|Bid||32.45 x 800|
|Ask||32.80 x 1400|
|Day's Range||32.08 - 32.67|
|52 Week Range||30.55 - 67.75|
|Beta (3Y Monthly)||0.67|
|PE Ratio (TTM)||10.57|
|Earnings Date||Aug 14, 2019 - Aug 19, 2019|
|Forward Dividend & Yield||1.48 (4.73%)|
|1y Target Est||38.75|
Dillard's (DDS) gains from trendy product offerings as well as store growth and omni-channel efforts. This places it ahead of peers in an evolving retail space.
The operators of Saks Fifth Avenue would have you believe the company’s flagship store in New York, right next to St Patrick’s Cathedral, is swimming in money. After all, there is a $49,500 alligator handbag from The Row (the label designed by Mary-Kate and Ashley Olsen) on display in the new marble-filled shopping emporium, surrounded by accessories that routinely top $2,000. The message is clear: Saks sells.
Canadian department store operator Hudson's Bay Co on Thursday posted a wider-than-expected loss as sales at its Lord & Taylor unit fell, but said it was optimistic about its ability to deal with the impact of U.S. tariffs on Chinese goods. Shares of the company were up about 1% at C$9.39 in afternoon trading. Hudson's Bay, which also owns Saks Fifth Avenue, said earlier this week it is evaluating a C$1.74 billion ($1.3 billion) take-private cash offer as it competes with discount direct-to-consumer brands and e-commerce behemoths like Amazon.com Inc.
Announcement of Periodic Review: Moody's announces completion of a periodic review of ratings of Nordstrom, Inc. New York, June 12, 2019 -- Moody's Investors Service ("Moody's") has completed a periodic review of the ratings of Nordstrom, Inc. and other ratings that are associated with the same analytical unit. The review was conducted through a portfolio review in which Moody's reassessed the appropriateness of the ratings in the context of the relevant principal methodology(ies), recent developments, and a comparison of the financial and operating profile to similarly rated peers.
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It's time to dive into what investors should expect from Lululemon's (LULU) first quarter fiscal 2019 financial results that are due out after the closing bell Wednesday.
Nordstrom (JWN) brings a unique concept with the launch of six food and beverage offerings at its first flagship store in New York City.
Nordstrom Inc. announced six new food and beverage concepts that it will feature in the New York City flagship store, slated to open Oct. 24, 2019. The luxury retailer partnered with James Beard-nominated Chef Ethan Stowell and James Beard award recipient, Chef Tom Douglas on the restaurants. Examples include Wolf, which will feature Italian-inspired small plates, and family-friendly Bistro Verde. Nordstrom shares have tumbled nearly 30% for the year to date while the S&P 500 index is up nearly 16% for the period.
Nordstrom Inc NYSE:JWNView full report here! Summary * Perception of the company's creditworthiness is negative * Bearish sentiment is high and has been increasing * Economic output in this company's sector is contracting Bearish sentimentShort interest | NegativeShort interest is high for JWN with between 15 and 20% of shares on loan. This means that investors who seek to profit from falling equity prices are currently targeting JWN. Sentiment has worsened and traders added to their bearish short positions on June 6. Money flowETF/Index ownership | NeutralETF activity is neutral. ETFs that hold JWN had net inflows of $5.41 billion over the last one-month. While these are not among the highest inflows of the last year, the rate of inflow is increasing. Economic sentimentPMI by IHS Markit | NegativeAccording to the latest IHS Markit Purchasing Managersâ€™ Index (PMI) data, output in the Consumer Servicesis falling. The rate of decline is significant relative to the trend shown over the past year, and is accelerating. Credit worthinessCredit default swap | NegativeThe current level displays a negative indicator. Although JWN credit default swap spreads are decreasing, they are near their highest levels for the past 1 year, which indicates the market's more negative perception of the company's credit worthiness.Please send all inquiries related to the report to firstname.lastname@example.org.Charts and report PDFs will only be available for 30 days after publishing.This document has been produced for information purposes only and is not to be relied upon or as construed as investment advice. To the fullest extent permitted by law, IHS Markit disclaims any responsibility or liability, whether in contract, tort (including, without limitation, negligence), equity or otherwise, for any loss or damage arising from any reliance on or the use of this material in any way. Please view the full legal disclaimer and methodology information on pages 2-3 of the full report.
