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.
Mon, Apr. 13, 12:10 PM
- The New York attorney general's office is looking into a number of retail chains over the trend of on-call shifts, according to Reuters.
- The companies are being asked to send information on their policies of last-minute scheduling changes for employee shifts and the costs saved from the disruptive practice.
- Williams-Sonoma (WSM +1.1%), Urban Outfitters (URBN +0.7%), Burling Coat Factory (BURL +0.8%), L Brands (LB -0.2%), and TJX Companies(TJX +0.1%) are among the retailers in receipt of a letter from the New York AG requesting information.
Thu, Apr. 9, 7:09 AM
- L Brands (NYSE:LB) reports comparable-store sales rose 9% in March.
- The early timing of Easter was a positive factor the the company.
- Victoria's Secret, Bath & Body Works, and L Brands all put up a 9% comp during the month.
- The retail chain added a net 3 stores from January 31 to April 4 to end the period with 2,972 stores.
Mon, Apr. 6, 6:54 AM
Tue, Mar. 24, 7:48 AM
- Topeka Capital Markets initiates coverage on L Brands (NYSE:LB) with a Buy rating.
- The bullish call arrives with L Brands just off all-time highs after gaining 59% over the last 52 weeks.
- The retailer reported strong sales in February across brands.
- Previously: L Brands sales call: Margin improvement across brands (Mar. 05 2015)
- Previously: L Brands same-store sales: +6% (Mar. 05 2015)
Thu, Mar. 5, 11:46 AM
- A strategic decision made by L Brands (LB +0.6%) on merchandise transport appears to be paying off.
- The Columbus Dispatch noted that the company opted several years ago to ship by air in a move aimed at helping it adjust on the fly to fashion preference shifts.
- Due to the strategy, L Brands has avoided many of the problems with winter and spring inventory linked to the port disruption on the West Coast.
- Victoria's Secret CEO Sharen Turney on the issue: "We were fortunate that we bypassed all the west coast strikes because we made decisions to air everything."
- L Brands has also caught a break recently with some global fast-fashion companies backing off of their aggressive U.S. expansion plans.
- Previously: L Brands same-store sales: +6%
- Previously: L Brands sales call: Margin improvement across brands
- Earnings call transcript
Thu, Mar. 5, 8:07 AM
- Shares of L Brands (NYSE:LB) are on watch after February same-store sales come in at +6% vs. +4.9% consensus estimate.
- On a prerecorded sales call, management said merchandise margins were up across brands.
- The Victoria's Secret comp was up 7%.
- The transition to the spring collection is going well. No mention of a negative impact from the West Coast port issue.
- An early Easter should have a meaningful impact on March comps, tip execs.
- Previously: L Brands same-store sales: +6%
Thu, Mar. 5, 7:08 AM
Wed, Feb. 25, 4:15 PM
- L Brands (NYSE:LB) reports comparable-store sales rose 6% in Q4.
- Comp sales by brand: Victoria's Secret +4%, Bath & Body Works +8%, L Brands +6%, Victoria's Secret Direct -2%.
- Operating income +12% Y/Y to $1.953B.
- Company-owned store count +8 Y/Y to 1,646.
- Franchise store count +62 to 650.
- Guidance: L Brands expects 2015 EPS of $3.45-$3.65 vs. $3.83 consensus.
- LB -1.48% after hours.
Wed, Feb. 25, 4:11 PM
Tue, Feb. 24, 5:35 PM
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Wed, Feb. 18, 2:09 PM
- JPMorgan sees a bounce in retail sales over the next two quarters as stronger employment rates and lower gas prices underpin demand.
- A screen by JP dug out the 12 stocks which show the largest correlation with headline retail sales growth.
- A dozen to watch in retail: GM, F, COH, SBUX, BWA, DLPH, VFC, IPG, LB, OMC, TSCO, HOG
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%).
Thu, Feb. 5, 8:29 AM
- Special dividends are back on the plate for investors in the retail sector.
- Costco (NASDAQ:COST), Stein Mart (NASDAQ:SMRT), and L Brands (NYSE:LB) have all announced a special dividend within the last week.
- Though the capital allocation strategy has been criticized in the past for lacking creativity, some analysts note that in the retail sector investing in too many stores hasn't paid off for everyone.
- The special dividend group mentioned above have all out-performed the S&P Retail ETF over the last year: XRT +19% vs Costco +39%, Stein Mart +35%, L Brands +65.
Thu, Feb. 5, 7:08 AM| 4 Comments
Thu, Jan. 22, 10:57 AM
- YouGov is out with its best brands of 2014 ranking.
- The methodology from the firm is based on positive or negative consumer perception to a brand as tested throughout the year.
- Top 5 Retail clothing brands: Victoria's Secret (NYSE:LB), Old Navy (NYSE:GPS), Kohl's (NYSE:KSS), Macy's (NYSE:M), and Men's Warehouse (NYSE:MW).
- Perhaps a surprise, but the two biggest positive movers on the list were Abercrombie & Fitch (NYSE:ANF) and Forever 21.
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