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Aug. 6, 2015, 7:23 AM
- L Brands (NYSE:LB) reports total sales increased 3% to $760M in July.
- Comparable-store sales were also 3% higher for the month.
- The company raises Q2 EPS guidance to $0.66-$0.68 vs. $0.60-$0.65 prior and $0.68 consensus.
Jul. 20, 2015, 1:38 PM
- A bold forecast from Cowen Research on Amazon has some deep implications for the broad retail sector if it proves accurate.
- Cowen sees Amazon nabbing 14% of the U.S. apparel and accessories market by 2020, up from ~5% this year.
- The Amazon Effect impacts retail companies differently depending on if they sell their brands on the Amazon website and at what prices. Chains that could see an impact from a higher level of apparel buying through Amazon include Macy's (NYSE:M), Dillard's (NYSE:DDS), J.C. Penney (NYSE:JCP), Aeropostale (NYSE:ARO), Abercrombie & Fitch (NYSE:ANF), L Brands (NYSE:LB), Kohl's (NYSE:KSS), Pacific Sunwear (NASDAQ:PSUN), and Zumiez (NASDAQ:ZUMZ). The trend also puts high-end sellers such as Kate Spade (NYSE:KATE) and Michael Kors (NYSE:KORS) in a tighter box on how to sell through Amazon.
- A disturbing trend for Wal-Mart (NYSE:WMT) and Target (NYSE:TGT) is that a higher percentage of their customers also bought apparel through Amazon in the first half of 2015.
Jul. 14, 2015, 1:39 PM
- The question of when millennials will open up their checkbooks and stop sharing is posed by Bobbi Rebell in a Reuters piece.
- The generation seems to unabashedly share houses (AirBnb), cars (Uber), car rentals (Zipcar), and entertainment services (Netflix).
- Some think millennials aren't wired to covet non-electronics possessions, while others attribute the trend to a tight market for recent college graduates with high student loan balances.
- The authors of Millennial Majority argues the latter in making the case spending by millennials will pick up dramatically as their resources improve.
- One sector desperately looking for a millennial bounce is apparel which continues to trail broad retail. Companies such as Gap (NYSE:GPS), L Brands (NYSE:LB), Abercrombie & Fitch (NYSE:ANF), and Ann (NYSE:ANN) have had a few misfires due to the peculiarity of the group.
- The oldest millennials are now in their lower thirties which should mean the question will be answered soon.
- Related ETFs: XLP, XLY, VDC, XRT, VCR, RTH, RETL, FXG, IYK, IYC, FXD, FDIS, RHS, FSTA, SCC, UCC, RCD, PMR, UGE, PEZ, PSL, PSCC, PSCD, SZK
- Previously: Retail sales: No help from department stores (Jul. 14 2015)
- Previously: June Retail Sales miss expectations (Jul. 14 2015)
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.
Jul. 9, 2015, 11:43 AM
- L Brands (LB -2.2%) saw its Bath & Body Works chain record the strongest comp of its brands at 6%.
- L Brands (3%) and Victoria's Secret (1%) both delivered a positive comp, while VS Direct Sales lagged at -4%.
- On a sales call, L Brands execs noted the company's merchandise margin rose compared to a year ago.
- Inventory per square foot was reported to be down 6% Y/Y.
- Previously: L Brands reports June same-store sales at +3% (Jul. 09 2015)
Jul. 9, 2015, 7:25 AM
- L Brands (NYSE:LB) reports June same-store sales at +3%.
- Total Sales +3% Y/Y to $1.21M.
Jun. 25, 2015, 8:53 AM| Jun. 25, 2015, 8:53 AM
Jun. 19, 2015, 9:01 AM
- Cowen Research projects shipping costs may be a slight margin drag for retailers for the upcoming holiday season.
- Shippers have adjusted some pricing policies to reduce their logistics and weather risk.
- Retailers also face heightened competition within the sector on free shipping policies.
- Several major retail chains cited higher-than-expected shipping costs with their Q1 reports, due in part to the West Coast port slowdown.
- Related stocks: GPS, LB, URBN, AEO, ANF, ARO, SPLS, ODP, DKS.
Jun. 19, 2015, 8:06 AM
- L Brands (NYSE:LB) announces a new $250M share repurchase program.
- The authorization is a reset of an old buyback allowance which dwindled down to a $600K balance.
Jun. 11, 2015, 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.
Jun. 4, 2015, 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.
Jun. 4, 2015, 7:19 AM
- L Brands (NYSE:LB) reports sales in May rose 5% to $799.1M.
- Comparable-store sales were up 5% for the period.
- The comp was steady at 5% at Victoria's Secret, Bath & Body Works, and L Brands.
- L Brands ended the month with a store count of 2,969 as 16 openings were offset by 16 closings.
May 26, 2015, 9:35 AM
May 21, 2015, 4:37 PM
- L Brands (NYSE:LB) declares $0.50/share quarterly dividend, in line with previous.
- Forward yield 2.26%
- Payable June 19; for shareholders of record June 5; ex-div June 3.
May 20, 2015, 4:05 PM
- L Brands (NYSE:LB): Q1 EPS of $0.61 beats by $0.01.
- Revenue of $2.51B (+5.0% Y/Y) misses by $30M.
- Shares -2.7%.
May 19, 2015, 5:35 PM
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