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<generator>Blogsmith http://www.blogsmith.com/</generator><item><title><![CDATA[The week in preview: Macy's, Nordstrom, Abercrombie, JCPenney, and Kohl's]]></title><link>http://www.bloggingstocks.com/2008/11/09/the-week-in-preview-macys-nordstrom-abercrombie-jcpenney-a/</link><guid isPermaLink="true">http://www.bloggingstocks.com/2008/11/09/the-week-in-preview-macys-nordstrom-abercrombie-jcpenney-a/</guid><comments>http://www.bloggingstocks.com/2008/11/09/the-week-in-preview-macys-nordstrom-abercrombie-jcpenney-a/#comments</comments><description><![CDATA[<p>Filed under: <a href="http://www.bloggingstocks.com/category/earnings-reports/" rel="tag">Earnings Reports</a>, <a href="http://www.bloggingstocks.com/category/forecasts/" rel="tag">Forecasts</a>, <a href="http://www.bloggingstocks.com/category/wmt/" rel="tag">Wal-Mart (WMT)</a>, <a href="http://www.bloggingstocks.com/category/kss/" rel="tag">Kohl's Corp (KSS)</a>, <a href="http://www.bloggingstocks.com/category/crox/" rel="tag">Crocs Inc (CROX)</a>, <a href="http://www.bloggingstocks.com/category/urbn/" rel="tag">Urban Outfitters (URBN)</a></p><p><img vspace="4" hspace="4" border="1" align="right" alt="" src="http://www.blogcdn.com/www.bloggingstocks.com/media/2008/11/urbn_kss_m_crox.jpg" /></p>
<p><em><strong> Update Nov. 26, 2008: See all 2008 <a href="http://www.walletpop.com/specials/black-friday-deals">Black Friday deals.</a> </strong></em><br /></p>
This week, some apparel and accessory producers and retailers offer a look at how they've been doing between early summer's economic stimulus spending and the coming holiday season. While <a href="http://finance.aol.com/quotes/polo-ralph-lauren-corporation/rl/nys">Polo Ralph Lauren Corp.</a> (NYSE: <a href="http://finance.aol.com/quotes/polo-ralph-lauren-corporation/rl/nys">RL</a>) reported higher earnings last week, <a href="http://finance.aol.com/quotes/coldwater-creek-inc/cwtr/nas">Coldwater Creek Inc.</a> (NASDAQ: <a href="http://finance.aol.com/quotes/coldwater-creek-inc/cwtr/nas">CWTR</a>), <a href="http://finance.aol.com/quotes/eddie-bauer-holdings-inc/ebhi/nas">Eddie Bauer Holdings Inc.</a> (NASDAQ: <a href="http://finance.aol.com/quotes/eddie-bauer-holdings-inc/ebhi/nas">EBHI</a>), <a href="http://finance.aol.com/quotes/cole-kenneth-productions-inc/kcp/nys">Kenneth Cole Productions Inc.</a> (NYSE: <a href="http://finance.aol.com/quotes/cole-kenneth-productions-inc/kcp/nys">KCP</a>), and <a href="http://finance.aol.com/quotes/k-swiss-inc/ksws/nas">K-Swiss Inc.</a> (NASDAQ: <a href="http://finance.aol.com/quotes/k-swiss-inc/ksws/nas">KSWS</a>) all reported net losses as consumers pulled back on spending over the summer due to higher fuel prices and other economic worries. The expectations of analysts surveyed by Thomson Financial for such companies scheduled to report this week don't look much different; i.e., a bright spot or two among lower expectations overall.
