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Wedbush Identifies The Most Notable Black Friday Clothiers
Tuesday, November 29, 2016 - 11:27am | 364Wedbush said its checks show Black Friday promotions of Urban Outfitters, Inc. (NASDAQ: URBN) and Anthropologie were higher than last year, with Francesca's Holdings Corp (NASDAQ: FRAN) lapping tough compares despite strong traffic. Apparel Retailers “Traffic was strong at both Urban and...
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Morgan Stanley Highlights Winners And Losers From Holiday Shopping Weekend
Monday, November 28, 2016 - 12:04pm | 547Specialty retail and departmental stores witnessed mixed Black Friday weekend sales versus 2015, with e-commerce remaining “the clear winner” and in-store revenue continuing to be under pressure, Morgan Stanley’s Kimberly C. Greenberger said in a report. In-Store Mixed, E-Commerce...
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L Brands Releases Comps Figures, Updates Guidance
Tuesday, November 1, 2016 - 6:33am | 107L Brands Inc (NYSE: LB) says its Q3 earnings will come in around $0.40 per share, at the low end of its previous guidance of $0.40-$0.45 per share. The Street was modeling EPS of $0.46. Management says October comparable sales will be up 1 percent, as a 2 percent decline in Victoria’s...
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Promotions Helped Boost L Brands Comps In August, Baird Ups September Comp Target
Friday, September 2, 2016 - 1:24pm | 314L Brands Inc (NYSE: LB) reported better-than-expected August comps, but Baird stays on the sidelines, saying the risk/reward looks balanced against the backdrop of negative EPS growth. However, the brokerage increased its September comp estimate. L Brands reported 2 percent rise in August comps,...
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L Brands Upgraded By Goldman Sachs On Victoria's Secret Results
Monday, August 22, 2016 - 9:15am | 403Goldman Sachs’ Lindsay Drucker Mann mentioned that the 2Q results reported by L Brands Inc (NYSE: LB) have “eased...concerns about how disruptive the new promotional strategy at Victoria's Secret (VS) would be on the business." The analyst continued by stating, "[W]e believe a...
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Did Mall Retailers Have A Happy Fourth Of July?
Tuesday, July 5, 2016 - 3:02pm | 382Randal J. Konik of Jefferies believes retailers benefited over the Fourth of July weekend from a combination of weather, promotions and healthy traffic. In a research report published Tuesday, Konik offered a deep dive into the retailing sector and included first hand observations. Overall, most...
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How Social Adoption Of Athleisure Is Impacting The Lingerie Industry
Tuesday, July 5, 2016 - 2:52pm | 317According to the latest data from TickerTags, the “Athleisure” fashion trend that emphasizes comfort, mobility and functionality could be having a major impact on the lingerie market as well. TickerTags monitors social media sites to identify trends by searching for words and phrases...
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Bank Of America Calls Foul Ball On L Brands; Sporting Can't Fill Swim/Apparel Gap
Tuesday, June 28, 2016 - 1:22pm | 389Victoria's Secret and Bath & Body Works co-owner L Brands Inc (NYSE: LB) is experiencing increased macro pressures in the women's apparel industry, and Bank of America see the company's struggles to only continue. Analyst Lorraine Hutchinson downgraded L Brands from Neutral to Underperform,...
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Jim Cramer Discusses L Brands Amid New 52-Week Low And Why Mall Owners Aren't Worried
Thursday, May 5, 2016 - 10:58am | 260Shares of L Brands Inc (NYSE: LB) plunged more than 10 percent Thursday morning and hit a new 52-week low of $71.02 after the company reported its April and first quarter sales data. L Brands said total sales for the quarter rose 4 percent from the same period a year ago to $2.614 billion while...
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Amazon, Facebook, Blackstone Lead Morgan Stanley's '30 Picks For 2019' List
Monday, April 18, 2016 - 4:05pm | 349Morgan Stanley has released its updated list of the 30 best stocks to buy now and hold for at least three years. According to the Morgan Stanley research team, there are a number of U.S. market uncertainties ahead in the next three years, including U.S. economic growth, international weakness,...
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Victoria's Secret Pain Points Look Flexible, Says Bernstein
Friday, February 26, 2016 - 9:21am | 293Bernstein's Anne-Charlotte Windal maintained a Market Perform rating on L Brands Inc (NYSE: LB), while raising the price target from $93 to $95. The company reported its 4Q15 results and provided its FY16 guidance on February 26. Windal noted, however, that L Brands did not provide an...
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Here's Why L Brands Lost More Than 3% On Friday
Friday, February 12, 2016 - 2:48pm | 293Shares of L Brands Inc (NYSE: LB) were trading lower by more than 3 percent on Friday after the company announced that Victoria's Secret CEO Sharen Jester Turney has resigned from the company. Turney joined L Brands as President and CEO of Victoria's Secret Direct in 2000 and assumed total...
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How Much Are Americans Spending On Valentine's Day This Year?
Friday, February 12, 2016 - 1:39pm | 342A new study by Bankrate has shown that Americans are paying big bucks to celebrate their special someones this weekend. Bankrate created a Be My Valentine Index, which includes the going market prices for Valentine’s Day staples. Although Americans don’t spend nearly as much on...
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Brean Upgrades L Brands To Buy; 'Overreaction Presents Buying Opportunity'
Monday, February 8, 2016 - 9:26am | 347The share price of L Brands Inc (NYSE: LB) has declined 11.87 percent over the past one month, although it has appreciated 4.16 percent over the last six months. Brean Capital’s Liz Pierce has upgraded the rating on the company from Hold to Buy, with a price target of $100....
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'Challenges Remain' For These Retailers After Black Friday, Oppenheimer Says
Monday, November 30, 2015 - 3:07pm | 514Anna Andreeva of Oppenheimer commented in a note that retailers began offering Black Friday-type sales as early as Friday, November 20 this year – resulting in lower than expected traffic levels on Black Friday. The biggest winners, based on the analyst's store checks, were L Brands Inc (...