|Day's Range||4.3000 - 4.3000|
Madewell's web traffic is pulling ahead of its competitors, spelling good news for its forthcoming IPO. Yahoo FInance’s Jen Rogers, Myles Udland and Emily McCormick discuss on The Final Round.
Continuous growth in core product offerings is likely to aid Fastenal's (FAST) Q3 revenues. However, unfavorable product and customer mix, and inflation are expected to affect its earnings.
Costco's (COST) growth strategies, sturdy comparable sales performance and strong membership trends are likely to favorably impact fourth-quarter results.
Analyst Ike Boruchow says the apparel retailer’s turnaround will ultimately be successful. Urban Outfitters shares have slumped more than 17% year to date, a period when the S&P 500 has risen by more than 18%.
(Bloomberg Opinion) -- Forever 21 Inc. has learned the hard way that the allegiance of teen shoppers is anything but everlasting.The fast-fashion retailer filed for bankruptcy late Sunday, saying it has obtained $350 million in financing to help it stay afloat. The company said it plans to close most of its Asian and European stores in order to focus on its core business in North America.The bankruptcy is, of course, another signal of the punishing pressures of the broader “retail apocalypse,” in which the rise of e-commerce is siphoning away shoppers from brick-and-mortar chains, forcing them to collectively shutter thousands of stores. But Forever 21’s troubles also are an emblem of a new and important dynamic shaping the U.S. apparel market: Fast fashion, once a formidable retail niche, is falling behind.In the first two decades of the 2000s, the trifecta of Forever 21, H&M and Inditex SA’s Zara had punishing impact on mid-priced mall heavyweights such as Gap Inc., Abercrombie & Fitch Co. and American Eagle Outfitters Inc., stealing away the high school and college set by peddling trendier garments and refreshing their merchandise offerings at a much quicker pace. The Great Recession helped support their rise, as it meant shoppers were especially focused on low prices.Now, though, there are clear signs that some shoppers are souring on this model. Forever 21 and others of its ilk have long been go-tos for what is essentially disposable clothing – a trend you’re sure will be fleeting, an outfit you don’t want to be seen in more than once on Instagram, etc. But just as sustainability concerns upended the food and beauty industries years ago, they are starting to factor more into clothing purchases. And it could contribute to a backlash to what was essentially a years-long binge on cheap polyester.To the extent that many shoppers are still embracing fast fashion, there are now many more options for them to scratch their itch for of-the-moment clothing than when Forever 21 was gathering steam. Chains such as Gap, Old Navy and Urban Outfitters Inc. have sped up their supply chains to be more reactive to new trends. Plus, many chains including Ann Taylor, Express and Bloomingdale’s are now joining upstart Rent The Runway in the clothing rental business.Digital-centric players such as Boohoo, Fashion Nova and Asos have given them fresh options, and low-priced, U.K.-based brick-and-mortar chain Primark is starting to open U.S. stores. On top of that, digitally-enabled secondhand selling is gaining traction. The stock market debut of The RealReal Inc. and Foot Locker Inc.’s $100 million investment in sneaker re-seller Goat were signals of the strong expectations of growth for this model. Simply put, there are more options now for having a constantly-refreshing wardrobe that don’t necessarily depend on fast fashion. All of those changes are making it difficult for Forever 21 to stay relevant. In fact, the collective U.S. market share of the Big Three of fast fashion peaked in 2015, according to data from Euromonitor.Of course, Forever 21’s bankruptcy also is a result of other factors, including the pace at which it opened stores and its decision to have so many of them in enclosed malls. But the chain’s troubles signal a new era of opportunity for capturing the dollars of Generation Z and millennial shoppers. Its struggling neighbors at the mall should take note.–Andrea Felsted contributed the “Rental on the Rise” chart. To contact the author of this story: Sarah Halzack at firstname.lastname@example.orgTo contact the editor responsible for this story: Beth Williams 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.
Investing.com - Retailer Urban Outfitters (NASDAQ:URBN) jumped in midday trade on Monday after an upgrade to outperform from market perform by an analyst at Wells Fargo (NYSE:WFC).
Urban Outfitters executives have seen a `favorable response to its early fall-apparel assortments,' and comparable store sales are up across its brands, analyst Ike Boruchow says in upgrading the stock to outperform.
Urban Outfitters (URBN) reported earnings 30 days ago. What's next for the stock? We take a look at earnings estimates for some clues.
Today we'll evaluate Urban Outfitters, Inc. (NASDAQ:URBN) to determine whether it could have potential as an...
Investors need to pay close attention to Urban Outfitters (URBN) stock based on the movements in the options market lately.