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Gap Inc January Sales up 1%; Raises 2010 EPS Guidance to $1.85 to $1.86
Thursday, February 3, 2011 - 9:06am | 88Gap Inc. (NYSE: GPS) today reported that January 2011 net sales increased 6 percent compared with last year. Net sales for the four-week period ended January 29, 2011 were $843 million compared with net sales of $797 million for the four-week period ended January 30, 2010. The company's comparable...
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Piper Jaffray Maintains Zumiez Neutral Rating, $25 PT (ZUMZ)
Thursday, February 3, 2011 - 8:59am | 114Piper Jaffray maintained its Zumiez (NASDAQ: ZUMZ) Neutral rating and $25 price target in a research report published today. In the report, Piper Jaffray states, "ZUMZ reported a strong +15.3% January comp, which was ahead of consensus estimates of +8.1% and LY's +1.8%. With business trending...
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Stage Stores January Same-Store Sales Rise 5.1%
Thursday, February 3, 2011 - 7:14am | 75Stage Stores (NYSE: SSI) reported 5.1% rise in its January same-store sales. SSI total sales for the four weeks ended January 29, 2011 rose 7.6% y/y to $72 million. SSI reported 2.5% rise in its Q4 same-store sales. SSI reported its Q4 revenue at $454 million, versus the consensus of $452.59...
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Options Brief: Foot Locker (FL)
Wednesday, February 2, 2011 - 1:06pm | 82Shares of Foot Locker (NYSE: FL) are lower on the session by 3.55%, trading at $17.37. Overall put volume is now running at 2.84x the daily average, with 58% of all puts traded being purchases on the offer. 1,793 contracts have traded on the session so far. Foot Locker, Inc. is a global retailer...
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Goldman Sachs Suggests Selling Covered Calls on Limited Brands (LTD)
Wednesday, February 2, 2011 - 10:51am | 151Goldman Sachs is out with a research note this morning, where it suggests that traders sell covered calls on Limited Brands (NYSE: LTD). Goldman Sachs Retail Specialty Apparel analyst, Michelle Tan, rates LTD as a Sell, noting that she sees limited upside in near-term. The analyst feels that...
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News Summary
Wednesday, February 2, 2011 - 10:33am | 227Shares of Mattel Inc (NASDAQ: MAT) gained about 4.3% after the company reported upbeat Q4 earnings. The company's earnings came in at $0.89 per share. However, analysts were expecting earnings of $0.86 per share. The company reported its Q4 net sales of $2.12 billion, up from $1.96 billion, in the...
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Piper Jaffray Downgrades Citi Trends To Underweight, Lowers PT To $19 (CTRN)
Wednesday, February 2, 2011 - 9:42am | 151Piper Jaffray downgraded its Citi Trends (NASDAQ: CTRN) rating to Underweight from Neutral and lowered Citi Trends' price target to $19 from $24 in a research report published today. In the report, Piper Jaffray states, "Based on a proprietary analysis of inflationary pressure and stimulus benefits...
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Piper Jaffray Downgrades Citi Trends To Underweight, PT To $19
Wednesday, February 2, 2011 - 8:31am | 29Piper Jaffray has downgraded Citi Trends, Inc. (NASDAQ: CTRN) from Neutral to Underweight and has lowered the price target from $24 to $19.
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Piper Jaffray Downs CTRN To Underweight
Wednesday, February 2, 2011 - 7:20am | 51Analysts at Piper Jaffray downgrade Citi Trends Inc (NASDAQ: CTRN) from “neutral” to “underweight.” The target price for CTRN has been lowered from $24 to $19. CTRN shares fell 0.66% to close at $22.75 yesterday. More Analyst Ratings here
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Money Flows Out of Bonds into Equities 02-01-2011
Tuesday, February 1, 2011 - 6:49pm | 809Cusick's Corner While the City of Chicago hunkers down for the snowstorm of the decade, the bond market is covering up like Rocky when he fought Apollo Creed in Rocky I. This is important for the market, the money that is moving out of bonds needs to work somewhere and US equities continue to be...
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The TJX Companies Strengthens Management Structure
Tuesday, February 1, 2011 - 11:40am | 179The TJX Companies, Inc. (NYSE: TJX) today announced that its Board of Directors approved a new management structure as part of the Company's ongoing leadership succession planning. Carol Meyrowitz, 56, continues as Chief Executive Officer as well as a Director of The TJX Companies and has entered...
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Gap Inc. Announces Departure of President of Gap Brand for North America
Tuesday, February 1, 2011 - 9:38am | 33Gap Inc. (NYSE: GPS) today announced that Marka Hansen will step down as president of Gap North America and will leave the company, effective February 4.
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Cowen Upgrades MW To Outperform
Tuesday, February 1, 2011 - 8:39am | 40Analysts at Cowen upgrade Men's Wearhouse Inc (NYSE: MW) from “neutral” to “outperform.” MW shares gained 0.92% to close at $26.21 yesterday. More Analyst Ratings here
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New York & Company, Inc. Names Gregory Scott as CEO
Tuesday, February 1, 2011 - 8:33am | 108New York & Company, Inc. (NYSE: NWY), a specialty apparel chain with 555 retail stores, today announced in accordance with its succession plans the promotion of Gregory Scott, President, to the role of Chief Executive Officer effective February 12, 2011. As previously announced, Richard P....
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Suntech Wins Siemens Contract - Analyst Blog
Monday, January 31, 2011 - 6:01pm | 574Solar panel producer, Suntech Power Holdings Company Ltd. (STP) signed an agreement with German engineering conglomerate, Siemens AG (SI). Per the agreement Suntech will supply photovoltaic modules for Siemens planned European solar projects. Based in Wuxi, China, Suntech Power Holdings Company...