Mon, Jul. 20, 1:38 PM
- A bold forecast from Cowen Research on Amazon has some deep implications for the broad retail sector if it proves accurate.
- Cowen sees Amazon nabbing 14% of the U.S. apparel and accessories market by 2020, up from ~5% this year.
- The Amazon Effect impacts retail companies differently depending on if they sell their brands on the Amazon website and at what prices. Chains that could see an impact from a higher level of apparel buying through Amazon include Macy's (NYSE:M), Dillard's (NYSE:DDS), J.C. Penney (NYSE:JCP), Aeropostale (NYSE:ARO), Abercrombie & Fitch (NYSE:ANF), L Brands (NYSE:LB), Kohl's (NYSE:KSS), Pacific Sunwear (NASDAQ:PSUN), and Zumiez (NASDAQ:ZUMZ). The trend also puts high-end sellers such as Kate Spade (NYSE:KATE) and Michael Kors (NYSE:KORS) in a tighter box on how to sell through Amazon.
- A disturbing trend for Wal-Mart (NYSE:WMT) and Target (NYSE:TGT) is that a higher percentage of their customers also bought apparel through Amazon in the first half of 2015.
Thu, Jul. 16, 10:12 AM
- Some popular momentum-driven retail stocks are starting off the day in reverse with Michael Kors (KORS -2.7%), Coach (COH -0.2%), Pacific Sunwear (PSUN -1.9%), Vera Bradley (VRA -3.3%), Fossil (FOSL -0.6%), Lululemon (LULU -0.6%), Kate Spade (KATE -0.4%) and Under Armour (UA -3.5%) all lower.
- While OTR Global is with a fresh note on UA and KORS in which expectations are reeled in, pricing trends and China are also looming over the sector.
Tue, Jun. 30, 11:21 AM
- The luxury handbag trade is having a down day as concerns on F/X and pricing pressure in North America impact sentiment.
- Kate Spade (KATE -2.7%), Coach (COH -1.5%), Michael Kors (KORS -2.9%), and Vera Bradley (VRA -0.8%) are all lower.
- Cowen Research is out with a detailed report on the handbag market in which it warns the increase of consumer spending on athleisure could be chipping away at handbag demand.
Fri, Jun. 26, 3:00 PM
- Tiburon Research has an interesting breakdown of how retail store sales fared on a wider "two-year stack" at comparable stores.
- Q1 2-year comps that impressed were from Michael Kors (NYSE:KORS) +20.4%, Ulta Salon (NASDAQ:ULTA) +20.1%, and GameStop (NYSE:GME) +14.4%. J.C. Penney (NYSE:JCP) was +10.8% off an easy 2-year compare.
- The story is different at Coach (NYSE:COH) -44%, Vera Bradley (NASDAQ:VRA) -24.7%, Aeropostale (NYSE:ARO) -24.0%, Cabela's (NYSE:CAB) -23%, and Staples (NASDAQ:SPLS) -7%.
- TIburon Research comparable-store sales table
Fri, Jun. 12, 9:32 AM
- Luxury retailers continue to struggle in China as consumers in the nation adjust to pricing disparities derived from currency fluctuations.
- Last year, luxury sales in China fell 11% while overseas purchases by Chinese tourists rose 9%.
- The tally for overseas purchases included the "grey market" where items are bought overseas then resold inside China.
- The trend has continued this year, despite efforts by companies to reset pricing.
- China luxury sellers: Gucci (OTC:PPRUF, OTCPK:PPRUY), Prada, Louis Vuitton (OTCPK:LVMUY), Coach (NYSE:COH), Ralph Lauren (NYSE:RL), Michael Kors (NYSE:KORS), Swatch (OTCPK:SWGAY), Burberry (OTCPK:BURBY), Tiffany (NYSE:TIF).
Wed, May 27, 12:47 PM
Wed, May 27, 9:18 AM
Wed, May 27, 7:14 AM
- Michael Kors (NYSE:KORS) reports revenue rose 23.3% in FQ4 on a constant currency basis.
- Revenue in North America was up 13.7% to $840.5M during the quarter off a -6.7% comp.
- Revenue in Europe rose 33.5% to $219.8M.
- Gross profit rate -150 bps to 58.4%.
- Guidance: FQ1 revenue of $930M to $950M expected vs. $1.09B consensus.
