Dana Telsey, CEO at Telsey Advisory Group joins CNBC’s “Closing Bell Overtime” to discuss the retail sector in the back-half of the year and the tariff impact on retailers. To view the video, please click on the following link:
Nike late Thursday reported a 12% quarterly sales decrease, but it’s what’s next that has many Wall Street traders excited. “Overall, Nike is making the right moves by cleaning up inventory, rebalancing the product portfolio by increasing newness and reducing the focus on classic franchises, and strengthening relationships with wholesale...
If you're anywhere near Weedsport, N.Y., this weekend, you might want to stop by 8881 South Seneca Street. That's where Dollar General (DG) is holding a grand opening on June 28 for its relocated store. The Cayuga County village, half an hour west of Syracuse, is the birthplace of the...
U.S. grocer Kroger (KR.N), opens new tab bumped up its annual sales growth forecast on Friday and said it would invest in lowering prices to attract value-seeking consumers against a backdrop of tariff-induced uncertainty, sending its shares 7% higher. Maintaining the company's profit target was "good news", Telsey Advisory Group...
Predictions from mainstream economists were dire after President Donald Trump launched his tariff campaign just a couple weeks after he began his second term in office: Prices would rise — sharply — they said, reigniting an inflation crisis that tens of millions of Americans had elected him to solve. “There...
Kroger (KR) stock was up 6% at market open on Friday after the company raised its full-year sales forecast, held its profit outlook steady, and posted results for its most recent quarter that were mixed. The company is navigating an increasingly competitive environment with Walmart (WMT) and Costco (COST) gaining...
Nike Inc.’s turnaround might take a bit longer than originally thought. Telsey Advisory Group’s (TAG) Cristina Fernández said the athletic brand “seems several quarters away from reaching stabilization in the business, but is making the right moves by cleaning up inventory, rebalancing the product portfolio by increasing newness and reducing...
On paper, the brand elevation playbook is relatively straightforward: reduce excessive discounting and overexposure in outlet and wholesale channels while increasing desirability and exclusivity — all of which will allow you to raise prices and improve margins. But while many luxury brands have pursued elevation, there are fewer recent success...
The mass merchant is looking to turn around falling sales and declining customer sentiment. But first, it needs to diagnose its own problems. One benefit to Target’s private-label focus is that it protects the retailer slightly from tariffs, Telsey Advisory Group’s Assistant Director of Research and retail analyst Joe Feldman...
Dana Telsey, CEO at Telsey Advisory Group joins CNBC’s “Closing Bell Overtime” to talk the recent state of retail earnings. To view the video, please click on the following link:
Costco (COST) reported mixed results on Thursday after market close as shoppers sought out value during the rollout of Trump's tariffs. Prior to results, Telsey Advisory Group's Joe Feldman said in a note that he still likes Costco "for its consistency, value offering, and high member loyalty." To view the...
Kohl’s (KSS) retained its annual targets and reported better-than-expected quarterly results as the U.S. department store chain bets on its turnaround against the backdrop of tariff-induced uncertainty, pushing its shares up 15% on Thursday. Kohl's maintaining forecasts was "an encouraging sign in the current environment," Telsey Advisory Group analyst Dana...
Capri Holdings (CPRI) said on Wednesday that it might selectively raise prices on leather handbags to cushion a hit from tariffs as the Michael Kors owner tries to revive sales at its core brand by undertaking an ambitious turnaround plan. "We continue to see meaningful work that needs to be...
Dana Telsey, Telsey Advisory Group, Founder & CEO speaks with Romaine Bostick on Bloomberg TV about retail earnings reporting this week and US consumer confidence. To view the video, please click on the following link:
Dana Telsey, Chief Research Officer & CEO at Telsey Advisory Group, joins CNBC’s “The Exchange” to discuss how much tariffs have weighed on retailers as the sector reports earnings this week. To view the video, please click on the following link:
Home Depot (HD) investors hoping for a turnaround in the housing market may have to keep waiting. "We project it to take multiple quarters and into next year before the growth becomes more solid and flows through to earnings, as near-term macro pressures continue, particularly with uncertainty amidst new tariff...
Telsey Advisory Group analyst Joseph Feldman reiterated the Outperform rating on Target Corporation, lowering the price forecast from $145 to $130. Target will report its first-quarter earnings on Wednesday, May 21. Analyst Feldman lowered first-quarter and full-year 2025 estimates for Target, citing weaker consumer spending, particularly in discretionary and general...
Dick’s Sporting Goods is buying Foot Locker in a $2.5 billion transaction aimed at creating a “global leader in the sports retail industry,” but experts say the deal underscores just how far Foot Locker has fallen. Telsey Advisory Group analyst Cristina Fernández tells FOS that Foot Locker’s struggles are nothing...
Athletic retailer Dick's Sporting Goods plans to buy Foot Locker, the seller of shoes in many a shopping mall, for about $2.4 billion. "The Foot Locker banner, which brings a more urban consumer and exposure to basketball and sneaker culture, can complement Dick's customer who skews toward athletes and suburban...
While other brands may be scrambling to figure out how to deal with tariffs, Birkenstock Holding plc has little to worry about on that front. “We continue to see Birkenstock bringing new iterations of classic styles to market, which helps drive additional purchases and higher ASPs (average selling prices). Additionally,...
Dick's Sporting Goods' (DKS) big bet for Foot Locker (FL) may have plenty of pitfalls. "The proposed transaction would mean acquiring a structurally challenged, mall-based retailer with 2,410 small-format stores worldwide ... a heavy dependence on one brand [Nike] ... and a weak operating margin of 2.5% in 2024 that...
Walmart (WMT) posted a mixed quarterly print Thursday morning as it navigates President Trump's tariffs. Telsey Advisory Group's Joe Feldman wrote in a note to clients that the retailer is expected to "weather the pressure better than most." To view the full article, please click on the following link:
Joe Feldman, Telsey Advisory Group, joins CNBC’s “Fast Money” to talk about what to expect from Walmart’s quarterly results. To view the video, please click on the following link:
Dana Telsey, Chief Research Officer & CEO at Telsey Advisory Group, joins CNBC’s “Money Movers” to discuss retail outlooks, expectations for American Eagle, and more. To view the video, please click on the following link:
President Donald Trump’s unpredictable trade policies and public threats against companies have made it nearly impossible to set prices. Telsey Advisory Group, which has started to track online prices of dozens of clothing, sporting goods, home furnishings and other products in response to tariffs, found “small, select increases” in April...
Retailers may breathe a sigh of relief as the US and China signal a truce in their trade war. Telsey Advisory Group's Joe Feldman told Yahoo Finance the move "may have just saved the Christmas season," as retailers can bring in the inventory now and "start to get product in."...
Once the darling of American suburban retail, Target is now facing what many analysts describe as a defining moment in its long-standing legacy. The retailer, known for merging affordability with style and convenience, is struggling to regain momentum in a consumer landscape that has dramatically shifted since the peak of...
Retailer Target is under pressure on multiple fronts: it’s facing pushback after rolling back its diversity, equity and inclusion initiatives; it’s fighting off stiffer competition from nimble competitors like Amazon; and the company has higher exposure to a decline in consumer spending amid inflation and tariff volatility than rivals like...
Dollar General is among the best-performing stocks in the first 100 days of President Donald Trump’s second term. Dollar General CEO Todd Vasos has been working on a turnaround since returning to the company in October 2023. A back-to-basics focus on productivity and existing stores has contributed to its recent...
ThredUp (NASDAQ:TDUP) gained in morning trading on Monday after pointing to significant upside for the online consignment and thrift stock ahead of the company's Q1 earnings report. Telsey Advisory Group views the reinvestments by ThredUp (TDUP) as healthy, particularly after it exited its international operations and sharpened the focus on...
Retail sales surged last month as Americans binge-bought everything from lawnmowers to lacrosse sticks ahead of widespread tariffs. “I do think the bigger ticket categories on a year-over-year basis looked interesting and might reflect people trying to get ahead of tariffs,” says Joe Feldman, senior managing director, assistant director of...
When Walmart holds its 55th annual meeting at Bud Walton Arena in Fayetteville, Ark., in early June, the spotlight will be on some familiar topics. CEO Doug McMillon’s keynote address will likely cover the company’s financials and stock price — up more than 130% over the past five years —...
Dana Telsey, Chief Research Officer & CEO at Telsey Advisory Group, joins CNBC’s “Closing Bell Overtime” to discuss the impact of tariffs on retail stocks. To view the video, please click on the following link:
As shares plummeted after the president’s trade announcement Wednesday, CEO Gary Friedman let loose an expletive during an earnings call. It was helpful for the company to provide additional color regarding demand metrics, which it had left open to interpretation following the earnings call, according to Telsey Advisory Group analysts...
Footwear stocks are plummeting on Thursday as reciprocal tariffs hit key names within the sector like Nike (NKE). "What President Trump presented ... was a little bit more aggressive than what I think many people were hoping," Telsey Advisory Group's Joe Feldman told Yahoo Finance. Many retail companies "thought they...
Dana Telsey, Chief Research Officer & CEO at Telsey Advisory Group, joins CNBC’s “Closing Bell Overtime” to talk Lululemon earnings. To view the video, please click on the following link:
America's department stores are trying to stay relevant in a new era of consumer behavior. Kohl's now plans to invest in an assortment of categories like fine jewelry, petite apparel, and intimates, Telsey Advisory Group CEO Dana Telsey said. It's also trying to build "momentum across key growth areas" like...
Retailers have been cautioning that the consumer environment isn't improving as inflation and tariffs remain top of mind for deal-seeking shoppers. "Walmart has tremendous purchasing power and the ability to negotiate," Telsey Advisory Group's Joe Feldman told Yahoo Finance, noting its efforts to maintain low consumer prices. To view the...
Dana Telsey, Chief Research Officer & CEO at Telsey Advisory Group, joins CNBC’s “The Exchange” to discuss the current state of retail, where investors should go in retail, and much more. To view the video, please click on the following link:
A new wave of consumer activism is sweeping the nation, with protests and boycotts targeting companies in a fraught political environment. Is Wall Street bracing for the impact, if any? Joe Feldman, senior managing director and assistant director of research with Telsey Advisory Group, told Yahoo Finance that “the impact...
Target is facing a 40-day consumer boycott starting Wednesday over the company’s shift away from diversity, equity and inclusion (DEI) policies. The data “shows a clear drop in traffic in late January into mid-February following the company’s step back from DEI,” Joseph Feldman, an analyst at Telsey Advisory Group, said...
Two of America’s largest retailers, Target and Best Buy, warned Tuesday that prices will increase following President Donald Trump’s tariffs on imported goods from Mexico, Canada and China. Target’s CEO said the price increases could happen a lot sooner than you think. The data “shows a clear drop in traffic...
Best Buy (BBY) is turning around a three-year decline in sales growth — but it's not enough to keep investors anxious about tariffs on consumer electronics satisfied. Shares plummeted 13% on Tuesday as investors digested the "uncertainty of tariffs" and their potential impact, Telsey Advisory Group Joe Feldman told Yahoo...
Egg shortages have caused a frenzy among American shoppers this year as the bird flu epidemic takes a toll on US egg production. But premium egg producer Vital Farms (VITL) expects some improvement later this year. "Near-term demand trends are strong and the long-term runway is solid, given continued market...
After several years of sales and margin declines, Bath & Body Works’ (BBWI) sales in the second half of 2024 inflected positively, and FY25 revenue guidance points to growth, Citigroup analyst Paul Lejuez says, all of which suggest a higher multiple will follow. The soft guidance “appears prudently conservative,” says...
In early February, John Schwarz, a self-described “mindfulness and meditation facilitator,” proposed a 24-hour nationwide “economic blackout” of major chains on the last day of the month. The data “shows a clear drop in traffic in late January into mid-February following the company’s step back from DEI,” Joseph Feldman, an...
As Lowe’s and Home Depot focus on growing the ranks of professional customers as a strategy to boost the bottom line, both retailers ended Q4 on a mostly positive note, a sign the home improvement sector may be rebounding. Both Lowe’s and Home Depot “have solid strategies to drive their...
Lowe's (LOW) seems to be slowly building momentum to kick-start 2025. The home improvement retailer beat Wall Street's estimates for the fourth quarter. On Wednesday before the market open, Lowe's reported Q4 revenue of $18.6 billion, higher than the $18.3 billion the Street expected, and adjusted earnings per share of...
The housing market has struggled, and Home Depot (HD) shared that sentiment in its latest earnings. Eric Clark notes the company's execution story builds the foundation for future growth despite headwinds. Joseph Feldman believes more demand in high-price orders will rejuvenate the stock. Both later measure Home Depot's standing against...
Walmart's (WMT) CFO is looking to assuage fear among investors that 2025 won't be as strong as in recent years. Joe Feldman of Telsey Advisory Group told Yahoo Finance that "expectations were running high into Walmart's earnings report, so despite strong fourth quarter results, they may have fallen short, and...
Nike just made it crystal clear it aims to be a player in the premium women’s activewear space. And its new effort probably won’t be cheap. Yes, Nike has a sizable women’s business, coming in at $8.5 billion in sales for fiscal full-year 2024. But the portion of Nike’s overall...
On Friday, Telsey Advisory Group adjusted its outlook on Coursera Inc (NYSE:COUR), reducing the 12-month price target to $12.00 from $15.00, while retaining an Outperform rating on the shares. The firm's decision follows a period of slower growth for the online learning platform, which has not met prior expectations. Sarang...
Retail CEOs are better equipped to deal with tariffs this time around as Trump retakes the Oval Office. According to Telsey Advisory Group senior managing director Joe Feldman, if the proposed tariffs take effect, every retailer will have to raise prices, likely within three to six months. To view the...
Target (TGT) raised its holiday-quarter comparable sales forecast on Thursday, buoyed by robust shopper demand for clothing, toys and beauty products during November and December, but profit margin concerns sent its shares down nearly 3%. "It was a better-than-expected report and it gives us some optimism as you head into...
Dana Telsey, Chief Research Officer & CEO at Telsey Advisory Group, discusses her bullish outlook on retail sales, citing strong holiday sales from companies like Lululemon and Abercrombie & Fitch. She notes that tariffs remain a headwind, but companies are diversifying away from China more aggressively. To view the video,...
Albertsons (ACI) executives focused on moving on from its scuttled merger with Kroger on Wednesday, as the supermarket chain raised its profit forecast and its CEO talked up investments meant to weather competition from bigger retailers. "A lot of the big box retailers have media businesses and they're leveraging the...
Dana Telsey, CEO at Telsey Advisory Group, joined Bloomberg Talks podcast to discuss 2025’s retail outlook with hosts Romaine Bostick and Scarlet Fu. To listen, please click on the following link:
Dana Telsey, Chief Research Officer and CEO at Telsey Advisory Group, discusses the stronger-than-expected holiday season, with Visa and Mastercard reporting year-over-year increases. Despite this, retail stocks like XRT are down. Telsey highlights companies that have transformed, such as Gap and Victoria’s Secret, and emphasizes the importance of service, supply...
Dana Telsey, CEO at Telsey Advisory Group, joined CNBC’s “Money Movers” to discuss her top picks in the retail sector. To view the video, please click on the following link:
Dana Telsey, CEO at Telsey Advisory Group, joined CNBC’s “The Exchange” to discuss holiday shopping, impact of tariffs on retailers and how investors should position in the sector. To view the video, please click on the following link:
Christina Fernandez covers Telsey Advisory’s Nike (NKE) downgrade after earnings, citing the guidance and shrinking revenue. She notes the “big discounts” Nike is forced to make to move inventory as another negative factor. Shoes are their biggest problem, she says, with their classic franchises slowing. She calls on Nike to...
Dollar Tree Inc. said Thursday that its board of directors appointed Michael Creedon as the company’s new CEO following an internal and external candidate search. Telsey Advisory Group analysts said in a note earlier this month that uncertainty looms over the outcome of Family Dollar’s strategic review, as whatever decision...
Nike (NKE) is taking a step in the right direction under new CEO Elliott Hill. The footwear brand posted its fiscal second quarter earnings on Thursday after market close. Its revenue of $12.35 billion bested expectations of $12.13 billion, though it's still a drop compared to the $13.39 billion from...
Dana Telsey, CEO at Telsey Advisory Group, joined CNBC’s “Squawk Box” to discuss the state of the retail industry this shopping season. To view the video, please click on the following link:
Telsey Advisory Group LLC announces U.S. Equity Research alliance with Santander. To view the full article, please click on the following link:
Macy’s Inc. reported third-quarter financial results on Wednesday. Analysts are largely encouraged by the company’s progress but remain cautious due to margin pressures. “M slightly raised its sales outlook for the year while reducing expectations for gross margin and leaving its SG&A outlook largely intact, reflecting continued macro challenges, including...
Albertsons (ACI) and Kroger (KR) terminated their $25 billion merger plan on Wednesday after courts blocked the deal, with the former suing its rival and alleging a breach of contract that led to the deal's demise. "We are disappointed by the Court's decision, but not surprised, given the narrow view...
Dana Telsey, CEO at Telsey Advisory Group, joined Bloomberg Surveillance to discuss Macy’s. To view the video, please click on the following link:
It's been a tough year for Dollar General (DG) and Dollar Tree (DLTR) as consumers pinch pennies and uncertainty looms in the road ahead. Joe Feldman of Telsey Advisory Group said Dollar Tree "continues to make progress on several company-specific initiatives" like offering multiple price points and Family Dollar remodels,...
Kroger (KR) topped quarterly same-store sales expectations on Thursday, benefiting from a surge in customers shopping for its lower priced and freshly sourced groceries at its stores and online. "They're both (Walmart and Kroger) attacking online. They both want to be there for the consumer wherever the consumer wants to...
