Thu, Mar. 5, 4:03 PM
Tue, Mar. 3, 8:32 AM
- FBR Capital upgrades Gap (NYSE:GPS) to an Outperform rating from Market Perform with a resoundingly positive take on the retailer.
- The investment firm is calling for a breakout year for Gap as initiatives from management begin to pay off.
- There's no fear on Gap's valuation from the team at FBR.
- GPS +1.4% premarket to $41.99.
Fri, Feb. 27, 7:48 AM
- Topeka Capital focuses on the positives on Gap (NYSE:GPS), including the growth at Athleta and the strong performance from Old Navy. The investment firm backs "savvy" management to produce a better year in 2015 from the brand stumbles it saw last year.
- Retail analyst Stacey Widlitz thinks Gap is getting a pass on its lowered guidance. She also points to the company's long product lead time as a worry.
- Morningstar points out that the margin expansion story at Gap and potential for Athleta is under-appreciated
- During Gap's conference call last night, execs said they would open 20 Athleta stores this year as they measure the balance between store expansion and growing the direct channel.
- Earnings call transcript
- GPS +2.18% premarket.
Thu, Feb. 26, 4:45 PM
Thu, Feb. 26, 4:13 PM
- Gap (NYSE:GPS) reports a slight earnings beat with comparable-store sales up 2% for the period.
- Foreign currency translated lopped off a full two percentage points of growth during the quarter.
- The slowdown at West Coast ports will impact Q1 results, according to management.
- Operating expenses +1% Y/Y to $1.14B.
- A new $1B share repurchase program has been approved.
- Guidance: 2015 EPS of $2.75-$2.80 expected.
- Previously: Gap beats by $0.01, revenue in-line
- GPS +3.5% after hours.
Thu, Feb. 26, 4:01 PM
Wed, Feb. 25, 5:35 PM
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Wed, Feb. 25, 10:25 AM
- Positive data on demand for athleisure apparel continues to stoke interest in Lululemon (LULU +0.6%), Under Armour (UA +1.8%), and Nike (NKE +1.3%).
- "Comfort can elongate a trend that otherwise would have been gone," an industry insider tells Fashionista.
- Shares of Lululemon and Under Armour are up over 10% for the year, while Nike's tracked up to threaten to break through the $100 level for the first time ever.
- Gap (GPS +0.4%) is also a major athleisure player through its Athleta chain, although the mix to total sales is below that seen by the dominant trio.
- Previously: Winners and losers from the intersection of sports and fashion in NYC (Feb. 16 2015)
- Previously: Fashion sales influenced by rebellious millennials (Feb. 24 2015)
Thu, Feb. 19, 1:49 PM
- If Target (NYSE:TGT) were to match Wal-Mart's employee wage increases it works out to about an extra $560M in annual compensation, according to some rough analysis from Hedgeye.
- Cowen & Company is of a like mind, noting other retail companies may feel pressure to adjust their wage structure.
- Retail watch: Target is down 1.20% on the day, while Gordmans Stores (NASDAQ:GMAN) is off 1.1% and Big Lots (NYSE:BIG) is down 0.7%. Gap (NYSE:GPS) is +0.9% with hourly wage increases already fired off by the company last year.
- Previously: Slump continues at Five Below
- Previously: Target lower after Wal-Mart adjusts wage structure
Thu, Feb. 19, 10:27 AM
- Retail analysts are digging into the impact of the West Coast port slowdown on the sector.
- KeyBanc thinks Perry Ellis (NASDAQ:PERY), Steven Madden (NASDAQ:SHOO), and Vince Holdings (NYSE:VNCE) are three companies that could see a disproportionate sting from the labor unrest.
- The at-risk list from Stifel Nicolaus includes Aeropostale (NYSE:ARO), Abercrombie & Fitch (NYSE:ANF), Chico's FAS (NYSE:CHS), Urban Outfitters (NASDAQ:URBN), Zumiez (NASDAQ:ZUMZ), Francesca's (NASDAQ:FRAN), Express (NYSE:EXPR), Gap (NYSE:GPS), Tilly's (NYSE:TLYS), and American Eagle Outfitters (NYSE:AEO).
