging, our survey this year noted a material increase in the number of respondents who indicated they are visiting malls more often than last year, perhaps suggesting that malls’ efforts to increase relevancy (through more experiential brands and the addition of attractive entertainment and dining options) are beginning to bear fruit," says Bernstein analyst Sharon Zackfia.
- Mall retailers: AEO, ANF, ASNA, BKE, BOOT, CATO, CBK, CHS, CTRN, DSW, EXPR, FRAN, GCO, GES, GPS, LB, NWY, PLCE, SCVL, SMRT, SSI, TLYS, URBN, LULU.
Tue, Aug. 30, 12:53 PM
- A warning from Abercrombie & Fitch (ANF -20.6%) on second-half comparable sales is resonating across the jittery apparel store sector, along with weak reports from DSW (DSW -10.3%) and Christopher & Banks (CBK -19.7%).
- Ascena Retail Group (ASNA -6.6%), Stage Stores (SSI -5.1%), Guess (GES -3.8%), Chico's FAS (CHS -3%), and Francesca's (FRAN -2.8%) are all notably lower after the gloomy sector updates.
- Previously: Abercrombie & Fitch falls hard after weak outlook (Aug. 30)
- Previously: Sales fall short at Christopher & Banks (Aug. 30)
- Previously: DSW sets in-line profit guidance (Aug. 30)