Dec. 5, 2014, 3:47 PM
- Store traffic in retail chains fell 11% in November, according to RetailNext.
- The mark is consistent with some estimates on mall traffic during the extended Black Friday weekend.
- Though e-commerce showed strong gains over the month to offset some of drop, the outlook for mall retailers looks bleak for Q4 even after factoring in the round of guidance cuts which have been rampant across the sector.
- On watch: AEO, ARO, ANF, URBN, TLYS, BKE, GES, EXPR, GPS.
Dec. 5, 2014, 8:17 AM
- Aeropostale (NYSE:ARO) could be on the radar of P-E turnaround firms after its slide yesterday into new territory off of weak FQ4 guidance.
- Shares are now off 73% YTD amid crumbling comps and margins.
- The cash burn issue for the company looks dire on paper.
- Some retail analysts thinks a go-private deal or department store buyout could be struck, but SA contributor Mike Young calls any bet on Aeropostale a high-risk opportunity at best.
Dec. 4, 2014, 10:31 AM
- Shares of Destination Maternity (DEST -7.8%) slide after the company misses earnings estimates.
- A frank assessment from the company on a misfire with its assortment to millennial-aged moms-to-be strikes a bit of a chord across the apparel and department store sector.
- Many of the earnings hits and misses this quarter have been tied to on-trend or off-trend assortments. A millennial group which is hard to nail down is becoming a bigger part of that puzzle.
- Apparel stocks: KATE, ANN, LULU, RL, PVH, VNCE, CRI, UA, HBI, VFC, COLM, KORS, GIL, SQBG, JCP, KSS, DDS, M, JWN, RL, ARO, AEO, ANF, WTSL, TLYS, CACH, ZUMZ, PSUN, EXPR, BKE, KORS, UA, GIII, SQBG, HBI, SKX, FL, VRA, ICON, NKE, WWW, DECK, CROX, SHOO, BWS, PERY, DXLG, SHLD, BONT, GPS, GES, URBN, TJX.
Dec. 3, 2014, 5:49 PM
- Though Aeropostale (NYSE:ARO) beat FQ3 revenue estimates and posted in-line EPS, it's guiding for FQ4 EPS of -$0.37 to -$0.44, below a -$0.36 consensus.
- The apparel retailer ended FQ3 with $109.2M in cash, down from $152.3M at the end of FQ2. Long-term debt rose by $2.4M to $136M. Merchandise inventory totaled $211.1M vs. $213M at the end of FQ2 and $262.6M a year ago.
- Comparable sales (including e-commerce) fell 11% Y/Y, after having fallen 13% in FQ2.
- Gross margin fell 190 bps Y/Y to 15.2%. SG&A spend fell 6% to $121.3M, but grew as a % of revenue (26.8% vs. 25.1%).
- 1,052 stores were open at quarter's end, down from 1,072 at the end of FQ2 and 1,124 a year earlier.
- FQ3 results, PR
Dec. 3, 2014, 5:39 PM
Dec. 3, 2014, 4:02 PM
Dec. 2, 2014, 5:35 PM
Oct. 17, 2014, 9:48 AM
- A warning from Urban Outfitters (URBN -15%) on Q3 sales and margin rates is impacting peers in the teen-oriented specialty retail sector.
- A number of investment firms are readjusting estimates and ratings based on the development at the retailer.
- Decliners: American Eagle Outfitters (NYSE:AEO) -3.5%, Abercrombie & Fitch (NYSE:ANF) -4.4%, Guess (NYSE:GES) -1.7%, Express (NYSE:EXPR) -2.1%, Aeropostale (NYSE:ARO) -1.0%.
Oct. 3, 2014, 2:48 PM
Sep. 18, 2014, 10:44 AM
- Uniqlo (OTCPK:FRCOY) aims to have 39 stores up and running in the U.S. by the middle of November as it builds out its fast-fashion brand with consumers.
- The company has a goal to have 200 stores in the U.S. by 2020.
- What to watch Though traditional rivals for Uniqlo include Zara (OTCPK:IDEXY), Hennes & Mauritz (OTCPK:HMRZF), and Gap (NYSE:GPS) - an explosive growth run by Uniqlo could threaten clothing chains (AEO, ARO, ANF, PSUN, ZUMZ, EXPR, BKE, URBN, WTSL, JNY, CACH, CATO, BEBE, TLYS) up and down the retail sector over the longer term.
Aug. 27, 2014, 10:12 AM| 1 Comment
Aug. 22, 2014, 12:45 PM
Aug. 22, 2014, 9:15 AM
Aug. 21, 2014, 5:35 PM
Aug. 21, 2014, 5:15 PM
- Aeropostale (NYSE:ARO) -9.2% AH despite posting a narrower than expected Q2 loss, as the struggling teen apparel retailer issues downside guidance for Q3, sees a loss of $0.44-$0.48/share vs. analyst consensus for a $0.35 loss.
- Q2 gross margin narrowed to 15.8% from 17.9%, but input costs fell 11% to $333M.
- ARO had pre-announced some of its Q2 results earlier in the week while announcing the return of former CEO Julian Geiger to replace Thomas Johnson.
Aug. 21, 2014, 4:04 PM
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