|Bid||0.00 x 1100|
|Ask||18.45 x 800|
|Day's Range||16.18 - 16.93|
|52 Week Range||14.66 - 30.63|
|Beta (3Y Monthly)||1.27|
|PE Ratio (TTM)||11.55|
|Forward Dividend & Yield||0.80 (4.71%)|
|1y Target Est||N/A|
As the week unfolds, I'll be looking at J.M. Smucker, Brown-Forman, Ollie's Bargain, Best Buy, and Abercrombie & Fitch. J.M. Smucker has had a few years of rather stagnant revenue growth. The company's balance sheet is good, but cash flow is a little erratic, and J.M. Smucker's latest quarter in April included a fairly heavy decline in net income.
Abercrombie (ANF) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
Higher operating expenses and increased impacts of adverse foreign currency may hurt Abercrombie's (ANF) performance in second-quarter fiscal 2019.
While some investors are already well versed in financial metrics (hat tip), this article is for those who would like...
Portland, ME, based Investment company Aristotle Fund Lp (Current Portfolio) buys Abercrombie & Fitch Co, Foot Locker Inc, sells Office Depot Inc, SINA Corp, Simon Property Group Inc during the 3-months ended 2019Q2, according to the most recent filings of the investment company, Aristotle Fund Lp. Continue reading...
on a series of consumer goods imported from China — including laptops and cell phones — until December, in a bid to ease fears about the trade war’s impact on markets and the economy. The value of the goods that would see delayed tariffs is about $156bn, based on full-year 2018 figures, according to an FT analysis.
Advance Auto Parts (AAP) Q2 results to gain on footprint expansion. However, high capital expenditures and tough competition make surprise prediction difficult.
(Bloomberg Opinion) -- The slew of value- and mid-price retailers that have entered bankruptcy in recent years is getting some posh company.Barneys New York, the upscale department store, said Tuesday that it had filed for Chapter 11 bankruptcy protection after reports that it was seeking a lifeline as it grappled with high rents and tough competition. The retailer said it planned to close 15 physical stores. The remaining business will include five flagship department stores, two Warehouse stores and its e-commerce shop.Barneys isn’t a particularly large chain; Saks Fifth Avenue and Neiman Marcus are close competitors that have more stores. So its closings won’t roil the retail landscape like those of ubiquitous retailers such as Sears or Toys “R” Us. However, thanks to paparazzi photos of Kim Kardashian and other celebrities stopping by its stores, and the reputation of its Freds restaurant as a hub for New York’s elite, it looms large as a defining emblem of American luxury.Its financial woes are similarly symbolic because they demonstrate just how much the pressure to innovate in the luxury business has ramped up in recent years.Luxury apparel and accessories brands and stores weren’t exactly at the leading edge of e-commerce, with some in the industry believing that consumers would never migrate en masse to online shopping for expensive pieces that were traditionally sold with high-touch customer service. That notion has been disproved, and online is quickly becoming the category’s most important battleground.It isn’t that Barneys stood still on e-commerce. I remember interviewing a senior e-commerce executive there in 2015 and thinking the company was making good progress on buzzy industry ideas such as personalization. The problem is competition for a relatively narrow market — meaning shoppers who can shell out $4,820 for a midi dress — is becoming fiercer.Richemont’s Net-a-Porter has established itself as a go-to digital destination. Matches Fashion, which is based in the U.K. but counts the U.S. as its largest market, is becoming a formidable e-commerce force with a particular emphasis on introducing customers to new, under-the-radar designers. That is something Barneys has also been known for over the years.Meanwhile, marquee luxury brands are lavishing more attention on their own stores and websites, seeking more control over the customer experience. And resale marketplaces such as Farfetch Ltd. and the RealReal Inc. are putting secondhand luxury inventory at shoppers’ fingertips. In other words, customers who might have defaulted to Barneys five years ago have seen an explosion of other options.Barneys isn’t just a victim of evolving shopping habits, though. The company said in its press release that it has also been choked by high rents. The Wall Street Journal has reported the rent on its Madison Avenue store has risen to $27.9 million from $16.2 million earlier this year. According to data from CBRE, rents in prime shopping areas in Manhattan have fallen from recent peaks, but they remain elevated from where they were at the beginning of the decade.It’s clear that the value of the Manhattan or other big city flagships is being re-evaluated up and down the retail food chain. Lord & Taylor closed its storied Manhattan location, and Ralph Lauren Corp. and Abercrombie & Fitch Co. have also moved to give up New York flagships. These chains seem to be deciding that they don’t need flashy showpieces, just productive stores.The trouble is, an ultra-high-end retailer like Barneys does need showpieces. It needs for its stores to be emporiums of rarity and inspiration. Matches Fashion recently set up a temporary shop on a yacht and ferried customers around the Italian Coastline. The renovated Selfridges in London is setting an extremely high bar for what global luxury shopping should look like. Barneys needs to keep up, and having sprawling, well-appointed stores in big cities is part of that.So, while less-upscale retailers can afford to ditch or shrink their lavish flagships, Barneys simply can’t. And that makes its recovery that much more difficult.Barneys may emerge from its bankruptcy as a smaller but healthier company. The fact that it ended up here, though, should put the rest of the luxury world on notice. No matter how iconic your brand, you aren’t immune to sweeping change.To contact the author of this story: Sarah Halzack at firstname.lastname@example.orgTo contact the editor responsible for this story: Daniel Niemi at email@example.comThis column does not necessarily reflect the opinion of the editorial board or Bloomberg LP and its owners.Sarah Halzack is a Bloomberg Opinion columnist covering the consumer and retail industries. She was previously a national retail reporter for the Washington Post.For more articles like this, please visit us at bloomberg.com/opinion©2019 Bloomberg L.P.
Wendy's (WEN) initiatives like menu innovation, technological upgrades, international expansion and re-imaging of units are likely to aid top-line results in the second quarter of 2019.
Transformation plans, sturdy revenue growth and strategic partnerships bode well for Xcel Brands (XELB). However, high level of debt inducing a rise in interest expense acts as a hurdle.
Another wave of tariffs is right around the corner, and the timing ‘could not be worse for retailers’ for U.S. retailers, according to a Bank of America Merrill Lynch analyst.
Today we'll evaluate Abercrombie & Fitch Co. (NYSE:ANF) to determine whether it could have potential as an investment...
YUM! Brands' (YUM) de-risking strategy by expanding franchise is expected to weigh on revenues but boost earnings in the second quarter of 2019.
A glasses tech company, intimate apparel brand and furniture retailer have all chosen to stop by the D.C. area this summer.
Skechers' (SKX) focus on new line of products, cost containment efforts, inventory management and global distribution platform is likely to have a favorable impact on the Q2 results.
Shares of Abercrombie & Fitch have fallen 42% within the past three months. However, Citi believes it has a solution for the apparel maker's woes. Yahoo Finance's Myles Udland, Jared Bilkre, and Brian Sozzi break it down.