Luxury retailer Coach (NYSE: COH ) has lost its wheels in 2014, while competitors Michael Kors (NYSE: KORS ) and Kate Spade (NYSE: KATE ) are chugging along nicely. Coach's bad times started when the company declared disappointing second-quarter results in late January. Its North American comps declined 13.6% while its overall revenue dropped 6%.
Coach could not escape the adverse climate conditions that prevailed in the U.S., while competition from Kors and Spade also throttled its growth.
Challenges in China
China was the only bright spot for Coach; its total sales in the region grew 25% and its comparable-store sales rose at a double-digit rate. The company opened 10 new stores at key locations in China: two in Hong Kong and eight in mainland China. Coach now has a total of 142 stores in China, with 122 stores on the mainland. In addition, it is positive about its prospects in the rest of the Asia-Pacific region, where it is opening stores in Taiwan, Singapore, Korea, and Malaysia.
10 Best Information Technology Stocks To Own Right Now: ANN Inc (ANN)
ANN INC., incorporated in 1988, through its wholly owned subsidiaries, is a specialty retailer of women�� apparel, shoes and accessories sold primarily under the Ann Taylor and LOFT brands. The Company�� Ann Taylor and LOFT brands offers a range of career and casual separates, dresses, tops, weekend wear, shoes and accessories. It offers updated past season sellers from the Ann Taylor and LOFT merchandise collections at its Ann Taylor Factory and LOFT Outlet stores, respectively, and the clients can also shop online at www.anntaylor.com and www.LOFT.com (together, Online Stores), or by phone at 1-800-DIAL-ANN and 1-888-LOFT-444. As of January 28, 2012, it operated 953 retail stores in 46 states, the District of Columbia and Puerto Rico, consisted of 280 Ann Taylor stores, 500 LOFT stores, 99 Ann Taylor Factory stores and 74 LOFT Outlet stores.
Substantially all of the Company�� merchandise is developed by its in-house product design and development teams, who design merchandise exclusively for the Company. A small percentage of its merchandise is purchased through branded vendors, which is selected to complement its in-house assortment. The Company sourced merchandise from approximately 138 manufacturers and vendors in 19 countries. Approximately 42% of its merchandise unit purchases originated in China, 13% in the Philippines, 14% in Indonesia, 14% in India, and 13% in Vietnam. The Company�� wholly owned subsidiary, AnnTaylor Distribution Services, Inc., owns its 256,000-square-foot distribution center located in Louisville, Kentucky. The distribution center is located on approximately 27 acres. Its merchandise is distributed to stores, including the Online Stores, through this facility.
An average Ann Taylor store is approximately 5,500 square feet in size. The Company operates two Ann Taylor flagship stores, one located in New York City and one located in Chicago. LOFT stores average approximately 5,800 square feet. The Company also operates one LOFT flagship store! on the ground floor of 7 Times Square, its corporate headquarters, in New York City. During the fiscal year ended January 28, 2012 (fiscal 2011), it opened 14 LOFT stores that averaged approximately 5,500 square feet. Ann Taylor Factory stores average approximately 7,100 square feet. LOFT Outlet stores average approximately 7,000 square feet. During fiscal 2011, its LOFT Outlet stores were 38 new stores that averaged approximately 7,600 square feet.
Advisors' Opinion:- [By John Kell and Lauren Pollock var popups = dojo.query(".socialByline .popC"); ]
Liberty Media Corp.(LMCA) dropped its proposal to acquire the rest of satellite-radio provider Sirius XM Holdings Inc.(SIRI) that the media-investment company doesn’t already own. The company Ann(ANN)ounced the withdrawn offer along with a plan to create two new tracking stocks. Series A shares climbed 7.4% to $135.46 premarket.
- [By Lisa Levin]
ANN (NYSE: ANN) shares jumped 5.11% to touch a new 52-week high of $38.43 after analysts at Jefferies upgraded the stock from Hold to Buy.