The chefs will each be making their East Coast debuts in partnership with the Seattle-base retailer.
Slack Technologies Inc said on Monday it expects fiscal 2020 revenue to grow as much as 50% but the owner of the workplace instant messaging app anticipates a loss for the year, ahead of its listing this month. Slack is one of the most high-profile companies left to list their shares in 2019, following initial public offerings of Pinterest Inc, Zoom Video Communications and Beyond Meat. San Francisco-based Slack, whose customers include Electronic Arts Inc, Nordstrom Inc and Ford Motor Co, said it was seeing strong user retention and engagement rates, ahead of its plans to go public via a direct listing instead of an IPO on June 20.
NEW YORK, June 10, 2019 /PRNewswire/ -- Nordstrom, Inc., the Seattle-based fashion retailer, is launching six unique food and beverage offerings within the highly-anticipated opening of its first flagship store in New York City on October 24, 2019. The renowned fashion retailer will partner with esteemed Seattle-based Chefs Ethan Stowell, a James Beard Award nominee and one of Food & Wine's Best New Chefs in America, and Tom Douglas, a James Beard Award recipient for Best Chef Northwest and Best Restaurateur.
The company announced a deal to sell its German real estate and retail joint ventures for about $1.5 billion, allowing it to focus more on its core North American business, which includes its eponymous department-store chain and Saks Fifth Avenue. Richard Baker, the company’s chairman and one-time CEO, is part of a coalition that has proposed a cash deal of about about C$1.74 billion ($1.3 billion), or C$9.45 per share, a price the company said would represent a 48% premium over where shares closed on Friday. Nordstrom Inc., a close retailing cousin to Hudson’s Bay, said back in June 2017 that it was exploring a take-private transaction.
Shares of Nordstrom (JWN) have taken quite a beating over the last six months. Warning! GuruFocus has detected 3 Warning Signs with JWN. The first thing that jumps off the page when reading Nordstrom's recent financial statements is how badly the company has performed with regards to sales.
Nordstrom is the latest retailer to announce its planned closure as Simon Property Group reimagines Northgate Mall.
Stitch Fix (NASDAQ:SFIX) rose overnight after earnings beat expectations. The e-commerce clothing company said it earned $7 million -- or 7 cents per share -- for the quarter ending in April. The earning comes on net revenue of $408.9 million, a 29% increase year over year. SFIX stock opened this morning up 24%, which has since settled to a more 'modest' 16% gain from yesterday's close.Source: Stitch FixThis monster SFIX stock rally comes after analysts had been worrying about whether the company had enough cash, and the stock had been falling since its previous earnings announcement in March took the shares as high as $34.The latest news, demonstrating those earlier numbers were not a fluke, should send the shares back to its highs once trading opens June 6.InvestorPlace - Stock Market News, Stock Advice & Trading Tips What Stitch Fix Does RightStitch Fix's business may not seem like the most in-demand idea. SFIX has customers take a style quiz and then sends them clothing based on their size and preferences. Customers can then send back what they don't want and buy what they do. * 7 Ways to Make Berkshire Hathaway Stock More Attractive But there's a real demand here. Millions of women find they have no time to shop around and develop their personal style. This is the problem CEO Katrina Lake tries to fix through personalization technology and real stylists, examining not just what customers buy, but what they return. Customers answer some questions and pay a $20 "styling fee" to start. The data is matched with a company database, which then sends 5 items that can be bought or returned.The big story for the company in 2019 is its expansion into men's wear, children's wear, plus-size wear and the UK market, the success of which drove earnings in the most recent quarter.In her analyst call ,Lake also credited Style Pass, launched last year, a subscription service that lets regular customers pay $49 per year and get more personal style services. They Didn't Believe ItClothing is a tough e-commerce market, because everyone is different. It's especially difficult because tastes keep changing.Online retailers like Amazon (NASDAQ:AMZN) can fill this market, but the vast number of choices