-
Piper Jaffray Reports On JCP At Its Consumer Conference
Thursday, June 9, 2011 - 8:51am | 168Piper Jaffray is reiterating its Neutral rating and its $37 price target on J.C. Penney Co. (NYSE: JCP) after speaking to JCP's EVP of Product Design and Sourcing Ken Mangone at the 31st Annual Piper Jaffray Consumer Conference. According to Piper Jaffray, “An experienced sourcing team helps...
-
Brian Sozzi Says Target & Shareholders Off The Mark At Shareholder Meeting
Wednesday, June 8, 2011 - 3:20pm | 265In a research note, Brian Sozzi of Wall Street Strategies has a note on Target (NYSE: TGT), as the company held its annual shareholder meeting today. In the note, Sozzi talks about the many different initiatives Target is undertaking, such as pushing into Canada, remodeling U.S. stores, and...
-
Earnings Preview for Oxford Industries
Monday, June 6, 2011 - 9:09am | 359Oxford Industries (NYSE: OXM) will be reporting its first-quarter fiscal 2011 results tomorrow, June 7, after the closing bell. Investors are interested in continued momentum at Tommy Bahama and growth at Lilly Pulitzer, and whether the report can boost shares again like the previous one did....
-
Why the World's Biggest Retailer is Doomed
Friday, June 3, 2011 - 4:08pm | 446The history of retailers in the United States has been a history of cycles. Retailers have come and gone: Hudson's (NYSE: M), Service Merchandise, and Montgomery Ward to name but a few. All these companies were economically dominant at one point in time, but have now gone the way of the dinosaurs....
-
Goldman Sachs Comments Macy's Management Meeting
Friday, June 3, 2011 - 9:03am | 110According to Goldman Sachs, Macy's (NYSE: M) held a management meeting. Goldman Sachs said that its meeting with senior Macy's management focused on inflation as it met with their private brand, merchandising and sourcing teams. “Macy's continues to capitalize on its one Macy's buying and...
-
Citigroup's PT Changes On JCP, M
Friday, June 3, 2011 - 6:23am | 36Citigroup's Retail price target changes today include: JC Penney (NYSE: JCP) from $52 to $45, Buy Macy's (NYSE: M) from $44 to $45, Buy
-
Previewing & Trading Tomorrow's Important Economic Reports
Thursday, June 2, 2011 - 1:50pm | 389Tomorrow is a major day in terms of economic reports, with the largest report being the May Nonfarm Payroll report due out before the start of trading. Previewing the various economic reports will give traders a good idea on how to play them, whether it be long or short. At 8:30 a.m., the Bureau...
-
Retail Sales Roundup For June 2
Thursday, June 2, 2011 - 9:07am | 802Costco Wholesale Corp (NASDAQ: COST) reported a 13% rise in its May comparable-store sales on Thursday. The retailer's net sales surged 17% to $7.14 billion, from $6.09 billion in the year-ago month. However, analysts expected same-store sales to rise 11.2% for the month. Its same-store sales...
-
UPDATE: Nordstrom Reports Stronger-Than-Expected May Same-Store Sales
Thursday, June 2, 2011 - 8:56am | 62Nordstrom Inc (NYSE: JWN) reported a 7.4% rise in its May same-store sales on Thursday. Nordstrom's total retail sales for the four-week period ended May 28 climbed 13% to $796 million. Analysts were expecting same-store sales to increase 5.9%. Nordstrom shares closed at $45.07 yesterday. Read...
-
J. C. Penney Company May Comparable Store Sales Down 1.0%
Thursday, June 2, 2011 - 8:38am | 30J. C. Penney Company, Inc. (NYSE: JCP) reported today that its comparable store sales for the four-week period ended May 28, 2011, decreased 1.0 percent.
-
Kohl's May Comparable Store Sales up 0.8%
Thursday, June 2, 2011 - 8:33am | 50Kohl's Corporation (NYSE: KSS) reported today that for the four-week month ended May 28, 2011 total sales increased 2.5 percent and comparable store sales increased 0.8 percent over the four-week month ended May 29, 2010. Year to date, total sales increased 3.0 percent and comparable store sales...
-
Saks May Comparable Store Sales up 20.2%
Thursday, June 2, 2011 - 8:32am | 44Retailer Saks Incorporated (NYSE: SKS) today announced that owned sales totaled $208.2 million for the four weeks ended May 28, 2011 compared to $177.5 million for the four weeks ended May 29, 2010, a 17.3% increase. Comparable store sales increased 20.2% for the month.
-
Nordstrom May Same-Store Sales up 7.4%
Thursday, June 2, 2011 - 8:28am | 56Nordstrom, Inc. (NYSE: JWN) today reported a 7.4 percent increase in same-store sales for the four-week period ended May 28, 2011 compared with the four-week period ended May 29, 2010. Preliminary total retail sales of $796 million for May 2011 increased 13.0 percent compared with total retail...
-
UPDATE: Dillard's Reports 2% Surge In May Same-Store Sales
Thursday, June 2, 2011 - 8:27am | 64Dillard's Inc (NYSE: DDS) reported a 2% increase in its May same-store sales on Thursday. Dillard's total sales for the four weeks ended May 28 surged 2% to $434.7 million. However, analysts were expecting same-store sales to increase 3.5%. Dillard's shares fell 0.75% to close at $55.77...
-
Sterne Agee Comments On Macy's SSS
Thursday, June 2, 2011 - 8:18am | 222According to Sterne Agee, Macy's (NYSE: M) reported SSS of 7.4% exceeding our estimate of 5-6% and consensus of 4.3%. Sterne Agee said that two- and three-year SSS (8.9%/-1.0%) decelerated 300 bps 270 bps, respectively. “Year to date SSS were up 5.9%. Ecommerce sales were up 37.7% (+ 38.2% YTD)....