latest news

Five Below has had a rough year so far. Here's why

CNBC

06/14/2024  

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...

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Falling Gas Prices Could Help Inflation-pressured Consumers

yahoo Finance

06/12/2024  

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...

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Americans are getting pickier, but they are still spending on hot items

Reuters

06/07/2024  

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...

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Big Lots may be making more turnaround progress than it seems

Retail Dive

06/06/2024  

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...

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Dollar Tree explores sale of struggling Family Dollar banner

Reuters

06/05/2024  

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...

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Lululemon climbs on earnings beat

CNBC

06/05/2024  

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:

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Gold bars and $5 chickens make Costco an inflation wave winner

Financial Times

05/31/2024  

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...

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Dollar General to eliminate ‘vast majority’ of self-checkout, reduce new store openings

Retail Dive

05/31/2024  

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,...

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Retail shakeout: Dana Telsey on the winners and losers

CNBC

05/31/2024  

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:

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Best Buy makes bet on AI; shares up after slight profit bump that surprised Wall Street

Star Tribune

05/30/2024  

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...

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Best Buy posts disappointing sales for Q1, as consumers pull back on appliances, electronics

yahoo Finance

05/30/2024  

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...

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Costco bucks trend: Surge in foot traffic despite tough economy

Fox Business

05/30/2024  

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...

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Best Buy set for tenth straight quarter of sales drop on weak electronics spending

Reuters

05/29/2024  

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...

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Walmart, Target, Amazon, Aldi cut prices. Is this good news?

Fox Business

05/27/2024  

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...

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Target's stock slides as consumers remain unconvinced of its value

Star Tribune

05/22/2024  

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....

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Lowe’s beats expectations despite soft Q1

Retail Dive

05/21/2024  

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...

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Biggest US retailers cut prices as inflation hits shoppers

yahoo Finance

05/21/2024  

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...

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Lowe's beats estimates, even as DIY consumers pull back

yahoo Finance

05/21/2024  

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...

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Under Armor sees difficult fiscal year in 2025 as it plans restructuring

Forbes

05/16/2024  

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...

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Walmart lifts full-year sales and profit forecast, shares hit record high

Reuters

05/16/2024  

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...

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Home Depot (HD) & Walmart (WMT) Earnings

Schwab Network

05/16/2024  

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:

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What Slowing US Retail Sales Say About Our Consumers

Bloomberg

05/15/2024  

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:

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Home Depot earnings show signs of a consumer pullback

yahoo Finance

05/14/2024  

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...

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Walmart looks well positioned for consumer environment, says Telsey’s Joe Feldman

CNBC

05/14/2024  

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:

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The consumer isn’t weak right now but “squishy,” here’s what it means

CNBC

03/28/2024  

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:

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We’re in a ‘squishy’ consumer environment, says top retail analyst Dana Telsey

CNBC

03/22/2024  

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:

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Dollar General, other discount retailers stand to gain from Dollar Tree's troubles

yahoo Finance

03/16/2024  

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...

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6 Retail Stocks That Look Like Bargains, According to This Industry Expert

Barron's

03/14/2024  

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...

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Dollar Tree, Family Dollar to close 1,000 stores

Retail Dive

03/13/2024  

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...

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Adidas posts first loss in 30 years and warns on US

Reuters

03/13/2024  

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,"...

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Costco earnings beat big on the back of sales of gold bars and silver

yahoo Finance

03/08/2024  

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...

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Costco stock closes for worst day in nearly two years on quarterly revenue miss

Reuters

03/08/2024  

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...

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Telsey Says Constructive on the Consumer

Bloomberg

03/08/2024  

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:

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The two best discount retail stocks for investors

yahoo Finance

03/06/2024  

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...

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What Macy’s 150 Store Closures Say About Retail and the Consumer

Sourcing Journal

03/04/2024  

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...

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Blocking Kroger’s mega-merger with Albertsons won’t save your local grocery store

CNN Business

02/27/2024  

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:

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Macy’s is closing 150 stores

CNN Business

02/27/2024  

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...