offered there make it difficult for people to find clothes unless they go in knowing specifically what they want and what looks good on them. Those customers who don't know exactly what they want or how things will look, still have to head to a department story like Nordstrom (NYSE:JWN) or similar. Even then, many are on their own when it comes to finding what looks best on them.Stitch Fix seems to have cracked the code. Some 62% of its roughly 5,500 employees are listed as stylists, meaning they work directly with about 3.1 million clients.At the company's present run rate of about $1.6 billion in fiscal 2019 revenue, the $2.3 billion market cap gives it a price-to-sales ratio of just 1.5. That's high for a retailer but very low for a technology company. Retailers like Walmart (NYSE:WMT) sell for about half their sales. SFIX stock's ratio is close to that of IBM(NYSE:IBM), which has a $116 billion market cap on about $80 billion in sales. (At the moment, I'd rather own Stitch Fix.) The Bottom Line on SFIX StockCo-founder Lake owns 16% of SFIX stock, but institutions own 66%. Benchmark Capital and its CEO, Bill Gurley, were early backers and Gurley sits on the company's board.Having proven its business model works, Stitch Fix would seem to be ripe for acquisition and scaling. Walmart, Target (NYSE:TGT) and Amazon are the most likely acquirers. * 10 Stocks to Buy That Could Be Takeover Targets If you're interested in owning SFIX stock, buy your shares before the sale.Dana Blankenhorn http://www.danablankenhorn.com is a financial and technology journalist. He is the author of a new environmental story, Bridget O'Flynn and the Bear https://www.amazon.com/s?k=bridget+o%27flynn+and+the+bear&i=digital-text&ref=nosimacluecom , available now at the Amazon Kindle store. Write him at email@example.com or follow him on Twitter at @danablankenhorn. As of this writing he owned shares in AMZN. More From InvestorPlace * 4 Top American Penny Pot Stocks (Buy Before June 21) * The 4 FANG Stocks Won't Be Bitten By Regulation Threats * 10 Stocks to Buy That Could Be Takeover Targets * 4 Big Bank Stocks Rebounding Compare Brokers The post Stitch Fix Stock Rallies Big After Earnings Prove the SFIX Narrative appeared first on InvestorPlace.
Moody's Investors Service ("Moody's") today affirmed Nordstrom, Inc.'s Baa1 senior unsecured rating. "Nordstrom's business is facing pressure despite its continued leading investments to reduce friction and provide a seamless customer experience through multiple channels", said Moody's Vice President, Christina Boni. Nordstrom's Baa1 rating is supported by its history of solid market positioning in both the department store and off-price segments.
Shares of American Eagle (NYSE:AEO) popped in early June after the mall apparel retailer reported first-quarter numbers that were surprisingly strong. I use the word "surprisingly" here because pretty much every one of American Eagle's peers reported ugly first quarter 2019 numbers, with the norm across the industry being revenue and profit misses, negative comparable sales growth and margin compression.Source: Mike Mozart via Flickr (Modified)American Eagle did report margin compression. But, that's where the bad news ended. The retailer actually topped top- and bottom-line expectations by a healthy margin, driven by a robust 6% rise in comparable sales. Analysts had been looking for just 3% comparable sales growth. In response to the strong report, AEO stock rose by 4.7%.This rally in American Eagle stock should last.InvestorPlace - Stock Market News, Stock Advice & Trading TipsZooming out, AEO stock dropped big in May against an ugly retail backdrop. First, all of American Eagle's peers reported really bad early 2019 numbers in May. Second, trade conflicts globally heated up. Retailers are stuck at the epicenter of those trade conflicts. As such, retail stocks were killed in May, including AEO.But strong first-quarter numbers affirm that American Eagle is a winning retailer in a mixed retail environment, so the sell-off as the result of bad peer numbers is overdone. Further, American Eagle's second-quarter guide came in only a few pennies shy of estimates, with the broad implication being that this company can side-step a big tariff hit in the short term.As such, the two headwinds which killed AEO stock in May are disappearing in June. As they do, this stock should rebound in a big way. Mall Retail Struggled In Early 2019In May, multiple mall retailers reported first-quarter 2019 numbers, and