Yesterday, 9:18 AM
- Kohl's (NYSE:KSS) is testing an off-price concept, notes Retail Dive.
- The company will use a pilot store in New Jersey to gauge response to selling deeply discounted returned items.
- Earlier this month, Macy's unveiled its own off-price strategy.
- Previously: Macy's to test off-price concept (May. 05 2015)
Mon, May 18, 2:55 PM
- Department store chains Kohl's (KSS -0.3%), Macy's (M +2.3%), and J.C. Penney (JCP -0.6%) are moving to a higher mix of local and digital advertising as they leverage data they have mined from loyalty programs and spending histories, according to AdAge.
- Implementing "personal touches" into marketing messages is seen as a way to increase brand awareness and conversions.
- Total advertising spending for some companies in the sector has been on the decline.
Thu, May 14, 9:16 AM
Thu, May 14, 7:28 AM
- Kohl's (NYSE:KSS) trades lower after sales come in lower than expectations.
- Comparable-store sales were up 1.4% during the quarter.
- Gross margin rate +10 bps to 36.9%.
- Operating income rate -10 bps to 6.8%.
- SG&A expense rate flat at 24.6%.
- Inventory +4.6% to $4.165B.
- Store count +4 Y/Y to 1,164.
- Previously: Kohl's beats by $0.08, misses on revenue
- KSS -5.3% premarket.
Thu, May 14, 7:17 AM
Wed, May 13, 5:30 PM
Wed, May 13, 9:02 AM
- Department store stocks are on watch after a disappointing Q1 report from Macy's and a weak read on the sector from the Department of Commerce with its April Retail Sales report.
- Department store sales fell 2.2% M/M and 5.1% Y/Y in April.
- Previously: Macy's -2.6% as sales come in light (May 13)
- Previously: Retail sales continue to slow (May 13)
- Related stocks: DDS, M, SSI, BONT, SHLD, JCP, KSS, JWN.
Tue, May 12, 7:01 AM
- Jefferies lifts estimates on Kohl's (NYSE:KSS) ahead of the department store operator's Q1 earnings report.
- The investment firm increases its price target on the Buy-rated stock to $85 to adjust for the new EPS expectations.
- Kohl's reports Q1 results on Thursday with analysts expecting revenue of $4.178B and EPS of $0.57.
- KSS +21.7% YTD.
Tue, Apr. 14, 7:15 PM
- Goldman Sachs offers three criteria on how to pick stocks to short: Look for individual stocks with high valuations that have a tendency to underperform; take hints from mutual funds as they do a good job of selecting shorts; and look for stocks that are likely to move on company-specific factors and are less prone to moving with general market and sector trends.
- Among the overvalued stocks Goldman thinks could drop are CELG, ORLY and RHT; stocks underweight by mutual funds that could fall are HST, CTL and EQR; and likely to deviate from the broad market and their sectors are KLAC, JEC and COH.
- Rounding out Goldman's 19 stock recommendations that could reward short sellers: ARG, DO, DISCA, FLS, KSS, MOS, NDAQ, NVDA, TDC, WU.
Tue, Apr. 7, 12:43 PM
- Kohl's (KSS +0.1%) trades higher after channel checks from MKM Partners indicate strong sales trends for Q1.
- The investment firm thinks Kohl's comp sales may top expectations.
- Athleisure and electronics are two categories identified as standing out for the department store chain.
- SA contributor Equity Watch has a deeper dive into Kohl's increased focus into fitness and health products.
Tue, Mar. 24, 3:54 PM
- Buyback-happy U.S. firms are prohibited from repurchasing shares from about five weeks prior to releasing quarterly earnings to about 48 hours after those reports. These blackout periods, says Goldman, may offer an especially tasty time for investors to pick up shares of their favorites.
- "High valuations in the absence of corporate demand may weigh on stock prices," says Goldman's Amanda Sneider, and particular areas of focus are tech, consumer discretionary, and financials - they've accounted for more than 50% of buyback activity.
- Goldman's buyback blackout theme buys: SanDisk (NASDAQ:SNDK), Yahoo (NASDAQ:YHOO), Travelers (NYSE:TRV), Apple (NASDAQ:AAPL), Juniper Networks (NYSE:JNPR), Xerox (NYSE:XRX), Torchmark (NYSE:TMK), F5 Networks (NASDAQ:FFIV), Citrix Systems (NASDAQ:CTXS), Aon (NYSE:AON), Moody's (NYSE:MCO), VeriSign (NASDAQ:VRSN), Hartford Financial (NYSE:HIG), Ameriprise (NYSE:AMP), Corning (NYSE:GLW), Time Warner (NYSE:TWX), Seagate Technology (NASDAQ:STX), Viacom (NASDAQ:VIAB), Legg Mason (NYSE:LM), XL Group (NYSE:XL), DirecTV (NASDAQ:DTV), Allstate (NYSE:ALL), Nvidia (NASDAQ:NVDA), CBS (NYSE:CBS), Macy's (NYSE:M), Kohl's (NYSE:KSS).
