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March 19, 2013
14:30 EDTDSW, SHOO, BWS, GCOFootwear retailers fall after DSW says recent sales trends weak
Several footwear retailers are retreating after a company in the sector, DSW (DSW), reported weaker than expected fourth quarter results. DSW added that its comparative sales have fallen 5% during the first six weeks of the current quarter as sales trends have weakened. Others in the sector, including Steve Madden (SHOO), Genesco (GCO) and Brown Shoe Company (BWS), are falling significantly in the wake of DSW's results. However, in a note to investors earlier today, research firm Canccord recommended that investors use Steve Madden's weakness as a buying opportunity. The firm believes that Steven Madden is taking market share and that its business is tracking to plan. In mid-afternoon trading, Steve Madden fell 3.6% to $43, Genesco gave back 2% to $60.10, Brown Shoe Company lost 1.4% to $16.90 and DSW tumbled 6.7% to $62.50.
News For SHOO;GCO;BWS;DSW From The Last 14 Days
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September 3, 2015
07:28 EDTGCOGenesco backs FY16 adjusted EPS $4.70-$4.80, consensus $4.71
The expectations do not include expected non-cash asset impairments and other charges, estimated in the range of $8.1M to $8.6M pretax, or 22c-23c per share after tax, for the full fiscal year. These expectations also do not reflect expenses related to Schuh deferred purchase price payments as described above, which are $1.5M, or 6c per diluted share, for the full year. This guidance assumes comparable sales increases in the 4% to 5% range for the full year.
07:27 EDTGCOGenesco reports August comparable sales up 6%
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07:27 EDTGCOGenesco off to 'strong start in spite of later Labor Day'
The company said it was aided by the ramp up in the start of school in many areas of the country and the corresponding tax free shopping periods.
07:26 EDTGCOGenesco reports Q2 comparable sales up 7%
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07:25 EDTGCOGenesco reports Q2 adjusted EPS cont ops 36c, consensus 24c
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September 2, 2015
14:50 EDTGCONotable companies reporting before tomorrow's open
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August 27, 2015
11:45 EDTGCOGenesco management to meet with Jefferies
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August 26, 2015
09:30 EDTDSWDSW selloff after earnings overdone, says William Blair
William Blair analyst Amy Noblin acknowledged that DSW's Q2 sales were light compared to expectations, but said the quarter was "solid" overall in her view and attributes the post-earnings selloff to concerns regarding strength in athletic footwear, to which DSW is under-exposed, and limited margin recapture given its investments. However, Noblin said she is encouraged that DSW keeps showing positive comp and margin performance and remains positive on the shares.
09:07 EDTDSWDSW price target lowered to $37 from $44 at Jefferies
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08:08 EDTDSWDSW price target lowered to $37 from $46 at Canaccord
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August 25, 2015
16:43 EDTDSWOn The Fly: Top stock stories for Tuesday
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09:13 EDTDSWOn The Fly: Pre-market Movers
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07:03 EDTDSWDSW backs FY15 EPS $1.80-$1.90, consensus $1.91
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07:02 EDTDSWDSW reports Q2 EPS 42c, consensus 42c
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August 24, 2015
15:09 EDTDSWNotable companies reporting before tomorrow's open
Notable companies reporting before tomorrow's open, with earnings consensus, include Best Buy (BBY), consensus 34c... Toll Brothers (TOL), consensus 49c... Valspar (VAL), consensus $1.26... DSW (DSW), consensus 42c... Children's Place (PLCE), consensus (33c).
August 20, 2015
09:30 EDTDSWDSW Q2 revenue tracking below consensus, says ITG Research
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07:10 EDTSHOOSteven Madden should benefit from new fashion trends, says Canaccord
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