U.S. Markets close in 3 hrs 27 mins

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

Zacks Equity Research

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.

About Zacks Equity Research

Zacks Equity Research provides the best of quantitative and qualitative analysis to help investors know what stocks to buy and which to sell for the long-term.

Continuous coverage is provided for a universe of 1,150 publicly traded stocks. Our analysts are organized by industry which gives them keen insights to developments that affect company profits and stock performance. Recommendations and target prices are six-month time horizons.

Zacks "Profit from the Pros" e-mail newsletter provides highlights of the latest analysis from Zacks Equity Research. Subscribe to this free newsletter today.

About Zacks

Zacks.com is a property of Zacks Investment Research, Inc., which was formed in 1978. The later formation of the Zacks Rank, a proprietary stock picking system; continues to outperform the market by nearly a 3 to 1 margin. The best way to unlock the profitable stock recommendations and market insights of Zacks Investment Research is through our free daily email newsletter; Profit from the Pros.  In short, it's your steady flow of Profitable ideas GUARANTEED to be worth your time! Register for your free subscription to Profit from the Pros.

Get the full Report on SPLS - FREE

Get the full Report on BWS - FREE

Get the full Report on WWW - FREE

Get the full Report on ITOCY - FREE

Get the full Report on JWN - FREE

Follow us on Twitter: https://twitter.com/zacksresearch

Join us on Facebook: https://www.facebook.com/home.php#/pages/Zacks-Investment-Research/57553657748?ref=ts

Zacks Investment Research is under common control with affiliated entities (including a broker-dealer and an investment adviser), which may engage in transactions involving the foregoing securities for the clients of such affiliates.

Media Contact
Zacks Investment Research

800-767-3771 ext. 9339



Past performance is no guarantee of future results. Inherent in any investment is the potential for loss. This material is being provided for informational purposes only and nothing herein constitutes investment, legal, accounting or tax advice, or a recommendation to buy, sell or hold a security. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. It should not be assumed that any investments in securities, companies, sectors or markets identified and described were or will be profitable. All information is current as of the date of herein and is subject to change without notice. Any views or opinions expressed may not reflect those of the firm as a whole. Zacks Investment Research does not engage in investment banking, market making or asset management activities of any securities. These returns are from hypothetical portfolios consisting of stocks with Zacks Rank = 1 that were rebalanced monthly with zero transaction costs. These are not the returns of actual portfolios of stocks. The S&P 500 is an unmanaged index. Visit http://www.zacks.com/performance for information about the performance numbers displayed in this press release.

Read the analyst report on SPLS

Read the analyst report on BWS

Read the analyst report on WWW

Read the analyst report on ITOCY

Read the analyst report on JWN

Zacks Investment Research

More From Zacks.com