Small cap teen retailer Abercrombie & Fitch Co (NYSE: ANF) reportedQ3 2017 earnings before the market opened Friday with results topping expectations on higher sales nationally and at existing stores. Net sales were up 5% to $859.1 million with comparable sales for the third quarter up 4% and changes in foreign currency exchange rates benefiting net sales by 1%.Fiscal 2017 Comparable....More>>>
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Valeant Pharmaceuticals Intl Inc (NYSE: VRX) shares finished a down Monday....More>>>
Small cap apparel retailerGuess?, Inc (NYSE: GES) reportedQ1 Fiscal 2018 earnings after the market closed on Wednesday with shares surging in afterhours/premarket trading. Q1 total net revenue increased 2.2% (up 4% in constant currency)to $458.6 million with the following revenue breakdown:
Americas Retail revenues decreased 14.9% in U.S. dollars and 14.7% in constant currency.....More>>>
The U.S. stock market closed out another quiet week with small losses on Friday. The market opened the session lower and then climbed through mid-day. After an early afternoon selloff, the major averages closed near their best levels of the day.
Gainers included The GEO Group (NYSE: GEO), which jumped almost 22 percent a day after plunging nearly 40 percent on news that the U.S. government....More>>>
As a company, Carter’s (NYSE:CRI) primarily operates in the baby and young child apparel segments. Its main brands are Carter’s and OshKosh, with the latter being acquired in 2005. As of 2016, these two brands have combined to hold a market-leading share of 17.8% (14.9% for Carter’s & 2.9% for OshKosh) in the $21 billion target market for kids between....More>>>
The apparel industry has become a minefield in recent years due to declining mall traffic, fickle consumer tastes, and tougher competition from e-tailers and fast fashion retailers like H&M. The SPDR S&P Retail ETF (NYSEMKT:XRT) — which is heavily weighted toward apparel stocks — has fallen 11% over the past 12 months, compared to the S&P 500’s 15% gain.
Last week, the marketplace roundtable covered a general approach to dividend investing. If that was a bit more evergreen in its focus, this week’s conclusion to the discussion is a bit more timely, focusing on the market in 2016 – with everyone looking for yield, can anyone find a bargain? Our authors discuss what they like and don’t like, and how they’re finding opportunities.
Last week, women’s clothing retailer The Limited announced it was closing down all of its stores. It’s yet another casualty in the war on shopping malls and highlights the further transition of clothing retail to “fast fashion” and online formatting. It has been an ominous year for brick-and-mortar stores, but another one down could be good news for the survivors.