Department Stores

(JCP) JC Penney’s Loss Widens – No Turnaround

J. C. Penney Company Inc. (JCP) once again fell short of expectations, with its turnaround plan failing to deliver the desired results. The company remained in the red with adjusted loss per share...

14Jul2013 | | Comments Off on (JCP) JC Penney’s Loss Widens – No Turnaround | Continued

(JCP) J. C. Penney Earnings Likely to Miss

J. C. Penney Company, Inc. (JCP) is slated to report its first-quarter fiscal 2013 results on May 16, 2013. In the last quarter, it posted a negative surprise of 926.3%. Let’s see how things are shaping up for this announcement.

Factors...

23May2013 | | Comments Off on (JCP) J. C. Penney Earnings Likely to Miss | Continued

(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 | | Comments Off on (JCP) J. C. Penney Taps Revolver | 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 | | Comments Off on (TJX) TJX Companies Comparable Store Sales Down but Expect to Improve | 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 | | Comments Off on (TJX) The TJX Company Reaches New 52-Week High | 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 | | Comments Off on (M) Macy’s Legal Battle Resumes | 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 | | Comments Off on (JCP) J. C. Penney Company Ousts Johnson and Reinstates Ullman | 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 | | Comments Off on (M) Macy’s Upgraded to Outperform | 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 | | Comments Off on (M) eCommerce Stock Outlook – March 2013 – Zacks Analyst Interviews | 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 | | Comments Off on (SHLD) Sears Holdings Unveils Fiscal 2012 Results | 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 | | Comments Off on (DDS) Dillard’s – Bull of the Day | 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 | | Comments Off on (SHLD) Sears Holdings Retained at Neutral | 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 | | Comments Off on (JCP) J.C. Penney – Bear of the Day | 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 | | Comments Off on (M) eCommerce Stock Outlook – November 2012 – Industry Outlook | 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 | | Comments Off on (M) Macy’s Ventures with Finish Line | 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 | | Comments Off on (BONT) Bon-Ton Reports Wider Loss | 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 | | Comments Off on (TJX) Company News for August 15, 2012 – Corporate Summary | 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 | | Comments Off on (JCP) Company News for August 13, 2012 – Corporate Summary | 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 | | Comments Off on (KSS) Kohl’s Stays at Neutral | 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 | | 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 | | 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 | | 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 | | 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 | | 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 | | 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 | | 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 | | 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 | | 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 | | 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 | | 0 comments | Continued