The Children's Place Retail Stores, Inc.NASDAQ
Tue, Nov. 29, 10:06 AM
- Cyber Monday online sales increased 12.1% to $3.45B, according to an updated tally from Adobe.
- Mobile spending was up 34% Y/Y to $1.07B to account for 31% of sales.
- Conversion rates were highest for desktops at 6.3%, while smartphones (2.8%) and tablets (5.1%) were still above holiday averages.
- Holiday shopping season sales through November 28 are up 7.6% to $39.97B.
- The S&P Retail ETF (NYSEARCA:XRT) is up 1.81% over the last week to outpace broad market averages. The list of outperformers over the last week -- which factors in the pre-Thanksgiving buzz, Black Friday reports, and Cyber Monday numbers -- includes Target (NYSE:TGT), Wal-Mart (NYSE:WMT), Hasbro (NASDAQ:HAS), Mattel (NASDAQ:MAT), Staples (NASDAQ:SPLS), DSW (NYSE:DSW), Barnes & Noble (NYSE:BKS), Dollar Tree (NASDAQ:DLTR), Dollar General (NYSE:DG), Burlington Stores (NYSE:BURL), The Children's Place (NASDAQ:PLCE) and Best Buy (NYSE:BBY). An interesting sidenote is that all the retail names listed above topped the return of Amazon for the 5-session period.
Fri, Nov. 25, 11:57 AM
- KeyBanc calls Amazon (AMZN -0.1%) and Wal-Mart (WMT +0.7%) early winners of the Black Friday shopping period based on channel checks.
- The investment firm confirms other reports that mall traffic is light. Within the mall sector, Lululemon (LULU +0.2%), Victoria's Secret (NYSE:LB) and Gaps (GPS -1.4%) are called outperformers - while concerns are raised over Buckle (BKE +0.6%) and Vera Bradley (VRA +0.8%).
- Cowen also sees Wal-Mart as a winner. Pink (LB) and American Eagle Outfitters (AEO +0.2%) are also doing wel, according to analyst Olivia Chen.
- MKM Partners has an eye on margins. The combination of "virtually all" retailers offering broad discounts on store assortment and a low level of inventory heading into the shopping period is striking.
- FBR Capital reiterates the broad theme that online sales are diluting Black Friday store traffic. Despite the overhang - Carter's (CRI +0.2%), Hanesbrands (HBI -0.3%), Chico's (CHS +0.7%) and Children's Place (PLCE +1.3%) are called out by FBR as standouts.
Thu, Nov. 17, 9:20 AM
- Gainers: RLOG +121%. SINO +99%. GSL +94%. DCIX +32%. NMM +32%. ESEA +24%. TOPS +22%. WNR +22%. NM +22%. NAO +19%. SB +18%. ANW +17%. PANL +16%. SHIP +12%. NTAP +12%. HAIN +11%. GLBS +11%. UAM +11%. GURE +10%. PLCE +8%. NNA 8%. BBY 8%. INCY 6%. RCON 6%. PLUG 6%. GNK 6%. ENDP 6%.
- Losers: LEI -26%. VUZI -18%. SPP -18%. NVTA -14%. FSLR -12%. ZX -10%. TEGP -10%. SSI -9%. STEM -8%. FOXF -8%. TTMI -7%. PFGC -6%.
Thu, Nov. 17, 8:22 AM
Thu, Nov. 17, 7:30 AM
- Comparable retail sales rose 4.6% for The Children's Place (NASDAQ:PLCE) in Q3 to help it beat estimates. The solid sales growth helped the retailer reduce its inventory position by 0.6% compared to a year ago.
- Gross profit rose 140 bps to 41.0% of total sales due to a higher merchandise margin on leveraged fixed costs.
- Children's Place (PLCE) expects full-year EPS of $5.00 to $5.95 vs. $4.71 consensus.
- The company sets Q4 EPS guidance at $1.43 to $1.48 vs. $1.39 consensus.
- Previously: Children's Place Retail Stores beats by $0.28, beats on revenue (Nov. 17)
- PLCE +1.60% premarekt to $89.00
Thu, Nov. 17, 7:01 AM
Wed, Nov. 16, 5:30 PM
Mon, Nov. 14, 9:59 AM
- Apparel store stocks are moving higher in a relief rally tied to confidence that consumer spending will pick up with some election anxiety in the past.
