• Tue, Jan. 17, 9:50 AM
    • The retail sector is taking notice of a comment made by Donald Trump in his interview with The Wall Street Journal posted late on Friday.
    • "Our companies can’t compete with them [China] now because our currency is too strong. And it’s killing us," said POTUS-elect Trump.
    • A strong U.S. dollar has been a wrecking ball to the bottom line of many U.S.-based multnationals.
    • Notable gainers include Wal-Mart (WMT +2.5%), PriceSmart (PSMT +1.8%), Target (TGT +1.4%), Nike (NKE +1.4%), Kate Spade (KATE +0.9%), Michael Kors (KORS +0.8%), Fossil (FOSL +1.7%), Coach (COH +2%), Ralph Lauren (RL +3.5%), VF Corp (VFC +1.9%), Kohl's (KSS +3.2%).
    • ETFs: IYK, PEJ, UGE, SZK.
    • The S&P Retail ETF (NYSEARCA:XRT) is up over 2%.
    Tue, Jan. 17, 9:50 AM | 17 Comments
  • Thu, Jan. 5, 1:02 PM
    Thu, Jan. 5, 1:02 PM | 8 Comments
  • Wed, Jan. 4, 5:06 PM
    • Shares of traditional department stores tumble after-hours as Macy's (NYSE:M) and Kohl's (NYSE:KSS) cut earnings estimates due to weak holiday sales (I, II); Macy's also added details on its previous announcement to close 100 stores, saying the moves will result in 10K job cuts and a $575M reduction in 2017 sales.
    • The news causes a ripple effect across the sector: JWN -5.9%, JCP -4.8%, DDS -3.4%, SHLD -2.5%, TGT -1.8%, ROST -1.5% AH.
    • Apparel and accessory companies with significant presences in big box retail also are lower: KORS -2.8%, COH -2.6%, KATE -1.1% AH.
    • ETFs: XLY, XRT, VCR, RTH, RETL, FXD, FDIS, RCD, PMR
    Wed, Jan. 4, 5:06 PM | 56 Comments
  • Tue, Jan. 3, 1:36 PM
    • Piper Jaffray cites a lack of compelling catalysts in downgrading Michael Kors (KORS) to Neutral from Overweight.
    • Analyst Erinn Murphy warns on the excessive promotions during the holiday quarter which will be tough to shake off and sees little differentiation in the handbags category.
    • Her price target on Kors was lowered to $48 from $60.
    • On Seeking Alpha, Celeritas Investments pitches the case that Michael Kors is actually undervalued bases off its growth potential and earning multiple.
    Tue, Jan. 3, 1:36 PM | 2 Comments
  • Tue, Jan. 3, 7:08 AM
    • Jefferies turns cautious on a number of apparel stocks heading into the first day of 2017 trading.
    • DSW (NYSE:DSW), Michael Kors (NYSE:KORS), Steve Madden (NASDAQ:SHOO) and VF Corp (NYSE:VFC) are all cut to a Hold rating from Buy.
    • Sources: Bloomberg and MarketBeat.com.
    Tue, Jan. 3, 7:08 AM | 10 Comments
  • Dec. 30, 2016, 5:36 PM
    • Top gainers, as of 5.25 p.m.: ALV +2.7%. MUX +2.1%. FGP +1.5%. IAG +1.3%. LUX +1.0%.
    • Top losers, as of 5.25p.m.: WAFD -6.8%. DHT -2.4%. APO -1.9%. KORS -1.7%. SYNT -1.6%.
    Dec. 30, 2016, 5:36 PM
  • Dec. 28, 2016, 2:24 PM
    • Since just prior to an initial volatility halt placed on Kate Spade trade at 12:33 PM ET, Michael Kors (NYSE:KORS) and Coach (NYSE:COH) are both up roughly 2.6% to respective $43.24 and $35.09 levels.
    • Investors are responding actively across the names on reports Kate Spade is exploring a sale, with that company's shares now at nearly 25% gains on the session.
    • Earlier: Kate Spade +15.85%, sale exploration reported [updated]
    Dec. 28, 2016, 2:24 PM
  • Dec. 22, 2016, 1:27 PM
    • Shares of Michael Kors (KORS -3%) are heading toward their 7th straight down day as sentiment on the retailer fades.
    • Broad concerns on F/X and Trump trade policies continue to chip away at the bull case for MK.
    • The extended slide in share price has pushed the forward price/earnings ratio on Kors down to single digits.