<p> </p>
<p>Hip retailer <a href="http://finance.aol.com/quotes/urban-outfitters-inc/urbn/nas">Urban Outfitters Inc.</a> (NASDAQ: <a href="http://finance.aol.com/quotes/urban-outfitters-inc/urbn/nas">URBN</a>) is expected to post earnings 22.9% higher than a year ago, to $0.35 per share, on revenue of $475.9 million (+26.4%). The Philadelphia-based company already said that <a href="http://money.aol.com/news/articles/qp/ap/_a/urban-outfitters-3q-same-store-sales-up/rfid155772107">same-store sales in the quarter</a> were 10% higher. Urban Outfitters has beat expectations in recent quarters, by 11.5% in the previous quarter, and analysts on average recommend buying URBN. Shares fell to a 52-week low of $16.61 per share on Friday, and are down 29.5% from a year ago. Other companies expected to report more modest earnings growth in the coming week include watch and accessory maker <a href="http://finance.aol.com/quotes/fossil-incorporated/fosl/nas">Fossil Inc.</a> (NASDAQ: <a href="http://finance.aol.com/quotes/fossil-incorporated/fosl/nas">FOSL</a>), retail giant <a href="http://finance.aol.com/quotes/wal-mart-stores-inc/wmt/nys">Wal-Mart Stores Inc.</a> (NYSE: <a href="http://finance.aol.com/quotes/wal-mart-stores-inc/wmt/nys">WMT</a>), and <a href="http://finance.aol.com/quotes/tjx-companies-incorporated/tjx/nys">TJX Companies Inc.</a> (NYSE: <a href="http://finance.aol.com/quotes/tjx-companies-incorporated/tjx/nys">TJX</a>), parent of such discount retail chains as T.J. Maxx and Marshalls. These three companies have tended to top analysts estimates in recent quarters, and Fossil and TJX ended the week near their 52-week lows.</p>
<p>While Los Angeles-based <a href="http://finance.aol.com/quotes/american-apparel-inc/app/ase">American Apparel Inc.</a> (AMEX: <a href="http://finance.aol.com/quotes/american-apparel-inc/app/ase">APP</a>) had a <a href="http://money.aol.com/news/articles/qp/ap/_a/american-apparel-shares-soar-on-2q/rfid131042046">strong second quarter</a>, the casual wear maker is expected to report $0.13 per share earnings for the third quarter, the same as in the year-ago period. And analysts anticipate that <a href="http://finance.aol.com/quotes/kohl-s-corporation/kss/nys">Kohl's Corp.</a> (NYSE: <a href="http://finance.aol.com/quotes/kohl-s-corporation/kss/nys">KSS</a>) will report that profits fell 16.4% to $0.51 per share on revenue of $3.9 billion (+1.9%). Though <a href="http://money.aol.com/news/articles/qp/ap/_a/kohls-reiterates-3rd-quarter-guidance/rfid155820635">same-store sales for October</a> fell 9%, the Menomonee Falls, Wis.-based company reaffirmed its third-quarter forecast. Kohl's has offered positive surprises in recent quarters, topping estimates by 5.6% in the previous quarter. The consensus recommendation remains to buy KSS. Shares have been climbing after reaching a 52-week low in late October, but are still down 32.8% from a year ago.</p><p><a href="http://www.bloggingstocks.com/2008/11/09/the-week-in-preview-macys-nordstrom-abercrombie-jcpenney-a/" rel="bookmark">Continue reading <em>The week in preview: Macy's, Nordstrom, Abercrombie, JCPenney, and Kohl's</em></a></p><p style="padding:5px;background:#ddd;border:1px solid #ccc;clear:both;"><a href="http://www.bloggingstocks.com/2008/11/09/the-week-in-preview-macys-nordstrom-abercrombie-jcpenney-a/">The week in preview: Macy's, Nordstrom, Abercrombie, JCPenney, and Kohl's</a> originally appeared on <a href="http://www.bloggingstocks.com">BloggingStocks</a> on Sun, 09 Nov 2008 12:30:00 EST.  Please see our <a href="http://www.weblogsinc.com/feed-terms/">terms for use of feeds</a>.