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Retail earnings on deck: Here’s what to expect

CNBC

02/26/2024  

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:

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'Buy' thesis for Walmart as it hits all-time high today

BNN Bloomberg

02/20/2024  

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:

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Walmart Tops 4Q Estimates, Forecasts Slower Growth

Bloomberg

02/20/2024  

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:

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Walmart posts Q4 earnings beat, to buy Vizio in $2.3 billion deal

yahoo Finance

02/20/2024  

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...

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Five moves Walmart is making to overhaul its business for the future

CNN Business

02/20/2024  

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...

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Costco is still a winner, even in a higher unemployment environment, says Telsey’s Joe Feldman

Bloomberg

02/16/2024  

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:

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Thank You to Our Friends at Telsey Advisory Group

Habitat for Humanity Detroit

02/13/2024  

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...

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Lowe’s net sales fall 17% in Q4

Retail Dive

01/27/2024  

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...

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Resilient, optimistic consumers are opening their wallets again, leading retailers to boost their forecasts.

yahoo Finance

01/09/2024  

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,...

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6 retail brands ready for a comeback in 2024

Business Insider

12/29/2023  

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...

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Take advantage of the weakness in LVMH, says Dana Telsey

CNBC

12/27/2023  

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:

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Nike needs to focus on sales between peak holiday buying periods: top retail analyst Dana Telsey

CNBC

12/22/2023  

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:

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Costco (COST) Shares Set For A Pullback?

Schwab Network

12/14/2023  

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...

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RH, LULU: Outlook For Athleisure Ahead Of Holiday Shopping Season

Schwab Network

12/11/2023  

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...

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Macy’s receives $5.8 billion buyout offer, sources say

CNBC

12/11/2023  

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:

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Foot Locker's forecasts get a boost as big discounts bump holiday sales

Reuters

11/29/2023  

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...

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Dollar Tree trims annual sales forecast, to review Family Dollar business

Reuters

11/29/2023  

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...

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Retail Stocks Highlight Key Earnings For Week: What Investors Should Know About Ulta Beauty, Express, Build-A-Bear, Dollar Tree

Benzinga

11/28/2023  

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...

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Cyber Monday rings in $12.4 billion in sales as consumers hunt for bargains

yahoo Finance

11/28/2023  

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,...

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Big box retailers are bringing the discounts this holiday season

yahoo Finance

11/25/2023  

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."...

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Retailers should focus on promoting to reach the ‘more cautious’ consumer: Dana Telsey

Fox Business

11/24/2023  

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:

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Consumers are spending on experiences and essentials over goods, says Dana Telsey

CNBC

11/24/2023  

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:

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The consumer is going toward TJX, Ross Stores and Burlington, says Dana Telsey

CNBC

11/22/2023  

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:

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How Abercrombie has the edge over other retailers

yahoo Finance

11/22/2023  

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...

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Walmart's $9 billion store makeover may already be paying off

yahoo Finance

11/21/2023  

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...

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What Black Friday deals can shoppers find today?

Reuters

11/16/2023  

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...

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Home Depot Q3: revenue beat expectations, sales down 3%

BNN Bloomberg

11/15/2023  

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:

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Target stock surges after better-than-expected profits and a budget-friendly holiday plan

Star Tribune

11/15/2023  

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...

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US retailers stuck with excess stock offer bargains as holiday season nears

Reuters

11/13/2023  

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...

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Why Jimmy Choo, Michael Kors, Versace, Kate Spade are suddenly one company

CNBC

11/02/2023  

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...

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How innovation is driving On’s meteoric rise

Retail Dive

10/17/2023  

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...

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Dollar General shares pop on Vasos' return as CEO

Reuters

10/13/2023  

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...

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Halloween is a $12B business. Why that couldn’t save Party City

Retail Dive

10/10/2023  

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...

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Retail Theft Losses Mount From Shoplifting, Flash Mobs — And Organized Crime

Investor's Business Daily

10/06/2023  

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...

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Home Depot Poised For Long-Term Win In Retail Despite Current Macro Challenges: Analyst

Benzinga

10/04/2023  

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...

