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.
Nov. 21, 2014, 10:50 AM
Nov. 21, 2014, 9:04 AM
Nov. 20, 2014, 12:01 PM
- Shares of Dillard's (DDS +8.3%) spike after Marcato Capital takes a 4.9% stake in the department store operator.
- The investment firm wants Dillard's to spin off its real estate assets.
- "We have decided to share our analysis highlighting the value of Dillard's underlying real estate assets and the compelling case for the creation of a stand-alone REIT," says Managing Partner Mick McGuire.
- Marcato see a combined value of over $193 per DDS share after a REIT split.
- Here's the latest SEC Form 13F filed by Marcato showing no position in Dillard's.
Nov. 14, 2014, 9:15 AM
Nov. 13, 2014, 9:14 AM
Nov. 13, 2014, 8:10 AM
Nov. 6, 2014, 1:27 PM
- Apparel seller Ann issued a warning today on the impact of labor uncertainty at West Coast ports as part of its Q4 guidance.
- The retailer expects $8M in extra air freight costs due to product shipment delays.
- There's also been some reports of delays at ports in the Seattle and Tacoma area which account for 16% of container cargo traffic on the West Coast.
- Analysts fret that more companies will resort to air freight to ensure stores are stocked in front of the Black Friday rush.
- Apparel and footwear stocks: SKX, FL, VRA, ICON, NKE, WWW, DECK, CROX, SHOO, BWS, KATE, ANN, PERY, LULU, RL, PVH, VNCE, CRI, UA, HBI, VFC, COLM, KORS, GIL, SQBG, JCP, KSS, DDS, M, JWN, RL.
Oct. 15, 2014, 10:56 AM
- There's a promising forecast out from retail watchers Verdict on the department store sector.
- The research firm forecasts growth of 22% to $450B as emerging markets drive gains.
- What to watch: British and U.S. chains have an advantage over continental European operators which have been slower to invest in e-commerce.
- Department stores: M, OTCQX:MAKSY, OTCPK:DBHSY, KSS, JWN, DDS, JCP, LB, TLYS, SHLD
Aug. 22, 2014, 4:10 PM
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. 15, 2014, 8:09 AM| Comment!
Aug. 15, 2014, 8:02 AM
Aug. 13, 2014, 10:26 AM
- Department store stocks are lower after Macy's misses estimates with its Q2 report and warns on consumer spending.
- Decliners: Nordstrom (NYSE:JWN) -2.2%, Sears Holdings (NASDAQ:SHLD) -1.8%, Kohl's (NYSE:KSS) -2.7%, J.C. Penney (NYSE:JCP) -2.1%, Bon-Ton Stores (NASDAQ:BONT) -3.5%, Dillard's (NYSE:DDS) -2.2%.
- The downward comp sales revision from Macy's and the flat reading on U.S. retail sales growth appears to be impacting big-box retailers Target (TGT -1%) and Wal-Mart (WMT -0.9%) as well.
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
Jun. 24, 2014, 12:07 PM
- Channel checks from Deutsche Bank indicate the promotional cadence in the retail sector has been dialed back a notch from the level seen in Q1.
- The investment firm sees less promotional activity from retail beasts Wal-Mart (WMT +0.3%) and Target (TGT +0.2%) - while department store chains such as Kohl's (KSS +0.7%), Nordstrom (JWN +0.6%), and Dillard's (DDS -0.1%) have also shown some improvement.
- J.C. Pennney (JCP +1%) is a tougher nut to crack for DB with its radical changes in pricing strategy making the year-over-year comparison less informative.
- Related ETFs: XLY, XRT, VCR, RTH, RETL, FXD, FDIS, PMR, RCD
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