Shares of Foot Locker (FL) are falling on Wednesday as slowing consumer demand and an elevated promotional environment weigh on sales and gross margin expansion. Wealth's Brad Smith speaks to Cristina Fernandez, managing director and senior research analyst at the Telsey Advisory Group, about her key takeaways from these results....
Dollar Tree’s Chief Financial Officer Jeff Davis plans to leave the company when it files its fiscal year 2024 10-K, likely in March, the retailer said Wednesday. The company has initiated an external search for a successor. Dollar Tree is also looking for a new chief executive after former CEO...
Even as the eruption of artificial intelligence and data center computing trends drives a historic market rally, the top U.S. grocer Walmart (WMT) and club membership leader Costco (COST) have outrun many of the top technology names. "We really like the discounters, the value retailers," said Joe Feldman, a retail...
Dana Telsey, CEO at Telsey Advisory Group, joined CNBC’s “Squawk on the Street” to discuss her thoughts on Aritzia, how the changer in weather impact retail companies, and which retail stocks are winning right now. To view the video, please click on the following link:
Dana Telsey of the Telsey Advisory Group says the going rate for discounts and major retailers is about 30%. She says some of the top performing retailers over the Black Friday weekend included Victoria's Secret, Walmart, and Hollister. She's on "Bloomberg Surveillance." To view the video, please click on the...
Dana Telsey, Telsey Advisory Group CEO, joins CNBC’s “Squawk Box” to discuss the retail forecast over the holiday shopping season, state of the consumer, potential impact on President-elect Trump’s tariff proposals on the retail industry, and more. To view the video, please click on the following link:
Telsey Advisory Group chief research officer Dana Telsey unpacks retail expectations for the holiday season on Fox Business “Barron's Roundtable.” To view the video, please click on the following link:
Abercrombie & Fitch lifted its annual sales forecast on Tuesday, betting on strong demand at its namesake label and its teen-focused Hollister brand during the crucial holiday shopping season. "(Abercrombie's) continued beat-and-raise trend is impressive given the choppy macro environment and discerning consumer," said analyst Dana Telsey of Telsey Advisory...
Bath & Body Works on Monday raised its forecast for full-year adjusted profit and projected a smaller drop in annual sales on strong demand for its candles and fragrances during the holiday season, sending the retailer's shares up about 22%. "Innovation in the offering is resonating with the consumer, with...
Dana Telsey of Telsey Advisory Group explains the potential implications of Trump’s proposed tariffs on consumer prices and margin challenges for retailers. To view the video, please click on the following link:
Dana Telsey, chief executive officer and chief research officer of Telsey Advisory Group, talks about Gap beating sales expectations for a fifth consecutive quarter. To view the video, please click on the following link:
After its biggest earnings miss in two years and stock plunge, Target laid some of the blame on the recent U.S. ports strike, citing higher freight costs it absorbed as a result of preemptive action to move more product into the U.S. ahead of October. But cargo container trade data...
Target forecast flat sales for the holiday shopping season. Telsey Advisory Group’s Joseph Feldman tells CNN’s Vanessa Yurkevich why the big box retailer appears to be losing market share to Walmart and whether it can turn things around. To view the video, please click on the following link:
Dana Telsey, Telsey Advisory Group CEO, joins ‘Closing Bell Overtime’ to talk Walmart earnings and what to expect from Target. To view the video, please click on the following link:
Walmart raised its outlook for the year as it sees strong demand from US consumers searching for value. Joe Feldman, assistant director of research at Telsey Advisory Group, examines the results on Bloomberg Surveillance. To view the full video, please click on the following link:
Lowe's (LOW) posted results that beat the Street's estimates, but investors are homing in on its ongoing negative sales growth. The home improvement retailer posted revenue of $20.17 billion, compared to estimates of $19.93 billion. Adjusted earnings per share came in at $2.89, versus the $2.82 expected. Positive catalysts in...
Walmart (WMT) on Tuesday raised its annual sales and profit forecast for the third consecutive time, as people bought more groceries and merchandise, a sign the world's largest retailer continues to gain market share ahead of the holidays. "I do think Walmart has been capturing a more affluent consumer. I...
In a suburban warehouse, giant buckets of pool sanitizer and boxed-up heaters and pumps line the shelves. This isn’t a Home Depot store, but these aisles — and the company behind them — will shape the home improvement retailer’s success over the next decade. Yet investors have expressed some optimism....
Analysts at Telsey Advisory Group (TAG) said Walmart (WMT) is their top stock pick for the upcoming holiday season, with the retail giant set to report earnings for its fiscal Q3 2024 on Nov. 19. “We also expect a continued solid contribution from the company’s higher engagement with upper-income households,”...
Home Depot expects a smaller decline in annual store sales following better-than-expected performance over the past three months, which was partly driven by hurricane recovery efforts. Joe Feldman, Telsey Advisory Group senior managing director, said in a Tuesday note that the "warmer and dryer weather" extended demand for summer categories...
While it’s too soon to say how last week’s election results might affect the economy for the rest of the year and beyond, the overall holiday season economic outlook still looks positive based on the latest economic indicators, Kleinhenz said. However, possible tariffs, which could be enacted as soon as...
Neither Vuori nor Alo Yoga has managed to topple market leader Lululemon from its perch, but both brands are climbing and have taken share. They must contend not just with Lululemon’s primacy, but also each other: More than half of Vuori’s customers also shop at Lululemon, while 12% also shop...
Dollar Tree CEO Rick Dreiling abruptly stepped down from his position at the helm of the beleaguered retail chain, citing health concerns as the reason for his resignation. Telsey Advisory Group analysts led by Joe Feldman said in a Tuesday note that the departure reduces their confidence in the company...
Many Costco regulars will tell you how much they love the warehouse chain’s famed $1.50 hot dog–and–soda combo, a special that’s been in place for nearly 40 years. They’ll also tell you they dread the day when the deal comes to an end. “We expect the company to keep this...
AIn the battle for America's shoppers, Walmart (WMT) is still dominating Target (TGT). "The Walmart thesis is they're really among the biggest and best retailers out there," Telsey Advisory Group's Joe Feldman told Yahoo Finance over the phone. The company is "well positioned when times are tough, they're well positioned...
Capri shares slumped nearly 46% on Friday after a U.S. judge blocked its pending $8.5 billion merger with Coach parent Tapestry, hurting the Michael Kors owner's chances of navigating challenges at the luxury brand. Should the deal fall through, "Capri could potentially seek another suitor", said Dana Telsey of Telsey...
Deckers Outdoor (DECK) shares jumped about 11% on Friday after the shoemaker raised its annual sales forecast betting on strong demand for its shoes and boots during the crucial holiday season. "Deckers continues to deliver strong results in an uncertain macro operating environment, speaking to its strong market position with...
As the East and Gulf Coast ports remain closed for the first time in five decades, retailers are bracing for the potential impact. "It's Walmart, Target, Amazon ... Costco, all the big box guys that are multi-product retailers. That's who's going to have an impact," Telsey Advisory Group's Joe Feldman...
Wall Street has high hopes for Levi Strauss & Co. Levi’s, which posted third-quarter earnings results on Wednesday, back-pedaled on its full-year outlook, forecasting a 1 percent net revenue gain versus prior estimates of an increase between 1 percent to 3 percent. Telsey Advisory Group’s chief investment officer Dana Telsey...
Levi Strauss’s shares slumped about 11% in premarket trading on Thursday after it forecast tepid holiday quarter revenue as the denim maker grapples with weak demand from retailers with consumers paring back spending. "While challenges remain near-term, we remain encouraged by continued strength in Levi's business as well as the...
Dana Telsey, CEO at Telsey Advisory Group, joins CNBC’s “Fast Money” to discuss the impact of a looming port strike of retailers and consumers. To view the video, please click on the following link:
Joe Feldman, Senior managing director at Telsey Advisory Group joins CNBC’s "Closing Bell Overtime” to discuss Costco earnings. To view the video, please click on the following link:
Wall Street doesn’t expect a port strike at the East and Gulf Coasts to be long-lasting if it were to happen. Telsey Advisory Group’s chief investment officer Dana Telsey said that when the ILA went on strike in 1977 for seven weeks, that results in $4 billion worth of cargo...
Don’t write off the holiday selling season just yet. The U.S. consumer is more discerning, but a confluence of retail factors—normalization of inventory levels, higher out-the-door prices along with fewer promotions, and a good Back-to-School (BTS) selling season—set the stage for a decent, albeit promotional, holiday selling period. According to...
Joe Feldman, Telsey Advisory Group senior managing director, joins CNBC’s “Power Lunch” to discuss food inflation, how larger retailers are pushing back, and more. To view the video, please click on the following link:
In its latest bid to be seen as an affordable fashion destination, Walmart is hitting the road to prove that it has more to offer beyond household essentials and grocery staples. “Fashion basics — they’re not trying to get too far afield, but be on trend,” said Joe Feldman, senior...
Kroger (KR) raised the lower end of its annual sales forecast after topping quarterly results on Thursday, as its efforts to offer freshly sourced groceries at lower prices helped draw customers looking to stretch their dollars. "Regardless of where the consumer fits in the income spectrum, they are trying to......
Amazon, taking a page from Target and Walmart, has launched a private-label food brand as households remain constrained by the high cost of goods. The move by Amazon demonstrates how it is trying to "help its customers stretch their dollars while striving to capture more market share," according to Joe...
Dana Telsey, CEO of Telsey Advisory Group discusses the cautious behavior of U.S. consumers based on recent earnings reports from retailers. She highlights a mixed retail sector, with some companies like Nordstrom and Walmart performing well, while others like Ulta and Dollar General struggle. To view the video, please click...
Dollar General Corporation (DG) inched a little higher in early trading on Friday after a crushing 32.2% drop on Thursday that took shares below the $100 level for the first time since 2018 and was the largest single-day decline in its trading history. Telsey Advisory Group lowered Dollar General (DG)...
Recent retail earnings reports have painted a mixed picture of consumer health. Telsey Advisory Group CEO and chief research officer Dana Telsey joins Morning Brief to share her insights on the retail landscape. Telsey notes that the current retail environment is revealing "more discerning, intentional consumer spending" across all income...
Dana Telsey, Telsey Advisory Group CEO, joins BNN Bloomberg to discuss the outlook for retail sector stocks. To view the full video, please click on the following link:
Walmart — the largest private employer in the U.S. — is boosting its e-commerce strategy with a set of initiatives designed to expand its product portfolio in the face of online competition with Amazon. Telsey Advisory Group Senior Managing Director Joe Feldman said that Walmart is working to create "a...
Best Buy (BBY) posted better-than-expected results after a series of disappointing quarters. "Innovation, particularly around artificial intelligence (AI) — such as with the new Microsoft Copilot laptop — is starting to gain traction, and the trend is expected to strengthen as more new technology products hit the market around the...
Dana Telsey, Telsey Advisory Group CEO, joins CNBC "Closing Bell Overtime" to talk retail earnings including Nordstrom’s Q2 beat which drove the stock up. To view the video, please click on the following link:
Target (TGT) raised its full-year profit forecast on Wednesday and reported its first increase in quarterly comparable sales in over a year, driven by price cuts that attracted more shoppers to its stores. "They are among the few retailers with Walmart and Costco... that have been getting positive traffic to...
US consumers, strained by years of higher prices and elevated interest rates, are changing their shopping patterns. Americans are buying more at discount chains like Target and Walmart while dialing back spending at Macy’s and Lowe’s. “Consumers are showing resiliency as they continue to search for value and focus on...
On July 24, Julia Sherman first emailed secondhand furniture company Kaiyo regarding a cash out for her latest sales. She is still “awaiting about $800 worth in payments from the sale of furniture from my late grandmother’s estate,” well outside of the seven-to-10 business day window the company promises. Cristina...
Lowe’s (LOW) cut its annual profit and sales forecasts on Tuesday, echoing bigger rival Home Depot's concerns of a slim chance of a recovery in home improvement demand this year. "Lowe's has been managing gross margin and controlling costs a little bit better than anticipated," said Telsey Advisory Group analyst...
Lowe's (LOW) and Target (TGT) each release earnings later this week. Joseph Feldman with Telsey Advisory Group talks about how pressure from Walmart's strong earnings affects the outlook for both companies. He also describes the Fed's tie to retail and how "interest rates will have something to say" for the...
Potential U.S. home buyers and sellers have kept a sharp eye on mortgage rates, which have contributed to the affordability crisis in the market. And while buyers and sellers are both waiting for rates to fall, Telsey Advisory Group Senior Managing Director Joe Feldman and Realtor.com senior economist Ralph McLaughlin...
Estee Lauder (EL) forecast annual profit and sales below estimates as the global beauty market struggles with slowing demand mainly in the China market and said CEO Fabrizio Freda was retiring after nearly 16 years at the helm. "It's not a surprise that Fabrizio is stepping down. It was a...
Telsey Advisory Group CEO Dana Telsey explains why Ulta Beauty got a vote of confidence from Warren Buffett’s Berkshire Hathaway and how Walmart continues to thrive even as US consumers show signs of losing steam. Dana speaks with Tom Keene and Paul Sweeney on Bloomberg Radio. To view the full...
Walmart, the largest retailer and private employer in the U.S., reported another strong quarter, surpassing Wall Street expectations as it enticed shoppers with more discounts on groceries. Joe Feldman, Telsey Advisory Group's senior managing director, wrote in a research note earlier this summer that the move to cut prices enticed...
Retailers are getting an early jump on the holiday season, with many already displaying Halloween merchandise in July. Joe Feldman, Telsey Advisory Group senior retail analyst joins Asking for a Trend to offer his insights into this development. Feldman suggests that this early rollout of seasonal goods may be a...
Home Depot (HD) reported another quarter of muted earnings as shoppers held off on major home improvement projects amid high interest rates and tighter wallets. Joe Feldman of Telsey Advisory Group said investors may have to wait a while to see the effect trickle down to Home Depot. If the...
FBig Lots may now close up to 315 stores under amended credit and loan terms, according to an 8-K filed Friday with the U.S. Securities and Exchange Commission. Previous terms with lenders allowed it to close up to 150 under performing stores. In June, the company said it planned to...
Kohl’s s thinking small to rev up its sales. The retailer is opening Babies R Us shops in its existing stores across the country starting this week, and plans to have 200 by the end of September. The shops will carry a variety of baby merchandise that the company has...
Adidas confirmed its full-year guidance and forecast-beating second quarter results on Wednesday, though it said revenue in North America fell due to remaining stock from former designer partner rapper Ye's Yeezy line. The rise in growth from the previous quarter in footwear and apparel as well as performance products indicates...
Five Below CEO Joel Anderson has resigned, effective immediately, and has also left the board of directors “to pursue other interests,” the teen-focused retailer announced on Tuesday. Anderson had served as CEO for nearly a decade. Telsey Advisory Group analysts, led by Joe Feldman, called the company’s recent performance “disappointing...
While Walmart is still seen as the price leader in the grocery industry, its rivals aren't far behind. Telsey Advisory Group Senior Managing Director Joe Feldman told FOX Business that Kroger and Target, which usually trade off in the number two spot, have slightly "narrowed the gap with Walmart" and...
Since going public in 2012, discount retailer Five Below has grown its nationwide store count from less than 250 locations to more than 1,600. "You're paying a premium to get the growth that they're providing you," said Joe Feldman, senior managing director of Telsey Advisory Group. "But that premium, when...
Filling up the tank could cost less this summer, and that would likely be a positive for consumer spending. One other spending concern to keep in mind might be how consumers handle their debt loads. Dana Telsey, chief investment officer at The Telsey Group, noted that consumer credit has deteriorate...
Investors are scouring U.S. credit card spending patterns to size up which, if any, trends could give specialty retailers a boost in the summer months. "Outdoor grills, patio sets ...televisions, couches, beds, it's all been a bit challenging as of late," Telsey Advisory Group analyst Joseph Feldman said. "There was...
Big Lots’ first-quarter net sales fell 10.2% to $1 billion, down from $1.1 billion last year, the retailer said Thursday. The company also posted a net loss of $205 million, relatively flat from the prior year, though CEO Bruce Thorn said Big Lots’ net liquidity grew to $289 million, up...
Dollar Tree said on Wednesday it was exploring options, including a potential sale or spinoff of its Family Dollar banner, as it looks to restructure business amid still-high inflation that continues to strain consumer spending. This comes as a surprise considering the great efforts the company made in purchasing Family...
Dana Telsey, Telsey Advisory Group CEO, joins CNBC’s “Closing Bell Overtime” discussing Lululemon Athletica, Inc. earnings. To view the video, please click on the following link:
The no-frills retailer Costco Wholesale has emerged as one of the big winners of the US inflation wave, drawing in millions of consumers willing to pay at least $60 a year to gain access to member-only warehouses stocked with bargain-priced produce, paper towels, appliances and $5 rotisserie chickens. Customers’ $60...
Dollar General CEO Todd Vasos said Thursday that the company plans to remove self-checkout from “the vast majority of stores” as part of larger overall shrink reduction efforts that include changes in supply chain and merchandising. Dollar General has already removed self-checkouts from 12,000 of its more than 20,000 stores,...
Dana Telsey, Telsey Advisory Group CEO, appeared last week on CNBC’s “Squawk Box” to break down retail earnings, who the winners and losers are, and more. To view the video, please click on the following link:
For more than two years, Best Buy sales have dragged as the company waited for the next big thing in technology. In a preview of Thursday's earnings outlook, Telsey Advisory Group analyst Joe Feldman said Best Buy has shown signs of stabilization as consumers have begun to replace electronics they...
Best Buy (BBY) continues to struggle with sluggish sales, as consumer demand fizzles after a spike during the pandemic. Joe Feldman of Telsey Advisory Group wrote in a client note that the laptop segment "has already seen a positive comp (comparable sales) due to the replacement cycle," adding that he...
