|By PR Newswire||
|January 15, 2014 08:01 AM EST||
NEW YORK, January 15, 2014 /PRNewswire/ --
Editor Note: For more information about this release, please scroll to bottom.
Today, Analysts' Corner announced new research reports highlighting Gap Inc. (NYSE: GPS), L Brands, Inc. (NYSE: LB), American Eagle Outfitters, Inc. (NYSE: AEO), Nordstrom Inc. (NYSE: JWN), and Children's Place Retail Stores, Inc. (NASDAQ: PLCE). Today's readers may access these reports free of charge - including full price targets, industry analysis and analyst ratings - via the links below.
Gap Inc. Research Report
On January 9, 2014, Gap Inc. (Gap) reported its holiday sales report for the November and December 2013 holiday shopping season. The Company reported net sales of $3.68 billion for the nine-week ended January 4, 2014, compared to $3.59 billion for the nine-week ended December 29, 2012. Meanwhile, Gap's comparable sales for December 2013 came in flat against a 5% increase in December 2012. "We delivered solid overall performance across our global brands this holiday season, on top of last year's strong results," said Glenn Murphy, Chairman and CEO of Gap. The Full Research Report on Gap Inc. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at:
L Brands, Inc. Research Report
On January 9, 2014, L Brands, Inc. (L Brands) reported its December 2013 sales and provided updates on its Q4 FY 2013 earnings guidance. The Company reported net sales of $2.1 billion for the five weeks ended January 4, 2014, compared to net sales of $1.9 billion for the five weeks ended December 29, 2012. The Company also reported a comparable store sales increase of 2% YoY for the said five-week period. The Company informed that it now expects an EPS of c.$1.60 in Q4 FY 2013, compared to its previous forecast range of $1.67 to $1.82, driven by lower than forecasted merchandise margins due to incremental promotional activity. The Full Research Report on L Brands, Inc. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at:
American Eagle Outfitters, Inc. Research Report
On January 9, 2014, American Eagle Outfitters, Inc. (American Eagle) reported sales for nine-week period ended January 4, 2014 along with an update on its Q4 FY 2013 EPS. The Company's net revenue for the nine-week period ended January 4, 2014 decreased 2.4% YoY to $882 million. The Company informed that it expects Q4 FY 2013 EPS to be c.$0.26 per diluted share, on the bottom end of its previous EPS guidance range of $0.26 to $0.30 per diluted share. Robert Hanson, CEO of American Eagle, commented, "Following a solid Thanksgiving weekend, traffic and sales through Christmas week were on the low end of our expectations and the retail environment was highly promotional, pressuring margins and EPS. Our post-Christmas clearance event is meeting our expectations and we expect to end the year with inventories on plan. We are intensely focused on making fundamental improvements to our business as we adapt to a fast-changing retail landscape." The Full Research Report on American Eagle Outfitters, Inc. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at:
Nordstrom Inc. Research Report
On January 7, 2014, Nordstrom, Inc. (Nordstrom) announced that it plans to open an approximately 39,000-square-foot, two-level store under Nordstrom Rack, its off-price retail division, at The Shops at SkyView Center in Queens, New York, in fall 2014. "We are excited about the opportunity to be a part of a dynamic retail center within a vibrant neighborhood in the heart of Queens and right off the Long Island Rail Road," said Geevy Thomas, President of Nordstrom Rack. "We look forward to opening next fall and bringing our customers the very best of our brands at great prices." The Company informed that Nordstrom Rack is set to open its first Brooklyn location on Fulton Street in spring 2014 followed by a second location at the Gateway Center in Brooklyn in the fall 2014. The Full Research Report on Nordstrom Inc. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at:
Children's Place Retail Stores, Inc. Research Report
On January 8, 2014, The Children's Place Retail Stores, Inc. (Children's Place) announced the expansion of its existing franchise agreement with Fawaz A. AlHokair & Co. SJSC. According to the Company, the expansion would include opening a total of approximately 25 stores in Egypt and the Commonwealth of Independent States (C.I.S. Region) of Armenia, Azerbaijan, Belarus, Georgia and Kazakhstan, beginning in mid-2014. Jane Elfers, President and CEO of Children's Place, stated, "After the successful openings of more than 20 stores in Saudi Arabia with Fawaz A. AlHokair & Co. SJSC, we are excited to expand our international footprint with them in Egypt and the C.I.S. Region, where they have a proven track record of successfully launching and operating major international brands." The Full Research Report on Children's Place Retail Stores, Inc. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at:
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SOURCE Analysts' Corner
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