Department Stores
(JCP) J. C. Penney Taps Revolver
In an effort to stabilize its financials, replenish inventory and fund the overhauling costs related to its new home departments across 500 stores, J. C. Penney Company Inc. (JCP) drew $850 million from its $1.85 billion revolving...3May2013 | vitalstocks | Comments Off | Continued
(TJX) TJX Companies Comparable Store Sales Down but Expect to Improve
Consolidated same-store sales at The TJX Companies Inc. (TJX), an off-price retailer of apparel and home fashions, descended 2% year over year in the five-week period ended Apr 6, 2013. Comparable store sales in the period were within...27Apr2013 | vitalstocks | Comments Off | Continued
(TJX) The TJX Company Reaches New 52-Week High
Shares of the off-price apparel chain The TJX Company (TJX) reached 52-week high of $48.20 on Tuesday, Apr 9, following the company’s announcement of raising its quarterly dividend by 26% from Jun 6 and in anticipation of a strong...18Apr2013 | vitalstocks | Comments Off | Continued
(M) Macy’s Legal Battle Resumes
Yesterday, Macy’s Inc. (M), J. C. Penney Company Inc. (JCP) and Martha Stewart Living Omnimedia Inc. (MSO)...18Apr2013 | vitalstocks | Comments Off | Continued
(JCP) J. C. Penney Company Ousts Johnson and Reinstates Ullman
In a major development, J. C. Penney Company Inc.’s (JCP) board of directors discharged CEO Ron Johnson of his duties, as his ambitious transformational ideas failed to materialize. The company’s former CEO, Myron E. (Mike) Ullman,...18Apr2013 | vitalstocks | Comments Off | Continued
(M) Macy’s Upgraded to Outperform
On Mar 18, we upgraded our recommendation on Macy’s Inc. (M), one of the leading department store retailers in the United States, to Outperform, following better-than-expected fourth-quarter fiscal 2012 results. The company attained...4Apr2013 | vitalstocks | Comments Off | Continued
(M) eCommerce Stock Outlook – March 2013 – Zacks Analyst Interviews
The Electronic Commerce, or e-commerce, industry is one of the most progressive sectors of the economy. The industry is evolving very rapidly, so data collection and evaluation are particularly difficult. Consequently, one has to rely largely on surveys by both government and private agencies. According...18Mar2013 | vitalstocks | Comments Off | Continued
(SHLD) Sears Holdings Unveils Fiscal 2012 Results
One of the leading broad line retailers in the United States, Sears Holdings Corporation (SHLD) has recently provided an update on its fourth-quarter to-date results for the period ended on December 29, 2012. Apart from this, the...15Jan2013 | Shawn | Comments Off | Continued
(DDS) Dillard’s – Bull of the Day
Driven by strong same-store sales performance along with improved margins, Dillard’s (DDS) third-quarter 2012 earnings of $0.96 per share surged two-folds from the prior-year quarter, and outpaced the Zacks Consensus Estimate of $0.75....8Jan2013 | Shawn | Comments Off | Continued
(SHLD) Sears Holdings Retained at Neutral
We maintain our long term ‘Neutral’ recommendation on leading U.S. broad line retailer, Sears Holdings Corporation (SHLD), as the company continues to narrow down year-over-year losses in every quarter since the beginning of...18Dec2012 | Shawn | Comments Off | Continued
(JCP) J.C. Penney – Bear of the Day
J. C. Penney (JCP) posted a third-quarter 2012 loss of $0.93 per share that fared worse than the earnings of $0.18 in the year-ago quarter and the Zacks Consensus Estimate of loss of $0.08. The company has missed the Zacks Consensus Estimate...16Dec2012 | Shawn | Comments Off | Continued
(M) eCommerce Stock Outlook – November 2012 – Industry Outlook
The Electronic Commerce, or e-commerce, industry is one of the most progressive sectors of the economy. The industry is evolving very rapidly, so data collection and evaluation are particularly difficult. Consequently, one has to rely largely on surveys by both government and private agencies. According...30Nov2012 | vitalstocks | Comments Off | Continued
(M) Macy’s Ventures with Finish Line
Amidst an uneven economic recovery and cautious consumer behavior, retailers are leaving no stone unturned to keep themselves on the growth trajectory, and Macy’s Inc. (M) is just doing exactly the same, to keep up in the race of the...9Oct2012 | vitalstocks | Comments Off | Continued
(BONT) Bon-Ton Reports Wider Loss
Bon-Ton Stores Inc. (BONT), operating 272 department stores in the United States, reported adjusted loss of $1.88 in the second quarter of 2012, wider than the Zacks Consensus Estimate of a loss of $1.78. The lower-than-expected results...21Aug2012 | vitalstocks | Comments Off | Continued
(TJX) Company News for August 15, 2012 – Corporate Summary
• The TJX Companies, Inc. (NYSE:TJX) posted second quarter earnings per share of $0.56, beating the Zacks Consensus Estimate of $0.55 by a penny • Estee Lauder Companies Inc. (NYSE:EL) reported fourth quarter earnings per share...15Aug2012 | vitalstocks | Comments Off | Continued
(JCP) Company News for August 13, 2012 – Corporate Summary