Numerous retail executives have continually reiterated how tough economic conditions continue to strain consumer budgets, leading to dampened discretionary spending and prompting companies to cut prices just to drive in-store and online traffic. Telsey Advisory Group Senior Managing Director Joe Feldman told FOX Business its traffic stays "so consistent because...
Best Buy is set to post its tenth consecutive quarter of sales decline on Thursday when the U.S. electronics retailer reports quarterly results, as spending on big-ticket electronics remains pressured despite easing inflation. "I don't think there's any change in demand trends for electronics. I don't expect this to be...
Major retail behemoths from Walmart, Target, Aldi to Amazon Fresh, have been cutting prices in a bid to entice price-conscious consumers and drive sales. This cost-cutting trend has raised questions about what it means for the overall economy. Similarly, Telsey Advisory Group Senior Managing Director Joe Feldman told FOX Business...
After a full year of sales declines, it's clear American consumers are making Target prove its value as they continue to stretch their dollars and shop around in the face of higher interest rates and prices. "I think people go to Target for some other things and pick up groceries....
CEO Marvin Ellison said during a Tuesday earnings call that the weather, the housing market, and inflation - which continues to depress discretionary spending - remain perennial pressures on retail’s home improvement sector. Telsey Advisory Group analysts led by Joe Feldman echoed that sentiment in their own note Tuesday, saying...
Prices are dropping for thousands of items at Target and Walmart, as US retailers’ results indicate fatigue among some consumers after three years of high inflation. Joe Feldman, an analyst at Telsey Advisory Group, said Target was probably motivated to keep pace with Walmart. “What’s interesting is it’s likely to...
Lowe's (LOW) customers pulled back their spending again this quarter. On Tuesday morning, the home improvement retailer posted revenue of $21.36 billion, higher than the $21.13 billion Wall Street expected. Same-store sales fell 4.1%, a slight improvement from the 4.3% drop seen in Q1 of last year. In a note...
Under Armor on Thursday forecast a surprise drop in annual sales and projected profits below analyst estimates, as the sportswear maker laid out a plan to simplify its business and cut jobs in the face of weak U.S. demand. “The magnitude of the correction needed points to a previous strategy...
Walmart raised its full-year forecast and reported better-than-expected first-quarter results on Thursday, betting that easing inflation will drive stronger sales of groceries and non-essential merchandise like clothing and electronics, sending its shares to a record high. Telsey Advisory analyst Joseph Feldman said Walmart's strong results could bode poorly for the...
Joe Feldman discusses Home Depot (HD) and Walmart’s (WMT) earnings with Oliver Renick of Morning Trade Live on the Schwab Network. To view the video, please click on the following link:
Telsey Advisory Group CEO Dana Telsey breaks down the April retail sales print and looks ahead to the release of Walmart's quarterly earnings report. Dana speaks with Tom Keene and Paul Sweeney on Bloomberg Radio. To view the video, please click on the following link:
Home Depot (HD) earnings show shoppers are putting their HGTV dreams on hold. It was another quarter of subdued results, as consumers sought out fewer do-it-yourself projects compared to during the pandemic. CEO Ted Decker said the quarter was "impacted by a delayed start to spring and continued softness in...
Joe Feldman, Telsey Advisory Group senior managing director, on the anatomy of the consumer in the retail sector. To view the video, please click on the following link:
Dana Telsey, CEO at Telsey Advisory Group, joins CNBC’s “Power Lunch” to discuss why she believes the consumer is ‘squishy,’ companies benefitting the most from trade-downs, and the future of the big department stores. To view the video, please click on the following link:
Dana Telsey, Telsey Advisory Group CEO, joins CNBC’s “Closing Bell Overtime” to discuss the state of the retail consumer following Nike and Lululemon earnings. To view the video, please click on the following link:
With Dollar Tree (DLTR) set to close 1,000 locations, shoppers will be on the hunt for a new budget destination. Dollar Tree itself could keep some of the customers. "There's going to be some amount of recapture ... (the closed stores) may be near another Family Dollar Store or near...
Dana Telsey, of Telsey Advisory Group, is bullish about consumer spending and companies like Bath & Body Works, TJX, and Abercrombie & Fitch. Online shopping became a national pastime during the Covid pandemic, and for a while it looked to be the nail in the coffin for in-person shopping. That...
Dollar Tree Inc. plans to close 600 of its Family Dollar stores during the first half of the year, the company said Wednesday. The retailer also intends to close an additional 370 Family Dollar stores and 30 Dollar Tree stores in the coming years as leases expire, CEO Rick Dreiling...
German sportswear giant Adidas opens new tab posted its first annual loss in more than 30 years on Wednesday and warned sales in North America would fall again as sportswear retailers in the U.S. struggle with high inventories. The Yeezy sales are "still a little bit of a wild card,"...
Costco (COST) once again bulked up its bottom line on the back of gold bars and warehouse-friendly prices on everyday essentials. Joe Feldman of Telsey Advisory Group told Yahoo Finance it only "makes sense it would take a pause" after the "stock has been on fire lately." He added, "The...
Costco's opens new tab shares closed down 7.6% on Friday for its worst day since May 2022 after the membership-only retail chain missed second-quarter revenue expectations and signaled a negative impact from lower gasoline prices. "The stock just had a very strong run into the earnings print, and so we...
Dana Telsey, chief executive officer & chief research officer at Telsey Advisory Group, says she's constructive on the retail sector and the consumer. She spoke on March 6 on "Bloomberg Brief." To view the video, please click on the following link:
As consumers become increasingly cost-conscious, discount retailers are experiencing a surge in demand. Telsey Advisory Group Senior Managing Director Joe Feldman joins Yahoo Finance Live to discuss his top picks among retailers that he believes will thrive as consumers prioritize value-conscious shopping. To view the video, please click on the...
Macy’s Inc. is shrinking, and so too is the level of U.S. household spending on goods. “Inflation has slowed but so has labor and wage growth. As such, we expect our consumer to remain under pressure,” Macy’s new CEO Tony Spring told investors in a conference call on fourth quarter...
Walmart Inc. topped fourth-quarter earnings estimates as the retailer says shoppers remain “choiceful.” Joe Feldman, senior research analyst at Telsey Advisory Group examines the results. To view the full article, please click on the following link:
Macy’s is getting a new, smaller, but more luxurious look designed to turn around the troubled retailer and keep the century-and-a-half old brand relevant to rapidly changing demands from shoppers. “We believe paring down the Macy’s store base to a more manageable (and profitable) size is prudent given the general...
Dana Telsey, Telsey Advisory Group CEO and chief research officer, joins CNBC’s “Squawk Box” to preview retail earnings this week, state of the consumer, and more. To view the video, please click on the following link:
Joe Feldman, senior managing director and assistant director of research for Telsey Advisory Group, joins BNN Bloomberg to discuss why he's bullish on WMT over other retailers. To view the video, please click on the following link:
Walmart Inc. topped fourth-quarter earnings estimates as the retailer says shoppers remain “choiceful.” Joe Feldman, senior research analyst at Telsey Advisory Group examines the results. To view the video, please click on the following link:
Investors are tuning into some retail dealmaking. Walmart (WMT) confirmed it will buy smart TV maker Vizio (VZIO) on Tuesday as it posted another strong quarter of sales growth amid a slight pullback by US consumers. Telsey Advisory Group senior managing director Joe Feldman said the consumer data "is quite...
Walmart, the global mega-retailer that began in Arkansas in 1962, is making huge moves in 2024. It’s making investments in technology and inventory that move it into new businesses and which will alter the Walmart experience of many customers. Americans have been suffering through some of the steepest price hikes...
Joe Feldman, senior research analyst at Telsey Advisory Group, joins CNBC's "Fast Money" to talk what is ahead for retail earnings. To view the video, please click on the following link:
Thanks to our friends at Telsey Advisory Group, a woman-owned banking and brokerage firm, for showing their love for Detroit recently! The NY-based firm has committed to work with different Habitat affiliates volunteering (6 volunteer days at 6 affiliates in the last 6 months!) and picked Detroit as a host...
Lowe’s on Tuesday reported fourth-quarter net sales fell about 17% to $18.6 billion from $22.4 billion a year earlier. The home improvement retailer’s prior year Q4 sales included about $1.4 billion from a 53rd week on the calendar and $958 million from the sale of the company’s Canadian retail business...
Resilient, optimistic consumers are opening their wallets again, leading retailers to boost their forecasts. "The holiday season seems like it came in pretty solid for a lot of retailers," Joe Feldman of Telsey Advisory Group told Yahoo Finance at the ICR conference. While consumers are still selective about their purchases,...
America's malls are fading, but many of the star brands that defined the shopping centers of the early aughts are experiencing a resurgence. Abercrombie, Coach, and J. Crew have all won over young customers, thanks to the nostalgia-driven trends of Gen Z. "When I think about 2024, the two markers...
Dana Telsey, CEO and Chief Research Officer at Telsey Advisory Group, joins CNBC’s “Squawk on the Street” to discuss the state of the consumer and retail. To view the video, please click on the following link:
Dana Telsey, CEO and Chief Research Officer at Telsey Advisory Group, joins CNBC’s “Closing Bell Overtime” to discuss Nike earnings, clothing trends, what’s ahead for retail companies and more. To view the video, please click on the following link:
RToday's Inside Out: Costco (COST), Target (TGT). "I'm not overly concerned if we see a little pullback" in Costco after its earnings, says Joseph Feldman, because he thinks earnings expectations could be a little too high. He says consistency is the most important thing for the company. Tom White brings...
RH’s (RH) 3Q earnings were recently released. Its adjusted EPS came in at -$0.43 versus an estimated $0.91 and revenue came in at $751.22M versus an estimated $752.55M. Telsey Advisory Group cut RH’s price target to $285 from $325. Cristina Fernandez discusses how RH will perform in the current economic...
Dana Telsey, CEO and Chief Research Officer at Telsey Advisory Group, joins ‘Squawk Box’ to discuss Macy’s $5.8 billion buyout offer from Arkhouse Management and Brigade Capital Management, what it means for the retailer, and more. To view the video, please click on the following link:
Foot Locker's (FL) steep discounts powered a solid start to the retailer's holiday season sales and prompted it to tighten its annual profit and sales expectations, sending its shares surging as much 22% on Wednesday. "The results were not as bad as feared... Investors on the Street were bracing themselves...
Dollar Tree (DLTR) trimmed its annual sales forecast on Wednesday after missing third-quarter estimates and said it was reviewing its Family Dollar business, as the retailer grapples with customers paring back on discretionary spending. "There's probably some more incremental pressure with the Family Dollar business," said Telsey Advisory Group's Joseph...
Several leading retail companies will report quarterly financial earnings this week, which comes shortly after the key Black Friday and Cyber Monday shopping holidays. Ulta's third-quarter results are up against difficult comparable sales, Telsey analyst Dana Telsey said. The analyst, who had an Outperform rating and $600 price target, said...
Shoppers are making a list — and checking it twice for the best possible deals. On Cyber Monday, consumers spent $12.4 billion online, up 9.6% compared to last year, per Adobe Analytics' data on e-commerce. As people looked to cash in last-minute deals between 10 p.m. and 11 p.m. ET,...
After two years of higher spending, consumers are battling challenges like rising interest rates, dwindling savings, the return of student loan payments, and credit card debt. "Call it choiceful, discerning, careful, cautious," Telsey Advisory Group CEO Dana Telsey told Yahoo Finance Live. "It's going to be a cautious (holiday) season."...
Telsey Advisory Group CEO Dana Telsey gives her take on the retail industry and consumer behavior on Fox Business “Barron’s Roundtable.” To view the video, please click on the following link:
Dana Telsey, Telsey Advisory Group CEO, joins CNBC's "Squawk on the Street" to discuss where the consumer is headed, the state of retail sales, and more. To view the video, please click on the following link:
Dana Telsey, CEO of the Telsey Advisory Group, joins CNBC's "The Exchange" to discuss the outlook for the holiday season, the top retail names to own, and more. To view the video, please click on the following link:
Abercrombie & Fitch (ANF) posted its third-quarter report, beating out not only Wall Street expectations but many investors' expectations. With the holiday shopping spree right around the corner and consumers continuously adapting to fit around inflation and economic headwinds, retailers are doing what they can to adjust accordingly. Telsey Advisory...
Spotlights, staged dinner tables, dressed mannequins — no, it's not your local theatre play — rather a revamped Walmart (WMT) store. Telsey Advisory Group Senior Managing Director Joe Feldman, who has an outperform rating on shares, called the renovations "really well done" over the phone to Yahoo Finance. Feldman said...
Retailers are preparing for what they hope will be yet another record-setting global shopping spree on Black Friday, the fourth Friday of November, which this year is Nov. 24. But Dana Telsey, CEO of Telsey Advisory Group, said Black Friday itself will not be as important this year. With Christmas...
Joe Feldman, senior managing director and assistant director of research at Telsey Advisory Group, joins BNN Bloomberg to discuss Home Depot's latest quarterly results. To view the video, please click on the following link:
Target's stock had its best day in more than four years, leading the S&P 500 index, after reporting better-than-expected profits for the fall months and a holiday plan that takes into account consumers' tightened spending. "While not great ... it was not worse than expected," said Joe Feldman, a senior...
As the holiday shopping season approaches, major U.S. retailers from Dollar General (DG) to Walmart (WMT) and Macy's (M) could be saddled with too much stock for a second straight year, according to a Reuters analysis, jeopardizing retailers’ profit margins and generating steep discounts for shoppers. Retailers need to use...
Jimmy Choo. Versace. Michael Kors. Kate Spade. These distinct designer brands all have something in common: a single parent company named Tapestry, Inc. That parent company has been getting bigger and bigger throughout 2023. Spirit Halloween operates a chain of temporary Halloween stores that are open for just a couple...
One of the hottest sneakers right now has holes in it. With a standout footwear design that has caught the attention of runners and office workers, On has successfully grown its business over the past few years to compete with giants in the athletics market. The brand’s balancing act between...
Shares of Dollar General (DG) jumped nearly 8% on Friday, as investors drew confidence from the return of former CEO Todd Vasos to the top job to help steer the retailer away from weakening traffic and margin pressure. "The move is a clear acknowledgment of rising investor concerns about the...
With Halloween just three weeks away, retailers are in the thick of restocking shelves with candy, costumes, decorations and the holiday’s biggest sellers. For many retailers, particularly holiday specialty retailers, Halloween marks an important start to the holiday selling season. Spirit Halloween operates a chain of temporary Halloween stores that...
Shoplifting is a fact of life for retailers. But a surge in violent and organized retail crime is triggering huge losses for Target (TGT), Kohl's (KSS), Nordstrom (JWN), Walmart (WMT) and other stores. And the problem is getting worse. "Shrink was a big headwind for a lot of the retailers...
Telsey Advisory Group analyst Joseph Feldman reiterated the Market Perform rating on Home Depot, Inc. (HD), lowering the price target to $330 from $335. Feldman lowered 3Q23 and annual estimates for Home Depot owing to higher interest, inflation, and other macro factors that have intensified and beyond anticipation since the...
Nike Inc. (NKE) reported upbeat first-quarter results. The results came amid an exciting earnings season.. Telsey: “Expectations were low going into Nike's 1QF24 print,” but Nike still missed revenue expectations, Fernández wrote in a note. The stock had already lost around 20% over the past three months. “The beat on...
Peloton agreed to a deal with Lululemon to tap its online workouts and team up on apparel. Telsey Advisory Group Founder and CEO Dana Telsey shares why she believes this is a vote of confidence in the quality of Peloton's content. She joins Caroline Hyde and Ed Ludlow on "Bloomberg...
The U.S. consumer may be slowing down, but Walmart is not. The retail giant is notching market share gains by leveraging its massive legacy brick-and-mortar footprint as well as embracing new revenue streams, according to recent research from analysts at various firms. In the process, Walmart is treading on territory...
Costco Wholesale (COST) topped market estimates for quarterly revenue and profit on Tuesday as consumers flocked to its stores for cheaper groceries and other necessities, helping offset feeble demand for big-ticket discretionary items. Telsey Advisory Group analyst Joe Feldman said the stock weakness could also stem from profit-taking by investors....
Discount retailer Dollar General (DG) is seeing its shares dive this morning as the chain cuts its full-year forecast and warns on the lasting impact of inventory shrink, or retail theft. Telsey Advisory Group Analyst Joe Feldman joins Yahoo Finance Live to discuss the consumer environment for Dollar General and...
Joe Feldman, senior managing director and assistant director of Research at Telsey Advisory Group, joins BNN Bloomberg and discusses the retailer's latest quarter and outlook for 2024. To view the video, please click on the following link:
Best Buy (BBY) on Tuesday cut the top end of its annual revenue forecast after beating quarterly sales and profit estimates as bigger discounts encouraged bargain-hunting Americans to shop for appliances and laptops at its stores. Best Buy's guidance incorporated the discounting and "they did a little bit better than...
Two leading discount retailers are set to report quarterly earnings this week, aiming to emulate a peer company that recently beat analysts’ estimates. Here’s a look at what investors should know ahead of second quarter financial results from Five Below Inc (FIVE) and Dollar General (DG). Selling “trend-right merchandise” and...
Dana Telsey, CEO at Telsey Advisory Group joins CNBC’s “Closing Bell Overtime” to talk retail earnings, the state of the consumer and Nike. To view the video, please click on the following link:
Latest results and forecasts from retailers ranging from Macy's (M) to Foot Locker (FL) are fresh signs that U.S. consumer spending is under stress heading into the second half of the year. "It is going to be a challenging back half," said Telsey Advisory Group analyst Cristina Fernandez, adding that...
Shares of Dick's Sporting Goods Inc. (DKS) tanked in early trading on Wednesday, after the company slashed its guidance. Analyst Joseph Feldman reiterated an Outperform rating, while slashing the price target from $160 to $140. “Dick's 10% cut to its 2023 guidance came as a surprise after the company reiterated...
