Fri, Nov. 27, 2:39 PM
Wed, Nov. 18, 9:52 AM| Wed, Nov. 18, 9:52 AM | Comment!
Wed, Nov. 11, 11:32 AM
- A painful guidance cut from Macy's is creating a wave of selling across mall-related retailers.
- Decliners in the fragile sector include Urban Outfitters (URBN -6.1%), Ascena Retail Group (ASNA -7.1%), Dillard's (DDS -6.5%), Sears Holdings (SHLD -4.3%), TJX Companies (TJX -3.2%), Guess (GES -3.5%), Abercrombie & Fitch (ANF -4.6%), Francesca's Holdings (FRAN -4.4%), Express (EXPR -3.4%), (DSW -3.8%), American Eagles Outfitters (AEO -2.5%), Aeropostale (ARO -3.9%), Zumiez (ZUMZ -4%), Buckle (BKE -3%), and bebe stores (BEBE -9.5%).
- Previously: Macy's lower after U.S. sales slump and nixing REIT (Nov. 11)
- Previously: Department store sector on watch after Macy's warns (Nov. 11)
- Previously: Should Macy's suppliers be worried? (Nov. 11)
Mon, Oct. 12, 10:49 AM
- Cotton prices are expected to fall sharply this year and into 2016 due to a variety of market factors - including lower demand for yarn and a drop in polyester prices.
- Companies with an eye on the level of cotton prices based on recent conference calls transcripts posted on SA include Hanesbrands (NYSE:HBI), Carter's (NYSE:CRI), Vera Bradley (NASDAQ:VRA), PVH Corp (NYSE:PVH), Williams-Sonoma (NYSE:WSM), Chico's FAS (NYSE:CHS), Express (NYSE:EXPR), L Brands (NYSE:LB), Gildan Activewear (NYSE:GIL), and The Children's Place (NASDAQ:PLCE),
Thu, Sep. 17, 7:30 AM
- MKM Partners upgrades TJX Companies (NYSE:TJX) to a Buy rating after having the retailer set at Neutral.
- Gap (NYSE:GPS) and L Brands (NYSE:LB) were started off by MKM with Buy ratings.
- The investment firm initiated coverage on Express (NYSE:EXPR) and Chico's FAS (NYSE:CHS) at Neutral.
- On a broad scale, U.S. retail sales have held steady over the last six months with no slips into negative territory.
Wed, Aug. 26, 12:45 PM
Wed, Aug. 26, 9:14 AM
Wed, Aug. 26, 8:25 AM
- Express (NYSE:EXPR) leaps higher in early trading after reporting a significant increase in margins during Q2 and lifting guidance.
- Nomura is in with a post-earnings upgrade on Express to Buy.
- "We continue to believe [Express] is an underappreciated story and we expect ongoing multiple and earnings expansion," reads the note from Nomura.
- Previously: Express beats by $0.09, beats on revenue
- Previously: More on Express' Q2
- EXPR +9.5% premarket to $18.51.
Wed, Aug. 26, 7:23 AM
- Express (NYSE:EXPR) reports comparable-store sales rose 7% in Q2.
- E-commerce sales grew 21% to $75M.
- Gross margin increased 480 bps to 33.1%.
- Merchandise margins +240 bps during the quarter
- SG&A expense rate +90 bps to 26.2%.
- Operating margin rate rose 370 bps to 6.7%.
- Inventory +13.4% to $272.01M.
- Store count +11 Q/Q to 637.
- Q3 Guidance: Comparable sales: Mid single digits growth; Tax rate: ~39%; Interest expense, net: $1.2M; Net income: $22M to $25M; Diluted EPS: $0.26 to $0.29; Shares outstanding: 85.7M; Store count: 654.
- FY2015 Guidance: Comparable sales: Mid single digits growth; Tax rate: ~39%; Interest expense, net: $15.9M; Net income: $105M to $111M; Adjusted net income: $111M to $117M; Diluted EPS: $1.23 to $1.30; Adjusted EPS: $1.30 to $1.37; Shares outstanding: 85.5M; Capex: $114M to $119M; Store count: 656.
Wed, Aug. 26, 7:02 AM
Tue, Aug. 25, 5:30 PM
Mon, Jul. 6, 6:02 PM
Thu, Jun. 11, 8:48 AM
- Clothing stores showed some signs of life in May as tipped in today's Retail Sales report.
- The category was up 1.5% M/M and 3.6% Y/Y to outpace total retail sales.
- The improvement is consistent is with the reads from the narrow range of apparel chains which still report monthly sales.
- The sector has seen discounters show stronger traffic trends than mall-based chains, although both groups have eased off promotional activity a bit.
- Previously: Retail sales stronger-than-expected in May
- Related stocks: ANF, AEO, LUX, GES, CTRN, CATO, LB, PLCE, SSI, ROST, GPS, BOOT, CHS, MW, ANN, ASNA, BKE, DSW, EXPR, URBN, FRAN.
Thu, Jun. 4, 10:26 AM
- A healthy round of reports from retail chains and more firming up of the labor market has the retail sector ahead of market averages
- Outperformers include Buckle (BKE +3.4%), Five Below (FIVE +7.3%), Abercrombie & Fitch (ANF +1.8%), L Brands (LB +1.8%), American Eagle Outfitters (AEO +2.2%), Citi Trends (CTRN +2.1%), Express (EXPR +1.4%), Urban Outfitters (URBN +1.6%), Wayfair (W +1.3%), and TravelCenters of America (TA +0.9%).
- The S&P Retail ETF (NYSEARCA:XRT) is also positive on the day with most broad market averages in the red.
Thu, May 28, 9:16 AM
Thu, May 28, 7:11 AM
- Express (NYSE:EXPR) reports comparable-store sales rose 7% in Q1.
- E-commerce sales were up 12% to $77.6M during the period.
- Gross margin +330 bps to 33.1% as sales leverage reduced the impact of costs.
- The company's merchandise margin also improved by 200 bps.
- Inventory +10.3% to $265.91M.
- Store count -15 Q/Q to 626.
- Guidance: Express expects Q2 EPS of $0.14-$0.16 vs. $0.12 consensus.
- Previously: Express beats by $0.08, beats on revenue
Express, Inc., is a specialty apparel and accessory retailer offering both women's and men's merchandise. The Company operates in single segment which is Express brick-and-mortar retail stores and e-commerce operations.
Other News & PR