|Bid||31.52 x 1300|
|Ask||0.00 x 1400|
|Day's Range||37.26 - 38.16|
|52 Week Range||25.01 - 54.65|
|Beta (3Y Monthly)||0.65|
|PE Ratio (TTM)||12.49|
|Earnings Date||Nov 21, 2019|
|Forward Dividend & Yield||1.48 (3.89%)|
|1y Target Est||34.35|
Ben Rains breaks down what's going on in the retail world after Walmart impressed Wall Street last week. We then dive into what investors need to know about Home Depot, Target, and Macy's ahead of earnings...
Neither corporate profits nor economic data have yet to corroborate the ongoing rally and rotation in U.S. stocks, so the market may be getting ahead of itself and be due for a pullback, analysts and investors told MarketWatch.
The department-store retailer has been hurt by tariffs and the shift to e-commerce. Revenues and earnings have been falling, and the stock has bottomed out. Even a strong holiday season might not help.
Macy's and other department stores have not been able to find success or inspire much Wall Street confidence. Can it turn things around in Q3?
Ethan Stowell debuted outside of Seattle in a big way with the opening of Wolf in the Nordstrom women’s flagship store in New York. He's also got a partnership with Flatstick Pub, handles the food for San Juan Seltzery and has investment from the Seattle Hospitality Group.
Retailers' performance over the last 2.5 months is a sign of positive market sentiment reentering the space. This sentiment will be tested next week when a wave of retail results hits the market.
Dillard's earnings shocked Wall Street analysts, who predicted a loss in Q3, ahead of reports next week from rivals Macy's, Nordstrom and Kohl's.
Julie Nordstrom has a law degree, but she ended up making a career out of community volunteering. This is why.
Moody's approach to rating this transaction involved an application of Moody's Approach to Rating Large Loan and Single Asset/Single Borrower CMBS and Moody's Approach to Rating Structured Finance Interest-Only (IO) Securities. The structure's credit enhancement is quantified by the maximum deterioration in property value that the securities are able to withstand under various stress scenarios without causing an increase in the expected loss for various rating levels.
As it’s becoming easier for consumers to shop online rather than in stores, results from a new Deloitte survey results show that Cyber Monday is more relevant than Black Friday.
Dillard's Inc. stock soared 17% in Thursday trading after it reported a surprise profit, and lifted other department store stocks with it. J.C. Penney Co. Inc. shares jumped 5%, Macy's Inc. shares climbed nearly 3%, and Nordstrom Inc. stock was up almost 2% on Thursday. Many department stores haven't reported their latest quarterly earnings, heading into a holiday season with both bullish forecasts for sales but concerns about the shortened shopping period. Dillard's stock has gained 32% for the year to date, the SPDR S&P Retail ETF is up 9.1% and the S&P 500 index has gained 23.4% for the period.
Nordstrom (JWN) 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.
(Bloomberg) -- Nike Inc. is breaking up with Amazon.com Inc.The athletic brand will stop selling its sneakers and apparel directly on Amazon’s website, ending a pilot program that began in 2017.The split comes amid a massive overhaul of Nike’s retail strategy. It also follows the hiring of ex-EBay Inc. Chief Executive Officer John Donahoe as its next CEO -- a move that signaled the company is going even more aggressively after e-commerce sales, apparently without Amazon’s help.“As part of Nike’s focus on elevating consumer experiences through more direct, personal relationships, we have made the decision to complete our current pilot with Amazon Retail,” the company said in a statement. “We will continue to invest in strong, distinctive partnerships for Nike with other retailers and platforms to seamlessly serve our consumers globally.”Some big brands shun Amazon’s platform, where fakes flourish and unauthorized sellers undercut prices -- a recipe that diminishes the value of sought-after labels. The unraveling of the Nike arrangement threatens to reinforce retailers’ unease. Under the pilot program, Nike acted as a wholesaler to Amazon, rather than just letting third-party merchants hawk its products on the site.Amazon operates an online marketplace, essentially a digital mall where merchants can sell products. More than half of all goods sold on Amazon come from independent merchants who pay the Seattle-based company a commission on each sale. Amazon also operates as a traditional retailer, buying goods from wholesalers and selling them to customers.Nike said it will continue to use Amazon’s cloud-computing unit, Amazon Web Services, to power its apps and Nike.com services.Amazon, through a spokeswoman, declined to comment. The company has been preparing for the move, according to two people familiar with the matter. It has been recruiting third-party sellers with Nike products so that the merchandise is still widely available on the site, they said. Amazon has also been working to stem the flow of counterfeits on the site through various initiatives, including one project that lets brands put unique codes on their products to make it easier to identify fakes.Nike shares rose as much as 1.4% in New York trading Wednesday, while Amazon was off as much as 0.6%.‘Enormous Reach’The question now is whether other Amazon partners follow Nike’s lead. Few other brands possess the kind of muscle Nike has, so it may be harder for them to leave.