Lowe’s on Tuesday reported net sales of $24.9 billion, down 9.1% year over year, and net earnings of $2.7 billion, a decrease of 10.6%. The retailer said that comparable sales fell 1.6% in Q2 but that Pro and online sales growth partially offset lower DIY discretionary demand. Analysts at Telsey...
Lowe's (LOW) said on Tuesday consumer sentiment was improving after it topped Wall Street estimates for quarterly profit and comparable sales, as sustained spending on smaller projects countered a broader lull in the home-improvement sector. "Lowe's has invested a lot in Pro-products, services and strategies to help attract the Pro-customer......
Dana Telsey, Telsey Advisory Group CEO, joins CNBC’s “Last Call” with host Brian Sullivan and guest Gerald Storch to discuss the theft problem in retail and how it impacts the bottom line. To view the video, please click on the following link:
Joe Feldman, senior managing director and assistant director of research at Telsey Advisory Group, appears on BNN Bloomberg to discuss Walmart's better than expected earnings and boost to its annual profit outlook. He says consumers are looking for value and discounted goods and turning to Walmart. To view the full...
Negative trends are largely priced into the stock, notes Joseph Feldman on Target (TGT). He and Scott Mushkin discuss TGT's and Walmart's (WMT) earnings. Telsey Advisory Group lowered TGT's price target to $162 from $165 and keeps its outperform rating. They talk about trends in consumer spending. To view the...
Joe Feldman, Telsey Advisory Group Senior Managing Director, joins Romaine Bostick and Katie Greifeld to discuss the big movers on the back of analyst recommendations on Bloomberg Markets: The Close. To view the video, please click on the following link:
Home Depot (HD.N) on Tuesday posted better-than-expected quarterly results, cemented by Americans' steady spending on small-scale projects around their homes even as they sharply cut back on larger remodeling and renovation. "Whether the bottoming in the housing market would translate to sales or not - that's where there is caution...
Target (TGT) is expected to post its first quarterly drop in revenue in about six years when it reports results on Wednesday, as the big-box retailer reels from a shift in consumer spending away from discretionary goods to services. "There were some of the more extreme, anti-pride people, who were...
Many Wall Street analysts and investors think the controversy surrounding Target's Pride collection could have turned some consumers off from the Minneapolis retailer, denting traffic and sales numbers. In a Friday note to investors, Joe Feldman, a research analyst at Telsey Advisory Group, said "We are lowering our 2Q23 estimates...
Dana Telsey, CEO of the Telsey Advisory Group, joins CNBC’s “Squawk on the Street” to discuss retail brands benefiting from the success of Taylor Swift shows and the Barbie movie, trends in the clothing retail space, and the risk profile of Tapestry heading into earnings. To view the video, please...
Over the past few years, Alicia Browne has noticed a change in what college students haul out of cars on move-in days at the University of Alabama. Cristina Fernandez, a retail analyst for Telsey Advisory Group, said she expects Target to be one of the big winners of Bed Bath’s...
Dana Telsey, chief executive officer and chief research officer at Telsey Advisory Group, shares what the combination of the luxury retail giants could mean for the industry. To view the video, please click on the following link:
Analysts at the Telsey Advisory Group downgraded Lowe’s and Home Depot stock on Tuesday amid a housing market weakened by falling home sales and mortgage increases. Analysts at Tesley subsequently demoted the two home improvement stocks from Outperform to Market Perform, while noting other key drivers for the decision included...
Amazon's strong quarterly results are one more sign that Americans are still shopping, despite months of ominous economic indicators, and could be a positive signal for Walmart and Target, who report next week. Amazon's performance following its Prime Day was a "good read for discount retailers," however, said Joseph Feldman,...
Amazon’s overhead costs of speedy delivery continued to grow in Q2, but CEO Andy Jassy said the company continues to find ways to lower costs to serve its fulfillment network while also delivering its fastest-ever delivery speeds for Prime customers. Amazon’s ecosystem, which is driven in part by an estimated...
Adidas sales should fall only slightly in 2023, a better outcome than previously expected, the sportswear giant said on Thursday, confirming strong demand for its remaining Yeezy shoes would help narrow a projected full-year loss. “For Adidas to sell the Yeezy stock well, without a lot of negative media or...
Tractor Supply Company on Thursday announced plans to expand its store footprint but lowered its guidance for the year. In Q2, net sales rose 7.2% year over year to $4.2 billion, driven by its acquisition of Orscheln Farm and Home, new store openings and 2.5% comp sales growth. Some analysts...
Amazon’s Prime Day is off to a strong start, lifting third-party sellers’ and other retailers’ online sales, early data shows. “In the midst of a slower consumer spending environment, we believe Amazon’s Prime Day 2023 created a spark of spending across retail,” Telsey Advisory Group analysts wrote in a note...
Retail inventories have receded from their 2022 peaks, but managing them is still a tricky set of tasks this year as demand remains volatile. All of this is an effort to sell fewer things at better prices and avoid last year’s torrent of margin-dampening discounts. As Telsey Advisory Group analyst...
Telsey Advisory Group analyst Joseph Feldman reiterated an Outperform rating on the shares of Dollar Tree Inc (DLTR) with a price target of $162. The analyst said that Dollar Tree's investor conference provided greater clarity on the path to getting to the next level, driving sales and profit growth, and...
Supermarket chain Kroger (KR.N) in a cautious move on Thursday reaffirmed its annual forecasts after it beat Wall Street estimates for first-quarter profit and same-store sales on steady demand for essentials and easing supply chain costs. "Investors wanted to see a forecast raise," said Telsey Advisory Group analyst Joseph Feldman,...
On Monday, fabrics retailer Joann revealed that net sales for its first fiscal quarter of 2024 dipped 4% year-over-year to reach $478.1 million. Joann posted a net loss of $54.2 million, compared to a net loss of $35.1 million a year ago. Nearly 12% of its quarterly revenue came from...
Five Below’s first quarter net sales rose 13.5% to $726.2 million from $639.6 million a year ago. Comp sales also rose 2.7% year over year, according to a company press release. Net income for the tween and teen-focused retailer increased to $37.5 million versus $32.7 million a year ago. “In...
Apparel company Lululemon Athletica Inc LULU reported first quarter financial results that beat Street consensus estimates for both revenue and earnings per share. Analysts are upgrading their price targets after the quarterly results. The outlook for the full year was raised by Telsey after the company updated its guidance. “Despite...
Dana Telsey, CEO of Telsey Advisory Group, discusses the retail sector’s performance this earnings season. To view the video, please click on the following link:
Dollar General says same-store sales increased 1.6% in Q1 compared to a year ago, driven by an increase in average ticket amount but partially offset by a decrease in customer traffic. Same-store sales in Q1 included growth in consumables but was offset by declines in the seasonal, home and apparel...
This year's going to be challenging for electronics retail, says Joseph Feldman. Joseph, Oliver and Tom White go Inside Out on Best Buy (BBY), Dollar Tree (DLTR) and Costco (COST) earnings and what's next for the retail sector. Joseph is bullish on Costco for the long-term. He likes that Dollar...
Dana Telsey, Telsey Advisory Group CEO, joins CNBC’s “Closing Bell Overtime” to discuss the state of retail and luxury consumer trends that may not be telling the full story. To view the video, please click on the following link:
Dollar Tree Inc (DLTR.O) on Thursday trimmed its full-year profit forecast after missing quarterly profit estimates, hurt by slowing demand for discretionary items and elevated cost pressures, sending shares of the retailer down more than 14%. "We are disappointed by another mixed earnings report and the fourth consecutive lowered guidance,"...
Lowe’s on Tuesday reported first-quarter net sales of $22.3 billion. Comp sales for the quarter fell 4.3% from last year due to lumber deflation, unfavorable weather and lower DIY discretionary sales. “Despite the near-term macro pressures, we believe Lowe’s remains focused on increasing its market share and improving sales productivity...
Shares of Foot Locker Inc (FL.N) plunged 26% on Friday, after the footwear retailer cut its annual sales and profit forecasts reeling under a sharp drop in demand and a hit from heavy discounts aimed at clearing excess inventories. "We know trends have weakened, but just the magnitude of the...
Dana Telsey, Telsey Advisory Group CEO, joins CNBC's “Squawk on the Street” to discuss the current state of the consumer, if the last few days of retail results give any insight into the consumer and signs of a potential crack down in luxury goods. To view the video, please click...
Joe Feldman, senior managing director and assistant director of research at Telsey Advisory Group, discusses Walmart's strength in groceries and e-commerce. To view the video, please click on the following link:
Telsey Advisory Group CEO Dana Telsey and Tigress Financial Partners CIO Ivan Feinseth discuss whether inflation is finally forcing consumers to pull back on spending on Fox Business "The Claman Countdown." To view the video, please click on the following link:
Swiss shoemaker On Holding AG fell after posting earnings and sales growth that failed to satisfy investors after the company’s stock almost doubled this year. “I don’t think there is anything disappointing about the report,” said Cristina Fernandez, an analyst at Telsey Group. “The stock is up a lot this...
Covid destroyed business as usual for most industries, and shoe stocks were no exception. Leather shoes fit for the office? No need for them during the pandemic. Those deliveries from manufacturers due on the docks a month ago? Still on a ship somewhere or at the factory, if the product...
Dana Telsey, Telsey Advisory Group CEO, joins CNBC’s ‘The Exchange’ to discuss retail leasing and occupancy numbers rising in the suburbs, a lack of new shopping center development, and the outdoor open air centers driving traffic since Covid-19. To view the video, please click on the following link:
Best Buy said Thursday that it will double down on its membership program as consumers buy fewer discretionary items. Joe Feldman, a retail analyst for the Telsey Advisory Group, recently downgraded the company’s stock from outperform to market perform and cut the price target to $81. He said Best Buy...
The retail giant has been ditching its e-commerce acquisitions for years to refocus on its core. But it could also mean a fresh start for Eloquii and Bonobos. But Walmart’s steady divestment of its non-core retail businesses extends beyond e-commerce and DTC, according to Senior Managing Director Joe Feldman at...
Dana Telsey, Telsey Advisory Group CEO, joins ‘Squawk Box’ to discuss the state of the retail sector, and her outlook for the rest of 2023. To view the video, please click on the following link:
The retail giant expects that within three years, 55% of its fulfillment center volume will move through automated facilities, and a whopping 65% of its stores will be automated to some extent. Walmart on Tuesday had offered a tour of a fully automated facility in Brooksville, Florida, and Telsey Advisory...
Dana Telsey, chief executive officer at Telsey Advisory Group, joins BNN Bloomberg to discuss the broader retail sector. Telsey says that uncertain consumer demand have led to under-the-radar expectations, and also speaks on how Walmart is performing. To view the video, please click on the following link:
Former Bed Bath & Beyond CEO Mark Tritton sued the company on Friday, accusing the struggling retailer of cutting off bi-monthly payment of his $6.76 million severance agreement in January. Bed Bath & Beyond’s troubles have accelerated in the last year, Cristina Fernández, managing director and senior research analyst with...
Target is one of America’s largest and most popular retailers, with a loyal customer base that contributed to a nearly 3% rise in sales to $107.6 billion last year. But Target, like all retailers, constantly evaluates its store footprint. And that means some locations don’t stay open. “All good retailers...
Nike is expected to report a rise in third-quarter revenue and grow its market share through 2023, helped by major rival Adidas' split with designer and rapper Kanye West that caused the German company to lose about $600 million in quarterly sales. Telsey Advisory Group's Cristina Fernandez said that China...
Dana Telsey, CEO of Telsey Advisory Group, joins BNN Bloomberg to discuss Nordstrom winding down its Canadian operations and her top stock picks in retail. To view the video, please click on the following link:
Target's (TGT) traffic growth and unit share gains show strong retail fundamentals, says Emerson Delgado. He and Joseph Feldman discuss how TGT rallies after earnings, which were released today, February 28th. Emerson notes that TGT applied significant discipline to contain the inventory problem and match assortment to current demand trends....
Dollar Tree Inc (DLTR) forecast annual profit well below estimates on Wednesday, as the discount store operator battles higher wages and freight costs while consumers cut back on discretionary items. "The new management team is trying to reset the bar and tell the investment community they need to invest in...
Lowe's Cos Inc (LOW) forecast annual sales below market expectations on Wednesday and warned of a slight decline in the home improvement market this year due to rising prices and borrowing costs. "The new management team is trying to reset the bar and tell the investment community they need to...
With consumers still feeling pressed by inflation, Dollar Tree joined a growing chorus of retailers saying that recent spending on consumables outpaced discretionary purchases, and that trend is likely to continue for the near term. Analysts with Telsey Advisory Group, led by Joseph Feldman, said in a Friday note that...
Target achieved comparable sales growth in Q4 despite a challenging economic environment. CEO Brian Cornell said strength in food and beverage, beauty and household essentials offset softness in discretionary purchases. Target’s Q1 and 2023 guidance is below expectations, Telsey Advisory Group analysts led by Joseph Feldman said in a note....
Telsey Advisory Group downgraded Best Buy (NYSE: BBY) to a Market Perform rating (From Outperform) and cut the price target on the stock to $83.00 (From $88.00) ahead of the company’s 4Q earnings report. The electronics retailer is expected to report results on Thursday, March 2. Analyst, Joseph Feldman wrote...
Dana Telsey, CEO and chief research officer at Telsey Advisory Group, discusses expectations for the January retail sales data, and what investors should be listening for next week in the earnings calls for Walmart, TJX and Home Depot. To view the video, please click on the following link:
Costco (COST) continues to execute well in a tough operating environment, according to a Telsey analyst. Joseph Feldman discusses big box retail. He talks about how COST reported a better-than-expected January comp. of 5.6%. He also goes over other retail stocks to watch in 2023 which includes Bed Bath &...
Bed Bath & Beyond confirmed on Monday it plans to close all of its Harmon beauty product stores, along with 87 more of its flagship stores. The latest round of closures are in addition to plans announced last summer to close about 150 underperforming Bed Bath & Beyond locations. The...
Dollar Tree Inc said on Tuesday Executive Chairman Richard Dreiling will replace Chief Executive Officer Mike Witynski, nearly a year after agreeing to revamp its board in a settlement with activist investor Mantle Ridge. Telsey Advisory Group analyst Joseph Feldman said investors would like to see Dreiling have a more...
Telsey Advisory Group reiterated an Outperform rating on Amazon.com (NASDAQ:AMZN) but cut the price target on the e-commerce company to $125.00 (From $140.00) ahead of its 4Q22 earnings release scheduled for Thursday, February 2nd. Telsey reduced their 4Q22 and 2023 outlook on the company to reflect a more challenging consumer...
Retailer Party City has filed for Chapter 11 bankruptcy protection in a bid to restructure its heavy debt load and keep its doors open after supply chain woes, rising inflation and a consumer slowdown took a chunk out of sales. “They’re competing against Walmart, and Target and Amazon and the...
Telsey Advisory Group has an outperform rating on Costco (COST). Joseph Feldman discusses this as Telsey Advisory Group says that COST should remain a share gainer. It also has an outperform rating on Walmart (WMT). He also talks about potential consumer trends for 2023. To view the video, please click...
Shares of Costco Wholesale Corporation have lost more than 13% this month. The company, which is scheduled to report December sales after markets close on Jan. 5, could announce strong numbers, according to Telsey Advisory Group. The Costco Analyst: Joseph Feldman reiterated an Outperform rating on Costco with a $580...
Under Armour is looking to the hotel industry for its next leader. Linnartz has spent nearly 26 years at Marriott and also has experience at Hilton. “While Ms. Linnartz does not have prior public company CEO experience, she has a strong track record of leadership at one of the top...
Dana Telsey, Telsey Advisory Group CEO, joins ‘Closing Bell’ to discuss retail opportunities for investors. To view the video, please click on the following link:
Dana Telsey, CEO and Chief Research Officer at Telsey Advisory Group, joins CNBC’s ‘Squawk Box’ to discuss her top retail picks, including Lululemon, Costco, Ulta Beauty, and more. To view the video, please click on the following link:
In 2019, toy retailers were blessed with the holiday release of hit movies like “Frozen II” and “Star Wars: The Rise of Skywalker,” as well as a robust list of releases earlier on in the year. Included in the list of spring and summer blockbuster films from 2019 are: “The...
Love it or hate it, physical stores are “more relevant than ever before,” especially in dense suburban communities, said Dana Telsey, the CEO and chief research officer of Telsey Advisory Group at a Wednesday panel at the Innovating Commerce Serving Communities (ICSC) New York conference. “More companies are looking to...
Mary Dillon has made some swift changes since taking on the CEO role in early September. In her first earnings call as chief in November, she announced plans to simplify the footwear retailer, including through a wind down of some European ventures, while making investments in omnichannel and loyalty, among...
Dana Telsey, CEO and Chief Research Officer at Telsey Advisory Group, joins Worldwide Exchange to discuss Black Friday, Cyber Monday, and the holiday shopping season. To view the video, please click on the following link:
Spending on Cyber Monday, the biggest U.S. online shopping day, may hit a record $11.6 billion according to one preliminary estimate, as discounts on everything from pajamas to AirPods tempt shoppers to click "buy" despite the strain on household budgets from high inflation. "If you exclude inflation, which has been...
US retailers experienced what appears to be a muted Black Friday as high inflation and sagging consumer sentiment erode Americans’ demand for material goods. Success for retailers this holiday season will be determined by which companies can maintain their discounts and still come out profitable, said Dana Telsey, chief executive...
Remember when we couldn't get enough athleisure or pajamas? Now, the hottest question for clothing retailers is whether they've got an "inventory glut" — too many extra styles, sizes or colors that aren't selling that well. "No one wants to miss the holiday season, you really need that product," says...
