Did Department Stores Holiday Sales Survive Retail Apocalpyse and Amazon Takeover

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    Super Harley



    $AMZN has too bigger a lead – $WMT so far behind and they are in 2nd place – something will come up no doubt – Bezos is so very far ahead of the curve. I suspect more of these names will fall by the wayside


    Amazon.com $AMZN rose to all-time highs in the stock market today of $1522.84


    its only a matter of time before the brick and mortary stores are done

    personally I like the plastic wrap/fastener space
    the materials used to ship products from any online sale


    No wonder our seas are filling with plastic & we have “global warming” 😉 … we’re shipping stuff 1,000 miles away & transporting it by land/sea/rail — rather than just taking a short trip to local brick-and-mortuary store … and soon CASH will disappear — as in the JETSONs, we’ll all be using CREDITs (maybe AMAZON credits down the road – to buy everything).


    that I was I been researching companies with innovative materials that are not just recyclable (people are to lazy to recycle) but biodegradable. I do forsee new ways of recycling coming forward as more products are shipped to peoples place of residents – I also see a new place the government can tax in the name of the environment.

    Super Harley

    Macy’s Up After Q4 Earnings With Comp Sales Beat and Strong Outlook

    Earnings: EPS of $2.82 on revenue of $8.67 billion. beating estimated $2.69 on revenue of $8.707 billion

    Same-store sales are expected to dip 0.3%, according to Consensus Metrix BUT on an owned basis were up 1.3% and up 1.4% on an owned plus licensed basis.

    Macy’s also said it has sold floors 8-15 of its State Street store in Chicago for $30 million and is exploring the sale of the I. Magnin portion of its main Union Square building in San Francisco. The company also said its store closures now total 83 vs. the approximately 100 announced in August 2016.

    Full-year EPS of $3.55 to $3.75, above consensus views for $2.99, as revenue falls 0.5%-2%, with midpoint better than consensus for a 3% drop. Comp sales on both an owned and an owned plus licensed basis should be flat to up 1%.

    Management predict full-year comp sales would return to growth in 2018 after falling 1.9% on an owned plus licensed basis in 2017.

    “Consumer spending was strong in the fourth quarter, and we were ready with improved execution and great products across all categories,” Chairman and CEO jeff Gennette said in a statement. “We were disciplined with our promotional cadence and maintained a good inventory position. We head into 2018 with an improved base business, healthy inventories, a focused and engaged organization and a clear path to return Macy’s to growth.”

    Stock: $M shares were up at 14% to 31.04 early but pulled back
    Macy’s Inc NYSE: M · February 27, 10:55 AM EST
    28.17 ▲ 0.74 (2.70%)

    Department-store chain Dillard’s $DDS also which topped quarterly estimates earlier Tuesday, jumped 12.5%.
    Dillard’s Inc
    NYSE: DDS · February 27, 10:53 AM EST
    78.20 ▲ 7.21 (10.16%)

    Super Harley

    Kohl’s Beats BUT Stock tanks

    EPS $1.87 a share excluding store closures, the new federal tax reform and a state tax settlement, higher than the estimate of to $1.77
    Revenue climbed 9.2% to $6.78 billion higher than the $6.74 billion.
    Same-store sales rose 6.3%.

    Kohl’s sees 2018 EPS of $4.95 to $5.45 with sales down 1% to up 1% and comps flat to up 2%. The analyst consensus is EPS of $4.67, with sales $19.01 billion.

    Conference Call

    Kohl’s said it would bring Aldi discount grocer into as many as 10 stores later this year in a pilot test.

    The stock was last down 7% after being up 5% Premarket

    Super Harley

    Foot Locker $FL Down 9% After Earnings

    Narrowly beat holiday Q4 earnings estimates, but revenue and same-store sales missed and sees weak trends continuing in Q1.

    Earnings: EPS $1.26 a share as revenue rose nearly 5% to $2.21 billion. Same-store sales fell 3.7%. versus estimated $1.25 EPS $2.22 billion revenue. A 2.4% decline in same-store sales from the prior-year period was seen.

    “The first quarter of 2018 will likely see the continuation of sales and margins in line with trends in the second half of 2017,” CFO Lauren Peters said. Foot Locker sees 2018 same-store sales flat to up in the low single digits, thanks to improvement later in the year.

    Nike $NKE which makes up more than 60% of Foot Locker’s merchandise, fell 1.8%.

    Foot Locker said late last month that it was raising its dividend by 11% to 34.5 cents a share, and that its board had approved a $230 million capital expenditure program for the year. Some of that cash will boost its digital operations, data analytics and point-of-sales software. Most will be spent on its physical stores.

    Wedbush noted last week, ahead of earnings, that it feels Foot Locker “is closer to an inflection though it won’t take place overnight.” Its basketball segment is stabilizing, said analysts, and Foot Locker’s new products have gotten a good response.


    J.C. Penney $JCP Down 10% After Earnings

    Missed earnings expectations said Eliminated roughly 360 jobs at its headquarters, and at stores throughout the country. Roughly 130 positions in the corporate headquarters were cut, and approximately 230 more were eliminated in regional offices and stores. J.C. Penney says that the cuts will lead to annual savings of roughly $20 million to $25 million.

    “As the Company continues to make progress on its strategic framework and implement new processes and organizational efficiencies, it is imperative that we maintain a thoughtful approach to managing expenses, while effectively supporting the needs of the business,” Marvin Ellison, the company’s CEO said in a statement.

    J.C. Penney had an upbeat holiday season, with sales at stores open at least a year rising 2.6% during the final months of 2017. Shoppers especially scooped up jewelry, beauty products, and footwear. But missed with $4.03 billion in revenue, missed the $4.04 billion expectation of analysts with S&P Global Intelligence.

    While J.C. Penney’s net income was $254 million during the holiday period, or 81 cents per share, up from $192 million or 61 cents in 2016, it reported a loss for the full year.

    The quarterly rise was largely due to a $75 million benefit from recently passed federal tax legislation. And full year net income fell $116 million, or 37 cents per share as compared to a $1 million profit in 2016.


    JCP has crazy amount of debt


    Target Misses Earnings and Guidance BUT Revenue Beats

    $1.37 a share adjusted missing estimated EPS $1.39 a share
    Revenue climbed 9% to $22.77 billion beating estimated $22.46 billion,
    Same-store sales rose 3.2%. Comparable digital sales jumped 29%

    Target sees adjusted Q1 EPS of $1.25-$1.45 and full-year EPS of $5.15-$5.45. Midpoint below analyst consensus for adjusted per-share profit of $1.40 in Q1 and $5.28 for the full year.

    Target Corporation NYSE: TGT Pre-market: 74.40 -0.74 (-0.98%)

    Super Harley

    Retail Analyst Upgrades today $KSS $URBN $TIF

    Kohl’s Corp. $KSS raised to Outperform from Market Perform at Cowen.

    Tiffany & Co. Inc. $TIF started with a Neutral rating at Loop Capital, along with a $103 target price – closed Thursday at $102.09

    Urban Outfitters $URBN started with a Buy rating a Lolop Capital with a $46 price target on it, shares closed Thursday at $35.13.

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