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...