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Has Nike Stock Bottomed? Analysts Explore Q1 Print, Outlook, Back-To-School Trends

Benzinga

09/29/2023  

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...

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Peloton and Lululemon Enter Deal to Share Fitness Content

Bloomberg

09/28/2023  

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...

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As US consumers slow down, Walmart is muscling out its competition

Retail Dive

09/27/2023  

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...

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Costco tops quarterly revenue, profit estimates on steady grocery demand

Reuters

09/26/2023  

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....

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Dollar General 'not winning at this moment' over sales, shrink: Analyst

yahoo Finance

08/31/2023  

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...

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Best Buy beats Q2 estimates, pulls back sales outlook: Analyst Actions

BNN Bloomberg

08/29/2023  

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:

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Best Buy results beat a bright spot as revenue forecast trimmed

Reuters

08/29/2023  

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...

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Five Below And Dollar General Q2 Earnings Preview: Aiming To Emulate Dollar Tree's Beat

Benzinga

08/28/2023  

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...

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What turns Nike around is an innovative product to drive demand, says Dana Telsey

CNBC

08/24/2023  

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:

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Gloomy U.S. retail outlook dulls hopes of strong holiday season spending

Reuters

08/23/2023  

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...

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Dick's Sporting Goods Shocks Investors – 4 Analysts Slash Forecasts

Benzinga

08/23/2023  

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...

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Lowe’s to give $100M in bonuses to frontline workers

Retail Dive

08/22/2023  

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...

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Lowe's tops quarterly estimates, CEO says consumer sentiment improving

Reuters

08/22/2023  

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......

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They don’t want the goods, they want the money: Gerald Storch on retail thieves reselling online

CNBC

08/22/2023  

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:

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Walmart has done a great job of driving growth in its e-commerce business: Analyst

BNN Bloomberg

08/18/2023  

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...

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TGT & WMT Earnings: The Negatives Have Been Priced In

TD Ameritrade Network

08/17/2023  

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...

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Top Calls: Home Depot Reaffirms 2023 Guidance

Bloomberg

08/15/2023  

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:

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Home Depot rides on smaller remodeling projects to top sales, profit estimates

Reuters

08/15/2023  

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...

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Dollar Tree cuts profit target on slowing demand, higher costs; shares slump

Reuters

08/14/2023  

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...

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Sales dip expected for Target following removal of some Pride products

StarTribune

08/14/2023  

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...

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Brands are benefitting from Barbie collabs and Taylor Swift shows, says Telsey Advisory Group CEO

CNBC

08/11/2023  

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...

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Custom art, air purifiers and TikTok: College-spending boom could boost retailers’ sales this fall

CNBC

08/10/2023  

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...

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Tapestry acquires Capri for US$8.5B: Analyst Actions

BNN Bloomberg

08/10/2023  

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:

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Home Depot, Lowe's stock downgraded on housing headwinds

Fox Business

08/08/2023  

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...

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Amazon results could bode well for rival retailers Walmart, Target

Reuters

08/07/2023  

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,...

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Amazon’s Q2 online retail sales beat forecast

Retail Dive

08/04/2023  

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...

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Yeezy Destocking Helps Lift Adidas Sales Outlook

Business of Fashion

08/03/2023  

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...

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Tractor Supply to expand its footprint, aiming for 3K nationwide

Retail Dive

07/27/2023  

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...

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Amazon’s Prime Day off to a strong start, early data shows

CNBC

07/12/2023  

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...

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What smart inventory management means in 2023 - so far

Supply Chain Dive

07/05/2023  

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...

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Dollar Tree's Strategic Plan To Propel Annual EPS Growth: Analyst Predicts Bright Future

Benzinga

06/22/2023  

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...

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Kroger maintains annual targets despite quarterly profit beat, shares slip

Reuters

06/15/2023  

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,...

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As losses continue, Joann promotes a ‘back-to-basics’ mindset

Modern Retail

06/05/2023  

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...

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Five Below sales up nearly 14% as it scoops up Tuesday Morning leases

Retail Dive

06/05/2023  

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...

