Mon, Apr. 25, 9:34 AM
- Green Street Advisors estimates that the department store sector would have to close another 800 stores to match the level of sales per square foot it generated back in 2006.
- The closings number includes the hundreds of stores already shuttered by major players. Macy's is on the low end with only a 9% store reduction needed to meet the sales metric, while Sears is on the other end with a 43% slashing required to hit the mark.
- The full report on the department store sector is available from Green Street's website.
- Related stocks: JCP, KSS, SHLD, M, DDS, OTC:HBAYF, GMAN, BONT.
- Now read Macy's Expecting Continued Pressure In 2016
Thu, Apr. 7, 12:55 PM
- Mall retailers are trading off today after the news on traffic trends from the small batch of monthly reporters didn't impress.
- Another potential factor was the overall gloomy tone from Pacific Sunwear's (PSUN -45.3%) bankruptcy filing on younger consumers. The retailer noted that discretionary spending from the key demographic is going to dining and technology over apparel.
- Notable decliners include J.C. Penney (JCP -5.1%), Nordstrom (JWN -4.5%), Dillard's (DDS -5.1%), Sears Holdings (SHLD -3.6%), Gap (GPS -3.8%), American Eagle Outfitters (AEO -3.9%), Urban Outfitters (URBN -3.9%), Abercrombie & Fitch (ANF -3%), Express (EXPR -2.2%), Guess (GES -2%), Bucke (BKE -10.2%), Zumiez (ZUMZ -4.4%), and Aeropostale (ARO -9.6%).
- Now read A Few Thoughts Inspired By Saturday Shopping
Mon, Feb. 29, 9:18 AM
- Shares of Dillard's (NYSE:DDS) are on watch after Deutsche Bank lowers its rating to Sell from Hold.
- The investment firm sets a price target of $44 on the department store stock compared to its closing price of $85.27 on Friday. Dillard's racked up a 19% gain last week after reporting earnings and firing off some capital allocation moves.
- Previously: Dillard's misses by $0.23, beats on revenue (Feb. 22 2016)
- Previously: Dillard's +8% even with no guidance or earnings call in the mix (Feb. 23 2016)
- Previously: Dillard's declares $0.07 dividend (Feb. 25 2016)
Thu, Feb. 25, 4:57 PM| Thu, Feb. 25, 4:57 PM
Thu, Feb. 25, 10:59 AM
- Target (TGT +0.3%) outperformed Wal-Mart during Q4 and took some important ground from Amazon in what most retail watchers are calling an impressive quarter.
- Store traffic was up 1.3% to almost double Wal-Mart's (WMT +1%) pace, while digital sales rose at a faster rate than what the e-commerce beast from Seattle posted. Even with promotions dialed up and the higher e-commerce mix, margins held up better at Target than some analysts expected.
- Target's results were strong enough to induce Cowen and Company to boost its price target to $86 and back its Outperform rating.
- What to watch: Target may have set a road map for other retail chains (BBY, JCP, KSS, SPLS, JWN, DDS, M) to follow in their bid to compete with Amazon by fulfilling 30% of all online orders directly from their stores in an efficiency play.
- The Amazon vs. the brick-and-mortar world question is part of today's Seeking Alpha Market Challenge
Tue, Feb. 23, 1:55 PM
- Dillard's (DDS +8.2%) trades higher after missing profit estimates with its Q4 report.
- The company warned on the impact of high markdown activity and weakness in energy-dependent markets.
- Investors are brushing off the lack of any sales guidance or conference call commentary to push Dillard's shares to their highest level of the year.
- Previously: Dillard's misses by $0.23, beats on revenue (Feb. 22)
- Previously: Margins slump at Dillard's (Feb. 23)
Tue, Feb. 23, 7:36 AM
- Dillard's (NYSE:DDS) reports comparable-store sales fell 2% in Q4. The company had to work through inventory during an "unusually competitive" period, according to CEO William Dillard.
- Sales were strong in the home and furniture categories, but weak in juniors and childrens apparel and shoes.
- The company's gross margin rate fell 344 bps as higher markdowns cut in.
- Inventory level was flat year-over-over.
- Previously: Dillard's misses by $0.23, beats on revenue (Feb. 22 2016)
Mon, Feb. 22, 4:49 PM
Sun, Feb. 21, 5:35 PM
Thu, Feb. 4, 11:23 AM
- The retail sector is struggling after Kohl's issues soft guidance and with several reports from store chains (Cato, Zumiez, Fred's) tipping weak January traffic.
