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Retail Analyst: Nordstrom's Decision Purely Business
Wednesday, February 8, 2017 - 3:32pm | 356Nordstrom, Inc. (NYSE: JWN)'s decision to cease its business relationship with President Trump's daughter prompted a response from the president. Nordstrom announced last week it will no longer carry Ivanka Trump's line of women's clothing, accessories and other fashion products....
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The Gap Delivers December Sales Upside Surprise
Friday, January 6, 2017 - 11:18am | 555Gap Inc (NYSE: GPS), the global retailer that sells clothing, accessories and personal care products across the Gap, Banana Republic, Old Navy, Athleta and Intermix brands, reported on Thursday its sales metrics for the November and December 2016 holiday season. Net sales for the five-week period...
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The Tilly's Bear Case Following A Q3 Beat
Thursday, December 1, 2016 - 2:22pm | 304Shares of Tilly's Inc (NYSE: TLYS) climbed as much as 34 percent to set a new 52-week high of $13.19 following the company’s third-quarter beat, driven by strong Black Friday and Cyber Monday sales and cost cuts. Tilly’s, a specialty retailer of casual apparel, footwear and accessories...
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Stifel Responds To Gap's September Numbers: 'Old Navy On Fire'
Friday, October 7, 2016 - 2:21pm | 262Stifel reiterated its Hold rating on the shares of Gap Inc (NYSE: GPS), as it anticipated continued challenges at its Gap and Banana divisions in the near term. Commenting on Old Navy's fall product as appealing and well assorted, the firm said results at Old Navy were encouraging. Analyst Richard...
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The Brexit's Impact On Consumer Confidence
Wednesday, June 29, 2016 - 4:41pm | 285Stifel Softlines Retail analyst Richard Jaffe considered the group as a whole. The analyst discussed topics such as back to school, seasonally warmer weather and the Brexit's impact on an always-important component of retail spending, consumer confidence. Jaffae highlighted "...
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Gap's Weak Traffic Continues; Stifel Lowers Price Target To $28
Tuesday, May 10, 2016 - 4:17pm | 326Stifel says though near-term results at Gap Inc (NYSE: GPS) will be "challenging," but the company's leadership changes and merchandising efforts will help long-term growth. The apparel retailer, which was anticipating that the Spring collection would boost results, reported a 7 percent fall in...
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Why Would Urban Outfitters Get Into The Restaurant Business?
Monday, November 16, 2015 - 2:09pm | 427Shares of Urban Outfitters, Inc. (NASDAQ: URBN) lost nearly 10 percent on Monday. Urban Outfitters announced it has agreed to acquire the Vetri Family group of restaurants, including the popular Pizzeria Vetri. The question investors are asking is simply, "Why would a retailer acquire a...
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Stifel On Holiday Outlook For Softline Retailers: 'Not All Doom And Gloom'
Tuesday, October 20, 2015 - 11:26am | 406Stifel is predicting 2-3 percent softline retail sales growth this holiday season. Drivers include new fashion trends, declining electronics sales and an extra shopping day. The cost of free shipping will continue to weigh heavily on margins. Holiday shopping season is almost here, and...
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Stifel Upgrades Zumiez On Long-Term Path To Growth
Thursday, September 17, 2015 - 9:27am | 270Zumiez Inc. (NASDAQ: ZUMZ) has seen a 61.67 percent decline in its share price year-to-date. Stifel’s Richard E. Jaffe has upgraded the company from Hold to Buy, with a price target of $18. Jaffe believes that the recent sell-off in the stock was overdone and that the company’...
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Stifel Believes Nordstrom Is 'Best-In-Class'
Tuesday, September 15, 2015 - 8:34am | 415Nordstrom, Inc. (NYSE: JWN) shares have lost 6 percent year-to-date, declining since hitting a high of $82.32 on March 20. Stifel’s Richard Jaffe upgraded the company from Hold to Buy, while establishing a price target of $84. The company is poised to benefit from the initiatives...
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Abercrombie & Fitch Shares Cheering Stifel Upgrade
Thursday, August 27, 2015 - 10:20am | 267Abercrombie & Fitch Co (NYSE: ANF) shares are down 34 percent year-to-date. Stifel analyst Richard E. Jaffe upgraded the rating on the company from Hold to Buy, while maintaining a price target of $24. An improved merchandise assortment and a greatly reduced cost structure improve the...
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Stifel Comments On Winter Impact On Retail; Analysts Optimistic For First Half Of 2015
Wednesday, January 28, 2015 - 7:50am | 497In a report published Tuesday, Stifel analysts Richard Jaffe, Megan Roesch and Samantha Shapiro Swerdlin commented on the softlines retail industry and how it will continue to be impacted by the blizzard of 2015. According to the analysts, a solid January can be expected as “the positive...
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UPDATE: Stifel Reiterates On Urban Outfitters Following Q3 EPS Report
Tuesday, November 18, 2014 - 10:05am | 145In a report published Tuesday, Stifel analyst Richard Jaffe reiterated a Buy rating on Urban Outfitters, Inc. (NASDAQ: URBN), but lowered the price target from $42.00 to $38.00. In the report, Stifel noted, “URBN reported 3Q EPS of $0.35, $0.06 below consensus, $0.07 below our estimate and a 26%...
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Stifel Previews Department Stores Q3 Earnings: Macy's, Kohl's And Nordstrom
Monday, November 10, 2014 - 12:41pm | 256Richard Jaffe previewed Softline retailers upcoming third quarter results in a note to clients on Monday. The analyst maintains a positive tone on Macy's, Inc. (NYSE: M), Kohl's Corporation (NYSE: KSS) and Nordstrom, Inc. (NYSE: JWN). Jaffe notes that there exists “near-term...
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Stifel Downgrades Tilly's, Stock Falls 4%
Monday, November 3, 2014 - 12:16pm | 211Stifel downgraded Tilly’s Inc (NYSE: TLYS) from Buy to Hold in a report issued Monday. Analyst Richard Jaffe commented that “the company's results remain challenged by a highly competitive teen apparel market. The strategy of operating a big-box, multi-brand teen apparel...