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Stock Market & Financial Investment News

News Breaks
May 23, 2014
10:40 EDTWTSL, ANF, PSUN, ARO, AEOAeropostale sinks to 52-week low after guidance disappoints
Shares of mall-based, specialty retailer Aeropostale (ARO) are sinking after the company’s second quarter profit outlook fell well short of analysts’ consensus estimates. WHAT'S NEW: Last night, Aeropostale reported first quarter adjusted losses per share of (52c) and revenue of $395.9M, against consensus views of (72c) and $410.04M, respectively. Comparable sales, including the e-commerce channel, for the first quarter decreased 13%, compared to a decrease of 14% for the corresponding 13-week period in 2013. WHAT’S NOTABLE: The company’s Q2 outlook for losses of (61c)-(55c) fell significantly short of the consensus forecast for losses of (50c) per share. ANALYST REACTION: This morning, research firm RBC Capital downgraded Aeropostale to Sector Perform from Outperform. PRICE ACTION: In morning trading, Aeropostale fell 97c, or about 21.6%, to $3.55 on heavy trading volume. Including today’s pull back, the stock has lost approximately 78% over the past twelve months. OTHERS TO WATCH: Other mall-based apparel retailers include American Eagle Outfitters (AEO), Abercrombie & Fitch (ANF), Pacific Sunwear (PSUN), and The Wet Seal (WTSL).
News For ARO;ANF;AEO;PSUN;WTSL From The Last 14 Days
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April 24, 2015
13:26 EDTANFAbercrombie & Fitch to end "Look Policy" for employees, Bloomberg reports
Abercrombie & Fitch will retire its "appearance and sense of style" hiring rule for employees, reports Bloomberg. Abercrombie brand President Christos Angelides and Hollister brand President Fran Horowitz said the changes to the dress code are part of their plan to cater to more shoppers. Reference Link
April 23, 2015
16:17 EDTAROAeropostale announces changes to board
Aéropostale announced future changes to the composition of its board. Robert Chavez has advised the company that he will not seek re-election to the company's board at the 2015 Annual Stockholder Meeting due to his responsibilities and time commitments as president and CEO of Hermes of Paris. Chavez will continue to serve until the 2015 Annual Meeting. Stefan Kaluzny has also advised the company that he will not seek re-election as a Director at the 2015 Annual Stockholder Meeting. Kaluzny, a Managing Director of Sycamore Partners, has served as a designated Series B Director since May 2014. He will also continue to serve until the 2015 Annual Meeting.
April 22, 2015
11:08 EDTAEOOptions with increasing implied volatility
Options with increasing implied volatility: CZR FMSA PSEC CSX AEO CRM BBY SPLS HPQ DTV
April 15, 2015
14:58 EDTANFAbercrombie & Fitch June calls active
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10:00 EDTARO, ANF, AEOOn The Fly: Analyst Initiation Summary
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06:56 EDTAEOAmerican Eagle initiated with a Buy at Guggenheim
Target $20.
06:56 EDTAROAeropostale initiated with a Neutral at Guggenheim
06:56 EDTANFAbercrombie & Fitch initiated with a Neutral at Guggenheim
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April 13, 2015
06:22 EDTANFGap, Target, others scrutinized by NY AG over staffing practices, WSJ says
Several major retailer including Gap (GPS) and Target (TGT) are under investigation by New York Attorney General Eric Schneiderman over their staffing practices and whether they require workers to show up or stay home with little notice, The Wall Street Journal reports. Schneiderman sent letters warning Abercrombie & Fitch (ANF), JC Penney (JCP), Urban Outfitters (URBN), TJX Cos (TJX), Ann Inc (ANN), L Brands (LB), Burlington Stores (BURL), Sears Holdings (SHLD), Williams-Sonoma (WSM) and J Crew Group that he believes the chains are using on-call scheduling and that such practices may be in violation of New York laws. Reference Link

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