Is Sears the Ultimate Value Stock?
We don’t think so, but we assess the retailer after its weak second quarter results and bullish commentary from Bruce Berkowitz.
ROST
Ross Stores Posts A Strong Second Quarter
Discounter Ross Stores posted strong second-quarter results, but shares are too rich for our liking.
Dick’s Sporting Goods’ Strong Growth Continues
Dick’s Sporting Goods reported strong second quarter results, but we aren’t fans of shares at current levels.
Strong Results Across the Retail Spectrum: Michael Kors, TJ Maxx and Saks
Brand names continue to drive results in the retail sector.
Nordstrom Clears the Way for Long-Term Growth
Nordstrom reported solid second quarter results. However, we’re more encouraged by its plans to expand Rack over the next several years.
July Retail Same-Store Sales Trends Look Positive
With the exception of Abercrombie, July same-store sales were pretty good.
June Same Store Sales Actually Weren’t Bad
Though a few companies fell short of expectations, we thought June same-store sales numbers were mostly positive. We think lower energy prices may have reinvigorated the US consumer during the month.
DSW’s Second Quarter Might Not Be Great But Full-Year Outlook Remains
Following recent trends from companies such as the Men’s Wearhouse, DSW’s second-quarter outlook points to more clearance and off-priced sales than originally thought.
How Would a Double Dip Impact Retailers?
Though we don’t think a double-dip recession in the US is around the corner, we outline our views on how the general economy and employment trends impact same-store-sales performance across the consumer spectrum.
March Retail Sales Speak to Strength in the US Economy
Retail sales numbers issued Thursday by the International Council of Shopping Centers (ICSC), which tracks 22 retailers, reinforced what we’ve been saying for some time: the US economy continues to grow and the pace of expansion may even be accelerating, even in the face of domestic political uncertainty, concerns about a slowdown in Chinese growth, and a recession in the Eurozone. According to ICSC data, retail sales rose 4.1% for March, with strong growth across all segments. We think the strong March retail sales performance and improving employment trends bode well for the US economy as we head into the second quarter. Though we liked the underlying March performance, we’re not making any changes to our fair value estimates for … Read more