Sep. 12, 2014, 7:04 AM
Sep. 10, 2014, 8:32 AM
- Credit Suisse lines up with L Brands (NYSE:LB) with an Outperform rating as it acknowledges the ability of management to navigate around the numerous potholes in the retail sector.
- L Brands stands as a sector outlier by raising full-year profit estimates recently.
- The Pink brand in particular has shown some strength into the back-to-school season.
- LB +0.9% premarket
Sep. 4, 2014, 8:20 AM
- A strong performance by L Brands (NYSE:LB) in August has caught the eye of retail analysts.
- The retailer was led by 8% comp growth for its Victoria Secret direct channel and a 5% comp gain at its L Brands chain. Bath & Body Works chipped in with a 4% comp rise.
- L Brands was a bit of an outlier amongst mall chains by raising its full-year profit estimates in August.
Sep. 4, 2014, 7:13 AM
Aug. 26, 2014, 1:48 PM
- Retail sales were strong across the sector, according to ICSC.
- Wholesale clubs (COST, PSMT, WMT), dollar stores (DLTR, DG, FDO), and apparel sellers (AAP, AEO, ANF, JCP, JNY, JWN, KSS, LB, M, URBN, PSUN, BKE, WTSL, GPS) all tracked strong for the week.
- Sales for the month are forecast to rise 4% to 5%, compared to last year's 3.6% rise.
Aug. 21, 2014, 10:46 AM
- Yoga apparel sales grew 45% last year while participation in yoga the sport was only up 4.5%, according to industry tracking.
- The disparity indicates the impressive momentum built up by the athleisure category is beyond just a fad.
- Barclays forecasts that the broader retail athletic apparel market will grow by around 50% to exceed $100B by 2020.
- The trend is positive for early adopters Lululemon (NASDAQ:LULU), Under Armour (NYSE:UA), Gap (NYSE:GPS), Nike (NYSE:NKE) - while a host of other retailers (LB, DKS, TJX, TGT) and department store chains (KS, BONT, DDS, M, JCP) say they will try to carve out space in the athleisure market for themselves.
- On tap: Designers have their eyes on creating more men's lines and hybrid yoga-business outfits that will fly in the C-suite.
Aug. 20, 2014, 5:29 PM
- L Brands (NYSE:LB) +0.8% AH after posting slightly better than expected Q2 earnings and revenues, as the company continues to be a relative bright spot in a retail industry facing a steep and persistent drop in store traffic
- Q2 sales excluding newly opened or closed locations rose 3% Y/Y; by brand, same-store sales rose 3% at Victoria's Secret and gained the same amount at Bath & Body Works.
- Raises its FY 2014 outlook, now seeing EPS of $3.03-$3.18 vs. its prior forecast of $3.00-$3.15, and forecasts Q3 EPS of $0.26-$0.31 vs. analyst consensus estimate of $0.30.
- Gross margin weakened slightly to 39% from 39.3%.
Aug. 20, 2014, 4:31 PM
Aug. 19, 2014, 5:35 PM
Aug. 13, 2014, 8:38 AM
- A warning from typically-resilient Macy's (NYSE:M) on consumer spending could send a chill into the retail sector.
- CEO Terry Lundgren says that many of the department store's customers aren't feeling comfortable about spending more in an "uncertain" economic environment.
- That analysis from a sector bellwether indicates a crowding out effect could be in play as consumers spend freely on housing, automobiles, and travel.
- On watch: KSS, JWN, DDS, JCP, BONT, LB, TLYS, CACH.
- Consumer discretionary-focused ETFs: XLY, XRT, VCR, RTH, RETL, FXD, FDIS, PMR, RCD
Aug. 8, 2014, 12:08 PM
Aug. 7, 2014, 8:31 AM
Jul. 31, 2014, 10:35 AM
Jul. 10, 2014, 7:32 AM| Jul. 10, 2014, 7:32 AM | Comment!
Jul. 10, 2014, 7:09 AM
Jun. 25, 2014, 10:25 AM
- "Highly socially engaged brands tend to deliver sustained and superior financial returns as content co-creation provides improved ad spend leverage," says Piper's Stephanie Wissink, following her team's Instagram analysis.
- Best-positioned from an engagement-rank perspective according to Piper: Michael Kors (KORS +1.1%), Abercrombie & Fitch (ANF +0.1%), Urban Outfitters (URBN -0.7%), and L Brands (LB -0.1%).
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