almost none of them delivered good results. * The 10 Best Stocks for 2019 -- So Far Mall giants Nordstrom (NYSE:JWN) and JC Penney (NYSE:JCP) both reported ugly first-quarter numbers, with sharply negative comparable sales growth and big margin compression. Smaller mall retailers, like Gap (NYSE:GPS), Urban Outfitters (NASDAQ:URBN), Express (NYSE:EXPR) and many others likewise reported ugly first quarter numbers.The big takeaway was that mall retail had a bad first few months of 2019. Despite a healthy labor market, low interest rates, healthy credit, and a strong consumer, mall retailers generally didn't win in early 2019. American Eagle Had A Strong Start To The YearWhile mall retail may have had a bad start to 2019, American Eagle didn't.American Eagle beat both top- and bottom-line expectations. Comps at the American Eagle brand rose 4%. Comps at Aerie rose 14%. Those are pretty big growth numbers against the backdrop of the negative comp numbers American Eagle's peers reported.This outperformance and strength is nothing new. American Eagle has been the cream-of-the-crop in the mall retail sector for a long time. The company has rattled off 17 consecutive quarters of comparable sales growth and 6 consecutive quarters of 5%-plus comparable sales growth.The secret juice? Jeans and lingerie. American Eagle is the best teenager jeans brand around. As the jeans trend has made a comeback over the past several quarters, American Eagle's numbers have improved. Meanwhile, Aerie is capitalizing on a secular shift in the intimates market from bombshell beauty to natural beauty. As this shift has played out, Aerie has won share from traditional intimates king Victoria's Secret.Net net, American Eagle has capitalized on two fashion trends over the past several quarters to drive operational outperformance. These trends persist in early 2019. Consequently, so did American Eagle's outperformance, despite broader retail struggles. American Eagle Stock Should Bounce BackFashion trends change all the time. Of course, jeans won't remain hot forever. Nor will the natural beauty shift. But, American Eagle management has time and time again shown a unique and largely unprecedented ability to capitalize on fashion trends, and use them to drive healthy numbers across the company.After all, 17 straight quarters of positive comps means this company has been comping positive for more than four years. That's a long time. Over the past four years, many fashion trends have come and gone, including the jeans trend (jeans' popularity is very cyclical). American Eagle's operational out-performance has stayed.Thus, the May sell-off in AEO stock related to mall retail struggles is overdone. That sell-off was due to concerns that AEO was in the same boat as its peers. But, the company isn't, not has it struggled for a long, long time. As such, the current trend of operational outperformance is set to persist, and the mall retail concerns which weighed on AEO stock in May should ease in June.Further, AEO stock also dropped in May because of trade war concerns. But, management delivered a second quarter guide which called for continued positive comparable sales growth, and only missed Street profit estimates by a few pennies a share. Thus, management clearly doesn't expect a big impact from tariffs in the near term. Tariff concerns should likewise ease in June.All in all, with mall retail and tariff concerns set to ease in June, AEO stock is positioned to bounce back. Bottom Line on AEO StockAmerican Eagle is the cream of the crop in the mall retail sector, and strong first quarter numbers serve to further support this thesis. So long as this remains true -- and so long as the company can side-step the impact of tariffs and the U.S. consumer remains healthy -- then AEO stock should trend higher.As of this writing, Luke Lango was long JWN and URBN. More From InvestorPlace * 4 Top American Penny Pot Stocks (Buy Before June 21) * 6 Retailers Including Disney Agree to Ditch On-Call Scheduling * The 10 Best Stocks for 2019 -- So Far * 7 Small-Cap ETFs to Buy Now Compare Brokers The post Strong Q1 Numbers Affirm That American Eagle Is a Winner appeared first on InvestorPlace.
Its merchandise mix hasn't been lowered, but on May 22, 2019, its stock price dropped into deep discount range. Management lowered its guidance for fiscal year 2019 earnings per share to about $3.45, from $3.78 or so. Nordstrom hasn't made much progress over the past nine years but it hasn't done badly either.