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Jan. 15, 2015, 8:30 AM
- A wild day in the Swiss markets could have some bearing on companies that manufacture Swiss Watches locally to sell in global luxury markets.
- The companies in the sector have sometimes cited swings in the Swiss franc as a factor in their quarterly earnings reports.
- Previously: Franc soars after SNB scraps euro cap
- Previously: Swiss shares crater after SNB abandons cap on euro
- Related stocks: Movado (NYSE:MOV), Fossil (NASDAQ:FOSL), Swatch (OTCPK:SWGAY), Tiffany (NYSE:TIF).
Jan. 13, 2015, 1:23 PM
- Shares of Tiffany (NYSE:TIF) are down another 1.9% to follow up on yesterday's double-digit slide.
- A strong U.S. dollar not only impacts demand in markets such as Japan and China for Tiffany, but also chips away at tourism spending at U.S.-based stores for the chain.
- Though a few Wall Street firms have cut their price targets on Tiffany, the consensus PT is still pricing in a +10% run.
- KeyCorp and Credit Suisse get credit for downshifting on TIF ahead of the weak sale update.
- Previously: Tiffany update on holiday sales and guidance (Jan. 12)
- Previously: More details on Tiffany's (Jan. 12)
Jan. 12, 2015, 12:46 PM
Jan. 12, 2015, 9:55 AM
- Shares of Tiffany (TIF -11.5%) are getting smacked around in early trading after a harsh guidance cut from the company.
- Retail analysts note currency risk reared its head during the period on a stock priced for perfection.
- Previously: Tiffany reports negative holiday comp, lowers guidance
- Sector news: Bumpy start to the year for luxury retail stocks (Jan. 09 2015)
Jan. 12, 2015, 9:14 AM
Jan. 12, 2015, 7:16 AM
- Tiffany (NYSE:TIF) reports holiday comparable-store sales fell 4%.
- The comp was negative across all regions except Asia-Pacific which saw a 3% gain.
- Total sales fell 1% to $1.02B for the period.
- The company says it sees full-year EPS of $4.15-$4.20 vs. $4.20-$4.30 prior guidance and $4.32 consensus.
Jan. 9, 2015, 11:04 AM
- Another tough day for luxury retail stocks as more concerns on pricing trends build up.
- Consulting firm Bain isn't helping sentiment, noting the luxury sector in China showed negative growth (-1%) for the first time in 2014. An ongoing crackdown by Beijing on corruption is in the background.
- Michael Kors (KORS -1.7%), Ralph Lauren (RL -2%), Kate Spade (KATE -3.2%), Fossil (FOSL -1%), Vera Bradley (VRA -2%), and Coach (COH -2.2%) are all under-performing market averages.
- Related stocks: OTCPK:LVMUY, OTC:GUCG, OTCPK:SWGAY, OTCPK:BURBY, EL, RDEN, OTCPK:HESAF, OTCPK:CFRUY, TIF.
- Related ETFs: PEJ.
Dec. 23, 2014, 2:59 PM
- The strong reads on consumer spending (ICSC, Redbook) bode well for Q4 earnings in the retail sector, note analysts.
- Electronics sellers (BBY, HGG) and the luxury sector (RL, TIF, COH, KORS, KATE, FOSL, VRA) are viewed as being in a good position to see a December boost.
- Companies which eased off on pulling a bulk of their sales forward with Black Friday/Cyber Monday deals are also seen as potential winners with sub-$2 gas resetting some holiday budgets.
- Though e-commerce is expected to dazzle again this holiday season. It's not all fun and games for analysts looking at margins. The extension by Amazon (AMZN -0.1%) of its free shipping offer could be a signal that inventory levels are higher than anticipated and that the growth-at-all-costs mentality at the company is as entrenched as ever, notes Nasdaq Advisory Services.
