Fri, Jun. 19, 8:06 AM
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, Jun. 4, 7:19 AM| Thu, Jun. 4, 7:19 AM | Comment!
Tue, May 26, 9:35 AM
Thu, May 21, 4:37 PM
Wed, May 20, 4:05 PM
Tue, May 19, 5:35 PM
Thu, May 7, 11:37 AM
- L Brands (NYSE:LB) announces comparable-store sales fell 1% in April.
- The calendar shift of Easter impacted sales results by four full percentage points.
- The comp for Victoria's Secret was flat during the month.
- Total company sales were up 5% to $2.512B for the 13 weeks ending May 2.
- L Brands lifts its view of Q1 EPS to $0.58-$0.60 from $0.50-$0.55.
Wed, Apr. 15, 1:13 PM
- Piper Jaffray corralled over 6K teenagers to take a pulse on the consumer spending trends of the demographic.
- The group had a slightly higher rate of part-time employment than a year ago and continued to show a strong preference for online shopping.
- Standouts brands with teenagers include Lululemon (NASDAQ:LULU), MAC Cosmetics (NYSE:EL), Victoria's Secret (NYSE:LB), Nike (NYSE:NKE), Ralph Lauren (NYSE:RL), Urban Outfitters (NASDAQ:URBN), privately-held Forever 21, and Michael Kors (NYSE:KORS).
- Vineyard Vines continues to be a teen favorite as it slices off a larger piece of the teen spending pie. The privately-held company is up to 48 stores and 97 retail locations.
- Department store chains didn't resonate particularly with the teenager crowd in the Piper survey.
Mon, Apr. 13, 12:10 PM
- The New York attorney general's office is looking into a number of retail chains over the trend of on-call shifts, according to Reuters.
- The companies are being asked to send information on their policies of last-minute scheduling changes for employee shifts and the costs saved from the disruptive practice.
- Williams-Sonoma (WSM +1.1%), Urban Outfitters (URBN +0.7%), Burling Coat Factory (BURL +0.8%), L Brands (LB -0.2%), and TJX Companies(TJX +0.1%) are among the retailers in receipt of a letter from the New York AG requesting information.
Thu, Apr. 9, 7:09 AM
- L Brands (NYSE:LB) reports comparable-store sales rose 9% in March.
- The early timing of Easter was a positive factor the the company.
- Victoria's Secret, Bath & Body Works, and L Brands all put up a 9% comp during the month.
- The retail chain added a net 3 stores from January 31 to April 4 to end the period with 2,972 stores.
Mon, Apr. 6, 6:54 AM
Tue, Mar. 24, 7:48 AM
- Topeka Capital Markets initiates coverage on L Brands (NYSE:LB) with a Buy rating.
- The bullish call arrives with L Brands just off all-time highs after gaining 59% over the last 52 weeks.
- The retailer reported strong sales in February across brands.
- Previously: L Brands sales call: Margin improvement across brands (Mar. 05 2015)
- Previously: L Brands same-store sales: +6% (Mar. 05 2015)
Thu, Mar. 5, 11:46 AM
- A strategic decision made by L Brands (LB +0.6%) on merchandise transport appears to be paying off.
- The Columbus Dispatch noted that the company opted several years ago to ship by air in a move aimed at helping it adjust on the fly to fashion preference shifts.
- Due to the strategy, L Brands has avoided many of the problems with winter and spring inventory linked to the port disruption on the West Coast.
- Victoria's Secret CEO Sharen Turney on the issue: "We were fortunate that we bypassed all the west coast strikes because we made decisions to air everything."
- L Brands has also caught a break recently with some global fast-fashion companies backing off of their aggressive U.S. expansion plans.
- Previously: L Brands same-store sales: +6%
- Previously: L Brands sales call: Margin improvement across brands
- Earnings call transcript
Thu, Mar. 5, 8:07 AM
- Shares of L Brands (NYSE:LB) are on watch after February same-store sales come in at +6% vs. +4.9% consensus estimate.
- On a prerecorded sales call, management said merchandise margins were up across brands.
- The Victoria's Secret comp was up 7%.
- The transition to the spring collection is going well. No mention of a negative impact from the West Coast port issue.
- An early Easter should have a meaningful impact on March comps, tip execs.
- Previously: L Brands same-store sales: +6%
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