Thu, Feb. 26, 8:14 AM
- Kohl's (NYSE:KSS) reports comparable-store sales rose 3.7% in Q4.
- Gross margin rate fell 14 bps to 33.88%.
- Operating income rate -33 bps to 10.32%.
- Merchandise inventory declined 1.55% to $3.814B.
- Store count +4 Y/Y to 1,162.
- FY2015 Guidance: Total sales: +1.8% to +2.8%; Comparable-store sales: +1.5% to +2.5%; Gross margin rate: +0 to +20 bps; SG&A expense: +1.5% to +2.5%; D&A: $940M; Interest expense: $335M; Tax rate: 37%; Diluted EPS: $4.40 to $4.60; Capex: $800M.
- KSS +2.26% premarket.
Thu, Feb. 26, 7:21 AM
Wed, Feb. 25, 5:30 PM
- ACIW, ACTA, AES, AKRX, AMCX, AMWD, ANSS, ARCC, BDBD, BIN, BUD, CCG, CHS, CNP, CNSL, CRI, CWEI, CYBX, DDD, EME, EXH, EXLP, FCH, FIG, FRO, GCAP, GOGO, HAWK, HEES, HSC, HSNI, ICON, IQNT, IRDM, ITC, KOP, KSS, LKQ, LPI, LTM, MBLY, MDXG, MGLN, MITL, MRGE, [[NTi]], NTLS, NXST, NXTM, OGE, ONE, RHP, SDRL, SEAS, SFY, SHLD, SNAK, SNH, SNMX, SRE, SRPT, TASR, TD, TICC, TWI, VAC, VC, VICL, WAC, WNR, XCRA, ZEUS
Tue, Feb. 24, 11:23 AM
- Data from NPD Group confirms that athleisure and casualwear are providing the strongest growth in the fashion industry.
- Apparel sales growth was flat Y/Y in 2014 at $208.3B.
- Footwear sales +2% to $62B.
- Accessories +2% to $52.7B.
- Categories with strong demand included sports bras, polo/golf/rugby tops, children's footwear, sports jerseys, handbags, leggings, and jewelry accessories.
- NPD says an "underlying sense of rebellion" driven by millennials is a major factor in the sector.
- Apparel/footwear stocks: CROX, DECK, WWW, SHOO, SKX, SCVL, BWS, FL, FINL, NKE, KATE, ANN, LULU, PVH, VNCE, CRI, UA, HBI, VFC, COLM, GIL, SQBG, JCP, KSS, DDS, M, JWN, ARO, AEO, ANF, WTSL, TLYS, CACH, ZUMZ, PSUN, EXPR, BKE, GIII, SQBG, HBI, VRA, ICON, BWS, PERY, DXLG, BONT, GES, URBN, RL,GIL, OXM, HBI, VNCE, PERY, ICON.
Fri, Feb. 20, 9:52 PM
- Some false alarms earlier, but the AP reports (and union spokesmen and the PMA started confirming) that agreement has been reached with West Coast dockworkers.
- The deal would end a nine-month negotiation that has led to significant slowdowns at 29 West Coast U.S. ports. Labor Secretary Thomas Perez urged the PMA and union workers to come to agreement today.
- The contract still needs union ratification.
- Affected furniture stocks: RH, PIR, HVT, BBBY, ETH, HOFT, OTCQB:BEST, W, LZB, OTCPK:LEFUF, BSET.
- Apparel stocks: KATE, ANN, LULU, PVH, VNCE, CRI, UA, HBI, VFC, COLM, GIL, SQBG, JCP, KSS, DDS, M, JWN, ARO, AEO, ANF, WTSL, TLYS, CACH, ZUMZ, PSUN, EXPR, BKE, GIII, SQBG, HBI, VRA, ICON, SHOO, BWS, PERY, DXLG, BONT, GES, URBN, RL,GIL, NKE, OXM, HBI, VNCE, PERY, ICON, FL.
- Previous coverage of the slowdown
KSS vs. ETF Alternatives
Kohl's Corp operates department stores that sell moderately priced exclusive and national brand apparel, footwear, accessories, beauty and home products. Itswebsite includes merchandise available in stores, and merchandise available only on-line.
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