The J.C.Penney transformation will take time and patience, but the risk/reward is now attractive.
Nordstrom is benefiting from spending by affluent consumers, but this is already in the stock price.
Macy's continues to improve operations, which is driving modest comp-store sales.
Kohl's higher operating margins give it the cash to buy shares or continue growth in the long run.
A turnaround in Sears seems increasingly unlikely, given the store base and the economy.
High fashion and luxury goods might appear to be an attractive business, but it is competitive and tough to be consistently ahead of fashion trends. Saks' historically low, and even negative, operating margins are proof, and we have no reason to believe the future can be dramatically different.Saks
Increasing demand for luxury goods is likely to drive near-term sales for Saks.
Sears Holdings' SHLD third-quarter results confirm our view that the retailer continues to struggle in the current environment, given its weak competitive position and its product mix, which includes a sizable portion of home-related goods. However, sales trends are improving, and we think ...
As we expected, the lapping of easy comparisons and increasing demand for premium goods helped Saks SKS report improving sales trends throughout the third quarter. Better inventory management and tighter spending also helped drive margin expansion in the quarter despite a drop in overall sales. Our
An increase in store traffic helped drive TJX Companies' TJX impressive 10% sales growth in the third quarter--a sign, in our view, that consumers continue to trade down to more value-oriented players. Not only is the increase in sales a result of tight-fisted consumers shifting down to more ...