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FedEx, UPS Now Riding On The Holiday Tracks
Monday, November 23, 2015 - 3:49pm | 541Read More...As many investors would expect, FedEx Corporation (NYSE: FDX) and United Parcel Service, Inc. (NYSE: UPS) thrive during the busy holiday season. Online holiday sales are expected to grow as much as 8 percent this year, eclipsing last year's 5.8 percent. Meanwhile, retailers are sitting on record...
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Macy's Crashed Following Its Troubled Outlook: Are Analysts Bullish?
Thursday, November 12, 2015 - 11:43am | 1102Read More...Shares of Macy's, Inc. (NYSE: M) plummeted to new 52-week lows of $39.75 on Wednesday after the company reported a downbeat third quarter and also lowered its full year outlook. Macy's stock hasn't dipped below the $40 per share mark since February 2013. With shares trading...
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Barclays Downgrades Ralph Lauren, Starts L Brands With Equal Weight, Gap With Underweight
Thursday, October 29, 2015 - 9:27am | 409Read More...While shares of Ralph Lauren Corp (NYSE: RL) and Gap Inc (NYSE: GPS) have lost more than 30 percent year-to-date, L Brands Inc (NYSE: LB) shares are up 11 percent. Barclays’ Joan Payson downgraded the rating on Ralph Lauren, while initiating coverage of L Brands and Gap. The apparel...
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Barclays Comments On G-III Apparel's Q2, Maintains At Overweight
Thursday, September 3, 2015 - 1:46pm | 285Read More...G-III Apparel Group, Ltd. (NASDAQ: GIII) reported its second-quarter results on Wednesday which were higher than expected. In a report, Barclay's Luxury, Apparel & Footwear analyst Joan Payson reviewed the print, noting that the company's reported earnings of $0.27 per share...
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Barclays Highlights 'Upside For Some' In Handbag Group, Considers Coach, Kate Spade, Michael Kors
Monday, July 27, 2015 - 11:54am | 579Read More...In a report published Monday, Barclays analyst Joan Payson commented on the U.S. Luxury, Apparel & Footwear space with a focus on handbags. According to Payson, some of the slowdown in the space could be related to near-term disruption around tourism (due to unfavorable exchange rates) and...
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Kate Spade A Top Pick At Barclays, Positioned To Outperform Given Strong E-Commerce Platform
Wednesday, March 11, 2015 - 10:42am | 249Read More...Barclays issued a report on Kate Spade and Co. (NYSE: KATE) on Wednesday saying that there are significant opportunities for growth across geographies, categories and channels. Barclays rates Kate Spade as Overweight with a $41 price target. Analysts Joan Payson and Bridgette Taylor wrote, "...
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UPDATE: Barclays Initiates Coverage On Tiffany & Co Amid 'Difficult Global Conditions'
Friday, October 17, 2014 - 1:36pm | 201Read More...Barclays initiated coverage on Tiffany & Co (NYSE: TIF) Friday with an Equal-weight rating. Analyst Joan Payson liked the initiatives underway, but thinks "the stock does not fully reflect softness in international markets, which represented 58 percent of sales last year and could...
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Wells Fargo: Michael Kors Holdings Ltd Investor Exit Could Cut Conflict Of Interest
Friday, September 5, 2014 - 2:12pm | 299Read More...Michael Kors Holdings Ltd (NYSE: KORS) getting dumped by two founding investors could be a sign of a slowdown. But it also may provide critical independence in acquiring control of Kors-branded stores in China. The apparel retailer said Thursday that Lawrence Stroll and Silas Chou's...
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Coach Hits Year-Low; Analysts Skeptical Of Restructuring Plan
Friday, June 20, 2014 - 12:07pm | 383Read More...Coach's (NYSE: COH) plan to shut 20 percent of its stores and upgrade the rest received uniformly dour reviews on Wall Street, as shares hit a low for the year on Friday. Coach on Thursday unveiled related restructuring charges of up to $300 million and said same-store sales were likely to...