• J.C. Penney Company, Inc. (NYSE:JCP) posted a second quarter loss per share of $0.37, surpassing the Zacks Consensus Estimate of a loss of $0.24 by 13 cents • Brookfield Asset Management Inc. (NYSE:BAM) reported second quarter...14Aug2012 | vitalstocks | Comments Off | Continued
(KSS) Kohl’s Stays at Neutral
We have maintained a Neutral rating on Kohl’s Corporation (KSS) with a target price of $51.00 following appraisal of first quarter 2012 results. Kohl’s posted first quarter 2012 earnings of 63 cents per share, which exceeded...12Jun2012 | Shawn | Comments Off | Continued
(SHLD) Sears Holdings Misses Forecasts Considerably
Sears Holdings Corporation (SHLD) reported fourth-quarter 2011 adjusted earnings of 54 cents per share, well below the Zacks Consensus Estimate of 68 cents per share. The earnings per share declined drastically from the prior-year...25Feb2012 | vitalstocks | 0 comments | Continued
(KSS) Kohl’s Beats Expectations and Raises Dividend
Kohl’s Corporation (KSS) reported its operating earnings of $1.81 per share in the fourth-quarter 2011, beating the Zacks Consensus Estimate by a penny. The earnings, however, surpassed the prior-year quarter’s earnings by 9%. The...23Feb2012 | vitalstocks | 0 comments | Continued
(SHLD) Sears Holding Corporation – Bear of the Day
Sears Holdings Co. (SHLD) continues to disappoint with its overall performance. The company’s third-quarter 2011 adjusted loss of $2.57 per share was wider than the Zacks Consensus Estimate of a loss of $2.14 as well as prior-year...13Feb2012 | vitalstocks | 0 comments | Continued
(BONT) Stock Market News for December 28, 2011 – Market News
Markets opted to take a pause after a recent rally, as mixed economic data and a session featuring light volumes meant benchmarks ended Tuesday’s session on a flat note. Given the Christmas overhang, consolidated volumes remained substantively low, and final minutes’ movement took the Dow slightly...29Dec2011 | vitalstocks | 0 comments | Continued
(M) Hot Christmas Deals Can Eat Margins
It’s raining discounts at stores as retailers take their final lap before Christmas. Shoppers are offered discounts of 40%, 50% or even 60%. Further, buy one get one free comes as extra toppings. Apart from money offs, flexibility in shopping through smartphones...28Dec2011 | vitalstocks | 0 comments | Continued
(JCP) J.C Penney Sales Disappoint Again
J. C. Penney Company Inc. (JCP), a leading retailer of apparel and footwear, accessories, fashion jewelry, beauty products and home furnishings, recently reported sales results for the four-week period ended November 26, 2011. The...21Dec2011 | vitalstocks | 0 comments | Continued
(M) Bullish on Macy’s
Macy’s Inc.’s (M) growth momentum continued throughout the year, and we believe it will sustain the tempo as it enters 2012. The company’s persistent effort to keep itself on the growth trajectory has paid off in an economy, whose...16Dec2011 | vitalstocks | 0 comments | Continued
(M) Macy’s Incorporated – Bull of the Day
Macy, Inc.’s (M) has been taking prudent steps to increase sales, profitability and cash flows. These include integration of operations, consolidation of divisions and customer-centric localization initiatives. To help drive traffic,...16Dec2011 | vitalstocks | 0 comments | Continued
(JCP) Not a Great Year for J.C. Penney
An economy plagued by financial crisis and high unemployment remains a bitter truth, but relentless efforts to emerge from these doldrums cannot be ignored. The ongoing turmoil has also touched J. C. Penney Company Inc. (JCP), which...15Dec2011 | vitalstocks | 0 comments | Continued
(JCP) J. C. Penney Bets on Martha Stewart (revised)
The economy is struggling, and so is J. C. Penney Company Inc. (JCP). The company has been trying every means to uplift itself, and the latest move of acquiring a 16.6% stake in Martha Stewart Living Omnimedia Inc. (...15Dec2011 | vitalstocks | 0 comments | Continued
(M) Holiday Retail Outlook & Review – Industry Outlook
Does the start of holiday sales suggest a break from the phase when US consumers were reeling under a series of macro-economic shocks? For now, the initial data released by National Retail Federation suggests that Santa has a bagful of gifts for the majority of retailers this holiday season. Early...11Dec2011 | vitalstocks | 0 comments | Continued
(JCP) J. C. Penney Bets on Martha Stewart
The economy is struggling, and so is J. C. Penney Company Inc. (JCP). The company has been trying every means to uplift itself, and the latest move of acquiring a 16.6% stake in Martha Stewart Living Omnimedia Inc....9Dec2011 | vitalstocks | 0 comments | Continued
(JCP) U.S. Holiday Preview – National Retail Federation
The National Retail Federation (“NRF”), an industry trade group, projects a 2.8% growth in sales, amounting to $465.6 billion, during the current November to December holiday season, lower than the 5.2% rise in the corresponding period of the previous year. Online retail may increase 15% to touch...28Nov2011 | vitalstocks | 0 comments | Continued