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Lululemon Stock Draws Praise From Analysts After Q1 Results: 'Ample Runway For Growth'

Benzinga

06/02/2023  

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...

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Telsey: The lower-end consumer is more pressured in terms of spending

CNBC

06/02/2023  

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:

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Dollar General cuts guidance, shareholders OK safety audit

Retail Dive

06/01/2023  

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...

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BBY, DLTR, COST: Earnings And Trade Ideas

TD Ameritrade

05/26/2023  

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...

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Luxury brands are moderating ‘but off a very high base’, says Telsey Advisory Group’s Dana Telsey

CNBC

05/25/2023  

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:

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Dollar Tree cuts profit target on slowing demand, higher costs; shares slump

Reuters

05/25/2023  

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,"...

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Lowe’s lowers full-year guidance as DIY spending softens in Q1

Retail Dive

05/23/2023  

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...

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Foot Locker slumps as weak demand, heavy discounts drive annual forecast cut

Reuters

05/19/2023  

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...

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Consumers becoming more discerning and looking for value, says Dana Telsey

CNBC

05/18/2023  

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...

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Walmart raises guidance on Q1 results beat: Analyst Actions

BNN Bloomberg

05/18/2023  

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:

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Is it time to stop the comparison between Walmart and Target?

Fox Business

05/17/2023  

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:

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Federer-Backed Shoemaker Drops as Revenue Surge Fails to Impress

yahoo finance

05/16/2023  

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...

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Nike Peers Rocket Up To 95% In 2023. Why Shoemakers Skechers, On Holding, Deckers Are Running Now.

Investor's Business Daily

05/15/2023  

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...

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Remote work driving retail investment in outdoor shopping centers, says CEO Dana Telsey

CNBC

05/12/2023  

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:

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Best Buy doubles down on membership program as sales cool

CNBC

05/11/2023  

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...

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What’s behind Walmart’s DTC selloffs?

Retail Dive

05/03/2023  

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...

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We are beginning to see consumers trade down in retail, says Telsey Advisory Group CEO

CNBC

04/10/2023  

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:

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Walmart banks on stores, robots as it stokes e-commerce

Retail Dive

04/05/2023  

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...

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The expectations for the retail sector have really moderated: Dana Telsey

BNN Bloomberg

04/04/2023  

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:

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Former Bed Bath & Beyond CEO sues over unpaid severance

Retail Dive

04/03/2023  

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...

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Target to close 4 small-format stores this spring

Retail Dive

03/27/2023  

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...

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Nike sales to gain from Adidas-Kanye split, Jordan Retro demand

Reuters

03/20/2023  

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...

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The problem here is the need for Nordstrom to focus on its U.S. business: Advisory Group CEO

CNBC

03/03/2023  

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:

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Target (TGT) Shows Strong Retail Fundamentals & Possibility To Gain Market Share

TD Ameritrade

03/01/2023  

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....

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Dollar Tree sees weak 2023 profit as costs mount, shoppers curb spending

Reuters

03/01/2023  

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...

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Lowe's warns of dull 2023 sales as home improvement market likely to shrink

Reuters

03/01/2023  

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...

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Dollar Tree sales momentum continues in Q4

Retail Dive

03/01/2023  

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...

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Target profits continue to slide as discretionary purchases slow

Retail Dive

02/28/2023  

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....

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Best Buy (BBY) down to market perform at Telsey ahead of 4Q release

StreetInsider.com

02/27/2023  

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...

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Telsey: Expect better retail sales in January, but March numbers will tell the whole story on the sector

CNBC

02/15/2023  

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:

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Shop 'Till You Drop: Retail Stock Picks COST, TGT, WMT, BBBY

TD Ameritrade

02/09/2023  

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 &...

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Bed Bath & Beyond to close all Harmon stores

Retail Dive

01/30/2023  

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...

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Dollar Tree Executive Chairman Dreiling to replace CEO Witynski

Reuters

01/24/2023  

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...

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Amazon to face challenges as COVID-fueled growth normalizes

Investing.com

01/24/2023  

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...

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Party City files for bankruptcy with plans to restructure mounting debt

CNBC

01/18/2023  

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...

