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By Jharonne Martis The Refinitiv U.S. Retail and Restaurant Q3 earnings index is expected to rise 2.5% - considerably below last year's 18.6% Q3 2018 earnings growth. When looking at the earnings growth rates for Q3 for the 209 retailers tracked by Refinitiv, the Hotels, Restaurant & L...
Levi Strauss ( LEVI ) recently reported Q3 earnings, delivering a beat across both their top and bottom line. Revenue came in at $1.45 billion, up 5% year-on-year (constant currency). Earnings per share came in at $0.31 (adjusted diluted), and topped analyst estimates by ~$0.03. Source: Ax...
Bed Bath & Beyond 's (NASDAQ: BBBY) stock recently surged after the retailer hired Target 's (NYSE: TGT) chief merchandising officer Mark Tritton as its new president and CEO. Tritton will succeed Mary Winston, who held the interim CEO position after Steven Tamares' resi...
Ulta Beauty (NASDAQ: ULTA) is the top beauty destination for U.S. teens, according to Piper Jaffray 's latest "Taking Stock With Teens" survey. Ulta claimed a 38% mindshare in the fall survey, compared to a 26% share for its closest rival, LVMH 's (OTC: LVMUY) Sephora. That gap has...
The bankruptcy of Forever 21 marks the 35th major bankruptcy this year, and over two-thirds of them have been in the retail industry. Not every one of the businesses will close their doors and liquidate their inventory. Many -- like Forever 21, a fast-fashion icon -- will seek to restructure....
Written by Robert Kovacs Introduction As we continue our series of articles on high shareholder yield, I take a look at Kohl's ( KSS ): a stock which the investment community cannot seem to agree on. A large part of the crowd fears that the stock will never recover. The other part of the...
Sales at U.S. department stores have been declining since the early 2000s. Early in that decade, Americans were spending close to $20 billion each month at department stores like Kohl's (NYSE: KSS) , Macy's (NYSE: M) , J.C. Penney (NYSE: JCP) , and Nordstrom (NYSE: JWN) . Today, that...
Our weekend preview of upcoming IPOs, earnings reports, conference presentations, investor days, IPO lockup expirations, FDA decisions, Barron's mentions and other key events that could impact stocks. If you are interested in listening to Stocks To Watch to start your Sunday (...
Welcome to Seeking Alpha's Stocks to Watch - a preview of key events scheduled for the next week. Follow this account and turn the e-mail alert on to receive this article in your inbox every Saturday morning. A podcast of Stocks to Watch is also available on Sundays on Seeking Alpha , Apple ...
J.C. Penney's ( JCP ) potential debt moves may buy it some more time or reduce its overall leverage. It still needs to deliver noticeable improvements in gross margins and sales in order to get its EBITDA up to a decent level though. The gross margin progress has been pretty good so far, but...
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L Brands (LB), Macy’s (M),JC Penney (JCP), and Ascena (ASNA) are struggling due to decreased foot traffic for retail stores. Unlike other retailers, they’ve been unable to make up for it with online sales. Certain retailers are facing a crisis due to the coronavirus. The ...
Simon Property Group (NYSE: SPG) doesn't have enough money to buy up all of the retailers that are going to close their doors this year. The shopping mall operator has been on a spending spree , buying up bankrupt retailers in an effort to keep them from closing down and leaving vacant sto...
As J.C. Penney (NYSE: JCP) continues to maneuver through the complexities of Chapter 11 bankruptcy and its efforts to streamline its operations back into a financially sound business, 136 of its stores, earmarked for closure, began liquidation sales today. At the same time, the few remaining...