Monday, May 14, 2012
Retail's Whales: J.C. Penney isn't
It will be interesting
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The bearish side of the argument is that Stern recently came up short in a bid to sue Sirius XM for stock option grants that he claims were owed as part of the merger between Sirius and XM. If Stern uses his growing star louis vuitton sunglasses 2012 power to badmouth Sirius XM or wiggle his way out of the contract, that would obviously be a negative for the media company.
3. What We Think About Penney's: When J.C. Penney (JCP) hired Ron Johnson as its new CEO, investors went wild. Johnson helped give Target (TGT) its "cheap chic" allure before heading over to Apple (AAPL) in time to launch the tech giant's wildly successful foray into retail.
The fruit of Johnson's turnaround labor was a new store layout that emphasizes popular brands and a "Fair and Square" pricing strategy offering everyday low prices instead of frequent sales and perpetual markdowns on older inventory.
We'll get a first taste on how shoppers are taking to the "Fair and Square" strategy that was implemented in February when the retailer reports tomorrow. Unfortunately, analysts are expecting a small deficit on a www.louisvuitonbagsshop.com slight dip in sales.
4. Retail's Whales: J.C. Penney isn't the only retailer stepping up this week. Earnings season now shifts largely to stores. Many chains end their fiscal year by the end of January to fully account for holiday sales, returns, and gift card redemptions during final fiscal quarter.
We're now looking at the quarter ending in April, and it burberry menswear will be interesting to see if the unseasonably warm end to the winter season turned the snowbound into the mall-bound.
Walmart (WMT) and Target will give us a great snapshot of the discount department store space, while Gap (GPS), Saks (SKS), and Abercrombie & Fitch (ANF) are just some of the many mall names reporting.
Have those shopping bags ready for free-falling bargains on disappointing results.
5. Is Groupon a Good Deal Yet?: Groupon (GRPN) went public at $20 in November, and now that it's trading for roughly $10 we can all make the obvious joke that Groupon's stock is a Groupon deal itself at 50% off.
The daily deals leader has had a rough go as a public company and recently www.designerburberrystore.com had to restate its financials because of a spike in refund requests.
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