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COST & WMT: Potential Consumer Trends For 2023 & How To Trade

TD Ameritrade

01/03/2023  

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...

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Why This Costco Analyst Expects Strong December Sales Figures

Benzinga

12/29/2022  

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...

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Under Armour taps 25-year Marriott veteran Stephanie Linnartz as CEO

Retail Dive

12/22/2022  

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...

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Retail investors should be in brands like Ulta and Ralph Lauren, says pro Dana Telsey

CNBC

12/22/2022  

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:

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Retail analyst Dana Telsey breaks down top retail picks amid holiday shopping season

CNBC

12/19/2022  

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:

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Retail looks beyond its old love — the movies

Retail Dive

12/12/2022  

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...

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Brick and Mortar Makes a Resurgence, ICSC Panelists Say

Commercial Observer

12/07/2022  

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...

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Foot Locker retools C-suite under Mary Dillon

Retail Dive

11/30/2022  

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...

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Telsey: Shoppers will experience a more promotional holiday season this year

CNBC

11/29/2022  

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:

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Retailers on track for record Cyber Monday Adobe Analytics

Reuters

11/28/2022  

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...

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Retailers Prepare for a Muted Shopping Day: Black Friday Update

BNN Bloomberg

11/25/2022  

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...

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How stores ended up with too many (wrong) clothes

NPR

11/25/2022  

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...

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This holiday season will be about in-person shopping, says Telsey Advisory Group CEO

CNBC

11/25/2022  

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:

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Black Friday deals: Why bigger discounts may come next month

BBC News

11/23/2022  

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....

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Consumers are going to shop in record numbers over the holidays, says National Retail Federation CEO

CNBC

11/23/2022  

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:

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We're seeing a lot of pressure on discretionary spending: Joe Feldman

BNN Bloomberg

11/23/2022  

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:

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Notable Women on Wall Street 2022

Crain's

11/21/2022  

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...

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Early Black Friday 'deals' abound, but actual bargains are scarce

Reuters

11/18/2022  

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...

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Retail will see a better Black Friday than last year, but headwinds remain, says retail pro Dana Telsey

CNBC

11/17/2022  

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:

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Macy's Q4 Guide Reflects Caution & Uncertainty Around Consumer Demand, Says Analyst

Benzinga

11/17/2022  

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...

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Kohl’s pulls guidance as it buckles up for discount-heavy holiday season

Retail Dive

11/17/2022  

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...

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Macro Pressures Likely To Weigh On Nordstrom's Inventories And Rack, Says Analyst

Benzinga

11/16/2022  

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...

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Target’s profits tumble again, casting a shadow over the holidays

Retail Dive

11/16/2022  

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...

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Home Depot gives 'mixed signals' with quarterly beat, dim holiday view

Reuters

11/15/2022  

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...

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Is The Housing Market Crashing? What Home Depot Says Is Happening Across The US

Benzinga

11/15/2022  

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...

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Capri Holdings To Be Swayed By Macro Uncertainty & FX Pressure, Says Analyst

Benzinga

11/10/2022  

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...

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Party City to shrink corporate workforce by 19% as consumers pull back

Retail Dive

11/08/2022  

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...

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5 Peloton Analysts Break Down Q1 Sales Miss From Pandemic Stock Favorite

Benzinga

11/04/2022  

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...

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Peloton results to offer clues on impact of turnaround plan

Reuters

11/02/2022  

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...

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Ross opens another 40 stores as footprint tops 2K locations

Retail Dive

10/31/2022  

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...

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This Analyst Expects Solid October Sales Report From Costco

Benzinga

10/28/2022  

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...

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Adidas ends Ye deal over hate speech, costing rapper his billionaire status

Reuters

10/26/2022  

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...

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The Children’s Place gets its second CFO in 2 years

Retail Dive

10/25/2022  

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...

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Nordstrom's CFO Departure 'Surprising' Ahead Of Upcoming Holiday Season, Says Analyst

Benzinga

10/19/2022  

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...

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Two of the largest supermarkets in America are merging

CNN Business

10/16/2022  

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...