Tiffany & Co (NYSE: TIF) shares reached a new 52-week high of $93.41. Tiffany's trailing-twelve-month operating margin is 19.44%.
- [By Seth Jayson]
ANN INC (NYSE: ANN ) reported earnings on June 6. Here are the numbers you need to know.
The 10-second takeaway
For the quarter ended May 4 (Q1), ANN INC met expectations on revenues and beat expectations on earnings per share. - [By Rich Smith]
Why? Well, the high-profile announcement that ANN (NYSE: ANN ) had managed to cut its carbon emissions by 20% in just a few years, largely by installing LED lighting in its stores, may have perked up companies' interest in LEDs recently. In theory, at least, this should result in greater demand for the widgets and greater demand for the machines that make the widgets, which Aixtron itself manufacturers as well.
10 Best Retail Stocks To Own For 2014: AutoZone Inc.(AZO)
AutoZone, Inc. retails and distributes automotive replacement parts and accessories. The company?s stores offer various products for cars, sport utility vehicles, vans, and light trucks, including new and remanufactured automotive hard parts, maintenance items, accessories, and non-automotive products. Its automotive hard parts product line includes A/C compressors, batteries and accessories, belts and hoses, carburetors, chassis, clutches, CV axles, engines, fuel pumps, fuses, ignition, lighting, mufflers, starters and alternators, water pumps, radiators, and thermostats. The company?s maintenance items include antifreeze and windshield washer fluid; brake drums, rotors, shoes, and pads; chemicals, including brake and power; steering fluid, oil, and fuel additives; oil and transmission fluids; oil, air, fuel, and transmission filters; oxygen sensors; paint and accessories; refrigerant and accessories; shock absorbers and struts; spark plugs and wires; and windshield wiper s. Its discretionary product line comprises air fresheners, cell phone accessories, drinks and snacks, floor mats and seat covers, mirrors, performance products, protectants and cleaners, sealants and adhesives, steering wheel covers, stereos and radios, tools, and wash and wax products. The company also offers commercial sales program that provides the delivery of parts and other products to local, regional, and national repair garages, dealers, service stations, and public sector accounts. In addition, it sells the ALLDATA brand automotive diagnostic and repair software through the Website, alldata.com; and automotive hard parts, maintenance items, accessories, and non-automotive products through the Website, autozone.com. As of May 7, 2011, the company operated 4,467 stores in the United States and Puerto Rico, and 261 stores in Mexico. AutoZone, Inc. was founded in 1979 and is based in Memphis, Tennessee.
Advisors' Opinion:- [By Jonas Elmerraji]
Car parts retailer AutoZone (AZO) has been riding some big secular tailwinds for the last few years. As I write, the average passenger vehicle on the road in the U.S. today is 11.4 years old, the oldest average fleet age since automotive data firm Polk began collecting stats. With older cars on the road, costs to keep those cars running are climbing too – and that's helping to drive sales at AutoZone.
AutoZone owns close to 4,700 stores across the U.S., and the firm has been expanding its reach into Latin America in recent years, with another 300 locations in Mexico and four Brazilian locations. It's not just do-it-yourselfers that frequent AutoZone's stores; the firm has more than 3,000 commercial counters inside its retail stores, providing parts for repair shops and service stations. That double-pronged approach means that AZO is able to book part sales for smaller DIY jobs alongside repair jobs that need to be done at a shop.
The decision to expand into Mexico provides some big growth opportunities at AZO, as does its much smaller position in Brazil. Both of those markets have large vehicle fleets that are older on average than those in the U.S., so as AZO's ex-U.S. business scales up, it should begin to materially contribute to the larger firm.
Right now, investors hate this stock. AZO's short interest ratio comes in at 12.16.