- The S&P Retail ETF (NYSEARCA:XRT) has doubled up the return of the S&P 500 over the last 3 months, 10.8% vs. 5.1%.
- Previously: Retail trends to watch: Athleisure, P-E buyouts, and new online channels (Dec. 20 2014)
- Related ETFs: XLP, XLY, VDC,VCR, RTH, RETL, FXG, PBJ, IYK, PEJ, FXD, IYC, FDIS, RHS, SCC, FSTA, UCC, PMR, PSL, UGE, RCD, PEZ, PSCC, PSCD, SZK
Dec. 19, 2014, 1:29 PM
- Analysts expect a mixed holiday season for the retail sector in Hong Kong.
- While mass market retail is forecast to hold up with the level of demonstrations in the region moderating, there's some concerns on the luxury sector.
- The corruption crackdown by Beijing and the weak Yen are two potential drags on tourist traffic.
- Consumer confidence on the high end has also been weakening.
- What to watch: The critical Chinese New Year begins in February giving the luxury sector scant time for the environment to improve.
- Luxury sellers in HK: Gucci (OTC:GUCG), Prada, Louis Vuitton (OTCPK:LVMUY), Coach (NYSE:COH), Ralph Lauren (NYSE:RL), Michael Kors (NYSE:KORS), Swatch (OTCPK:SWGAY), Burberry (OTCPK:BURBY), and Tiffany (NYSE:TIF).
Nov. 25, 2014, 7:16 AM
- Tiffany (NYSE:TIF) reports comparable-store sales rose 6% in Q3.
- Geographic revenue growth: Americas +10% to $459M (US +11%), Asia-Pacific +2% to $243M, Japan -12% to $113M, Europe +9% to $114M, Other +28% to $30M.
- Gross margin +295 bps to 59.5% on lower product costs and a higher mix of jewelry.
- Operating margin +70 bps to 17.6%.
- Inventory +6% to $2.6B.
- TIF -1.7% after the company missed the lofty estimates of analysts.
Nov. 25, 2014, 7:02 AM
- Tiffany (NYSE:TIF): Q3 EPS of $0.76 misses by $0.01.
- Revenue of $959.59M (+5.3% Y/Y) misses by $10.43M.
Nov. 24, 2014, 5:30 PM
Nov. 20, 2014, 1:27 PM
- Tiffany (NYSE:TIF) declares $0.38/share quarterly dividend, in line with previous.
- Forward yield 1.46%
- Payable Jan 12; for shareholders of record Dec. 22; ex-div Dec. 18.
Sep. 29, 2014, 5:01 PM
Sep. 24, 2014, 8:13 AM
- Retail sales could increase by 4.5% to $986B this holiday season on an improved macroeconomic backdrop, forecasts Deloitte Touche.
- The mark would easily top last year's 2.8% rise.
- Online sales are tipped to rise by 14%.
- Promotional activity across broad retail has been dialed back a touch during the back-to-school season, but is still a risk to margins heading into the crucial shopping period.
- What to watch: This holiday season could be an operational pressure cooker for UPS (NYSE:UPS) and FedEx (NYSE:FDX) with demand expected to be high.
- Related stocks: AAP, AEO, ANF, BBBY, BBY, BJ, CHS, COH, COST, DG, FDO, FL, GPS, JCP, JNY, JWN, KSS, LB, LULU, M, NDN, PIR, RL, TGT, TIF, TJX, UA, URBN, VFC, WMT, ZLC, PERY, SQBG, VNCE, KORS, GIII, KATE, GIL, VRA, ICON, PSMT, AMZN.
- Related ETFs: XLY, XRT, VCR, RTH, RETL, IYK, FXD, FDIS, PMR, UGE, RCD, SZK
Sep. 22, 2014, 9:02 AM
- Tiffany (NYSE:TIF) announces it will sell $500M worth of senior notes due in 2024 and 2044.
- The company plans to use the proceeds to pay off outstanding higher-interest issues.
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