“Nike has enormous reach and its products are in demand, so it can afford to be selective about where its products are distributed because customers will come find Nike where it is offered,” said Neil Saunders, an analyst at GlobalData Retail. “I don’t think as many brands can be as selective as Nike.”For years, the only Nike products sold on Amazon were gray-market items -- and counterfeits -- sold by others. Nike had little control over how they were listed, what information about the product was available and whether the products were even real.That changed in 2017, when Nike joined Amazon’s brand registry program. Executives hoped the move would give them more control over Nike goods sold on the e-commerce site, more data on their customers and added power to remove fake Nike listings. The news of the Amazon tie-up, which Nike executives called a “small pilot,” sent shoe-retailer stocks tumbling and left many wondering if other major Amazon holdouts would quickly follow.But Nike reportedly struggled to control the Amazon marketplace. Third-party sellers whose listings were removed simply popped up under a different name. Plus, the official Nike products had fewer reviews, and therefore received worse positioning on the site.Leaving Amazon won’t necessarily solve Nike’s problems, which represent a big brand struggling to adapt to selling products in the digital age, said James Thomson, a former Amazon employee who now helps brands sell products online through Buy Box Experts.“Just because Nike walks away from Amazon doesn’t mean its products walk away from Amazon and doesn’t mean its brand problems disappear,” Thomson said. “Even if every single Nike product isn’t on Amazon, there will be enough of a selection that someone looking for Nike on Amazon will find something to buy.”Fewer PartnersShortly after its Amazon pilot began, Nike unveiled plans to overhaul its retail strategy. With more attention aimed at direct-to-consumer avenues, particularly the Nike app and Nike.com, executives said the company would drastically reduce the number of retailers it partnered with.In 2017, Nike did business with 30,000 retailers around the world. Elliott Hill, currently the company’s head of consumer and marketplace operations, told investors that year that Nike would focus its future efforts primarily on about 40 partners.Nike wasn’t specific on what would separate those 40 partners from what it called “undifferentiated retail.” Reading between the lines, it appeared to want partners that gave its Nike brand separate space -- such as Nordstrom Inc.’s “Nordstrom x Nike” shop on its website -- and was less interested in retailers that just placed Nike alongside its smaller competitors.The Wall Street Journal reported at the time that Amazon was one of those 40 that Nike intended to prioritize.Analysts said physical sporting-goods retailers would benefit from Nike’s departure from Amazon. The pilot program was an “overhang” to the stock valuation of Foot Locker Inc. that’s now removed, Raymond James analyst Matthew McClintock wrote in a note. Michael Baker of Nomura Instinet called Nike’s decision a modest positive for Dick’s Sporting Goods Inc.Foot Locker was down 0.4% at 9:51 a.m. Wednesday in New York trading, while Dick’s was up 0.6%.What Bloomberg Intelligence Says“Nike’s decision to end its wholesale pilot with Amazon.com is likely aimed at putting more focus on its own direct-to-consumer business, which is a key pillar of its Triple Double strategy. We still believe Nike’s goal for 33% of sales to be digital could be attained ahead of 2022.”\--Poonam Goyal, senior retail analystClick here to read the research.About 68% of Nike’s annual sales come from wholesale channels, down from 81% in 2013. Though wholesale is still the bulk of the company’s sales, in that span Nike’s direct business has grown three times faster than top-line revenue.Nike’s departure will rob Amazon’s brand registry program of a big name -- and potentially stoke the concerns of its partners. Nike’s participation had signaled that Amazon was taking the concerns of major brands seriously.Such brands have expressed frustration that Amazon doesn’t do enough to fight counterfeits. They also fear that giving Amazon too much control over prices will devalue their products.Amazon’s foray into private-label products has added to the fears. The company now sells everything from batteries to mattresses to snacks, further complicating the relationship between Amazon and brands.(Updates with shares in ninth paragraph, analyst comments in 21st paragraph.)\--With assistance from Robert Williams.To contact the reporters on this story: Eben Novy-Williams in New York at firstname.lastname@example.org;Spencer Soper in Seattle at email@example.comTo contact the editors responsible for this story: Nick Turner at firstname.lastname@example.org, ;Jillian Ward at email@example.com, John J. Edwards III, Cécile DauratFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
Nordstrom's (JWN) third-quarter fiscal 2019 results are likely to reflect gains from efforts to enhance store base and e-commerce. However, higher costs remain deterrents.
L Brands Inc. was downgraded to hold from buy at Deutsche Bank with analysts citing high promotional levels at Victoria's Secret and an increased number of promotions at beauty retailer Bath & Body Works. Analysts also think the turnaround at Victoria's Secret will be slower through the end of 2019 and into 2020. Deutsche Bank took a closer look at promotions across retail noting that analysts saw fewer discounts year-over-year at Target Corp. , which is scheduled to report third-quarter earnings Nov. 20. However, Deutsche Bank is "incrementally negative" on Nordstrom Inc. and Express Inc. , which had increased promotions, raising concerns about margin pressure and inventory levels during the holiday shopping season. L Brands stock is down 52% over the last 12 months while the S&P 500 index is up 11% for the period.
The Parisian mall owner submitted its request about 18 months ago, and despite a small handful of similar proposals getting the green light, Westfield is still waiting for its permits.
Another mixed quarter from luxury goods purveyor Tapestry. Yahoo Finance speaks with Tapestry chairman and CEO Jide Zeitlin.