Read More: 3 Big-Volume Stocks to Trade for Breakouts
10 Best Retail Stocks To Own For 2014: Bed Bath & Beyond Inc.(BBBY)
Bed Bath & Beyond Inc., together with its subsidiaries, operates a chain of retail stores. It sells a range of domestic merchandise, such as bed linens and related items, bath items, and kitchen textiles; and home furnishings, including kitchen and tabletop items, fine tabletop, basic housewares, general home furnishings, consumables, and certain juvenile products. The company also offers giftware, household products, and health and beauty care items; and infant and toddler merchandise. It operates stores under the names of Bed Bath & Beyond (BBB), Christmas Tree Shops (CTS), Harmon and Harmon Face Values (Harmon), and buybuy BABY. As of August 27, 2011, the company had a total of 1,155 stores, including 986 BBB stores, 70 CTS stores, 54 buybuy BABY stores, and 45 Harmon stores in 50 states, the District of Columbia, Puerto Rico, and Canada. It also operates two stores under the name of Home & More in the Mexico City through a joint venture. Bed Bath & Beyond Inc. was foun ded in 1971 and is based in Union, New Jersey.
Advisors' Opinion:- [By Ben Levisohn]
Not that the market wasn’t without its losers. Bed Bath & Beyond�(BBBY) fell after it lowered its earnings forecasts, while JC Penney (JCP) dropped 16% after releasing a statement that praised its holiday sales but offered no numbers to back it up.
- [By Charley Blaine]
In addition, more than 370 stocks in the stocks in the S&P 500 are lower this month. Best Buy Co. (NYSE: BBY) is the biggest loser, down 37.3%. Sixty-four stocks in the Nasdaq-100 Index are down for the month, with Bed Bath & Beyond (NASDAQ: BBBY) the laggard, down 19.6 percent. Mighty Apple (NASDAQ: AAPL), which reports its big fiscal-first-quarter results after the close, is down 2.7 percent.
- [By Monica Gerson]
Bed Bath & Beyond (NASDAQ: BBBY) shares dropped 5.38% to $64.25 after the company reported a drop in its fiscal fourth-quarter profit and issued weak outlook for the current quarter. Analysts at Bank of America downgraded the stock from Buy to Neutral and lowered the target price from $87 to $72.
- [By Anora Mahmudova]
Bed, Bath & Beyond Inc. (BBBY) �shares fell 6.2% after the houseware retailer�� forecast for the current quarter fell short of forecasts, and it posted a profit and revenue decline for the fiscal fourth quarter.
10 Best Retail Stocks To Own For 2014: Officemax Incorporated(OMX)
OfficeMax Incorporated, together with its subsidiaries, distributes business-to-business and retail office products. Its Contract segment markets and sells office supplies and paper, technology products and solutions, office furniture, and print and document services directly to large corporate and government offices, as well as to small and medium-sized offices through field salespeople, outbound telesales, catalogs, Internet, and office products stores. As of December 31, 2011, this segment operated 38 distribution centers in the United States, Puerto Rico, Canada, Australia, and New Zealand; 4 customer service and outbound telesales centers in the United States; and 47 office products stores in Canada, Hawaii, Australia, and New Zealand. The company?s Retail segment markets and sells office supplies and paper, print and document services, technology products and solutions, and office furniture to small and medium-sized businesses and consumers through a network of reta il stores. As of December 31, 2011, this segment operated 978 stores in the United States and Mexico; 3 large distribution centers in the United States; and 1 small distribution center in Mexico. The company, formerly known as Boise Cascade Corporation, was founded in 1913 and is headquartered in Naperville, Illinois.