Dana Telsey, Telsey Advisory Group CEO, and Matt Shay, National Retail Federation CEO, join CNBC’s ‘Squawk Box’ to discuss retail and what to expect for Black Friday. To view the video, please click on the following link:
Shoppers hoping to clinch lucrative deals on holiday gifts may get lucky during Black Friday sales this season. But those who wait may get even luckier. "What a world of difference," said Dana Telsey, chief executive of Telsey Advisory Group, a trading and consulting firm focused on the consumer sector....
Dana Telsey, Telsey Advisory Group CEO, and Matt Shay, National Retail Federation CEO, join CNBC’s ‘Squawk Box’ to discuss retail and what to expect for Black Friday. To view the video, please click on the following link:
Joe Feldman, senior managing director and assistant director of research at Telsey Advisory Group, joins BNN Bloomberg to discuss trends and expectations for sales on Black Friday and Cyber Monday. To view the video, please click on the following link:
Congratulations to Dana Telsey, Founder and CEO at Telsey Advisory Group who is being recognized for a second consecutive year on Crain’s New York Business 2022 list of “Notable Women on Wall Street”. Crain’s has identified 31 outstanding individuals for its Notable Women on Wall Street list. This year’s honorees...
Retailers such as Target Corp (TGT) and Kohls Corp (KSS) are slashing prices by as much as 50% on toys and other popular holiday gifts in early Black Friday deals aimed at increasingly frugal consumers - but the bargains aren't what they seem. A warning from Target that toy sales...
Dana Telsey, CEO and chief research officer at Telsey Advisory Group, joins CNBC’s ‘Closing Bell’ to discuss retail stocks. To view the video, please click on the following link:
Telsey Advisory Group analyst Dana Telsey reiterated a Market Perform rating on the shares of Macy's Inc. (M) with a price target of $25. The analyst said the Q3 earnings beat was driven by sales and gross margin upside relative to expectations. To view the full article, please click on...
Last year at this time, supply chain struggles were the theme of the season. Consumers purchased early — and at higher prices — as they worried about inventory scarcity. That led to higher margins and once-in-a-decade inventory turn rates at Kohl’s in Q3 last year. But now, with pressure from...
Telsey Advisory Group analyst Dana Telsey reiterated a Market Perform rating on the shares of Nordstrom Inc (JWN) with a price target of $25.00. The analyst forecasts Nordstrom's net revenues to decline 5.1% Y/Y to $3.45 billion versus the consensus of down 4.3% to $3.48 billion. To view the full...
On Target’s earnings call with analysts, the overriding theme was the state of the consumer, as it has been on Target’s previous calls, with many households struggling to manage rising interest rates and prices on essential goods. Analysts at Telsey Advisory Group noted the contrast between Target’s performance and that...
Home Depot Inc (HD) tapped higher prices to override a drop in customer transactions for the third quarter and left its annual forecasts unchanged, signaling a weak holiday season amid a housing market slowdown. "The cautious approach in this uncertain environment makes sense and could prove conservative," Telsey Advisory Group...
Investors look to home remodeling retailers Lowe's Companies Inc. (LOW) and Home Depot Inc. (HD) for information on the state of price inflation and demand in the home building and renovation industries. “Home Depot reported a — better-than-expected comp of 4.3%, reflecting inflation and solid home improvement demand, supported by...
Telsey Advisory Group analyst Dana Telsey reiterated a Market Perform rating on the shares of Capri Holdings Ltd (CPRI) and lowered the price target from $60 to $54. The company’s Q2 earnings topped estimates, led by topline growth and operating margin expansion across all three brands, said the analyst. Telsey...
The Halloween season, which historically has made up a sizable chunk of Party City’s sales and profits, could have been worse, yet it still came in at the low end of the company’s own expectations. Weston attributed this to “macro pressures [that] impacted customers’ ability and willingness to increase spend...
Peloton Interactive Inc (PTON) Thursday reported its quarterly results, missing earnings by a wide margin. Here's what the Street has to say. Analyst Dana Telsey reiterated a Market Perform rating while maintaining a $9 price target. “Peloton is making progress reducing costs, which drove a lower than expected EBITDA loss...
Peloton Inc's (PTON) efforts to get its operations back in shape should help it slow cash burn and post a smaller loss on Thursday, but the road to financial fitness could be rocky as it deals with a saturating market and a possible recession. "From a cost standpoint, the restructuring...
Ross Stores has opened another 40 locations — 28 under the Ross Dress for Less banner and another 12 under its DD’s Discounts banner. The retailer’s store footprint crossed the 2,000 mark this fall. The new locations include stores in California, Florida, Texas, Ohio and Illinois. This year, Ross has...
Telsey Advisory Group analyst Joseph Feldman reiterated an Outperform rating on the shares of Costco Wholesale Corp (COST) with a price target of $590.00. The analyst estimates total comparable sales for October to be 4.3% versus 17.5% last year. Feldman said the company’s October sales should benefit from high food...
Adidas AG (ADS.DE) terminated its partnership with rapper and fashion designer Ye on Tuesday after he made a series of antisemitic remarks, a move that knocked the musician off the Forbes list of the world's billionaires. Yeezy sneakers, which cost between $200 and $700, generate about 1.5 billion euros ($1.47...
The Children’s Place has had a bumpy path through the pandemic era. After a pivot to digital last decade, and benefiting from failed competitors such as Gymboree and Babies R Us, the children’s apparel retailer had to contend with the slump in apparel during early COVID-19 period, and the school...
Telsey Advisory Group analyst Dana Telsey reiterated a Market Perform rating on the shares of Nordstrom Inc. (JWN) with a price target of $25.00. The company announced that CFO Anne Bramman would be departing the company on December 2, 2022. The analyst said Bramman's departure comes as a bit of...
Kroger announced Friday that it plans to buy Albertsons in a nearly $25 billion deal that could change the US retail industry and impact how millions of customers buy their groceries. “A deal of this size that has a direct impact on consumers would face significant scrutiny from regulators and...
Amazon.com Inc (AMZN) fired up the holiday shopping season with its second major sales event of the year as rivals from Walmart to Best Buy joined in with discounts to woo customers grappling with inflation-squeezed Christmas budgets. "The middle- to upper-income consumer is likely to take more advantage of the...
Logistics experts are warning another strike set at the Port of Liverpool for Tuesday will only add to the existing delays in product delivery caused by the prior strikes at Felixstowe and Liverpool. “What we have seen over the last three years is supply chain changes can be expensive,” said...
Dana Telsey, CEO and chief research officer at Telsey Advisory Group, joins CNBC’s ‘The Exchange’ to discuss drops in metaverse real estate prices, how brands are investing in metaverse retail and the importance of interoperability when valuing digital goods. To view the video, please click on the following link:
Inventory was a challenge for Nike in the quarter as some apparel arrived late and other apparel arrived early. That is driving markdowns as the retailer tries to clear out the excess, and is hitting gross margin hard. Wedbush analyst Tom Nikic noted that Nike’s gross margin decline was double...
I guess I could just say it’s a disaster even if they hit the guidance…and they won’t, says Jan Rogers Kniffen. He and Christina Fernandez discuss Bed Bath & Beyond (BBBY). They preview BBBY’s earnings report which will be released tomorrow, September 28th, premarket. They talk about how inflation is...
Nike (NKE) will report its earnings for the fiscal first quarter of 2023 on Thursday after the market closes. For those still holding on to Nike stock, the results will show where the sports apparel giant stands after having lost 45% of its market value since November 2021. On Monday,...
Costco Wholesale Corp (COST) topped Wall Street estimates for quarterly results on Thursday, helped by strong demand for its fresh food, candies and fuel offerings despite rising inflation. Telsey Advisory Group analyst Joseph Feldman said that in the current environment, consumers are looking to save money – including the affluent...
Kroger (KR) is trading higher due to strong 2Q22 sales and earnings beat and raised 2022 outlook, says Telsey Advisory Group. Joe Feldman discusses the takeaways from KR's earnings which were released today, September 9th. He also talks about how Telsey Advisory Group has an outperform rating on KR with...
American Eagle Outfitters Inc. shares are under pressure Thursday as analysts slash price targets on the stock following the company's weak earnings results and forecast for continued margin pressures. Telsey Advisory Group trimmed its price target the least, cutting its 12-month forecast from $15 to $13. In a note to...
Shares of Bed Bath & Beyond Inc. which has grappled with slumping business and shaken up management in recent months, fell nearly 20% on Tuesday in the first full day of trading after the sudden death of its chief financial officer. "Bed Bath & Beyond is in a challenging financial...
Dana Telsey, CEO and Chief Research Officer at Telsey Advisory Group, joins Worldwide Exchange to discuss back-to-school shopping and retail trends ahead of the upcoming holiday season. To view the video, please click on the following link:
Bed Bath & Beyond Inc., short on cash and time, is trying to have its Best Buy moment. Best Buy is “the one poster child for a retail turnaround,” said Cristina Fernandez, a Telsey Advisory Group analyst. Among big-box stores that operate with tight profit margins, Best Buy was able...
Best Buy shoppers on tight budgets scoured sales and hunted for low prices, eroding the company's sales and profits this summer. "I think what you are seeing today is a little bit of relief from the investment community that things weren't worse," said Joe Feldman, a research analyst at Telsey...
Dollar Tree (DTLR) and Dollar General (DG) earnings recap Dollar General (DG) earnings were released yesterday; they beat earnings and raised guidance. Joseph Feldman and Kevin Green discuss DG, as well as Dollar Tree (DTLR) earnings. They talk about which is the better stock to own. They then go over...
Family Dollar's parent company said Thursday it plans to cut prices at the discount chain and spruce up its stores to boost sales. “We expect the business to improve as the year progresses, as consumers continue to increase reliance on Dollar General in this more challenging economic environment,” said analysts...
With consumers squeezed by high gas and food prices, dollar stores and discounters have an opportunity to win over customers across much of the income spectrum. Telsey Advisory Group analysts led by Joe Feldman said in an emailed note that Dollar General’s better-than-expected sales and profitability reflect “the impact of...
Telsey Advisory Group analyst Joseph Feldman reiterated an Outperform rating on the shares of Dollar General Corp with a price target of $280.00. The analyst noted that DG reported a Q2 earnings beat, driven by better-than-anticipated sales and profitability, reflecting the impact of inflation and consumers continuing to increase reliance...
Dana Telsey, CEO and chief research officer of Telsey Advisory Group, joins ‘Closing Bell’ to discuss her forecast for retail stocks, consumer spending predictions ahead of the holiday season, and the economic impacts of tourism. To view the video, please click on the following link:
Abercrombie & Fitch Co on Thursday cut its full-year sales and margin forecasts after reporting a surprise quarterly loss, underscoring increasing competition for consumer dollars amid surging inflation. "(Abercrombie's) second-quarter earnings disappointed on Hollister weakness, which is more exposed to a younger, less affluent customer base and international disruptions, Telsey...
Nordstrom, Inc. (JWN) Tuesday reported second-quarter earnings that were slightly better than the consensus estimate, but lowered its full-year forecast, warning of an inventory glut due to slowing demand. Analyst Dana Telsey maintained a Market Perform rating and reduced the price target from $28 to $25. Nordstrom’s quarterly earnings reflect...
Gap needs a new game plan — and fast. In April, the retailer announced the departure of the head of its Old Navy business, which was hit by marketing missteps and supply chain snarls after being a driver of company growth during the pandemic. Dana Telsey, chief executive officer at...
Former Ulta chief executive Mary Dillon will take the reins at Foot Locker, replacing Richard Johnson as president and CEO on Sept. 1, the sports footwear and apparel retailer said Friday. Dillon led the beauty retailer for eight years and previously held leadership positions at U.S. Cellular, McDonald’s and PepsiCo....
Kohl's Corporation (KSS) shares are down 4% on Friday after the company cut its guidance and said inflation is eating into its sales growth. Difficult Margin Outlook: Telsey Advisory Group analyst Dana Telsey said Kohl's need for promotional activity doesn't bode well for its margin outlook. "Promotional activity looks to...
Walmart, the Arkansas-based retail giant known more for value than flare, made a splash in Hollywood this week upon the announcement of a deal with streaming service Paramount+. The deal with Paramount+, therefore, comes down to competition with Amazon, Joe Feldman, a retail analyst for Telsey Advisory, told ABC News....
Telsey Advisory Group analyst Dana Telsey reiterated a Market Perform rating on Kohl's Corp (KSS) with a price target of $35.00. The analyst said the company reported a Q2 EPS of $1.11, mostly in-line with the estimate of $1.12. Telsey added that the 8.1% revenue decline matched the company's guidance...
Telsey Advisory Group analyst Dana Telsey reiterated an Outperform rating on Tapestry Inc. (TPR) with a price target of $46.00. Telsey said Tapestry drove strength across channels leading to solid gains in North America, Europe, and Japan, nearly offset by continued softness in Greater China due to COVID-related pressure. She...
Joe Feldman, Telsey Advisory Group Senior Managing Director and Assistant Director of Research, joined "Bloomberg Markets: Americas" with Sonali Basak and Guy Johnson on Wednesday morning following Target's upbeat note. Feldman believes retail sales will improve as gas prices come down. To view the video, please click on the following...
Walmart, Inc. (WMT) shares traded higher Wednesday after the discount retailer reported impressive second-quarter earnings growth and reiterated its full-year guidance. Telsey Advisory Group analyst Joseph Feldman said Walmart will remain a "leader and market share gainer" in the retail sector. "We also are encouraged to see Walmart expand its...
Telsey Advisory Group analyst Dana Telsey reiterated an Outperform rating on Estee Lauder Companies Inc (EL) with a price target of $377.00. Telsey opined that the Q4 decline seems to have entirely offset high-single-digit growth through the first three-quarters of the year, resulting in a flat annual result for the...
Telsey Advisory Group analyst Cristina Fernández reiterated the Market Perform rating on Foot Locker Inc with a price target of $31. The analyst said the company’s Q2 FY22 is likely to reflect sales and operating margin pressure due to lapping a strong increase last year driven by the reopening economy...
It was reported on Friday afternoon that Peloton (PTON) told employees it will slash 780 jobs, close some stores and increase prices on some equipment. Telsey Advisory Group analyst Dana Telsey: “We continue to believe it is early days in the formation of Peloton's new strategic direction, and it will...
Telsey Advisory Group analyst Cristina Fernández reiterated the Market Perform rating on Foot Locker Inc with a price target of $31. The analyst said the company’s Q2 FY22 is likely to reflect sales and operating margin pressure due to lapping a strong increase last year driven by the reopening economy...
Dana Telsey, CEO and chief research officer at Telsey Advisory Group, joins CNBC’s 'Squawk Box’ to break down what investors need to know ahead of a busy week of retail earnings. To view the video, please click on the following link:
Amazon.com, Inc. (AMZN) Friday announced plans to acquire iRobot Corporation (IRBT) in an all-cash deal valued at $1.7 billion. Analyst Joseph Feldman maintained an Outperform rating and a price target of $150 for Amazon. iRobot’s business “slowed significantly” in the latest quarter, with sales contracting by 30.2% and the company...
Under Armour Inc's (UAA.N) margins are set to face a squeeze as the sportswear maker increases discounts to shore up waning demand and clear a build-up of excess inventory. "The large cut to the FY23 EPS outlook is disappointing, but not surprising given similar actions by other consumer companies and...
Retailers have seen much of their late-pandemic rebound undone by changing consumer priorities, as households grapple with rising prices of essential items. That is undermining apparel sales especially, leaving many retailers with a glut of merchandise that is necessitating markdowns and in turn squeezing margins. Telsey Advisory Group analysts actually...
Walmart Inc. (WMT) reduced its guidance for the current quarter and full year, citing rising prices for food and fuel. Here are the reactions of six top analysts.. Analyst Joseph Feldman maintained an Outperform rating for the company, while lowering the price target from $160 to $145. Although the pressure...
Kimberley Gardiner joins the retailer as its former CMO retires. Meanwhile, the toy company signed a multi-year agreement with Elon Musk’s space firm. Healthcare “is one of the largest consumer spending buckets,” with opaque pricing and a level of fragmentation that make it ripe for disruption, according to Telsey Advisory...
Benzinga’s Money Mitch had the opportunity to catch up with Dana Telsey, CEO and chief research officer of Telsey Advisory Group, on Benzinga’s Stock Market Movers to discuss her thoughts on the retail sales report that was issued on Friday. A retail expert, in her 31-year career Telsey has tracked...
Fanatics will be absorbing Nike’s college fan apparel manufacturing in an exclusive deal, the company told Yahoo Finance on Wednesday. “Typically when companies change suppliers, it is because they can get: Either more innovative, higher quality product, greater efficiencies, or the same product at a lower price,” Telsey Managing Director...
Gap Inc. didn’t take long to replace Old Navy brand chief Nancy Green, who left unexpectedly in the spring after a series of supply chain and merchandising mishaps. But Monday’s announcement that former Walmart Canada CEO Horacio Barbeito will be arriving in a couple of weeks to take the reins...
Telsey Advisory Group analyst Dana Telsey reiterated its Outperform rating on Levi Strauss & Co LEVI with a price target of $30.00 (80% upside). The analyst noted LEVI reported another solid quarter, delivering better than expected results across the board despite persistent global macro headwinds. Telsey said the upside was...
Dana Telsey, Telsey Advisory Group CEO, joins CNBC's ‘Closing Bell’ to discuss LEVI and other retail stocks. To view the video, please click on the following link:
Telsey Advisory Group CEO and chief research officer Dana Telsey gives a supply chain outlook and provides the best retail stock picks during her appearance on Fox Business "Barron's Roundtable". To view the video, please click on the following link:
After reportedly mulling a spinoff of its off-price Rack business, Nordstrom is now pinning its growth ambitions on it, CEO Erik Nordstrom said during the Telsey Advisory Group fireside chat on Tuesday. In a client note Tuesday, Telsey analysts called Rack’s improvements essential, and agreed that a focus “for increasing...