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Amazon's Prime Day-like event kick-starts holiday discount frenzy amid high inflation

Reuters

10/11/2022  

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...

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Second strike at Liverpool to add to European port congestion, slow product delivery

CNBC

10/10/2022  

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...

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Retailers are developing a digital footprint for the metaverse, says retail pro Dana Telsey

CNBC

10/04/2022  

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:

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Nike ‘aggressively’ clearing inventory ahead of holidays

Retail Dive

09/30/2022  

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...

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Bed Bath & Beyond (BBBY) Earnings Report Disaster

TD Ameritrade

09/30/2022  

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...

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Nike Stock Is Down 40% This Year Despite Strong Performance: What Will Today's Earnings Call Reveal?

Benzinga

09/29/2022  

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,...

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Costco tops quarterly results on robust consumables demand

Reuters

09/22/2022  

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...

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Kroger (KR) Beats Earnings & How It Compares To TGT, WMT, COST

TD Ameritrade

09/09/2022  

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...

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Teen Clothing Retailers Are Getting Smacked By Inflation, And This Analyst Has A Dire Prediction For One

Benzinga

09/08/2022  

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...

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Bed Bath & Beyond shares fall 18%; company names new CFO

Reuters

09/06/2022  

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...

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Telsey: There’s a real bifurcation between low and high income consumers

CNBC

09/06/2022  

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:

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Cash-Strapped Bed Bath & Beyond Is Taking a Lesson From Best Buy

Bloomberg

09/01/2022  

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...

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Best Buy's sales, profits fall as consumer spending shifts

StarTribune

08/30/2022  

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...

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Dollar General (DG) & Dollar Tree (DTLR): Which Is A Better Stock To Own?

TD Ameritrade

08/26/2022  

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...

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Family Dollar says it plans to cut prices, spruce up stores to meet demand

NBC News

08/25/2022  

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...

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Dollar General adds 436 stores, Dollar Tree cuts prices as discounters vie for shoppers

Retail Dive

08/25/2022  

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...

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Dollar General Likely To Benefit From Inflation Driven Customer Traffic, Says Analyst

Benzinga

08/25/2022  

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...

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The higher income consumer continues to spend, says Telsey Advisory Group’s Dana Telsey

CNBC

08/25/2022  

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:

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Abercrombie cuts sales forecast as Hollister falls out of fashion

Reuters

08/25/2022  

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...

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Nordstrom Stock Plunges After Earnings: 4 Analysts Break Down Q2 Print, Guidance Cut

Benzinga

08/24/2022  

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...

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3 things Gap needs to fix to turn its struggling business around

CNBC

08/24/2022  

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...

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Former Ulta chief Mary Dillon’s arrival as Foot Locker CEO a ‘narrative changer’

Retail Dive

08/19/2022  

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....

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5 Kohl's Analysts On Bloated Inventory, Guidance Cut: 'Fundamentals Are Likely To Get Worse'

Benzinga

08/19/2022  

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...

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Why Walmart entered the streaming wars

ABC News

08/18/2022  

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....

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Kohl's Has 'Competitive Advantages' Via Full-Family Offering, Says This Analyst

Benzinga

08/18/2022  

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...

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Tapestry's Outlook Offers 'An Encouraging Sign,' Says This Analyst

Benzinga

08/18/2022  

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...

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Telsey's Feldman: Retail Sales Tied to Gas Prices

Bloomberg TV

08/17/2022  

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...

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4 Walmart Analysts Raise Price Targets After Q2 Earnings Beat: 'Leader And Market Share Gainer'

Benzinga

08/17/2022  

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...

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Estee Lauder's Conservative Annual Guidance 'Expected,' Says This Analyst

Benzinga

08/17/2022  

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...

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Foot Locker's Q2 Likely To Reflect Sales & Operating Margin Pressure, Says This Analyst (1)

Benzinga

08/15/2022  

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...

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Analysts Positive on Peloton's Ongoing Restructuring, Risk/Reward 'Increasingly Attractive'

StreetInsider.com

08/15/2022  

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...