Advisors' Opinion:- [By Mathew Schwartz]
AlamyA Starbucks coffee shop in downtown Beijing, China. • There are prices to be paid for expanding your economy at a gallop, and China pays plenty of them. Today, anyone looking out across that nation's northern cities can see that winter has arrived there -- or rather, they can't, because the smog is so appallingly bad. In the city of Harbin, for example, visibility dropped to around 11 yards Monday, and small-particle pollution soared to 40 times higher than the international safety standard -- a record, by the way, though one we're sure nobody would want to break. It's a pretty clear case of cause and effect: Harbin's city heating systems were fired up on Sunday, and by Monday, you could barely see your hand in front of your face. • While we're on the subject of the world's rising economic superpower, China has a big complaint with Starbucks (SBUX) -- and it's probably the same one you have: Why does it charge so much for coffee? This may shock those of us in the U.S. who feel we're paying through the nose for our lattes, but Starbucks charges more in China than it does elsewhere -- about a third more than in the United States. • But back in America, the biggest news involving your money today is a no-brainer: the continuing glitches in the Obamacare websites. The administration has called out the computer cavalry, expanding the team that's trying to get the system working properly. And President Obama plans to speak publicly about the problems Monday. But in the meantime, the website is producing far more complaints than anything else. • We all know that taking out a student loan requires filling out a raft of complicated paperwork, but paying it back, at least, ought to be simple. Unfortunately, it's not, the advocates over at the Consumer Financial Protection Bureau inform us in a new report. Some loan servicers -- the companies lenders hire to collect payments on private student loans -- make a concerted effort to maximize fee
- [By Holly LaFon]
The company�� primarily competitors are Office Depot (ODP), United Stationers (USTR) and Office Max (OMX). Staples has the best gross margins of its competitors, at greater than 26%, and the only one to increase its book value per share since 2001.
- [By Eric Volkman]
OfficeMax (NYSE: OMX ) is keeping its dividend level. It will hand out a disbursement of $0.02 per share of its common stock on May 31 to shareholders of record as of May 15. This amount matches each of the firm's previous three payouts, the most recent of which was paid in late February.
10 Best Retail Stocks To Own For 2014: Big Lots Inc (BIG)
Big Lots, Inc., incorporated in May 2001, through its wholly owned subsidiaries, is a North America's closeout retailer. At January 28, 2012, the Company operated a total of 1,533 stores in two countries: the United States and Canada. The Company operates in two segments: U.S. and Canada. The merchandising categories include Consumables, Furniture, Home, Seasonal, Play n' Wear, and Hardlines & Other. The Consumables category includes the food, health and beauty, plastics, paper, chemical, and pet departments. The Furniture category includes the upholstery, mattresses, ready-to-assemble, and case goods departments. The Home category includes the domestics, stationery, and home decorative departments. The Seasonal category includes the lawn and garden, Christmas, summer, and other holiday departments. The Play n' Wear category includes the electronics, toys, jewelry, infant accessories, and apparel departments. The Hardlines & Other category includes the appliances, tools, paint, and home maintenance departments. On July 18, 2011, the Company acquired Liquidation World Inc. During the fiscal year ended January 28, 2012 (fiscal 2011), the Company opened 92 stores, acquired 89 stores and closed 46 stores.
All of the Company�� stores are located in North America and has an average store size of approximately 29,900 square feet, of which an average of 21,600 square feet is selling square feet. The 54 owned stores are located in Arizona, California, Colorado, Florida, Louisiana, New Mexico, Ohio and Texas. At January 28, 2012, the Company owned or leased approximately 9.4 million square feet of distribution center and warehouse space. The Company leases and operates two regional distribution centers in Canada located in British Columbia and Ontario. Of its 1,533 stores, 33% operate in four states California, Texas, Ohio, and Florida, and net sales from stores in these states represented 36% of its fiscal 2011 net sales.
Advisors' Opinion:- [By Jeremy Bowman]
The employment report and continuing concerns in Ukraine dominated headlines, but there were still some individual stocks making news. Big Lots� (NYSE: BIG ) shares exploded today, moving up 23% on a strong earnings report. The closeout retailer posted earnings of $1.45 per share, down from a profit of $2.08, but better than estimates at $1.40. Revenue fell 6%, to $1.64 billion, above expectations of $1.41 billion, and same-store sales dropped 3%. Big Lots also said it would complete the closure of its Canadian stores in the current quarter, and projected EPS of $0.40-$0.45, below estimates at $0.50, and full-year per-share profit of $2.25-$2.45, within the range of estimates at $2.44. Same-store sales are projected to be flat to 2%. Big Lots' surge seems to speak to the market's low expectations for retailers this quarter, but Big Lots' flat growth makes it unlikely that investors will see many more days like this.