- Though a number of the companies have warned on an impact on earnings for Q1, a lengthy slowdown could also hit Q2 as spring lines are delayed.
- Retailers with a larger concentration in California are viewed as more at risk.
- Previously: West Coast port slowdown continues (Feb. 16 2015)
- Previously: West Coast port slowdown impacts furniture industry (Feb. 17 2015)
- Previously: Perry Ellis cuts guidance due to West Coast port disruption, shares -15% AH (Feb. 17 2015)
- Previously: Apparel companies at risk from West Coast torpor (Feb. 18 2015)
Tue, Feb. 17, 3:05 PM
- Sterne Agee takes a dive into the retail sector and comes out with a warning on Q1 guidance for select names.
- Widespread winter storms and F/X headwinds are two negative factors that can't be ignored.
- The investment firm sees Gaps (GPS -0.8%) and Fossil (FOSL +0.9%) as the most at risk to come up short during the quarter.
- Caution is also doled out on L Brands (LB -1.5%) and Carter's (CRI -0.3%).
Mon, Feb. 16, 11:11 AM
- The confluence of New York Fashion Week and the NBA All-Star game in New York City gave major apparel brands a launching pad to unveil new products and strategies.
- The annual events have seen significant product successes and misfires in the past which have impacted profits in the retail sector.
- Under Armour (NYSE:UA): The company used the weekend to launch its largest global brand campaign ever with the new Curry One basketball show. Actor Jamie Foxx and CEO Kevin Plank worked events all weekend, while Curry aces the 3-point shooting competition at the ASG.
- Banana Republic (NYSE:GPS): Gap promoted a new-look BR line at NY Fashion Week events. Topeka Capital Markets thinks star designer Marissa Webb can recharge some life in the brand which has suffered with the rise of the athleisure category.
- Kate Spade (NYSE:KATE): The retailer's Chief Content Officer is confident that a big bet on tailored flare pants will be on-trend. The strategy runs counter to the popular skinny-leg look.
- DKNY (OTCPK:LVMHF): The fashion house drew high marks on the runway for its updated collection which critics see as selling.
- Tommy Hilfiger (NYSE:PVH): The 30-year old brand displayed its fall lines which include more football and varsity themes. Critics think the grounded approach might broaden the selling demographic.
- Adidas (OTCQX:ADDYY): The German company used the weekend to showcase its new shoe collaboration with Kanye West. Reviews were mixed with Nike and UA grabbing more exposure through their basketball association.
Fri, Feb. 13, 8:12 AM| Comment!
Mon, Feb. 9, 4:13 PM
- Gap (NYSE:GPS) reports FQ4 sales rose 3% to $4.71B.
- Comparable-store sales rose 2% during the quarter.
- Gap's January comp was -3%.
- Q4 comp growth by brand: Gap Global -6%, Banana Republic Global +1%, Old Navy Global +11% (+3% in Jan.)
- Q4 EPs is forecast to be $0.73-$0.74 vs. $0.68 consensus.
- GPS -1.5% after hours.
Thu, Feb. 5, 7:36 AM
- The labor dispute between ship operators and dockworkers on the West Coast has ratcheted up again to threaten the pace of work at 29 ports in Washington, Oregon, and California.
- Observers at the L.A. and Long Beach ports say freighters are at anchor with no open berths due to a planned slowdown in progress.
- Honda (NYSE:HMC) and Subaru (OTCPK:FUJHY) are shipping some parts to the U.S. through air services to avoid the crawl.
- McDonald's (NYSE:MCD) has airlifted 100 tons of french fries to the region to stock restaurants.
- Other companies impacted by the development include Gap (NYSE:GPS), Lululemon (NASDAQ:LULU), Wal-Mart (NYSE:WMT), Kohl's (NYSE:KSS), Macy's (NYSE:M), and J.C. Penney (NYSE:JCP)
- FedEx (NYSE:FDX) and UPS (NYSE:UPS) could see a marginal benefit in some cases from companies facing a parts crunch, observe analysts
- ETFs: XLY, XRT, VCR, RTH, RETL, IYK, FXD, IYC, FDIS, SCC, UCC, PMR, UGE, RCD, SZK
Thu, Jan. 29, 2:57 PM| Comment!
GPS vs. ETF Alternatives
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