|Bid||0.00 x 2900|
|Ask||0.00 x 3000|
|Day's Range||34.00 - 35.42|
|52 Week Range||25.01 - 67.75|
|Beta (3Y Monthly)||0.71|
|PE Ratio (TTM)||11.54|
|Earnings Date||Nov 13, 2019 - Nov 18, 2019|
|Forward Dividend & Yield||1.48 (4.38%)|
|1y Target Est||32.88|
Levi's reported earnings after the bell yesterday that beat analyst's expectations, yet saw profit fall by 4%. Specialty Retail Consultant at JJK Research Janet Kloppenburg joins Yahoo Finance's Alexis Christoforous and Brian Sozzi to discuss.
The past trend shows that holiday season shopping euphoria is losing its craze, per Coresight. These retail ETFs may be hit hard if that be the case.
SEATTLE, Oct. 11, 2019 /PRNewswire/ -- Leading fashion retailer Nordstrom, Inc. opened the doors to Nordstrom the SoNo Collection today, the company's second full-line store in Connecticut. The three-level, 140,000 square-foot store features the latest store design, a brand-new service concept, a new beauty and wellness experience, and a comprehensive offering of clothing, shoes and accessories for the entire family. The company's newest store design concept includes lighter fixtures, more windows and natural light that connect the shopping experience to the outside world.
(Bloomberg Opinion) -- Bed Bath & Beyond Inc.’s sales have withered in recent years for a variety of internal reasons, but it has also suffered because of punishing competition from Target Corp. Now the beleaguered home-goods chain will try to get some of that Target magic for itself.Bed Bath & Beyond announced its new CEO Wednesday evening: Mark Tritton, chief merchandising officer at Target since 2016. Target’s recent turnaround is partly based on better merchandising in its home-goods department.This is an impressive poaching effort and a promising development for a chain that badly needed new leadership after longtime CEO Steven Temares — who finally departed earlier this year after a bruising activist investor fight — drove the company into a rut, with outdated stores and a sluggish move toward e-commerce.Tritton is a good fit for the role, given Bed Bath & Beyond’s needs. As Target’s chief merchant, he oversaw the rapid-fire development and rollout of more than 30 private-label brands, many of them in the home-goods category. Before Target, he was a senior executive at Nordstrom Inc., where he supervised the design and manufacturing of a stable of private brands.A stronger selection of private brands is essential to a Bed Bath & Beyond turnaround. These products could differentiate the chain from its competitors and, crucially, tend to be more profitable. That would be an enormous help for a chain that has decimated its gross margins in recent years.Bed Bath & Beyond has recently awakened to the role a stronger private-label offering could play for its business, with a pledge to debut six new such brands by 2020. So far, however, they’re unimpressive: One of its first launches, a line called Bee & Willow, lacked the charm and aspirational presentation that Target typically nails.Tritton also was in the C-suite at Target when it was working its way out of a rough patch in its pricing strategy for everyday essentials. The retailer recovered by tamping down on excessive promotional blitzes and focusing on lower everyday prices. Bed Bath & Beyond, with its tired buffet of 20% off coupons, could use a similar reassessment.Lastly, Tritton led merchandising at Target during a time of significant changes to in-store presentation. Sight lines have been lowered, produce is displayed in sleek wooden bins, and the beauty department now has a Sephora-like sleekness. Bed Bath & Beyond stores are cluttered mazes that could greatly benefit from an overhaul, which Tritton could oversee.Of course, merchandising is just one aspect of a potential Bed Bath & Beyond turnaround. Tritton’s resume is less reassuring about other key parts of the job. For example, the company has rightly been exploring strategic alternatives for its smaller chains, such as Cost Plus World Market and Christmas Tree Shops. It’s unclear how deft he’ll be at handling those potential divestitures.Tritton will face other challenges, too — especially at a company that is already cutting jobs and closing stores, which are not exactly morale boosters for employees.Overall, though, investors should be optimistic about Tritton’s arrival. Bed Bath & Beyond is in bad shape, but it is not beyond repair. He could be the one to pull off this home makeover.To contact the author of this story: Sarah Halzack at email@example.comTo contact the editor responsible for this story: Michael Newman at firstname.lastname@example.orgThis 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.
Nordstrom, Inc. (JWN) is a leading fashion retailer based in the U.S., explains David Fried, editor of The Buyback Letter, which, as its name suggests, focuses exclusively on stocks that are actively undergoing buyback and stock repurchase programs.
The Puget Sound Business Journal is proud to unveil the 2019 Women of Influence honorees, putting a spotlight on the most influential women in the region's business community.
Good news and bad news: Retail revenues are trending poorly, but the new retail kid on the block, Lululemon, is showing investors why they should pay attention to the space.
The external fund manager backed by Berkshire Hathaway's Charlie Munger, Li Lu, makes no bones about it when he says...
SEATTLE, Sept. 24, 2019 /PRNewswire/ -- Seattle-based Nordstrom, Inc. The new store location will be part of the outdoor shopping and entertainment destination, which includes retailers like ULTA Beauty, Gap and LUSH Cosmetics, in addition to Marcus Theatres, a multiplex theater with stadium seating. "We are thrilled to open our first Nordstrom Rack store in Tacoma, which will bridge the gap for customers in both Pierce County and Thurston County," said Geevy Thomas, president of Nordstrom Rack.
What investors should expect from Nike's (NKE) Q1 fiscal 2020 financial results. Why Adidas (ADDYY) and Lululemon (LULU) stock have crushed Nike recently. And will Nike's e-commerce expansion help the sportswear giant post its strongest growth in years...
As the S&P 500 trades near record highs in 2019, Goldman Sachs says that a select group of reasonably priced, high-ROE growth stocks will lead the market in the coming months. Goldman says this superior performance will occur despite major pressure on ROE at most companies. "While stocks with low volatility and strong balance sheets still trade more than 2 standard deviations expensive relative to the past 10 years, stocks with high returns on capital carry more reasonable valuations," said Goldman in its latest US Weekly Kickstart report.
Macy’s (M) stock offers a stellar dividend yield of 9.8%. However, the company's dividend yield is high due to the sharp decline in its stock price.
After a Wall Street Journal story hit the retailer over its poor stock performance over 2019, the company could bring solid returns for strategic investors.