Jul. 15, 2015, 8:56 AM
- Today's promotional battle between Wal-Mart (NYSE:WMT) and Amazon (NASDAQ:AMZN) could have two winners (besides consumers) and many losers, according to retail analysts.
- The retail machines could pull forward some back-to-school sales away from rivals and smaller chains without the online reach.
- Shopatron's John Pincott notes it's nearly impossible for consumers to miss the Amazon and Wal-Mart deals due to the broad marketing efforts and allure of a Black Friday-type event.
- Amazon initiated the promotional battle with a one-day sale celebrating the company's 20th anniversary, while Wal-Mart continues to counterpunch against the moves coming out of Seattle.
- Margin worries will continue to be in the background while the heavyweights slug it out for top-line growth.
- What to watch: Companies in the line of fire of the promotional salvos include Staples (NASDAQ:SPLS), Best Buy (NYSE:BBY), Target (NYSE:TGT), Costco (NASDAQ:COST), and Office Depot (NASDAQ:ODP). There's also an alarming trend in play for department stores (JCP, DDS, KSS, M, TJX) with more BTS family shopping for clothing turning online.
Jul. 14, 2015, 8:48 AM
- U.S. retail sales were held back in June due in part to weak clothes buying trends.
- Clothing/clothing accessories stores dropped 1.5% M/M, while department store showed a 0.6% decline.
- On a year-over-year scan, department stores sales were off 1.7%.
- The numbers would probably look even weaker if sportswear and shoes were backed out of the broad categories.
- Previously: June Retail Sales miss expectations (Jul. 14 2015)
- Related stocks: M, KSS, JWN, DDS, JCP, LB, TLYS, SHLD, TJX, BONT, SSI, OTCPK:BLKIA.
Jun. 11, 2015, 9:22 AM
- Kohl's (NYSE:KSS) appoints Michelle Gass to fill the newly-created role of Chief Merchandising and Customer Officer.
- The company has also started an external search for a Chief Operating Officer.
Jun. 4, 2015, 7:06 AM
- Credit Suisse downgrades department store stocks in a broad swipe at the sector.
- Nordstrom (NYSE:JWN) is moved by CS to a Neutral rating from Outperform.
- Dillard's (NYSE:DDS) is taken to Underperform from Neutral.
- The investment firm also warns that upside on current valuation is limited for Bon-Ton Stores (NASDAQ:BONT), J.C. Penney (NYSE:JCP), Kohl's (NYSE:KSS), Macy's (NYSE:M), and Stage Stores (NYSE:SSI).
- The sector picked up some steam earlier this week off REIT enthusiasm.
- Previously: REIT is the word in retail (Jun. 02 2015)
Jun. 2, 2015, 1:17 PM
- Retail chain stocks are putting in some strong gains despite a soft read earlier in the day from Redbook on sales.
- PVH issued a strong report last night which helped push the sector in the right direction, but there also appears to be some speculative buying on some names in the sector after Macy's was reported to be under pressure to explore REIT options.
- Previously: Macy's hearing from hedge funds on real estate assets
- Gainers: Guess (NYSE:GES) +5.1%, Tilly's (NYSE:TLYS) +4.4%, Abercrombie & Fitch (NYSE:ANF) +5.7%, Kohl's (NYSE:KSS) +1.6%, J.C. Penney (NYSE:JCP) +2.9%, Bon-Ton Stores (NASDAQ:BONT) +4.6%, Stein Mart (NASDAQ:SMRT) +2.7%, Sears Hometown and Outlet Stores (NASDAQ:SHOS) +2.4%, Conn's (NASDAQ:CONN) +5.8%, Best Buy (NYSE:BBY) +1.7%, hhgregg (NYSE:HGG) +2.8%.
May 21, 2015, 9:18 AM
- Kohl's (NYSE:KSS) is testing an off-price concept, notes Retail Dive.
- The company will use a pilot store in New Jersey to gauge response to selling deeply discounted returned items.
- Earlier this month, Macy's unveiled its own off-price strategy.
- Previously: Macy's to test off-price concept (May. 05 2015)
May 18, 2015, 2:55 PM
- Department store chains Kohl's (KSS -0.3%), Macy's (M +2.3%), and J.C. Penney (JCP -0.6%) are moving to a higher mix of local and digital advertising as they leverage data they have mined from loyalty programs and spending histories, according to AdAge.
- Implementing "personal touches" into marketing messages is seen as a way to increase brand awareness and conversions.
- Total advertising spending for some companies in the sector has been on the decline.
May 14, 2015, 9:16 AM
May 14, 2015, 7:28 AM
- Kohl's (NYSE:KSS) trades lower after sales come in lower than expectations.