Telsey Advisory Group analyst Cristina Fernández has lowered the price target on Nike Inc (NYSE: NKE) to $140 (32% upside) from $170 and kept Outperform rating on the shares. The analyst cited near-term risks, including the impact of strict COVID lockdowns in China, demand decline in wholesale channel, given lowered...
Telsey Advisory Group CEO and Chief Research Officer Dana Telsey sits down with Yahoo Finance Live to talk about retailer inventories, supply chain delays, the outlook on brick-and-mortar, and making the most of brands in retailers' portfolios. To view the video, please click on the following link:
Chico’s own efforts to improve, including the fit and quality of its garments, were gaining traction this year just as consumers pulled out their wallets to refresh their closets. That led to a first quarter performance that was a pleasant surprise to many analysts. The retailer “appears to be benefiting...
Target Corporation (TGT) announced several initiatives on Tuesday to right-size its inventory, including order cancellations and slashing prices. Management also lowered their guidance for the second-quarter operating margin rate to around 2%, from their earlier expectation of meeting the first-quarter’s 5.3%. Telsey Advisory Group On Target: Analyst Joseph Feldman reiterated...
Joe Feldman, Telsey Advisory Group senior retail analyst, discusses Target's reduced profit outlook with Guy Johnson and Alix Steel on "Bloomberg Markets." To view the video, please click on the following link:
Costco (COST) reported total comparable sales for May that easily topped the average analyst estimate. Telsey Advisory Group analyst Joseph Feldman is “impressed” by the May sales report. “We believe Costco is executing well in a tough operating environment. The company should remain a share gainer, with its solid sales...
A buildup of inventory across major retailers is cultivating a climate of markdowns, according to a new report. It started happening at a time when "consumers began curtailing spending and shifting away from discretionary categories," according to a research note from the Telsey Advisory Group. The good news is that...
Launched in 2015, Enjoy has built its business on trying to fill what it sees as a lack of service and personal touch in the e-commerce experience by bringing a mobile “store” to consumers’ homes. Analysts with Telsey Advisory Group led by Dana Telsey highlighted the lack of an announced...
Costco Wholesale Corporation (COST) shares closed higher by 1.24% on Friday after the retailer reported impressive sales growth but shrinking margins in a challenging macroeconomic climate. Telsey Advisory Group analyst Joseph Feldman said Costco is executing well in a difficult environment for retailers. "In FY23, Costco should continue to generate...
Some welcome news for shoppers getting squeezed by inflation: promotions on televisions, furniture, clothing, sporting goods and other big-ticket purchases are ramping up. “Companies chased as much merchandise as possible to support demand, which has now slowed,” Dana Telsey, CEO and chief research officer at Telsey Advisory Group, said in...
Shares of Gap Inc (GPS) intially dropped more than 5% on Friday after the company reported first-quarter earnings and cut its full-year profit guidance. Telsey Advisory Group analyst Dana Telsey said Gap has made tremendous progress in optimizing and streamlining its business in recent years, but the first-quarter numbers are...
Costco (COST) earnings report indicated $3.04 in EPS and $52.6B in revenue, beating estimates. Telsey Advisory Group maintains an outperform rating on the COST stock with a lowered price target. "Costco is benefitting from high member loyalty and good execution in a tough retail environment," says Joe Feldman. Telsey Advisory...
Telsey Advisory Group’s Dana Telsey joins ‘Closing Bell’ to discuss a strong day for retail stocks alongside the broader market. To view the video, please click on the following link:
We see Dick’s Sporting Goods (DKS) as a long-term share gainer, says Joseph Feldman. He and Lauren Hill recap DKS’s earnings which were released today, May 25th. They talk about how DKS’s 1Q revenue came in at $2.70B versus an estimated $2.62B. They also go over the two overarching themes...
Dick’s joins many others in the retail space in posting a quarter of declines, but the moderation in the company’s results comes after a record year in 2021 and sales are still well above 2019. Analysts with Telsey Advisory Group called the lower outlook “disappointing” as it indicates consumers are...
Foot Locker Inc. shares climbed after its forecast showed the retailer is overcoming Nike Inc.’s move to sell more shoes via its own channels. “The result does not change the company’s near-term challenge,” said Cristina Fernandez, an analyst at Telsey Advisory Group, in a note to clients. “Foot Locker is...
Bath & Body Works is the latest retailer to trim its profit forecast for the year as inflation pressures the industry on both sides of the business. Telsey Advisory Group analysts led by Dana Telsey said of the spending, “We view these investments as prudent given its strong leadership position...
Dana Telsey, CEO and chief research officer at Telsey Advisory Group, joins CNBC’s ‘Squawk Box’ to react to a handful of retail earnings reports. To view the video, please click on the following link:
Walmart Inc. is expected to show a steady rise in gross margins and revenue when it reports first-quarter results on Tuesday as price conscious shoppers, feeling the strain of persistent inflation, increase visits to the low-cost retailer. "What we found is pricing is still lowest at Walmart and they've done...
Three is a significant number for Dana Telsey: She was cash register No. 3 when she worked at her family’s bookstore in New York in her youth, and this is her third year on Barron’s list of the most influential women in finance. To view the full article, please click...
DSW is trying out a new store look and layout at a location opening this weekend in Houston, in an attempt to focus customers’ attention on key brands. “They have to create excitement, and a ‘wow’, to get people off the couch and into the store, that requires more creativity”...
Amazon Chief Financial Officer Brian Olsavsky on Thursday said the company now boasts “the widest selection ever” for Prime delivery, the swift, free shipping enjoyed by its paying members. Nevertheless, as consumers headed back to stores in the first months of the year, and with inflation taking a bite out...
Dana Telsey, CEO at Telsey Advisory Group joins CNBC ‘Closing Bell’ to discuss apparel retailers and earnings. To view the video, please click on the following link:
Leading retail industry analyst Dana Telsey, chief research officer at Telsey Advisory Group, says that the retail industry is poised to overcome high inflation, rising interest rates, supply-chain issues stretched by Russia's invasion of Ukraine and more thanks to culture and structural changes, the closing of struggling stores and lagging...
New York – Citi announced today that it exclusively enlisted women-owned firms as senior co-managers of a $2.25 billion bond issuance on behalf of Citigroup Inc. in celebration of Women’s History Month. “On behalf of Telsey Advisory Group, we are proud to be a part of Citi’s bond issuance in...
On, which went public in September last year, has big plans for the year ahead after an IPO that raised its brand awareness and brought in 690 million Swiss Francs (about $740 million at the time of publish) in proceeds. Those losses were mostly driven by stock compensation tied to...
After U.S. stocks staged a rebound last week in the wake of the Federal Reserve's much-anticipated monetary policy decision, investors this week will look ahead to a somewhat quieter slate of corporate earnings and economic data releases. "We expect the focus in 3QF22 to be on: 1) supply chain, including...
Dollar General's comparable sales fell 1.4% in the fourth quarter and 2.8% for fiscal 2021 as the discounter lapped a year of extreme growth amid the pandemic in 2020. "Like most retailers, Dollar General is facing pressures in the near-term from lapping the US government stimulus and elevated costs," Telsey...
Americans are getting dressed up again. But that doesn’t mean all apparel retailers are going to be beneficiaries of post-pandemic wardrobe refreshes. “While we expected [Freestyle] to expand the company’s addressable market and drive incremental revenue, it has proven difficult to roll out without adding friction to the onboarding of...
This International Women’s Day, WWD’s Fairchild Studio teamed up with Berns Communications Group to spotlight 25 women who represent inspirational leaders in business. These women have not only overcome challenges and faced the glass ceiling head-on but have fostered space within the fashion, apparel and retail industry for future women...
It’s tough to be a department store in the digital age. Once vaunted names like Lord and Taylor and Barneys have ended up in the graveyard, while others like JC Penney, Sears, and Neiman Marcus have gone bankrupt. “By utilizing data-science, Kohl’s can offer a more localized assortment that is...
When recounting earlier communications with Mantle Ridge late last year, Dollar Tree chided the investment firm for its lack of actionable operational suggestions. Telsey Advisory Group analysts led by Joe Feldman said in a research note earlier in March that discussions with Mantle Ridge "brought urgency to accelerate growth, improve...
Congratulations to Dana Telsey, Founder and CEO at Telsey Advisory Group and to all those included in Barron's 3rd Annual 2022 list of “100 Most Influential Women in U.S. Finance”. Barron's third annual list of the 100 Most Influential Women in U.S. Finance honors women who are helping to shape...
Macy’s on Tuesday reported fiscal fourth-quarter earnings and sales that outpaced analysts’ estimates and said that a strategic review has prompted the retailer to accelerate its turnaround plans. Telsey Advisory Group Chief Research Officer and CEO Dana Telsey said Macy’s operational improvements put the company in a position to capitalize...
Dana Telsey, CEO and Chief Research Officer at Telsey Advisory Group, and Bryan Eshelman, Managing Partner at AlixPartners, join Worldwide Exchange to discuss what they are watching in retail sales and upcoming retail earnings. To view the video, please click on the following link:
Peloton’s new CEO, Barry McCarthy, is telling remaining staff that he’s “here for the comeback story.” “He brings a wealth of experience in growing subscription businesses and should be able to execute on the restructuring plan, instill financial discipline and help scale the business,” said Telsey Advisory Group CEO Dana...
Joe Feldman, Telsey Advisory Group analyst, joins ‘Power Lunch’ to discuss his expectations for earnings and specifically, from Amazon’s cloud business. He also discusses what he sees from Amazon’s e-commerce business. To view the video, please click on the following link:
After about seven years with Menear at the helm, Home Depot has looked to its own team for its next leader. The timing of the appointment follows a pattern around Home Depot's previous CEOs' tenures, as pointed out by Telsey Advisory Group analyst Joseph Feldman. Before Menear, Frank Blake held...
Discounters have by and large missed the memo on brick-and-mortar retrenchment. Through years of bankruptcies, store closures, mall struggles and talk of a "retail apocalypse" sparked by e-commerce, off-pricers, dollar stores and others have steadily expanded their presence in the U.S. Aside from the recent surge in COVID-19, Telsey Advisory...
Retail executives presenting at the virtual ICR Conference this week paint a picture of how the Covid omicron variant is denting sales and leaving stores and distribution centers understaffed. “The first day of ICR 2022 was a bit of deja vu, with all of us hunkered down in front of...
Home construction and improvement stocks are poised to continue their gains in 2022, as the work-from-home trend continues, mortgage rates remain low, and property values appreciate. In 2021, many retailers streamlined their digital businesses with their bricks-and mortar stores. The home improvement sector is no different, Joseph Feldman, assistant director...
The consumer cyclical sector is a thing of fascination in times like these and the results companies have reported over the past 24 months lend plenty of narrative to that picture. So, let’s take a look at home furnishings, but not just any ole home furnishings. Let’s take a look...
Telsey Advisory Group analysts expect Costco Wholesale Corp's comparable sales for December 2021 to grow 13.7% versus 10.7% a year earlier. Analysts Joseph Feldman, Sarang Vora, and Cristina Fernandez said the average gas price rise of about 50% in December should boost the total comparable sales by approximately 490 basis...
Retailers are on a high. The question is, for how long? Reports over the last four days indicate retailers emerged from the 2021 holiday season with sales gains of between 8 and 10 percent, and healthy fourth-quarter profits based on extensive full-price selling and well-managed inventories. “Overall, the holiday season...
During last month’s Spending Breakdown, I noted that in October, consumers took the mantra “treat yo self” to heart to the tune of $32 billion. While it’s hard to say what one thing inspires the trend, it’s a safe bet from my end (and personal experience) that part of what’s...
Wayfair sees a chance to make a pivotal move. The furniture and home goods retailer plans to open three stores in Massachusetts next year. Chief Marketing Officer Bob Sherwin said low rents were a draw. But the need to have customers touch and feel its products and a desire to...
Dana Telsey, CEO of Telsey Advisory Group discusses holiday shopping amid omicron concerns, supply chain problems, the hottest items for shoppers this season and which retailers are a big hit among consumers during her appearance on Fox Business. To view the video, please click on the following link:
Dana Telsey, CEO of Telsey Advisory Group, joins ‘Power Lunch’ to discuss the retail risks as retail companies like Stitch Fix, Gap and Nordstrom are all down more than 20% in the last month. Telsey also looks at her top retail stock picks for 2022. To view the video, please...
Shares of Lululemon Athletica Inc. stabilized on Monday after a disappointing performance last week on lackluster guidance for its Mirror at-home fitness device. Telsey Advisory Group analyst Dana Telsey said Lululemon is off to a strong start to the holiday shopping season. “While supply chain challenges persist, LULU has done...
Many of America's leading discount chains have sat out the online shopping boom. Not anymore. "They heard enough from their customers and investors that would be demand for it," said Joseph Feldman, a retail analyst at Telsey Advisory Group. To view the full article, please click on the following link:
Lululemon pulled off a strong quarter in a difficult operating environment for just about every brand and retailer out there. "While supply chain challenges persist, LULU has done well to navigate these headwinds and continues to benefit from a solid penetration of core, seasonless styles that help mitigate pressure from...
Rent the Runway is still losing money, and it’s sending investors fleeing. “Rent the Runway addresses the digital and secondhand channels, the fastest growing segments of the large and growing apparel market,” said Telsey Advisory Group CEO and Chief Research Officer Dana Telsey. “We see significant potential runway for growth.”...
Stitch Fix Inc shares dropped 22.8% on Wednesday after the company slashed its full-year revenue guidance.. Telsey Advisory Group analyst Dana Telsey said Stitch Fix will continue to expand its Freestyle program, which will reach new clients and create revenue growth opportunities. “Therefore, with its flexible all-digital model, we continue...
In February 2020, Under Armour set up a special team built around a core of about a dozen people called "Project Buffalo.". The regional nature of the pandemic's spread adds further complications and risks. In Under Armour's case, things could have been worse. Telsey Advisory Group analysts noted that "Under...
Shares of Kroger Co pulled back on Friday after the grocery stock’s big post-earnings gains on Thursday. Telsey Advisory Group analyst Joseph Feldman said Kroger is clearly moving along the right path. “That said, it seems like the operating environment is more promotional, supply chain and other cost pressures are...
Dana Telsey, CEO of Telsey Advisory Group, joins CNBC’s ‘Closing Bell’ to discuss consumer sentiment and overall retail performance this holiday season. To view the video, please click on the following link:
Shares of Signet Jewelers fell on Thursday despite the parent company of Kay Jewelers, Zales and Jared reporting fiscal third-quarter earnings ahead of analysts’ expectations, prompting it to hike its outlook for the year. Telsey Advisory Group CEO and Chief Research Officer Dana Telsey said in a note to clients...
Dollar stores have traditionally served low-income and rural shoppers who have few options to stock up on what they need — but the pandemic is changing that. Unlike during the Great Recession, household wealth during the pandemic has been relatively stable. Federal stimulus payments intended to keep the economy afloat...
Coming off its IPO last month, Allbirds beat expectations in its first earnings report as a publicly traded company. But analysts believe Allbirds is in the early stages of multi-year growth. Telsey Advisory Group CEO and Chief Research Officer Dana Telsey projects a sales compound annual growth rate of 26%...
Allbirds has focused on its use of natural, environmentally friendly materials to set itself apart in the sneaker space from long-standing brands like Adidas, Nike and New Balance. “Allbirds is making a concerted effort to expand into performance athletic and apparel,” Telsey Advisory Group analysts wrote. “The athletic footwear industry...
Retail giant Target (TGT) - Get Target Corporation Report is well positioned for a successful holiday season with ample inventory even as peers report shortage of inventory while grappling with production constraints. Telsey Advisory Group Senior Managing Director Joseph Feldman echoed Katai's sentiment. "Target should be one of the big...
If all has gone according to plan, and the Thanksgiving feast didn't make them too sleepy, AJ and his wife Samantha will have set off from their Manhattan home at midnight for some serious Black Friday shopping in nearby New Jersey. "You have the residential areas that to me look...
Nordstrom (JWN) earnings report indicated $0.39 in EPS versus the $0.56 estimate. The company said that they are taking action to improve the performance at Nordstrom Rack. JWN FY21 revenue is expected to grow more than 35% year-over-year. Dana Telsey weighs in on the retailer expectations for this upcoming holiday...
Dana Telsey, chief research officer and CEO at Telsey Advisory Group, joins CNBC's ‘Squawk Box’ from the Roosevelt Field mall in New York to discuss how retailers are navigating this year’s Black Friday. To view the video, please click on the following link:
Dollar Tree signaled earlier in the fall that it was testing new price points at its legacy stores along with expanding its Dollar Tree Plus concept, which offers products at $1, $3 and $5 price. Despite some pressures, Telsey Advisory Group analysts led by Joe Feldman said in an emailed...
Dana Telsey, CEO of Telsey Advisory Group, joins CNBC's ‘Closing Bell’ to discuss Nordstrom and Gap earnings. She says there needs to be more work done to bring these companies back up. To view the video, please click on the following link:
Dana Telsey, CEO of the Telsey Advisory Group, says consumers are ready to spend for the holiday season. She's on "Bloomberg Surveillance." To view the video, please click on the following link:
Macy's Inc shares pulled back by 4.7% on Friday after the stock’s big post-earnings gain on Thursday. Telsey Advisory Group analyst Dana Telsey said Macy’s third quarter was impressive, but longer-term traffic concerns remain. “The fourth quarter EPS guidance is slightly below the current consensus estimate despite the strong third...
For years, discounts have been the hungry monkey on the backs of department stores and other apparel retailers, eating away at profits. Try as they have, many retailers have struggled to retrain customers to buy at full price. Still, the supply chain disruption creates some problems on the sales side....