</p><h6 style="clear: both; padding: 8px 0 0 0; height: 2px; font-size: 1px; border: 0; margin: 0; padding: 0;"></h6><a href="http://www.bloggingstocks.com/2008/11/09/the-week-in-preview-macys-nordstrom-abercrombie-jcpenney-a/" rel="bookmark" title="Permanent link to this entry">Permalink</a>&nbsp;|&nbsp;<a href="http://www.bloggingstocks.com/forward/1365495/" title="Send this entry to a friend via email">Email this</a>&nbsp;|&nbsp;<a href="http://www.bloggingstocks.com/2008/11/09/the-week-in-preview-macys-nordstrom-abercrombie-jcpenney-a/#comments" title="View reader comments on this entry">Comments</a>]]></description><category>Abercrombie</category><category>American Apparel</category><category>ANF</category><category>APP</category><category>apparel</category><category>Charlotte Russe</category><category>CHIC</category><category>Coldwater Creek</category><category>Crocs</category><category>CROX</category><category>CWTR</category><category>earnings</category><category>EBHI</category><category>Eddie Bauer</category><category>fashion</category><category>featured</category><category>Fitch</category><category>FOSL</category><category>Fossil</category><category>JCP</category><category>JCPenney</category><category>JWN</category><category>K-Swiss</category><category>KCP</category><category>Kenneth Cole</category><category>Kohls</category><category>KSS</category><category>KSWS</category><category>LIZ</category><category>Liz Claiborne</category><category>Macys</category><category>Marshalls</category><category>Nordstrom</category><category>Polo Ralph Lauren</category><category>Ralph Lauren</category><category>retail</category><category>RL</category><category>T.J. Maxx</category><category>TJX</category><category>Urban Outfitters</category><category>URBN</category><category>Wal-Mart</category><category>WMT</category><dc:creator><![CDATA[Trey Thoelcke]]></dc:creator><pubDate>Sun, 09 Nov 2008 12:30:00 EST</pubDate></item><item><title><![CDATA[Analyst downgrades: BP, COP, CVX, WYE and XOM]]></title><link>http://www.bloggingstocks.com/2007/08/06/analyst-downgrades-bp-cop-cvx-wye-and-xom/</link><guid isPermaLink="true">http://www.bloggingstocks.com/2007/08/06/analyst-downgrades-bp-cop-cvx-wye-and-xom/</guid><comments>http://www.bloggingstocks.com/2007/08/06/analyst-downgrades-bp-cop-cvx-wye-and-xom/#comments</comments><description><![CDATA[<p>Filed under: <a href="http://www.bloggingstocks.com/category/xom/" rel="tag">Exxon Mobil (XOM)</a>, <a href="http://www.bloggingstocks.com/category/cvx/" rel="tag">Chevron Corp (CVX)</a>, <a href="http://www.bloggingstocks.com/category/cop/" rel="tag">ConocoPhillips (COP)</a>, <a href="http://www.bloggingstocks.com/category/bp/" rel="tag">BP p.l.c. ADS (BP)</a></p><strong><a href="http://www.theflyonthewall.com/splashPage.php?source=AOL"><img vspace="4" hspace="4" border="1" align="right" src="http://www.blogcdn.com/www.bloggingstocks.com/media/2007/08/aol-fly-logo.gif" alt="" /></a>MOST NOTEWORTHY:</strong> Wyeth (WYE), Luminent Mortgage Capital (LUM), CheckFree (CKFR), EOG Resources (EOG) and K-Swiss (KSWS) were today's noteworthy downgrades: <br />
<ul>
    <li>Cowen downgraded <a href="http://finance.aol.com/quotes/wyeth/wye/nys?tabs=quotesandnews">Wyeth </a>(NYSE: <a href="http://finance.aol.com/quotes/wyeth/wye/nys?tabs=quotesandnews">WYE</a>) to Neutral from Outperform based on limited long-term limited visibility. </li>
</ul>
<ul>
    <li>JP Morgan downgraded shares of <a href="http://finance.aol.com/quotes/luminent-mortgage-capital-inc/lum/nys?tabs=quotesandnews">Luminent Mortgage</a> (NYSE: <a href="http://finance.aol.com/quotes/luminent-mortgage-capital-inc/lum/nys?tabs=quotesandnews">LUM</a>) to Underweight from Neutral citing difficult CMO and CDO market conditions. </li>
</ul>
<ul>
    <li>JP Morgan downgraded <a href="http://finance.aol.com/quotes/checkfree-corporation/ckfr/nas?tabs=quotesandnews">CheckFree </a>(NASDAQ: <a href="http://finance.aol.com/quotes/checkfree-corporation/ckfr/nas?tabs=quotesandnews">CKFR</a>) to Neutral from Overweight following the company's acquisition by FiServ (FISV). </li>
</ul>
<ul>
    <li>Matrix cut shares of <a href="http://finance.aol.com/quotes/eog-resources-inc/eog/nys?tabs=quotesandnews">EOG Resources</a> (NYSE: <a href="http://finance.aol.com/quotes/eog-resources-inc/eog/nys?tabs=quotesandnews">EOG</a>) to Sell from Buy to reflect lower natural gas prices and increasing costs. </li>
