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Monday, April 15, 1:29 PM The LVMH read-through to luxury stocks: The LVMH report is consistent with the latest batch of retail sales data from China which indicates solid growth is still out there - but just not at the frothy levels of years past. An important trend to watch is that demand in Europe is getting considerable support from the steady string of tourists pouring in from China which magnifies the impact that Chinese consumers have on the sector. Comment! [Consumer, Global & FX]
Monday, April 15, 6:52 AM China retail sales rose 12.6% Y/Y in Q1 to 5.5451T yuan ($887.22B), according to government data. The pace of growth was a slight improvement over last month's mark and slightly beat estimates but a crackdown on corruption appears to be having an impact on luxury spending and could affect companies in the sector. On watch: EL, RL, COH, KORS, WRC, LVMHF.PK, GUCG.PK. Comment! [Consumer, Global & FX]
Monday, March 11, 9:06 AM China retail sales grew 12.3% in the January to February period, below the estimate of analysts which called for a 13.8% gain. The downtick could be one of the first signs that a government crackdown on lavish spending by government bigwigs may actually register on the sales needle. On watch: EL, RL, COH, KORS, WRC, LVMHF.PK, GUCG.PK. 1 Comment [Consumer, Global & FX]
Thursday, February 7, 6:04 PM PVH and Big Lots (BIG) are swapping indices: PVH is joining the S&P 500, and Big Lots is moving to the S&P MidCap 400. Also joining the MidCap 400 are CommVault (CVLT), which is replacing Warnaco Group (WRC), and Primerica (PRI), which replaces soon-to-be-acquired Shaw Group.. Titan (TWI) will take CommVault's current spot in the S&P SmallCap 600. PVH +1.8% AH. BIG -2%. TWI +3.1%. PRI +2.9%. Comment! [Consumer, Tech, Financials, On the Move]
Wednesday, February 6, 10:31 AM A rousing Q4 report from Ralph Lauren (RL +7.7%) is broad enough in its implications to help lift other high-end apparel companies. The bull theme on the sector is that incremental improvement in Europe is possible and that with the proper execution global sales can accelerate. Advancers: PVH Corp (PVH +4.5%), Warnaco (WRC +1.5%), V.F. Corporation (VFC +1.7%). Comment! [Consumer, On the Move]
Monday, January 28, 10:22 AM The National Retail Federation forecasts 2013 retail sales will increase at a rate of 3.4%, lower than the 4.2% rise seen in 2012. Consumer attitudes will be influenced by higher payroll taxes and the ongoing fiscal cliff drama before improving in the second half of the year, according to the trade group. Retailers with strong online businesses should be able to ride out the moderate growth period adequately with online sales forecast to rise between 9% and 12% for the year. 9 Comments [Consumer]
Monday, November 5, 2012, 5:48 PM Warnaco (WRC): Q3 EPS of $1.15 in-line. Revenue of $611.5M (-5.2% Y/Y) misses by $33M. (PR) Comment! [Earnings, Consumer]
Wednesday, October 31, 2012, 12:45 PM Midday top 10 gainers: SHF +46%. WRC +37%. OPNT +29%. RRGB +25%. MPAC +23%. RCON +23%. HNSN +20%. CVLT +20%. ARWR +20%. GPRE +19%. Midday top 10 Losers: IQNT -35%. OXF -31%. BCRX -29%. WU -28%. PBIB -25%. CRNT -24%. CHRM -20%. CBAK -18%. RVBD -19%. NBG -18%. 2 Comments [On the Move]
Wednesday, October 31, 2012, 5:13 AM Phillips-Van Heusen (PVH) agrees to acquire Warnaco (WRC) for about $2.9B in cash and stock in a deal that "reunites the House of Calvin Klein." Based on PVH's last closing stock price, the deal is worth $68.43 a share, representing a 34% premium over Warnaco's close on Friday. PVH has also received commitments for $4.33B in financing from Barclays (BCS), BofA (BAC) and Citigroup (C), some of which PVH will use for the merger. (PR) Comment! [Top Stories, M&A, Consumer]
Monday, October 22, 2012, 1:14 PM Retailers want to edge into the holiday shopping season as early as possible this year with most forecasts calling for steady - but not spectacular - spending numbers. Trends to watch: 1) Increased online couponing and promotional activity from fringe players. 2) Managing inventory should be easier with the season starting early and big data initiatives firing up which could help margins. 3) The calendar comes through for retailers with a lush 32-day window between Thanksgiving and Christmas extending the crucial part of the season. 2 Comments [Consumer]
Monday, October 15, 2012, 8:54 AM Bain & Co. warns growth in the luxury market will slow to 5% this year with spending in China the biggest area of concern. Just last year, the sector was cruising along at a double-digit growth pace. The influence of Chinese consumers on the global luxury market continues to be dramatic with the nation now accounting for half of all luxury purchases in Asia and close to a third in Europe. On watch: RL, COH, KORS, GUCG.PK, WRC, TIF, LVMHF.PK. 1 Comment [Consumer, Global & FX]
Thursday, October 11, 2012, 5:40 AM Burberry (BURBY.PK) spikes 8.2% in London after the company confirms falling demand for luxury goods in Asia, particularly China, but reports comparable-sales growth of 1% in Q2. While that's well down from 16% last year, it's above Burberry's previous guidance. Last month, a profit warning sent its shares tumbling over 20% and hit its U.S. peers. On watch today are COH, RL, WRC, KORS and TIF. (PR) Comment! [Consumer, On the Move]
Thursday, October 4, 2012, 7:57 AM The vibe flowing out of September sales reports from retailers is largely positive with big names such as Costo and Limited Brands showing brisk sales, while teen seller Zumiez (ZUMZ) knocked it out of the park with 18.6% growth. Although back-to-school season numbers look to be beating expectations, the best gift for retail investors may be when Q3 reports roll in with companies showing improved margins as clearance sales were avoided and inventory controls clicked. Comment! [Consumer]
Thursday, September 27, 2012, 12:44 PM Young shoppers are the force behind the rapid growth of showrooming with their grasp on how to use mobile devices to find the best deals, according to research by AlixPartners. Naturally, Amazon (AMZN +2.2%) appears to be a beneficiary of the trend, but brick-and-mortar retailers could have a secret weapon. A retail brief published by Aimia suggests that the very same savvy young shoppers who make showrooming a force of habit are also the most loyal reward program participants. The end game: A loyalty program with soft benefits could steal Amazon's thunder. 2 Comments [Consumer]
Monday, September 24, 2012, 9:58 AM Luxury stocks starts to get a second look after recent earnings reports from Prada and Michael Kors (KORS -1.9%) show that the doom and gloom following a warning from British firm Burberry might not be fully warranted across the sector. Analysts say there could be light at the end of the tunnel for select names as "newness" and "iconic designs" define the winners. On watch: RL, COH, MAGOF.PK, TIF, WRC. Comment! [Consumer]
Tuesday, September 11, 2012, 1:28 PM Europe-based analysts see the selloff in Burberry (BURBY.PK -19.0%) as a bit overdone in relation to the actual profit warning issued by the luxury-goods maker. To back their case, they note that a number of other European high-end sellers have been positive in the last weeks including LVMH (MAGOF.PK 0.0%) which backed its H2 forecast. If they're on to something, luxury names on this side of the pond may have sold off a bit harshly off of Burberry-centric news: COH -1.9%, RL -2.9%, WRC -0.7%, KORS -1.9%, TIF -1.3%. Comment! [Consumer, On the Move]

WRC The Warnaco Group, Inc.

WRC

The Warnaco Group, Inc.