Dana Telsey, CEO and chief research officer at the Telsey Advisory Group, discusses how retailers and consumers are both getting an early start on the holiday season, and which chains may come out as winners. To view the video, please click on the following link:
After a year spent learning, conducting business and purchasing goods online, shoppers are having a throwback holiday season. They’re putting down their phones, tablets and laptops and picking up that stalwart of a bygone, pre-Amazon era: the catalog. Joe Feldman, the senior managing director and assistant director of research at...
“Bloomberg Markets: Americas” with Alix Steel And Guy Johnson welcomed in Telsey Advisory Group Senior Managing Director, Joe Feldman, to discuss Target’s earnings after escalating cost pressures sent the stock down on Wednesday. To view the video, please click on the following link:
Walmart Inc (WMT) shares traded mostly flat on Wednesday after the discount retailer reported better-than-expected earnings and said it's well-positioned for the holiday shopping season despite supply chain disruptions. Gaining Market Share: Telsey Advisory Group analyst Joseph Feldman said Walmart is “well-positioned to gain market share” thanks to its discount...
The largest home improvement retailers in the industry beat estimates in Q3. The Home Depot and Lowe's, which benefited from heightened demand over the past year and a half as consumers took on more projects at home, this week showed they were able to maintain momentum. "Home Depot has proven...
Here’s the good news: The consumer is strong, and retail balance sheets have dramatically improved. Joe Feldman, senior managing director at Telsey Advisory Group, notes that retailers are giving shareholders what they want. “The investment community likes to see buybacks because it makes their shares more valuable,” he told me....
Pent-up demand is expected to have boosted early holiday sales this year, but big discounters Walmart (WMT) and Target (TGT) may still see margins fall as surging costs for labor, warehousing and ocean and land freight threaten to play Grinch. "Everybody's facing higher expenses but Walmart also has a much...
Department stores used to be the "it" place to buy apparel. But a lot has changed in the past 10 years, and some brands have recognized they can sell clothes just fine on their own. Take Nike for example. For most, it's not an either or situation, according to Cristina...
Tractor Supply lately has been the beneficiary of several trends outside its control, including a U.S. population drift into more rural areas, a lasting tendency to spend money on one’s own home and growing pet adoption. “Overall, Tractor Supply continues to execute at a high level (and better than expected),...
Several weeks ago, Amy Dallaire started talking about holiday shopping with the other moms at her children’s dance class near Somerset, Massachusetts. As retailers ramp up efforts to get products on the shelves, it’s costing them money, and consumers are paying the price, said Dana Telsey, CEO and Chief Research...
Beauty is the newest battleground for market share among top retailers who have each doubled-down their efforts to glean more sales in this higher-margin category this fall. The NPD Group reports that U.S. sales of prestige beauty products dropped 17% last year but recovered about 11% of that loss in...
Timing a holiday sale didn't used to be tricky. For decades, the post-Thanksgiving "Black Friday" was the day to head to the shops, fresh off a holiday meal with friends and family. "The tailwinds include pent-up demand for discretionary goods, the strength of consumer spending, full-price selling due to lean...
Shares of Costco Wholesale (NASDAQ: COST) are up nearly 1% in pre-open Friday after the company delivered better-than-expected fiscal Q4 results. Telsey Advisory Group analyst Joseph Feldman raised the price target to $480.00 per share from the prior $470.00 following an “impressive quarter.” “In 4QF21, we were encouraged by: 1)...
Costco Wholesale Corporation (NASDAQ:COST) went up by 0.10% from its latest closing price compared to the recent 1-year high of $469.77. The company’s stock price has collected -2.27% of loss in the last five trading sessions. The Wall Street Journal reported 5 hours ago that Costco Sales Rose 17% in...
Nike Inc's (NKE.N) updates to its full-year sales outlook on Thursday will likely answer that pressing question for Wall Street as the world's largest sportswear maker deals with unprecedented supply challenges ahead of the holiday season. "The company should be able to mitigate some headwind by shifting production to other...
Costco Wholesale Corp. (COST) reports Q4 2021 earnings after Thursday’s closing bell, with analysts expecting a healthy profit of $3.65 per-share on $61.45 billion in revenue. If met, earnings-per-share (EPS) will mark a 13% profit increase compared to the same quarter last year. The stock sold off more than 2%...
Retailers are loading up on goods for the holiday season in a strong show of confidence in consumer demand even as the Delta variant and supply-chain disruptions add uncertainty to restocking efforts.. If a small business that needed to ship a few sea containers goes up against a big retailer...
On August 18, when Target TGT +1.3% reported an EPS and revenue beat, it continued a streak that has been running for a handful of consecutive quarters. Despite COVID-19 related woes that plagued retailers and consumers, the home of the Bullseye continues to be a bright spot for both consumers...
Lululemon shares broke an all-time high Thursday after the retailer blew past Wall Street’s expectations in its latest fiscal quarter and said it’s on track to hit a 2023 revenue target well ahead of schedule. While supply-chain disruptions including heightened air-freight costs and factory closures in Vietnam remain headwinds, Lululemon...
Dana Telsey from Telsey Advisory Group joins CNBC's 'Closing Bell' with her outperform guidance for Lululemon stock and analyzes the company’s newest strategy for success. To view the video, please click on the following link:
Signet's Q2 represents a major recovery from the travails of last year, but the retailer acknowledges that the roaring growth isn't destined to last forever. In its earnings report, the company said that it expects a shift in consumer spending away from the jewelry category and toward experiences as the...
It was blockbuster earnings season for retailers that reported in August. While some firms that benefited from stay-at-home demand like Lowe’s (ticker: LOW) succeeded, it was department stores like Macy’s (M) and apparel retailers like Gap (GPS) that really crushed analysts’ estimates in several cases. Barron’s recently spoke with longtime...
Shares of Big Lots (BIG) - Get Big Lots, Inc. Report dropped Friday after the discount retailer missed Wall Street estimates on fiscal second quarter earnings and revenue due to continued supply chain and freight headwinds “Our visibility on Big Lots’ near-term performance is incrementally more clouded, given significantly higher...
CNBC’s “Squawk Box” team discusses supply chain issues that may impact retail margins and the holiday shopping season with Dana Telsey of Telsey Advisory Group. To view the video, please click on the following link:
Dana Telsey is the CEO and Chief Research Officer of Telsey Advisory Group (TAG). Kimberly Greenberger, a Managing Director in Retail Research, joined Morgan Stanley in 2010. These two professional equity analysts recently reviewed the retail stock landscape, exclusively for the Wall Street Transcript, in interviews. Dana Telsey sees a...
Peloton Interactive Inc. shares dropped 8.3% on Friday morning after the home exercise company reported a sharp drop in revenue growth. Telsey Advisory Group analyst Dana Telsey said subscriber growth guidance was a silver lining in a disappointing quarter. “Overall, while the forecast for an EBITDA loss in FY22, following...
Nordstrom shares have taken a dive this week after the company reported second-quarter earnings and sales that remain below pre-pandemic levels. Telsey Advisory Group analyst Dana Teslsey said Nordstrom will have to do better to justify its valuation, which is higher than its peer group and its own historical levels....
Dick’s has emerged as one of the reigning winners of the pandemic era, boosted both by investments in its digital and omnichannel operations, as well as a broad shift in the populace toward fitness and outdoor activities. That applies to both the company’s performance so far this year and its...
Dana Telsey, CEO of Telsey Advisory Group, joins Closing Bell to discuss consumer spending trends in the U.S. She hopes the delta variant won’t affect this spending and acknowledges that the child tax credit is giving consumers money to spend. To view the video, please click on the following link:
America’s most iconic retailers offered a nuanced look at how the spread of the Delta variant is affecting the economy. Walmart and Target have a more suburban footprint, and their trends are similar to Macy’s stable sales in its suburban locations, Joseph Feldman, assistant director of research at Telsey Advisory...
Bath & Body Works (BBWI) Report climbed Thursday after the soap, candle and sanitizer retailer impressed analysts with its strong second-quarter earnings. Telsey Advisory's Dana Telsey, who has an outperform rating and a $74 price target, said that "while the pandemic acted as an accelerant to its soaps and sanitizers...
Shares of Kohl’s surged nearly 8% on Thursday after the company reported fiscal second-quarter earnings that beat expectations and raised its forecast for the year, as shoppers headed back to its stores. Kohl’s is optimizing its pricing and promotional strategies as it manages through the tight inventories, which is helping...
Dick’s Sporting Goods Inc. promoted Navdeep Gupta to chief financial officer, succeeding Lee Belitsky, who will remain with the company and oversee its supply chain and other areas. Forecasting the continuing impact of the pandemic on the company’s results will likely be an immediate challenge facing Mr. Gupta in his...
Home improvement retail had a great year in 2020. With interest rates helping to drive up home prices, and consumers stuck at their houses as a pandemic spread rapidly around the world, many Americans invested in their homes. Lowe's sales for the year increased by nearly 25%. Comp declines across...
Kohl’s and Macy’s will report second-quarter earnings later this week. Telsey Advisory Group lifted its price targets for both department-store chains, but doesn’t think investors should snap up the shares. Analyst Dana Telsey reiterated a Market Perform rating on Kohl’s (ticker: KSS) and Macy’s (M) on Monday, while lifting her...
Retail earnings have never been better, but the delta variant remains the wild card. For Joe Feldman, who follows retail as senior managing director at Telsey Group, this is the biggest issue: “The consumer is ready to spend, but I am worried about the cost side of things,” he said....
Joe Feldman, Telsey Advisory Group Senior Managing Director, joined Yahoo Finance Live to discuss what he expects from retail earnings this week. To view the video, please click on the following link:
Congratulations to Dana Telsey, Founder and CEO at Telsey Advisory Group who is being recognized on Crain's New York 2021 list of “Notable Women Business Owners” With its list of Notable Women Business Owners, Crain’s recognizes those who have forged their career paths and, in turn, powered the city’s economy....
For years, shopping at Bed Bath & Beyond has meant dealing with chaos. You could lose hours sifting through a hodgepodge of items on cluttered shelves and walk out with nothing. Cristina Fernandez, a retail analyst at Telsey Advisory Group, said Bed Bath & Beyond's stores "looked outdated" and "hadn't...
Last year was not a banner one for launching new retail concepts. Many in the industry put their efforts into building out their e-commerce and omnichannel capabilities as the pandemic raged across the country. “From Dollar General’s perspective, they saw an opportunity in the market that’s being underserved,” said Joseph...
Burlington Stores named Travis Marquette as its new president and chief operating officer to oversee the off-price retailer’s stores, real estate, supply chain and information technology functions. Before becoming Ross CFO, Marquette had served in several operational management roles at Ross, including senior vice president of store operations. Telsey Advisory...
Dana Telsey, CEO and Chief Research Officer at Telsey Advisory Group joined hosts Ned Hayes and Ashley Coates on SnowShoe Spark Plug podcast discussing all things retail. To listen to the full audio, please click on the following link:
As e-commerce grows by leaps and bounds, retailers across the distribution spectrum are learning to quickly pivot between online and offline business to give consumers what they want, when they want it. The e-commerce growth rate in these categories will continue steadily upward until at least 2023, its research shows....
Nestled between work memes and pregnancy pics on Danielle Leveck’s Instagram is a photo of her outside the New York Stock Exchange, a big smile on her face. The ebullient image shows the intensive care nurse decked out in the gray scrubs of the medical apparel company she champions online,...
Hibbett, Inc.'s (NASDAQ:HIBB) differentiated approach to athletic retail and growth potential are turning Telsey Advisory Group bullish on the retail stock. The Hibbett Analyst: Cristina Fernández initiated coverage of Hibbett with an Outperform rating and $110 price target. To view the full article, please click on the following link:
Dana Telsey, Telsey Advisory Group CEO, joins CNBC’s ‘Closing Bell’ to discuss Levi’s quarterly earnings, what the company will need to prove to investors in coming quarters and the challenges facing retailers. To view the video, please click on the following link:
Nike shares closed Friday up more than 15%, hitting a record intraday high, after the sneaker maker forecast full-year sales topping $50 billion as its North American business rebounds from the lows of the coronavirus pandemic. According to Telsey Advisory Group analyst Cristina Fernández, Nike is benefiting from its closer...
Shares of Nike surged over 15 percent to a record high Friday after the sportswear giant forecast full-year sales of more than $50 billion, riding on pent-up demand for sneakers and athletic gear from US shoppers. “The strong momentum in Nike’s brand globally is more than offsetting pressure in China...
Shoppers aren't showing any signs of getting tired of Amazon Prime Day, even though some sellers had said they weren't planning on offering deals this year. "Amazon's Prime Day was aimed to boost new Prime member signups and enhance its relationship with existing members to grow the ecosystem, a mission...
Amazon’s Prime Day is finally here. The 48 hours of sales that is perhaps more important for the e-commerce giant than Black Friday weekend has been good for Amazon stock (AMZN). Share price has risen a solid 8% since the start of June, easily beating the S&P 500’s 1% loss.....
What was once a niche event for Amazon to drum up sales during the summer shopping lull, Prime Day has now amassed into an industry-wide online shopping holiday, with retailers including Kohl’s, Best Buy, Target and Walmart rolling out their own discounts. “Shoppers are always looking for deals and bargains...
You might not be excited about paying higher prices for meat and vegetables, but your grocery store is thrilled. If prices on an item rise above 4%, customers may skip buying it, hurting grocers' sales, said Joseph Feldman, an analyst at Telsey Advisory Group. Consumers may also trade down to...
GameStop Corp. is heading into its first-quarter earnings report with half the number of analysts covering the stock than before retail traders helped fuel a quadruple-digit surge in shares. Telsey Advisory Group was the latest firm to walk away from the stock, discontinuing coverage of GameStop earlier this week. Analyst...
Stitch Fix Inc (NASDAQ:SFIX) shares were trading 12% higher Tuesday after the company reported a third-quarter earnings beat and raised its full-year guidance. Telsey Advisory Group analyst Dana Telsey said the company’s strong active giant growth was a highlight of the quarter. “With a strong reception to several new features...
Dollar stores — those that stayed open as essential retailers — were among the primary beneficiaries of 2020’s topsy-turvy selling environment. Many core and new customers used Dollar General and Family Dollar to stock up and took advantage of their general merchandise assortments to consolidate shopping trips. Telsey Advisory Group...
Lululemon Athletica Inc shares traded higher by 3.2% on Friday after the company reported an aggressive rebound in sales and store traffic in the first quarter. Telsey Advisory Group analyst Dana Telsey said Lululemon once again demonstrated its strong operating momentum. “LULU continues to successfully invest in long-term growth drivers...
Costco Wholesale Corp. (COST) sold off more than 2% on Friday despite beating Q3 2021 top and bottom line estimates by healthy margins. The big box retailer earned $2.75-per-share during the quarter, $0.47 better than expectations, while revenue rose a healthy 21.8% year-over-year to $44.38 billion, more than $500 million...
Telsey Advisory Group CEO Dana Telsey describes end-of-pandemic buying trends: 'we're seeing pent up demand and that's exciting' To view the video, please click on the following link:
Shares of GameStop and cinema operator AMC Entertainment rallied to their highest levels in months on Wednesday, with some market-watchers saying the recent surge was forcing bearish investors to unwind their bets against the video game retailer. "If you own a stock and you want it to keep going up...
Nordstrom shares fell by nearly 6% Wednesday after the company reported disappointing first-quarter earnings numbers and issued guidance that fell short of Wall Street’s expectations. Nordstrom As A Reopening Play: Telsey Advisory Group analyst Dana Telsey said the weak first quarter highlights the challenges Nordstrom faces in its turnaround efforts....
Dana Telsey, CEO and Chief Research Officer at Telsey Advisory Group, joins CNBC’s "Worldwide Exchange" to discuss the retail sector during a busy earnings week. To view the video, please click on the following link:
Gap Inc. (GPS) is trading higher by more than 1% in Tuesday’s pre-market in reaction to bullish analyst commentary just two days before the Q1 2021 earnings release, when the apparel chain is expected to post a loss of $0.12 per-share on $3.4 billion in revenue. Telsey Advisory Group analyst...
VF traded lower Friday after the parent of North Face and Timberland reported fourth-quarter earnings that missed analysts' estimates. Telsey Advisory's Dana Telsey said that a tax rate higher than the consensus estimate and narrower-than-expected gross margin resulted in earnings per share coming up short. Telsey maintains an outperform rating...
As previously noted by several observers, some people are ready to leave behind the sweatpants they embraced while stuck at home during the pandemic. Macy's is benefiting. "In all, Macy's appears to have managed through the challenges of the pandemic, but continues to face what we see as structural traffic...
Telsey Advisory Group is largely constructive on Macy's (NYSE:M) after shares fell slightly yesterday following the department store operator's Q1 earnings report. Analyst Dana Telsey thinks Macy's posted a strong start to the year with results coming in ahead of guidance and digital sales continuing to grow. "With the updated...
Walmart Inc reported a big first-quarter earnings beat driven by online and grocery sales growth. Telsey Advisory Group analyst Joseph Feldman said Walmart’s guidance was also impressive. “For 2021, Walmart now forecasts EPS growth of HSD, up from the prior outlook for a slight decline, vs. $5.48 in 2020, with...
Macy’s Inc reported a vibrant financial performance in its Q1 earnings report released Tuesday. Three analysts tracking the retailer offered responses ranging from encouraging to unimpressed. The View From Telsey: Telsey Advisory Group’s CEO and Chief Research Officer Dana Telsey cited Macy’s “strong start to FY21 with top- and bottom-line...
As life suddenly began to revolve around the home, the home improvement category stood to benefit as consumers started to invest more into their personal spaces. "Demand for home improvement remains robust, as DIY customers continue to take on home improvement projects and Pros have seen projects resume and their...
Department stores as a sector were fated to have an excellent Q1 in year-over-year terms, given how terrible the first period of 2020 was, with stay-at-home orders, store closures, economic turmoil and other headwinds weighing on the industry. The company's earnings per share of $7.25 whizzed past market expectations of...