10 Best Retail Stocks To Own For 2014: Shoe Carnival Inc (SCVL)
Shoe Carnival, Inc. is a family footwear retailer. The Company offers customers an assortment of dress, casual and athletic footwear for men, women and children with emphasis on national and regional name brands. The Company�� stores averaged approximately 10,800 square feet, ranging in size from 6,000 to 26,500 square feet. As of January 28, 2012, the Company operated 327 stores located across 32 states and offered online shopping at www.shoecarnival.com. Its average store carries approximately 28,500 pairs of shoes in four general categories, such as men��, women��, children�� and athletics. In addition to footwear, its stores carry selected accessory items complementary to the sale of footwear.
The Company operates a single 410,000 square foot distribution center located in Evansville, Indiana. Women��, men�� and children�� non-athletic footwear categories are further divided into dress, casual, sport, sandals and boots. It classifies athletic shoes by functionality, such as running, basketball or fitness shoes. During the fiscal year ended January 28, 2012 (fiscal 2011), athletic styles, including children�� sizes, have represented approximately 50% of its footwear sales.
Advisors' Opinion:- [By Sue Chang]
Shoe Carnival (SCVL) �is forecast to post earnings of 52 cents a share in the third quarter.
- [By DailyFinance Staff]
Job creation last month was shockingly weak, but analysts couldn't really explain why –- other than to blame the weather -- which left investors unsure how to react Friday. Many analysts say the numbers are likely to be revised higher next month, and in the end, market reaction was muted. The Dow Jones industrial average (^DJI) lost ground for a third straight day, declining nearly 8 points, but the Standard & Poor's 500 index (^GPSC) added 4, and the Nasdaq composite index (^IXIC) rose 18 points. Target (TGT) lost more than a point after saying the data breach that began on Black Friday was much worse than previously thought. The company now says as many as 70 million customers had personal information stolen. Target also lowered its fourth quarter outlook, partly because sales slumped after the data breach was first revealed. Sears (SHLD) tumbled by around 13.5 percent. It expects a big quarterly loss as sales fell during the holiday shopping season. Several smaller, specialty retailers also fell: Pacific Sunwear (PSUN) slid 16 percent, Five Below (FIVE) fell 7 percent, Shoe Carnival (SCVL) lost 5 percent, and Conn's (CONN) lost 2 percent. But Abercrombie & Fitch (ANF) jumped 12 percent. It raised its earnings forecast as sales were not as bad as expected. Elsewhere, Alcoa (AA) fell about 5.5 percent. It's not quite the economic bellwether it used to be, but the aluminum giant still matters, and its net came in a bit shy of expectations. YRC Worldwide (YRCW) tumbled 13 percent after workers rejected a contract offer. That has raised fears the trucking company could be forced into bankruptcy. On the upside, the weak jobs report could keep mortgage rates from rising, and that boosted housing stocks. KB Homes (KBH) rose 3 percent, William Lyons up 4 percent, and Lennar (LEN) was up 2 percent. And on Thursday we reported that shares of Intercept Pharmaceuticals nearly quadrupled in price on news of a positive clinical study for its liver dr
- [By Lauren Pollock]
Shoe Carnival Inc.'s(SCVL) fiscal third-quarter earnings slid 11%, with revenue declining due to an unfavorable calendar shift from the previous year.
