Thu, Aug. 11, 5:36 PM
Thu, Aug. 11, 9:59 AM
- The retail sector is racking up sizable gains after Macy's set the table with a major store closing announcement (15% of full-line stores).
- Earnings beats at Macy's and Kohl's, along with a surprise upgrade on American Eagle Outfitters (AEO +4.6%) are also helping to boost sentiment.
- Notable gainers include Guess (GES +4.3%), Dillard's (DDS +5.8%), Ascena Retail Group (ASNA +4.6%), Stage Stores (SSI +7.7%), Sears Holdings (SHLD +4.6%), Gap (GPS +3.5%), Abercombie & Fitch (ANF +3.2%), Barnes & Noble (BKS +3.2%), Urban Outfitters (URBN +1.3%), Francesca's (FRAN +2.5%), DSW (DSW +3.5%), Pier 1 Imports (PIR +4%), and Finish Line (FINL +2.4%).
- The S&P 500 Retail ETF (NYSEARCA:XRT) is up 2.1% on the day off the chain store buzz.
- Retail ETFs: XLY, XRT, VCR, RTH, RETL, FXD, IYC, FDIS, SCC, RCD, UCC, PMR, JHMC, CNDF
Tue, Aug. 9, 1:36 PM
- There's a dark mood in the apparel store sector after Gap (GPS -6.4%) spilled its July sales numbers.
- The retailer's 4% drop in comparable store sales for the month missed the -1% mark expected by analysts by a wide margin. Gap had raised hopes for a retail sector comeback with a return to a positive comp in June before the July disappointment.
- On a prerecorded sales call (855-500-0477 participant code 7405599), Gap management dropped a discouraging nugget: "We’re maintaining a cautious view of the retail environment in the second half."
- As a bit of a bellwether, the outlook from Gap is resonating across the retail sector. There's also a cut on same-store estimates for Target from Cleveland Research which could be drawing some attention.
- Retail decliners: Tailored Brands (TLRD -5.5%), Ascena Retail Group (ASNA -4.7%), Express (EXPR -4.4%), Citi Trends (CTRN -3.3%), Buckle (BKE -3.4%), Cato (CATO -3.3%), American Eagles Outfitters AEO, Abercrombie & Fitch ANF, Chico's FAS (CHS -2.6%), Kohl's (KSS -3.7%), Dillard's (DDS -2.9%), Macy's (M -2.4%), Fred's (FRED -3.3%), Target (TGT -3.1%), Tuesday Morning (TUES -1.5%), L Brands (LB -1.9%), Christopher & Banks (CBK -2.6%).
Fri, May 13, 11:25 AM
- Some beat-up mall stocks have overcome a sputtering start to move solidly higher. The names seemed to have reacted to a red-hot read on consumer sentiment from the Reuters/UofM survey.
- Recovery modef: Kohl's (KSS +7.9%), Macy's (M +3%), Dillard's (DDS +2.5%), Gap (GPS +2%), JC Penney (JCP +1.8%), Ascena Retail (ASNA +3.1%), and Christopher & Banks (CBK +2.5%).
- Previously: Retail sales: Consumers spending, just not where they used to (May 13)
- Previously: Retail sales dazzle, retail stocks not so much (May 13)
Wed, May 11, 8:32 AM
- The department store sector is on watch for volatility after Macy's issues an alarming warning on sales trends.
- "We are seeing continued weakness in consumer spending levels for apparel and related categories," reads the pinpoint assessment from Macy's.
- Investors in the department store sector are already scrambling with Kohl's (NYSE:KSS) down 3.62% in premarket trading, J.C. Penney (NYSE:JCP) off 3.64%, and Nordstrom (NYSE:JWN) 2.17% lower. The damage doesn't end there with Ross Stores (NASDAQ:ROST) losing 2.6% and TJX Companies (NYSE:TJX) off by 1%. Dillard's (NYSE:DDS) and Sears Holdings (NASDAQ:SHLD) haven't opened yet.
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
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)
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)
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. 16, 2015, 9:12 AM
Nov. 16, 2015, 8:57 AM
- Dillard's (NYSE:DDS) slumps after missing estimates with Q3 earnings.
- The department store operator reported a 4% drop in merchandise sales and 3% slide in comparable-store sales.
- Net income as a percentage of sales fell 60 bps to 3.2%.
- Merchandise inventory +6% to $1.9335B.
- Previously: Dillard's misses by $0.01, misses on revenue (Nov. 16 2015)
- DDS -11.55% premarket to $68.56.
Nov. 12, 2015, 11:31 AM
- Kohl's (NYSE:KSS) is up 6.5% after reporting some success with strategic initiatives.
- Despite a year-over-year drop in Q3 profit, on a sequential basis the recent results looked stronger.
- J.C. Penney (JCP +3.4%), Nordstrom (JWN +2.3%), and Dillard's (DDS +3.5%) are all solidly higher after selling off earlier in the week. The trio have a higher U.S. concentration than Macy's.
- Previously: Kohl's breaks out after earnings beat (Nov. 12 2015)
Nov. 11, 2015, 8:28 AM
- The department store sector could see an impact after Macy's drops guidance sharply.
- CEO Terry Lundgren sent a shiver across the industry by saying Macy's will take markdowns to clear inventory ahead of the crucial holiday season. Macy's reported soft U.S. traffic and sales in Q3.
- Kohl's (NYSE:KSS), Dillard's (NYSE:DDS), and Nordstrom (NYSE:JWN) are on watch. Perhaps an outlier, J.C. Penney is higher in early action after tipping a strong 6% comp in Q3.
- Previously: Macy's lower after U.S. sales slump and nixing REIT (Nov. 11 2015)
- Previously: Retailers eye inventory levels with Black Friday 17 days away (Nov. 10 2015)
Nov. 9, 2015, 10:15 AM
- Department store stocks are off to a rough start with earnings coming into focus this week. Macy's (M -5.5%), J.C. Penney (JCP -4.2%), Kohl's (KSS -4.9%), Dillard's (DDS -3.3%), and Nordstrom (JWN -3.9%) are all sharply lower.
- Retailers Target (TGT -2.7%), Costco (COST -1.5%), TJX Companies (TJX -2.9%), The Children's Place (PLCE -4.8%), L Brands (LB -4.4%), and Wal-Mart (WMT -0.9%) are also below broad market averages with earnings reports due to roll in this week and next.
- The S&P Retail ETF (NYSEARCA:XRT) is down a crisp 2.0%.
Jul. 7, 2015, 10:12 AM
- BofA/Merrill's Heather Balsky: "We are downgrading Dillard's (NYSE:DDS) to Underperform (from Neutral) as we believe sales and margin expansion opportunities are played out due to sector pressures, and we expect the company to miss consensus EPS estimates."
- Balsky's 2015 EPS estimate has been cut by $0.59 to $7.54 (8% below consensus), and she now forecasts flat 2015-2017 comps. The sales forecast is said to reflect "ongoing pressures, including the mid-cycle environment with consumers shifting from big ticket purchases and out of apparel, the lack of a strong apparel fashion cycle, Dillard's not offering free shipping online, and weakness in the home category."
- Higher inventories, weaker comps, wage growth, fewer cost cut options, and weakening credit income are expected to lead op. margin to fall 70bps in 2015 to 7.7%. Shares are now less than $4 above a 52-week low of $100.00.
Feb. 23, 2015, 4:51 PM
- Dillard's (NYSE:DDS): Q4 EPS of $3.17 misses by $0.01.
- Revenue of $2.14B (+5.4% Y/Y) beats by $60M.
- Shares +1.5%.
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