May. 12, 2014, 2:27 PM
- Some out-of-favor teen retailers are staging a comeback of sorts today - led by Aeropostale (ARO +7.1%), Wet Seal (WTSL +3.9%), and Abercrombie & Fitch (ANF +3.3%). Tilly's (TLYS +3.6%) and Buckle (BKE +2.3%) are also in on the action.
- There are some channel checks out indicating a pick-up in traffic at malls, although today's move looks to be led by momentum.
- The rush back into mall some retailers is helping to give a lift to the S&P Retail ETF (XRT).
Apr. 25, 2014, 8:37 AM
- Wet Seal (WTSL) +9.2% premarket after saying it will wind down its Arden B brand, as it turns its attention to shoring up its namesake brand.
- Arden B, which operates 54 mall-based stores and an e-commerce website, generated sales of $60M in the last fiscal year, ~11% of WTSL's total sales.
- WTSL expects to record annual pretax cost savings of ~$1.3M beginning in the July quarter.
- Reaffirms guidance for the April quarter of a loss of $0.16-$0.19/share and a same-store sales decline in the mid- to high teens.
Apr. 2, 2014, 9:17 AM
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Mar. 19, 2014, 9:22 AM
- Retail analysts are still buzzing over the 0.3% drop in apparel and clothing prices reported by the Department of Labor yesterday.
- The drop works out to 3.6% on an annualized basis and came during a month when prices are supposed to snap back from their holiday promotional fervor.
- Related stocks: ARO, ANF, AEO, ZUMZ, PSUN, BKE, EXPR, WTSL, TLYS, CACH, GPS, LULU, LB, ANN.
Mar. 14, 2014, 1:26 PM
- The Center for Labor Market Studies at Northeastern University is out with a shocking report on the unemployment rate of teenagers.
- A study by the group found that the percentage of teens that were employed dropped 19 percentage points to 26% during the period from 2000 to 2011. Some analysts think the rate is actually even lower today.
- One group that might not be shocked by the apparent cash-strapped nature of teenagers is apparel retailers. Firms up and down the sector have been rocked by weak traffic trends that are tied to more than winter weather.
- Related stocks: ARO, ANF, AEO, ZUMZ, PSUN, BKE, EXPR, WTSL, TLYS, CACH.
- Full report: The Plummeting Labor Market Fortunes of Teens and Young Adults. (.pdf)
Jan. 6, 2014, 8:58 AM
- Winter storms which dumped over ten inches of snow in a large number of U.S. cities (Boston, Chicago, Detroit, St. Louis, NYC region) has wreaked havoc on mall traffic, according to retail watchers.
- In some major cities, malls were completely closed down due to the extreme snow.
- The extended bout of wintry weather hit right as the sector was looking for a bounce from post-holiday deal shoppers and gift card conversions.
- Analysts think most of the anticipated sales will be recouped, although a lag factor could in play. Apparel sellers could be the hardest hit as inventory starts to look stale.
- On watch: AEO, ANF, ARO, JCP, JWN, KSS, URBN, APP, TLYS, GES, BKE, CHS, ASNA, CWTR, ANN, CBK, NWY, CACH, BODY, WTSL, CATO, BEBE, DDS, LB, PSUN, EXPR, DDS, M, GPS, SHLD.
- Related ETFs: XLY, VCR, FXD, FDIS, RCD, PEZ, PSCD
Dec. 23, 2013, 9:03 AM
- Warnings on slow store traffic at retailers are being heard far and wide from analysts as more channel checks disappoint.
- Ground zero for promotional activity in the sector appears to be mall-based apparel sellers which are throwing "shocking" deals at consumers to stoke sales and clear inventory.
- Weather has been a factor, but forward-looking insiders also see a paradigm shift. Consumers enabled with mobile devices have taken a hatchet to the amount of their holiday season impulse buying which typically helps retailers drive margins higher on select items at stores.
- On watch: AEO, ANF, ARO, JCP, JWN, KSS, URBN, APP, TLYS, GES, BKE, CHS, ASNA, CWTR, ANN, CBK, NWY, CACH, BODY, WTSL, CATO, BEBE, DDS, LB, PSUN, EXPR.
Dec. 18, 2013, 10:05 AM| Comment!
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