Bed Bath & Beyond has decided it's too expensive for some shoppers. It's trying to change that. Cristina Fernandez, a retail analyst at Telsey Advisory Group, said the chain is working to improve customers' perceptions of its prices against competitors. "They were seen as being a little bit too expensive,"...
Peloton Interactive Inc (NASDAQ:PTON) shares rebounded by 2.6% on Friday after the company reported impressive fiscal third-quarter sales growth and assured investors it’s working quickly to resolve safety issues with its treadmills. Treadmill Relaunch Ahead: Telsey Advisory Group analyst Dana Telsey said the financial impact of the treadmill recall is...
Peloton shares climbed more than 9% Friday as investors realized the financial hit from the company’s treadmill recall isn’t as bad as some had feared. Telsey Advisory Group analyst Dana Telsey had expected the recall to have a larger impact. She maintained her outperform rating on stock, but lowered her...
Dana Telsey, CEO and chief research officer at Telsey Advisory Group, who spoke at the Foundation for Accounting Education's Broker-Dealer Conference Wednesday, predicted that 2021 will be a year of booming profits, as pent-up demand from the previous year is finally unleashed. Telsey noted that all the spending on weddings,...
Coursera (NYSE: COUR), which became public on March 31st, dropped on Wednesday the 5th almost 8%, despite receiving analysts’ support regarding the first-quarter report. Investors still consider that the educational company is overvalued. On Thursday, the stock suffered another significant decline of 7.21%, until $38.98. Analyst Sarang Vora, from Telsey...
Costco Wholesale Corp. (COST) is pressing against a key resistance level in Monday’s pre-market in reaction to bullish analyst commentary. The stock is still in the red for 2021 after posting a 28% return in 2020, underpinned by its commanding retail position during the COVID-19 pandemic. Taken together with 2019’s...
Costco Wholesale will report April same-store sales data on Wednesday—and analysts are expecting another blowout quarter for the discounter, even though that strength hasn’t helped the stock much. By contrast, Telsey Advisory Group’s Joseph Feldman reiterated an Outperform rating and raised his price target to $390 from $375. He’s modeling...
This past weekend, I walked by my local Gap GPS -1% store, set to close at any moment once the last bit of inventory disappears out the front door, I’m guessing. I’ve written about Gap in the past, being partially wistful for that 90s magic it held, and also wondering...
Best Buy President and Chief Operating Officer Mike Mohan is stepping down from his post, effective July 1, according to a securities filing. Addressing Mohan's departure in a research note, analysts with Telsey Advisory Group anticipate Best Buy will continue as a "long-term winner" in the industry. "While Mr. Mohan's...
Several forces worked in Tractor Supply's favor in the first quarter — some fleeting, like the government's pandemic relief to consumers and good weather, and others possibly longer lasting, like millennials' migration to the suburbs and rising pet adoption. But it's also benefiting from advantages largely of its own making,...
The death of the stay-at-home trade has been greatly exaggerated. The trends behind most of these stock rallies are likely to continue well into 2022, according to Cristina Fernandez, an analyst with Telsey Advisory Group. She expects strong results from Home Depot Inc. and Lowe’s Cos Inc. in coming quarters...
“When you are finished changing, you are finished,” founding father Benjamin Franklin said long before being immortalized on the $100 bill. Two hundred years later, Nike’s newly released sustainability and carbon footprint reduction strategy appears to be embracing that sentiment. “Nike Refurbish is limited to reselling merchandise returned by consumers...
GameStop rallied Monday after the video game retailer announced its CEO succession plan as it tries to pivot to e-commerce following a historic short squeeze. “GameStop’s next CEO and CFO are likely to come from the tech industry, as with the other recent senior hires, and would require a wide...
GameStop (NYSE: GME) continues to shake up its management team as Chairman-elect and major shareholder Ryan Cohen moves chess pieces in an effort to regain relevance in the video game sector and justify the stock's 800% year-to-date surge. CEO George Sherman was the latest casualty. Telsey Advisory Group analyst Joseph...
GameStop Corporation’s decision to up its at-the-market program’s scope to $1 billion is “understandable,” according to Telsey Advisory Group’s Joseph Feldman. Feldman wrote in a note on Monday that “the company's decision to increase the size of its ATM Program is understandable, given the stock's elevated price.” To view the...
GameStop plans to sell millions of shares at prices juiced by this year’s parabolic run. The stock sank on the news before bouncing back by early afternoon. “The company’s decision to increase the size of its ATM Program is understandable, given the stock’s elevated price,” wrote Telsey Advisory Group analyst...
Shares of GameStop pared their double-digit losses in volatile trading that occurred Monday morning after the video game retailer said it may sell up to $1 billion worth of additional shares following a historic Reddit-fueled short squeeze. “The company has yet to show financial success in an industry that is...
Williams-Sonoma stock rose Thursday, helped in part by a price target increase from Telsey Advisory Group. The firm is confident that demand for home furnishings won’t end when the pandemic does. Analyst Cristina Fernández reiterated an Outperform rating on Williams-Sonoma (ticker: WSM) and raised her target to $195 from $175....
New York – Even as the economy opens up and travel resumes, home furnishings sales should continue to gain this year and next, according to Dana Telsey, CEO & chief retail analyst, Telsey Advisory Group. To view the full article, please click on the following link:
Lululemon beat both the top and bottom line and had 21 percent increase in comparable sales. Dana Telsey, CEO of Telsey advisory group, joins CNBC's ‘Closing Bell’ to give her take on Lululemon’s fourth quarter results. To view the full video, please click on the following link:
Roughly a year ago, L Brands was taking unprecedented actions and scrambling for cash as it and the retailer's industry peers sailed into unknown territory. After the company's move to restore dividends and buybacks, and its earlier Q1 guidance, analysts have sounded an optimistic note on L Brands, with multiple...
This week has seen yet another market, Home Textiles Week, held online instead of in person at its usual New York showroom locations. This week also marks two full years since the last in-person version of this industry event, which brings together buyers and sellers of bed, bath and other...
GameStop stock was falling fast on Wednesday after the company’s fiscal fourth-quarter results disappointed analysts. There’s also another elephant in the room: The company is considering selling more stock, which could dilute its shares. “Many on Wall Street have wondered why GameStop has not done an ATM transaction to take...
Joe Feldman, Senior Managing Director at Telsey Advisory Group, joins Yahoo Finance Live to discuss GameStop's latest earnings report and outlook for the electronics retail company. To view the full video, please click on the following link:
Weeks after GameStop Corp. (GME -16.78%) played a starring role in a Wall Street trading frenzy, the videogame retailer’s financial performance and fundamentals are returning to center stage. “The fourth quarter is generally their moneymaking quarter,” said Telsey Advisory Group analyst Joe Feldman. Still, he said it isn’t a good...
In 2011, nearly ten years before Nike would announce its Consumer Direct Acceleration strategy to speed up the prioritization of DTC, the company was already focused on growth in that channel. In its annual report that year, Nike wrote that while wholesale made up the largest share of Nike brand...
Video games retailer GameStop continues to battle falling sales - but its financials haven't dimmed the interest surrounding its stock. But Joe Feldman, senior managing director at Telsey Advisory Group, said there was little in the firm's update to justify the sky-high enthusiasm that the firm's share prices imply. "The...
Anthony Chukumba, Loop Capital managing director, says the current price for GameStop shares are way too overvalued when comparing it to the fundamentals. He said he will be listening to whether its executives have a plan for making GameStop a viable company in its earnings call. Joseph Feldman from Telsey...
GameStop stock dropped suddenly Monday morning, prompting a brief halt due to volatility. The stock fell wider than 15% to as low as $223.00, bounced back, and then fell even lower. While some analysts are upbeat about the company’s turnaround prospects, the highest price target listed by FactSet is $33....
Congratulations to Dana Telsey, Founder and CEO at Telsey Advisory Group who is being recognized on Crain's New York Business 2021 list of “Notable Women on Wall Street”. The 56 finance professionals on Crain’s 2021 list have succeeded in wealth management, consumer and investment banking, equity research, asset management and...
Congratulations to Dana Telsey, Founder and CEO at Telsey Advisory Group and to all those listed in Barron's 2nd Annual “100 Most Influential Women in U.S. Finance”. The full list of women who are helping to shape the modern financial-services industry and leading it confidently into the future can be...
Since Dollar Tree's acquisition of Family Dollar in 2015, the latter has been something of a problem child for the deep discounter. Family Dollar's sales often have lagged Dollar Tree's, and the company has closed hundreds of Family Dollar stores. Overall comps missed projections by Telsey Advisory Group analysts led...
Some of us are saying “so long” to sweatpants. In the final week of February, seven of the top 10 selling items on Anthropologie’s website were dresses, the company, a unit of Urban Outfitters, said this week during an earnings conference call. Until that point, it said, it was lucky...
Dana Telsey, CEO of Telsey Advisory Group, says Gap's game plan to move Old Navy and Athleta away from malls to e-commerce is smart. She says she still sees opportunity in Costco despite it missing the quarter on the earnings per share. "I think GAP has the game plan in...
The run-up in GameStop Corp.’s GME +5.10% share price this week is adding pressure on the company to deliver a turnaround that can be embraced by more than meme-stock believers. The launch of a game-streaming service was lauded by analysts as transformative and visionary at the time, but it didn’t...
GameStop stock fell on Friday after its sudden surge in the two prior trading days. An analyst at BofA Securities says, “don’t blame shorts” for the sudden return to volatility. Earlier this week, Telsey Advisory Group analyst Joseph Feldman reiterated a $33 price target. That’s actually the highest Wall Street...
GameStop shares doubled on Wednesday with most of the gains coming in the last hour of trading. The rally carried over into after hours trading, with the stock up another 70% in the extended session. The cause of the move is up for debate. Telsey Advisory Group analyst Joseph Feldman...
GameStop Corp shares more than doubled in afternoon trading on Wednesday, surprising those who thought the video game retailer’s stock price would stabilize after a fierce rally and steep dive that upended Wall Street in January. “GameStop announced the resignation of its CFO last night. Some may have taken this...
Kroger said that it became the latest victim of a file-transfer service hack. The company believes that personal data of some of its customers were hacked during Accellion’s file-transfer service. Earlier on Jan. 28, Telsey Advisory analyst Joe Feldman downgraded the stock to Hold from Buy, and lowered the price...
Dana Telsey, CEO and Chief Research Officer of Telsey Advisory Group, joins Worldwide Exchange with a lookahead to the big retail earnings on tap for this week. To view the full video, please click on the following link:
Walmart Inc's investors and analysts are likely to look past the retail giant's slowest same-store sales growth since the start of the coronavirus crisis, when it reports quarterly results on Thursday and instead focus on the company's ambitions to diversify beyond retail. "We are encouraged to see Walmart expand its...
The pandemic didn’t leave much room for designer handbags and heels, but many investors are betting that demand for these items will come back in a big way. That has helped Tapestry stock rally in recent months, and the stock is higher again Tuesday after an upgrade from Telsey Advisory...
As COVID-19 and brand issues continue to drag on Ralph Lauren's sales, the luxury apparel seller is cutting costs, including by shrinking its corporate office space and closing stores. "Having already worked to optimize its brand portfolio and create a leaner cost structure, we believe [Ralph Lauren] is taking the...
Nordstrom shares tumbled Thursday as the department store chain delivered a disappointing sales outlook for the year, and said it plans to shift more of its business toward off-price. “We continue to believe that Nordstrom has the potential to take profitable market share over time, as we see the business...
Amazon chief and founder Jeff Bezos announced his plans to step out of the CEO role on a high note. That includes a record holiday season — helped along by moving Prime Day to October — and a year that pushed its North American sales up 38.4% to $236.3 billion....
Telsey Advisory Group reiterates its Outperform rating on Peloton Interactive (NASDAQ:PTON). Analyst Dana Telsey: "We expect another strong report from Peloton for its 2QF21 ended December, with upside to the outlook provided on November 5. In our view, the high order backlog from 1QF21, combined with continued strong demand (currently...
Over the weekend, a GameStop store in Maryland illustrated the disconnect between the Wall Street hysteria that has sent the company’s stock price to dizzying heights and the video game retailer’s real-world struggles. “That is very valuable information, to know what millions of gamers are playing and to be able...
That old gravitational pull for stocks hasn’t disappeared. It’s called reversion to the mean—and it’s not a lot of fun for investors in high-flying shares whose fundamentals stink. Reality eventually intervenes. Watch that happen to GameStop. Alas, this all may be too late. “In our view,” wrote Telsey Advisory Group...
With an emphasis on cozy, at-home activities, the Covid-19 pandemic didn’t leave much room for preppy, chic clothing in many people’s budgets last year. That was a problem for Ralph Lauren, which has seen its stock fall nearly 10% in the past 12 months. Yet that losing streak may be...
Joe Feldman, an analyst with Telsey Advisory Group, issued a strange report on Monday about struggling video game retailer GameStop, whose shares have soared to astronomical levels. He raised his target price for the company’s stock by 50% to $33, which in normal times would seem like a huge endorsement....
Bed Bath & Beyond stock fell Thursday, in a reversal of its recent meteoric rise that left shares up 80% year to date. The move comes after two more analyst downgrades, although the real cause may be restrictions on stock purchases on platforms like Robinhood. Telsey’s Feldman had the same...
GameStop Corp. snapped a dizzying six-day rally to wipe out nearly US$11 billion in market value after moves by brokerages to curb trading of the stock on their apps whipped up volatility and enraged the company’s retail fanbase. “It’s hard to say what is next, but the chat room investors...
Supermarket stocks are taking a tumble today, hurt by downgrades and a decline in a number of retail stocks that recently shot higher. Telsey Advisory Group’s Joseph Feldman downgraded the stock today to Market Perform from Outperform, while cutting his price target to $39 from $43. Feldman doesn’t mention the...
Starbucks stock is stumbling on Wednesday, following the coffee giant’s mixed fiscal first-quarter earnings report. Still, despite ongoing pandemic headwinds weighing on sales, analysts are mostly optimistic that the company’s Covid-19 recovery is under way. Telsey Advisory Group’s Bob Derrington is among those on the sidelines, with a Market Perform...
Joseph Feldman on Telsey Advisory Group downgrading GameStop (GME) as there is a disconnect between fundamentals and valuation. However, the company should benefit from the new gaming cycle. To view the video, please click on the following link:
Joe Feldman, Telsey Advisory Group senior managing director, joins ‘Power Lunch’ to discuss GameStop’s wild moves today and how he’s thinking about the stock long term. To view the video, please click on the following link:
Telsey Advisory Group senior managing director Joseph Feldman and Permit Capital portfolio manager John Broderick weigh in on the gaming retailer's sudden jump in the market. To view the video, please click on the following link:
The pandemic and its devastation of lives and livelihoods presented retail with one of its roughest years in more than a decade. Toward the end of 2020, retailers of all sizes had made important changes to they way they do business, which helped them eke out what amounts to a...
Telsey Advisory Group lifts its price target on American Eagle Outfitters (NYSE:AEO) ahead of Thursday's Investor Day event. Analyst Dana Telsey: "Over the past two quarters, the aerie business has impressed with accelerating sales growth despite COVID disruptions as both its product offering and market positioning are well-suited for the...
Nine months ago, GameStop stock bottomed out at $2.80 a share, a reflection of the myriad problems facing the retailer specifically and brick-and-mortar game retail as a whole. As of Tuesday morning, though, that stock price is hovering around $40 a share (peaking at $44.74 as of this writing), with...
Nordstrom stock is dropping after the department store released mixed preliminary holiday sales figures. Still, analysts weren’t pleased with the news. Telsey Advisory Group’s Dana Telsey cut the shares to Market Perform while maintaining a $28 price target. She cited the disappointing EBIT margin guidance and the stock’s recent rally....
Shares of Urban Outfitters are sinking early Wednesday after a disappointing holiday sales update, where the apparel retailer highlighted challenges that soaring Covid-19 case counts presented during the key selling season. Telsey Advisory Group’s Dana Telsey reiterated an Outperform rating and $35 price target. “With the most difficult months in...
Signet Jewelers stock has soared 86% in the past three months, and risen some 10% in just Friday and Monday’s trading alone, on hopes that pent-up jewelry demand will lead to more sales in a reopened economy. Telsey Advisory Group wrote Monday that the shares could get another boost from...
A new year is thankfully in sight. Still, the ghost of 2020 will likely still loom large for retailers. Telsey Advisory Group’s Joseph Feldman looked at a number of major retailers Monday, highlighting what he believes will be key strategic initiatives and investments for major retailers in the new year....
Dana Telsey, Telsey Advisory Group, discusses whether there’s more room for Peloton stock to run, even as the stock approaches a record high. To view the video, please click on the following link:
Peloton shares rose to a record Tuesday after the company announced plans to buy exercise equipment manufacturer Precor for $420 million. Telsey Advisory Group analyst Dana Telsey said she expects the deal could increase Peloton’s annual sales by $480 million to $500 million, assuming Peloton retains Precor’s revenue. The deal...
Nike stock is jumping as investors cheer its upbeat fiscal-second-quarter report, which demonstrated that the athletic giant’s pandemic momentum continues. Telsey Advisory Group’s Joseph Feldman reiterated an Outperform rating and boosted his target to $175 from $155, writing that the shift to digital sales should propel earnings for years to...
While most retailers are playing catch up, Nike plans to capitalize on its quick recovery to drive further investments. Revenues in wholesale were down 14%, with the company reducing its undifferentiated retail partners in North America by 30% over the past three years, Telsey Advisory Group analysts said in emailed...
Dow component Nike Inc. (NKE) is trading at an all-time high on Monday after beating Q2 2021 top and bottom line estimates by wide margins, posting a profit of $0.78 per-share on an 8.9% revenue increase to $11.24 billion. Telsey Advisory Group analyst Joseph Feldman raised his target to $175...