</ul>
<ul>
    <li>Matrix believes soft demand for athletic shoes is leading to declining sales for <a href="http://finance.aol.com/quotes/k-swiss-inc-cl-a/ksws/nas?tabs=quotesandnews">K-Swiss</a> (NASDAQ: <a href="http://finance.aol.com/quotes/k-swiss-inc-cl-a/ksws/nas?tabs=quotesandnews">KSWS</a>), and cut shares to Sell from Buy... </li>
</ul>
<strong><br />OTHER DOWNGRADES</strong>: <br />
<ul>
    <li>JMP Securities downgraded <a href="http://finance.aol.com/quotes/capitalsource-inc/cse/nys?tabs=quotesandnews">CapitalSource </a>(NYSE: <a href="http://finance.aol.com/quotes/capitalsource-inc/cse/nys?tabs=quotesandnews">CSE</a>) to Outperform from Strong Buy. </li>
</ul>
<ul>
    <li>Oppenheimer has turned negative on oil and gas names for the near-term, as they now believe the downside risk exceeds upside potential; they cut shares of <a href="http://finance.aol.com/quotes/apache-corporation/apa/nys?tabs=quotesandnews">Apache Corp</a> (NYSE; <a href="http://finance.aol.com/quotes/apache-corporation/apa/nys?tabs=quotesandnews">APA</a>), <a href="http://finance.aol.com/quotes/bp-p-l-c/bp/nys?tabs=quotesandnews">BP PLC</a> (NYSE: <a href="http://finance.aol.com/quotes/bp-p-l-c/bp/nys?tabs=quotesandnews">BP</a>), C<a href="http://finance.aol.com/quotes/conocophillips/cop/nys?tabs=quotesandnews">onocoPhillips</a> (NYSE: <a href="http://finance.aol.com/quotes/conocophillips/cop/nys?tabs=quotesandnews">COP</a>), <a href="http://finance.aol.com/quotes/chevron-corporation/cvx/nys?tabs=quotesandnews">Chevron </a>(NYSE: <a href="http://finance.aol.com/quotes/chevron-corporation/cvx/nys?tabs=quotesandnews">CVX</a>) and <a href="http://finance.aol.com/quotes/exxon-mobil-corporation/xom/nys?tabs=quotesandnews">ExxonMobil </a>(NYSE: <a href="http://finance.aol.com/quotes/exxon-mobil-corporation/xom/nys?tabs=quotesandnews">XOM</a>), among others, to Neutral from Buy.</li>
</ul>
<em>Analyst summaries provided by <a href="http://www.theflyonthewall.com/splashPage.php?source=AOL">TheFlyOnTheWall.com</a> (subscription required).</em><p style="padding:5px;background:#ddd;border:1px solid #ccc;clear:both;"><a href="http://www.bloggingstocks.com/2007/08/06/analyst-downgrades-bp-cop-cvx-wye-and-xom/">Analyst downgrades: BP, COP, CVX, WYE and XOM</a> originally appeared on <a href="http://www.bloggingstocks.com">BloggingStocks</a> on Mon, 06 Aug 2007 10:42:00 EST.  Please see our <a href="http://www.weblogsinc.com/feed-terms/">terms for use of feeds</a>.</p><h6 style="clear: both; padding: 8px 0 0 0; height: 2px; font-size: 1px; border: 0; margin: 0; padding: 0;"></h6><a href="http://www.bloggingstocks.com/2007/08/06/analyst-downgrades-bp-cop-cvx-wye-and-xom/" rel="bookmark" title="Permanent link to this entry">Permalink</a>&nbsp;|&nbsp;<a href="http://www.bloggingstocks.com/forward/958801/" title="Send this entry to a friend via email">Email this</a>&nbsp;|&nbsp;<a href="http://www.bloggingstocks.com/2007/08/06/analyst-downgrades-bp-cop-cvx-wye-and-xom/#comments" title="View reader comments on this entry">Comments</a>]]></description><category>analyst</category><category>apa</category><category>apache</category><category>bp</category><category>capitalsource</category><category>checkfree</category><category>chevron</category><category>ckfr</category><category>conoco</category><category>cop</category><category>cse</category><category>cvx</category><category>downgrade</category><category>eog</category><category>exxon</category><category>k-swiss</category><category>ksws</category><category>lum</category><category>luminent</category><category>mobil</category><category>phillips</category><category>rating</category><category>swiss</category><category>wye</category><category>wyeth</category><category>xom</category><dc:creator><![CDATA[Kevin Shult]]></dc:creator><pubDate>Mon, 06 Aug 2007 10:42:00 EST</pubDate></item></channel></rss>