- Department store decliners include J.C. Penney (JCP -3.1%), Macy's (M -2.7%), Nordstrom (JWN -5.6%), and Dillard's (DDS -1.3%). While mall names Gap (GPS -1.4%), American Eagle Outfitters (AEO -1.6%), Abercrombie & Fitch (ANF -2.2%), Children's Place (PLCE -3.1%), and Carter's (CRI -1.9%) are also weak compared to the broad market.
- Target (TGT -3%), Costco (COST -2.8%), and Wal-Mart (WMT -1%) are also lower. Earlier today. Costco reported a +1% comp in the U.S. for January.
- Discount-leaning Fred's (FRED -8.7%), Dollar Tree (DLTR -3.1%), Dollar General (DG -1.6%), Big Lots (BIG -3%), Five Below (FIVE -2.9%), TJX Companies (TJX -2.2%), and Ross Stores (ROST -1.2%) are also feeling a pinch.
Thu, Jan. 7, 10:52 AM
- A mix of positive holiday sales report peppered throughout the retail sector has brought chain store stocks back into focus.
- Add sub-$2 gas prices along with a low level of jobless claims to the mix and investors are warming back up to to beat-up sector.
- Most of the gainers against a down market day have a heavy concentration of sales in the U.S.
- The Container Store (TCS +3.8%), Ulta Salon (ULTA +1.4%), Vitamin Shoppe (VSI -0.3%), Chico's FAS (CHS +2.9%), Dillard's (DDS +2.7%), Williams-Sonoma (WSM +1.7%), Dick's Sporting Goods (DKS +1.2%), Burlington Stores (BURL +4%).
- Previously: Retail chain stocks rally as $2 gas in U.S. outweighs turmoil in China (Jan. 07 2016)
Dec. 31, 2015, 4:57 PM
- Industry tracking shows cold weather apparel sales are still well-below last year's level even with the recent cold snap in the U.S. Northeast and Midwest.
- Consumer Growth Partners notes a high level of markdowns has held back revenue in the sector due to a higher mix of post-Christmas sales.
- Though the warmer weather helped sales in other categories, it's not nearly enough to offset the markdown activity on items such as winter coats and sweaters.
- Several investment firms have clipped Q4 EPS estimates on mall retailers due to concerns over apparel markdowns.
- Related stocks: COLM, DKS, LE, ARO, ANF, AEO, M, JCP, DDS, JWN, VFC.
Dec. 11, 2015, 9:05 AM
- Retail sales were up 1.4% Y/Y in November as most categories stayed in positive territory to help offset the sharp 20% drop in gasoline station revenue. The 0.5% M/M increase in the core rate was the best growth since July and is seen as important given some of the overwrought headlines about weak Black Friday traffic.
- Consumers did increase their spending on food during November. Sales in the food and beverage stores category was up 0.7% M/M and 2.1% Y/Y, while the food services category was 0.7% higher M/M and 6.5% Y/Y.
- Department stores ([[KSS], M, JWN, DDS, JCP) lagged overall retail stores once again. Sales for the group were flat in November from October and were down 2.4% from last year's level.
- Analyst think the consumer spending read for November could be just strong enough to give some support to Big Retail (WMT, TGT, SPLS, BBY, COST) stocks.
- Retail Sales report (.pdf)
Nov. 30, 2015, 10:31 AM
- Department stores stocks are down across the board after reports of weak Black Friday traffic and pricing work turn sentiment sour.
- Sears Canada (SRSC -1.5%), Sears Holdings (SHLD -3.3%), Dillard's (DDS -3.2%), J.C. Penney (JCP -2.4%), Macy's (M -1.2%), Nordstrom (JWN -1.2%), and Kohl's (KSS -0.9%) are all lower.
- The SPDR S&P Retail ETF (NYSEARCA:XRT) is down 1.27%, although the damage could be worse if the underlying index didn't hold four internet retailers (Netflix, Amazon, Shutterfly, TripAdvisor) as top ten positions.
Nov. 19, 2015, 4:34 PM
- Dillard's (NYSE:DDS) declares $0.07/share quarterly dividend, in line with previous.
- Forward yield 0.38%
- Payable Feb. 1; for shareholders of record Dec. 31; ex-div Dec. 29.
Nov. 16, 2015, 9:12 AM
Dillard's, Inc. engages in the retail of fashion apparel, cosmetics and home furnishings. It operates through the Operation of Retail Department Stores and General Contracting Construction segments. The Operation of Retail Department Stores segment includes cosmetics, ladies' apparel,... More
Industry: Department Stores
Country: United States
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