News Breaks |
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| September 2, 2012 |
| 23:20 EDT |  | TJX, WMT, SKS, DG, ROST, JWN | Citi's Weinswig sees good things ahead for lower-end retailers, Barron's says
Retail stocks have had a pretty good year, with sound inventory management and share buybacks having helped offset so-so revenue growth, Barron's reports. However, Deborah Weinswig -- the retail analyst at Citi Investment Research -- remains cautious about the sector for the year's second half as she maintains that consumers are "stretched". Weinswig sees good things ahead for Wal-Mart (WMT), Nordstrom Rack (JWN), Dollar General (DG), TJX Companies (TJX) and Ross Stores (ROST). But she's wary of the holiday-shopping outlook for higher-end retailers, such as Saks (SKS) and Nordstrom itself. Reference Link |
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News For WMT;JWN;DG;TJX;ROST;SKS From The Last 14 Days Check below for free stories on WMT;JWN;DG;TJX;ROST;SKS the last two weeks. |
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| May 21, 2013 |
| 18:56 EDT |  | SKS | On The Fly: After Hours Movers
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| 16:26 EDT |  | SKS | On The Fly: Closing Wrap
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| 16:14 EDT |  | SKS | Saks spikes higher as company retains Goldman for strategic alternatives
The shares are currently up over 15.5% in the extended session to $15.76 after a report that the company has retained Goldman to explore strategic alternatives, including a possible sale. At current price next resistance is at $16.86. Support is at $15.49, a prior pivot low. |
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| 16:12 EDT | | SKS | Saks up 15% after NY Post says Goldman hired for possible sale
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| 16:08 EDT | | SKS | Saks hires Goldman Sachs to explore strategic alternatives, NY Post says
Saks has hired Goldman Sachs to explore strategic alternatives, including a possible sale, reports The New York Post, citing a source briefed on the situation. Reference Link |
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| 15:00 EDT |  | TJX | TJX price target raised to $57 from $50 at Sterne Agee
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| 14:50 EDT | | WMT | Wal-Mart among 19 large retailers to opt out of swipe fee deal, DJ reports
A group of 19 large retailers led by Wal-Mart (WMT) are opting out of a pending settlement with Visa (V) and MasterCard (MA) over swipe fees, reported Dow Jones, citing a statement from the companies. The group of merchants also includes Costco (COST), Starbucks (SBUX), Gap (GPS), Lowe's (LOW) and Nike (NKE), among others, and their announcement comes a week before a court deadline to object to and opt out of the proposed settlement, the report noted. Reference Link |
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| 14:09 EDT |  | WMT | Waste Management volatility low as shares rally to record high
Waste Management overall option implied volatility of 15 is below its 26-week average of 17 according to Track Data, suggesting decreasing price risk. |
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| 12:36 EDT | | SKS | On The Fly: Midday Wrap
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| 11:32 EDT | | ROST | Ross Stores volatility flat into Q1 and outlook
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| 09:25 EDT | | SKS | On The Fly: Pre-market Movers
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| 08:43 EDT | | TJX | TJX CEO says 'well on road' to being $40B+ company
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| 08:41 EDT |  | TJX | TJX narrows FY13 EPS view to $2.70-$2.78, consensus $2.82
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| 08:40 EDT | | TJX | TJX sees Q2 EPS 61c-63c, consensus 64c
Sees Q2 SSS growth of 2%-3%. |
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| 08:38 EDT | | TJX | TJX reports Q1 EPS 62c, consensus 62c
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| 08:19 EDT | | SKS | Saks sees FY13 SSS up 4%-6% for remainder of year
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| 08:14 EDT | | SKS | Saks reports Q1 SSS up 5.9%
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| 08:06 EDT | | SKS | Saks expects to invest $85-$95M in Project Evolution
Company said noted, "Project Evolution is key to our omni-channel transformation. It can be difficult to project all expenses associated with a multi-year project of this magnitude. As we have gotten further along in the process, we generally remain on schedule but expect to incur more expenses in 2013 than we initially anticipated. Our expected total capital investment in the project remains unchanged at approximately $85M-$95M. We remain absolutely confident that this investment is the right one for the business." |
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| 08:02 EDT | | SKS | Saks reports Q1 EPS ex-items 19c, consensus 19c
Reports Q1 revenue $793.19M, consensus $778.53M. |
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| 07:32 EDT |  | WMT | CTIA–The Wireless Association to host a conference
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