New User:

-or-
Username:
Password:
Forgot your password?

Stock Market & Financial Investment News

News Breaks
March 25, 2014
12:56 EDTCWTR, CHS, NWY, CACH, ANNCache slips after reporting Q4 losses exceed expectations
Shares of women's sportswear and dress retailer Cache (CACH) are slipping after the company reported a fourth quarter losses that were steeper than expected. WHAT'S NEW: Cache reported a fourth quarter adjusted loss per share of 17c, compared to analysts consensus forecast for 8c loss per share. The company reported fourth quarter revenue of $55.8M, also missing expectations, and said same-store sales declined 5.9% in the quarter. WHAT'S NOTABLE: During the company's fourth quarter earnings conference call, Cache said it remains confident in its strategies and expects to show progress towards improving sales productivity and profitability during FY14. Cache said that while a turnaround was not as quick as it had hoped, the company said that it is still making progress. Still, Cache said the first quarter has been soft. The company said it sees a shift in sales favoring the upcoming second quarter due to the timing of Easter and later school proms. The company said its store closing due to snow storms caused it to operate with 1,800 less shopping hours in February versus last year. PRICE ACTION: During afternoon trading, shares of Cache were down 25c or 6.5% to $3.59. OTHERS TO WATCH: Other mall-based women's apparel retailers include Ann Inc. (ANN), Chico's FAS (CHS), Coldwater Creek (CWTR) and New York & Company (NWY).
News For CACH;ANN;CHS;CWTR;NWY From The Last 14 Days
Sign up for a free trial to see the rest of the stories you've been missing.
February 26, 2015
07:25 EDTCHSChico's sees FY15 comparable sales increase in positive, low single digits
Subscribe for More Information
07:24 EDTCHSChico's announced organization realignment, eliminates 240 existing positions
The company announced an organizational realignment to ensure that resources are better aligned with long-term growth initiatives, including omni-channel. The changes resulted in the elimination of approximately 240 existing positions, which is expected to result in approximately $38M of annualized savings. The corporate organizational realignment resulted in a 12% reduction of the company's headquarters and field management employee base. In the fourth quarter of 2014, the company recorded pre-tax restructuring charges related to headcount reductions, including severance and other charges, of approximately $8.2M.
07:23 EDTCHSChico's expects to increase rate of domestic store closures
The company expects to close approximately 120 stores starting in fiscal 2015 through 2017. These 120 store closings are expected to ultimately result in expense savings of approximately $55.2 million upon completion. In the fourth quarter of 2014, the company recorded pre-tax impairment charges associated with the accelerated closures of approximately $5.3M. For fiscal 2015, the Company plans to close approximately 35 stores.
07:23 EDTCHSChico's sees FY15 CapEx $100M
Subscribe for More Information
07:22 EDTCHSChico's expects to execute $250M accelerated share repurchase agreement in Q1
At the end of the fourth quarter, the company had $290M remaining under its existing authorization.
07:21 EDTCHSChico's reports Q4 comparable sales growth of 4.3%
Subscribe for More Information
07:20 EDTCHSChico's reports Q4 adjusted EPS 5c, consensus 2c
Reports Q4 revenue $656.91M, consensus $639.93M
February 25, 2015
09:08 EDTCHSOn The Fly: Pre-market Movers
Subscribe for More Information
06:28 EDTCHSSycamore cancels attempt to buy Chico's, WSJ says
Subscribe for More Information
February 24, 2015
09:59 EDTCHSChico's management to meet with Oppenheimer
Subscribe for More Information
February 20, 2015
12:49 EDTANNOn The Fly: Midday Wrap
Subscribe for More Information
10:01 EDTANNOn The Fly: Analyst Downgrade Summary
Subscribe for More Information
08:13 EDTANNAnn Inc. downgraded to Neutral from Outperform at Macquarie
Macquarie downgraded Ann Inc to Neutral based on gross margin concerns. The firm sees incremental shipping costs due to the West Coast situation and promotional activity pressuring results. Price target is $37.
06:03 EDTANNAnn Inc. working with JPMorgan on potential sale, Bloomberg reports
Subscribe for More Information
05:54 EDTANNAnn Inc. volatility up into working with JPMorgan on potential sale, report
Subscribe for More Information
February 19, 2015
17:58 EDTANNAnn Inc. working with JPMorgan on potential sale, Bloomberg says

Sign up for a free trial to see the rest of the stories you've been missing.

I agree to the theflyonthewall.com disclaimer & terms of use