- Previously: Michael Kors Holdings misses by $0.01, revenue in-line
- KORS +0.51% premarket.
Wed, May 27, 7:02 AM
Tue, May 26, 5:30 PM
Wed, May 13, 10:15 AM
- Weak guidance issued from Ralph Lauren (RL -2.2%) is having a ripple effect on some high-end retail stocks.
- Issues with merchandising, F/X pressure, and lower demand from international tourism pestered Ralph Lauren in Q1 and could continue to be a theme looking forward.
- Previously: Polo Ralph Lauren beats by $0.09, beats on revenue (May. 13 2015)
- Previously: More on Ralph Lauren's FQ4 (May. 13 2015)
- Michael Kors (KORS -1.3%), Coach (COH -0.4%), Movado (MOV -0.5%), Fossil (FOSL -1.7%), and Vera Bradley (VRA -0.3%) are all lower than market averages.
Mon, Apr. 20, 12:10 PM
- Research firm Global Blue says Chinese tourists increased their luxury spending by 67% in Q1.
- High-end retailers with stores in Europe received a good portion of the sales after a weak euro attracted tourists to buy in the region over Hong Kong.
- Last year, Chinese tourists increased spending by 18%.
- A reselling trend in China has accounted for some of the brisk growth, while also pressuring prices for luxury brands in China.
- Luxury retailers: Gucci (OTC:PPRUF, OTCPK:PPRUY), Louis Vuitton (OTCPK:LVMUY), Coach (NYSE:COH), Ralph Lauren (NYSE:RL), Michael Kors (NYSE:KORS), Burberry (OTCPK:BURBY), Tiffany (NYSE:TIF), LVMH (OTCPK:LVMHF, OTCPK:LVMUY), Richemont (OTCPK:CFRUY, OTCPK:CFRHF), Remy Cointreau (OTCPK:REMYF, OTCPK:REMYY)
Wed, Apr. 15, 1:13 PM
- Piper Jaffray corralled over 6K teenagers to take a pulse on the consumer spending trends of the demographic.
- The group had a slightly higher rate of part-time employment than a year ago and continued to show a strong preference for online shopping.
- Standouts brands with teenagers include Lululemon (NASDAQ:LULU), MAC Cosmetics (NYSE:EL), Victoria's Secret (NYSE:LB), Nike (NYSE:NKE), Ralph Lauren (NYSE:RL), Urban Outfitters (NASDAQ:URBN), privately-held Forever 21, and Michael Kors (NYSE:KORS).
- Vineyard Vines continues to be a teen favorite as it slices off a larger piece of the teen spending pie. The privately-held company is up to 48 stores and 97 retail locations.
- Department store chains didn't resonate particularly with the teenager crowd in the Piper survey.
Tue, Apr. 14, 7:51 AM
- Luxury spending in Europe appears to be on the rise, notes retail watcher Rahul Sharma.
- The analyst notes Audi, BMW, and Mercedes-Benz all posted March sales records.
- Yesterday, LVMH (OTCPK:LVMHF, OTCPK:LVMUY) reported sales increased 16% to €8.3B $8.8B (+3% ex-currency) in Q1 off of a tough comparable period. Sales for the selective retailing category were up 20% Y/Y.
- The trend could set up well for Tiffany (NYSE:TIF), Ralph Lauren (NYSE:RL), Coach (NYSE:COH), Michael Kors (NYSE:KORS), Hermes (OTCPK:HESAF, OTCPK:HESAY), and Richemont (OTCPK:CFRUY, OTCPK:CFRHF) which have suffered a bit with Chinese tourism to Europe down.
Tue, Apr. 7, 2:47 PM
- Global clothing stocks are outperforming broad market averages on the day.
- There was some positive commentary out early from Credit Agricole which may have set up the sector for some bids.
- Demand has been improved of late in some Asian markets, while F/X challenges continue to be a large drag for some sellers.
- On the expense side, cotton prices are 28% below the level of a year ago.
- Gainers: Lululemon (LULU +4.2%), Sequential Brands Group (SQBG +6.8%), PVH Corp. (PVH +1.6%), Iconix Brand Group (ICON +1.2%), Ralph Lauren (RL +1.3%), G-III Apparel (GIII +2.1%), Michael Kors (KORS +2%).
Wed, Apr. 1, 9:21 AM
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