- Polling from Gallup indicated that consumers went into the election with a sour outlook, a sentiment seen by some investment firms such as Citi as reversing.
- Early movers in the sector include Ascena Retail Group (ASNA +9.7%), Urban Outfitters (URBN +4.4%), Stage Stores (SSI +6.6%), The Children's Place (PLCE +5%), Gap (GPS +4.3%), Buckle (BKE +4.9%), Express (EXPR +5.2%), Abercrombie & Fitch (ANF +3.8%) and Genesco (GCO +3.1%).
- Related: Chico's at 52-week high on post-election confidence (Nov. 14)
- Previously: Companies set to benefit from tax relief (Nov. 14)
Wed, Sep. 21, 8:16 AM
- Piper Jaffray downgrades The Children's Place (NASDAQ:PLCE) to a Neutral rating after having the retailer set at Overweight. Valuation concerns are cited in the analyst note.
- Children's Place has outpaced broad retail by a wide margin in running up a 45% gain over the last year.
- The investment firm cuts its price target to $88 from $92.
- Shares of PLCE are down 1.81% in premarket trading vs. a 52-week range of $46.74 to $90.00
Fri, Sep. 9, 9:27 AM
- A survey from William Blair indicates that teenagers and young adults have increased their visits to malls this year to reverse a multi-year trend.
- In what may come as a surprise, teens ranked malls above movie theaters, restaurants, and sports clubs/extracurriculars as their most popular place to meet.
- Despite the depressed levels of overall sales this year for mall retailers, the read on teens could be a possible indicator that the mall model will evolve and survive, instead of disappear.
- "While overall mall traffic remains challenging, our survey this year noted a material increase in the number of respondents who indicated they are visiting malls more often than last year, perhaps suggesting that malls’ efforts to increase relevancy (through more experiential brands and the addition of attractive entertainment and dining options) are beginning to bear fruit," says Bernstein analyst Sharon Zackfia.
- Mall retailers: AEO, ANF, ASNA, BKE, BOOT, CATO, CBK, CHS, CTRN, DSW, EXPR, FRAN, GCO, GES, GPS, LB, NWY, PLCE, SCVL, SMRT, SSI, TLYS, URBN, LULU.
Wed, Aug. 17, 7:35 AM
- Children's Place Retail Stores (NASDAQ:PLCE) reports comparable retail sales increased 2.4% in Q2.
- Adjusted gross margin rate improved 200 bps to 33.4% due to merchandise margin and fixed cost leverage and a higher AUR.
- Adjusted SG&A expense rate dropped 50 bps to 29.1% due to decreased store and administrative expenses.
- Store count -22 Y/Y to 1,064.
- Q3 Guidance: Comparable retail sales: to increase in low single digits; Adjusted EPS: $1.93 to $2.01.
- FY2016 Guidance: Comparable retail sales: low single digit increase; Adjusted EPS: $4.60 to $4.70.
- PLCE +2.78% premarket.
Wed, Aug. 17, 7:06 AM
Wed, Aug. 17, 7:03 AM
Tue, Aug. 16, 5:30 PM
Tue, Aug. 16, 10:26 AM
- The RetailMeNot Promotions Index will measure the average retail promotions level from the top 500 U.S. retailers across 19 different categories.
- The broad promotion index currently reads 32.58% which RetailMeNot calls a "moderate" level.
- Tracking of the RetailMeNot data could be of particular interest in the apparel store sector (GPS, LB, AEO, ANF, CHS, PLCE, DSW, DXLG, FRAN, BKE, SSI, DEST, NWY, CTRN, GES, TLRD, SMRT.
- Retail ETFs: XLY, XRT, VCR, RTH, RETL, FXD, FDIS, RCD, PMR, JHMC).
- Source: Press Release
Thu, Jul. 14, 12:13 PM
- The Children's Place (PLCE +0.6%) says it will offer a new private label credit card through a partnership with Alliance Data Systems.
- The card is being designed to work in tandem with the company's loyalty program.
- The agreement with Alliance Data will see the existing Children's Place private label credit card portfolio sold to Alliance.