    Dec. 22, 2016, 1:27 PM | 13 Comments
  • Dec. 14, 2016, 12:04 PM
    • Retail transactions with a discount as part of the sales price increased 79% Y/Y, according to tracking by DynamicAction.
    • Separate tracking by Noumra Instinet showed 19 of 21 retailers discounted more this year during the first weekend of December, with Ulta Salon (NASDAQ:ULTA) and Athleta (NYSE:GPS) the two expections. Higher promotional activity was observed at Urban Outfitters (NASDAQ:URBN), Michael Kors (NYSE:KORS) and Coach (NYSE:COH).
    • The poor read on discounting cuts into the argument that the tighter inventory levels in retail would help pricing. Kohl's (NYSE:KSS), Nordstrom (NYSE:JWN) and Wal-Mart all increased sales at a faster clip than inventory piled up in Q3.
    • ETFs: XLY, XRT, VCR, RTH, RETL, FXD, FDIS, RCD, PMR, CNDF, FTXD, JHMC.
    Dec. 14, 2016, 12:04 PM | 2 Comments
  • Nov. 28, 2016, 8:33 AM
    • Black Friday weekend channel checks from investment firms are still pouring in. A few tidbits are posted below.
    • Wells Fargo: Lululemon (NASDAQ:LULU) was a traffic outperformer, while Calvin Klein (NYSE:PVH) and Carter's (NYSE:CRI) held the line on pricing amid a promotional atmosphere.
    • Wedbush: High-profile video games were discounted more than last year. Keep an eye out on GameStop (NYSE:GME), Activision Blizzard (NASDAQ:ATVI), Take-Two (NASDAQ:TTWO) and Electronic Arts (NASDAQ:EA).
    • Fung Global Retail & Technology: Shoes (FL, FINL) were identified as a hot seller, while jewelry (NYSE:SIG) sales were down.
    • Jefferies: Unexpected strength for the UGG brand (NASDAQ:DECK) and Gap was observed. Demand for Michael Kors (NYSE:KORS) and Coach (NYSE:COH) handbags appeared soft.
    • Previously: Black Friday wrap: Records fall, retail winners and losers (Nov. 25)
    • Source: Bloomberg.
    Nov. 28, 2016, 8:33 AM | 3 Comments
  • Nov. 25, 2016, 9:07 AM
    • Channel checks from Piper Jaffray indicate most of the consumer action last night was focused on toys, electronics and beauty.  The first two categories are business as usual for the shopping event, but strong traffic at beauty stores could be an extra boost for Ulta Salon (NASDAQ:ULTA), Sally Beauty Holdings (NYSE:SBH) and e.l.f. Beauty (NYSE:ELF).
    • The investment firm also cited solid demand for smartwatches at Fossil (NASDAQ:FOSL) and Michael Kors (NYSE:KORS) stores, while also calling footwear traffic (NKE, UA, FL, FINL, DECK) and conversion rates encouraging.
    • Source: Bloomberg
    • #BlackFriday
    Nov. 25, 2016, 9:07 AM | 2 Comments
  • Nov. 11, 2016, 12:08 PM
    Nov. 11, 2016, 12:08 PM
  • Nov. 11, 2016, 9:25 AM
    Nov. 11, 2016, 9:25 AM | 1 Comment
  • Nov. 10, 2016, 5:36 PM
    • Top gainers, as of 5.25 p.m.: NVDA +15.3%. MT +7.7%. TTD +7.6%. SQM +5.9%. VIPS +5.8%.
    • Top losers, as of 5.25p.m.: PLAB -19.7%. DDS -6.9%. PRAH -4.9%. VJET -4.6%. KORS -3.7%.
    Nov. 10, 2016, 5:36 PM | 6 Comments
  • Nov. 10, 2016, 4:18 PM
    • Michael Kors Holdings (NYSE:KORS): FQ2 EPS of $0.95 beats by $0.07.
    • Revenue of $1.09B (-3.5% Y/Y) in-line.
    • CEO John Idol: "Our results continued to be impacted by the declines in mall traffic and tourism in certain major cities, as well as our strategic decision to reduce sell-in of inventory to the U.S. wholesale channel."
    • Full-year fiscal 2017 revenue guidance of $4.55B vs. consensus of $4.64B; adjusted EPS of $4.37-$4.43 vs. consensus of $4.58.
    • 5M shares bought back in FQ2 for $250M.
    • Shares -5.33%.
    • Press Release
    Nov. 10, 2016, 4:18 PM | 15 Comments
  • Nov. 9, 2016, 5:35 PM
    Nov. 9, 2016, 5:35 PM | 8 Comments