- Comparable-store sales were up 1.4% during the quarter.
- Gross margin rate +10 bps to 36.9%.
- Operating income rate -10 bps to 6.8%.
- SG&A expense rate flat at 24.6%.
- Inventory +4.6% to $4.165B.
- Store count +4 Y/Y to 1,164.
- Previously: Kohl's beats by $0.08, misses on revenue
- KSS -5.3% premarket.
May 14, 2015, 7:17 AM
- Kohl's (NYSE:KSS): Q1 EPS of $0.63 beats by $0.08.
- Revenue of $4.12B (+1.2% Y/Y) misses by $70M.
May 13, 2015, 5:30 PM
May 13, 2015, 9:02 AM
- Department store stocks are on watch after a disappointing Q1 report from Macy's and a weak read on the sector from the Department of Commerce with its April Retail Sales report.
- Department store sales fell 2.2% M/M and 5.1% Y/Y in April.
- Previously: Macy's -2.6% as sales come in light (May 13)
- Previously: Retail sales continue to slow (May 13)
- Related stocks: DDS, M, SSI, BONT, SHLD, JCP, KSS, JWN.
May 12, 2015, 7:01 AM
- Jefferies lifts estimates on Kohl's (NYSE:KSS) ahead of the department store operator's Q1 earnings report.
- The investment firm increases its price target on the Buy-rated stock to $85 to adjust for the new EPS expectations.
- Kohl's reports Q1 results on Thursday with analysts expecting revenue of $4.178B and EPS of $0.57.
- KSS +21.7% YTD.
Apr. 14, 2015, 7:15 PM
- Goldman Sachs offers three criteria on how to pick stocks to short: Look for individual stocks with high valuations that have a tendency to underperform; take hints from mutual funds as they do a good job of selecting shorts; and look for stocks that are likely to move on company-specific factors and are less prone to moving with general market and sector trends.
- Among the overvalued stocks Goldman thinks could drop are CELG, ORLY and RHT; stocks underweight by mutual funds that could fall are HST, CTL and EQR; and likely to deviate from the broad market and their sectors are KLAC, JEC and COH.
- Rounding out Goldman's 19 stock recommendations that could reward short sellers: ARG, DO, DISCA, FLS, KSS, MOS, NDAQ, NVDA, TDC, WU.
Apr. 7, 2015, 12:43 PM
- Kohl's (KSS +0.1%) trades higher after channel checks from MKM Partners indicate strong sales trends for Q1.
- The investment firm thinks Kohl's comp sales may top expectations.
- Athleisure and electronics are two categories identified as standing out for the department store chain.
- SA contributor Equity Watch has a deeper dive into Kohl's increased focus into fitness and health products.
Mar. 24, 2015, 3:54 PM
- Buyback-happy U.S. firms are prohibited from repurchasing shares from about five weeks prior to releasing quarterly earnings to about 48 hours after those reports. These blackout periods, says Goldman, may offer an especially tasty time for investors to pick up shares of their favorites.
- "High valuations in the absence of corporate demand may weigh on stock prices," says Goldman's Amanda Sneider, and particular areas of focus are tech, consumer discretionary, and financials - they've accounted for more than 50% of buyback activity.
- Goldman's buyback blackout theme buys: SanDisk (NASDAQ:SNDK), Yahoo (NASDAQ:YHOO), Travelers (NYSE:TRV), Apple (NASDAQ:AAPL), Juniper Networks (NYSE:JNPR), Xerox (NYSE:XRX), Torchmark (NYSE:TMK), F5 Networks (NASDAQ:FFIV), Citrix Systems (NASDAQ:CTXS), Aon (NYSE:AON), Moody's (NYSE:MCO), VeriSign (NASDAQ:VRSN), Hartford Financial (NYSE:HIG), Ameriprise (NYSE:AMP), Corning (NYSE:GLW), Time Warner (NYSE:TWX), Seagate Technology (NASDAQ:STX), Viacom (NASDAQ:VIAB), Legg Mason (NYSE:LM), XL Group (NYSE:XL), DirecTV (NASDAQ:DTV), Allstate (NYSE:ALL), Nvidia (NASDAQ:NVDA), CBS (NYSE:CBS), Macy's (NYSE:M), Kohl's (NYSE:KSS).
Kohl's Corp. owns and operates family-oriented department stores. It offers exclusive brand apparel, shoes, accessories and home & beauty products through its department stores. The company's stores offer apparel, footwear and accessories for women, men and children; soft home products, such as... More
Industry: Department Stores
Country: United States
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