The Zacks Analyst Blog Highlights: Staples, Brown Shoe, Wolverine World Wide, ITOCHU and Nordstrom

Zacks


For Immediate Release

Chicago, IL – August 1, 2013– Zacks.com announces the list of stocks featured in the Analyst Blog. Every day the Zacks Equity Research analysts discuss the latest news and events impacting stocks and the financial markets. Stocks recently featured in the blog include Staples, Inc. (SPLS-Free Report), Brown Shoe Co. Inc. (BWS-Free Report), Wolverine World Wide Inc. (WWW-Free Report), ITOCHU Corporation (ITOCY-Free Report) and Nordstrom Inc. (JWN-Free Report).

Today, Zacks is promoting its ''Buy'' stock recommendations. Get #1Stock of the Day pick for free.

Here are highlights from Wednesday’s Analyst Blog:

Staples Upgraded to Strong Buy

On Jul 30, Zacks Investment Research upgraded leading office product retailer, Staples, Inc. (SPLS-Free Report), to a Zacks Rank #1 (Strong Buy).

Why the Upgrade?

Being a leading retailer of office products and services, we believe Staples remains well positioned to benefit from the sector consolidation that would help it capture incremental market share through rational pricing. The company is poised to generate growth by enhancing its online features, expanding offerings and streamlining its cost structure.

Staples is laying emphasis on improving store productivity, accelerating growth in adjacent categories and increasing market share in core office supplies. Alongside, the company is focusing on the delivery business, which requires less capital and generates higher margins.

The company also launched its first omnichannel stores – what it refers to as the future of retail. Simply put, through this omnichannel strategy, Staples hopes to fuse its retail network with enhanced digital capabilities. The company stated that it’s Norwood, Mass, and Dover, Del., stores will incorporate its .com and mobile assets. Alongside, the stores will feature Staples.com kiosks. 

This new era store concept, with all its attractions could well prove to be a game changer in the long run for Staples. Providing shoppers the ease of shopping on their own terms and enriching their in-store shopping experience could be a crucial point of differentiation among other retailers.

Other Stocks to Consider

Beside Staples, other stocks in the Retail-Wholesale industry worth considering include Brown Shoe Co. Inc. (BWS-Free Report), Wolverine World Wide Inc. (WWW-Free Report) and ITOCHU Corporation (ITOCY-Free Report), all of which carry a favorable Zacks Rank #1 (Strong Buy).

Nordstrom to Increase Store Count

Striding ahead with its store expansion strategy, Nordstrom Inc. (JWN-Free Report) declared two Nordstrom Rack store openings in Skokie, Ill. and Brooklyn, N.Y. Both are scheduled to open by the spring of 2014.


The first store located at Orchard place in Skokie spans nearly 36,000 sq. feet. The company first arrived in Chicagoland in 1991 with the launch of a full-line store at Oakbrook Center. At present, Nordstrom operates four full-line stores and seven Rack Stores in the region. Further, the company has declared its aim to open two more Rack stores in this area by 2014.

The second store is located at 505 Fulton Street in Brooklyn and covers about 41,000 sq feet of area. The company first arrived in the Tri-State region in 1990 with the launch of Garden State Plaza full-line store in Paramus, N.J. Currently, the company operates 15 full-line and Rack stores in the area. Last year, Nordstrom set forth its plans to open the first full-line store in New York City by 2018. The company has been operating in New York City since 2010.

Nordstrom’s Rack stores generally offer merchandise from Nordstrom stores, Nordstrom.com and special collections from many of the renowned brands at Nordstrom at a significantly reduced price to customers. A vast assortment of branded apparel, accessories and shoes that are available at Nordstrom stores are offered to customers at a discount of about 30%–70%.

Nordstrom’s latest store openings signify the company’s commitment to strengthen its network with the aim of driving top-line growth. As of Jul 30, 2013, Nordstrom operated 248 stores, including 117 Nordstrom full-line stores, 127 Nordstrom Racks, 2 Jeffrey boutiques, 1 treasure&bond store and 1 clearance outlet.

Today, Zacks is promoting its ''Buy'' stock recommendations. Get #1Stock of the Day pick for free.

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