10 Best Retail Stocks To Own For 2014: Fast Retailing Co Ltd (FRCOF)
FAST RETAILING CO., LTD. is a Japan-based holding company primarily engaged in the clothing business. The Company operates in three business segments. The UNIQLO segment is engaged in the sale of casual clothing such as men's, women's, children's and babies' clothing, as well as other goods in domestic market and overseas markets under the brand name of UNIQLO. The Global Brand segment is engaged in the planning, manufacture and sale of clothing under the brands of COMPTOIR DES COTONNIERS, PRINCESSE TAM.TAM, Theory, Helmut Lang, PLST and others in domestic and overseas markets. The Others segment is involved in the leasing of real estate and others. As of August 31, 2012, the Company had 91 consolidated subsidiaries and six non-consolidated subsidiaries. In December, 2012, it acquired a 80.1% stake in United States-based J Brand Holdings, LLC. In September 2013, it established a wholly owned subsidiary, J Brand Japan Co., Ltd. Advisors' Opinion:- [By MARKETWATCH]
LOS ANGELES (MarketWatch) -- Japanese stocks weakened in early Thursday trading as the yen rose and Wall Street ended mixed, with the Nikkei Stock Average (JP:NIK) falling 1.2% to 15,929.74 after a 1.9% advance a day earlier. With the yen (USDJPY) slightly firmer than in the previous session, some investors sold currency-sensitive exporters, with Fanuc Corp. (JP:6954) (FANUF) down 2%, Kyocera Corp. (JP:6971) (KYOCF) off 1.9%, and Fujitsu Ltd. (JP:6702) (FJTSY) losing 2.3%. News that China would lift a ban on some sales of videogame consoles had sent shares of Nintendo Co. (JP:7974) (NTDOF) shooting 11% higher on Wednesday, but apparent profit-taking sent the stock down 4.2% in early Thursday action. Shares of rival Sony Corp. (JP:6758) (SNE) , however, followed with a 4% rise, also possibly buoyed by a Nikkei Asian Review report that it was planning a "smartphone offensive" in the U.S. and China. Canon Inc. (JP:7751) (CAJ) fell 2% on a separate Nikkei report that the company's 2013 operating profit would miss forecasts. Toshiba Corp. (JP:6502) (TOSYY)
- [By WWW.MARKETWATCH.COM]
LOS ANGELES (MarketWatch) -- Japanese stocks have ended with losses in every session this week, and sure enough, the Nikkei Average (JP:NIK) was down 0.6% in early Friday trade, though off an opening 0.8% defecit, while the Topix carried a 0.7% loss. Overnight losses for the U.S. and further strength in the yen (with the dollar falling to 楼101.28 from 楼101.56 a day earlier) helped drag the market lower, as did results from Fast Retailing Co. (JP:9983) (FRCOF) , the shares of which hold the heaviest weighting on Nikkei Average. Fast Retailing said that while its Uniqlo brand was doing great business, weakness for its J Brand luxury demin label helped send September-May profit down 4% and prompted another cut to Fast's full-year outlook. Consequently, its shares traded 0.7% lower, though rivals Takashimaya Co. (JP:8233) and J. Front Retailing Co. (JP:3086) (JFROF) also saw losses of 0.6% and 0.5%, respectively. Among other decliners, Sony Corp. (JP:6758) (SNE) lost 0.7%, Toshiba Corp. (JP:6502) (TOSYY) fell 2.1%, Kawasaki Heavy Industries Ltd. (JP:7012) (KWHIY) fell 1.5%, Toyota Motor Corp. (JP:7203) (TM) and Nissan Motor Co. (JP:7201)
- [By MARKETWATCH]
LOS ANGELES (MarketWatch) -- Stocks in Japan started with losses Friday, the final session before the release of the closely watched U.S. jobs report later in the day. The Nikkei Stock Average (JP:NIK) shed 0.3% to 15,836.37, as the yen edged higher against the U.S. dollar overnight, and the broader Topix gave up 0.5%. Tech issues were mostly lower, including a 3.3% pullback in Trend Micro Inc. (JP:4704) (TMICY) , and a 2.7% decline in Nintendo Co. (JP:7974) (NTDOF) . Nintendo shares rallied Thursday after China temporarily lifted a ban on manufacturing and selling video game consoles within in the country. But among Friday's best performers were shares of Fast Retailing Co. (JP:9983) (FRCOF) , up 4.4% after the company posted a nearly 9% rise in its fiscal first-quarter net profit to 楼41.85 billion ($399 million). Sales were driven by a nearly 80% gain in Fast Retailing's overseas sales at Uniqlo stores.
No comments:
Post a Comment