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Foot Locker's Q2 Likely To Reflect Sales & Operating Margin Pressure, Says This Analyst

Benzinga

08/15/2022  

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...

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Expect retailers to guide to the downside, not the upside, says Dana Telsey

CNBC

08/15/2022  

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:

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What Analysts Are Saying About Amazon's $1.7B iRobot Acquisition Deal

Benzinga

08/08/2022  

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...

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Under Armour warns of margin hit as excess stock spurs discounts

Reuters

08/03/2022  

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...

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After prompt action on inventory, Target is poised for a comeback, analysts say

Retail Dive

08/02/2022  

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...

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Walmart Issues Profit Warning, But These 6 Analysts Remain Optimistic On The Retail Giant

Benzinga

07/26/2022  

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...

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The Weekly Closeout: Tractor Supply names chief marketer and Mattel partners with SpaceX

Retail Dive

07/22/2022  

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...

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Telsey Advisory Group CEO Dana Telsey Says 'You're Going To See A Lot Of Retail Companies Reset Guidance'

Benzinga

07/15/2022  

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...

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Nike college apparel will have 'faster speed to market' with Fanatics deal: Analyst

yahoo finance

07/14/2022  

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...

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Where does Sonia Syngal’s exit leave Gap?

Retail Dive

07/13/2022  

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...

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Read How Telsey Advisory Views Levi Strauss Post Q2 Results

Benzinga

07/11/2022  

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...

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Low-end retailers still facing weakness, says Telsey CEO Dana Telsey

CNBC

07/08/2022  

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:

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'No doubt' supply chain still seeing disruptions, says market expert

Fox Business

07/06/2022  

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:

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Nordstrom leans on off-price Rack for growth and profit

Retail Dive

06/22/2022  

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...

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Telsey Advisory Cuts Nike Price Target - Read Why

yahoo finance

06/22/2022  

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...

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The supply chain ‘has been more the headwind’ for retailers than inflation: Analyst

yahoo finance

06/08/2022  

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:

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Chico’s was ready for its customers in Q1 as sales surged 40%

Retail Dive

06/08/2022  

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...

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Target: 5 Analysts Cut Price Target After The Retailer Lowers Guidance

Markets Business Insider

06/08/2022  

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...

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What Target's Reduced Outlook Signals About the Consumer

Bloomberg TV

06/07/2022  

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:

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Costco Crushes May Comp Sales Expectations, Analysts Impressed

Investing.com

06/03/2022  

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...

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Retail markdowns could be coming as companies tackle excess inventory

Fox Business

06/03/2022  

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...

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Another Enjoy Technology CFO out as it faces cash crisis

Retail Dive

06/02/2022  

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...

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3 Costco Analysts React To Q3 Earnings, Shrinking Margins, Potential Membership Fee Increase

Benzinga

05/30/2022  

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...

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Stores have too much stuff. Get ready for discounts

CNN

05/27/2022  

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...

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Gap Analysts React To Mixed Q1 Earnings: 'Disappointed, But Not Surprised'

Benzinga

05/27/2022  

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...

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Bullish On Costco (COST) & Dollar Tree (DLTR)

TD Ameritrade Network

05/26/2022  

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...

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Watch for retail promotions as we move forward, because inventory levels are building, says Dana Telsey

CNBC

05/26/2022  

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:

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Dick's Sporting Goods (DKS): Earnings Recap, A Long-Term Gainer?

TD Ameritrade

05/26/2022  

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...

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Dick’s sales decline in the face of 119% growth last year

Retail Dive

05/26/2022  

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...

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Foot Locker Forecast Shows It’s Overcoming Nike Pullback

Bloomberg

05/20/2022  

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...

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Bath & Body Works outlook on profit growth turns negative as inflation wears on

Retail Dive

05/19/2022  

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...

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Consumer spending is beginning to moderate, says Dana Telsey

CNBC

05/17/2022  

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:

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Walmart stores expected to post high shopper traffic amid deepening inflation pain

Reuters

05/16/2022  

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...

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100 Most Influential Women in U.S. Finance – Dana Telsey

Barron's

05/06/2022  

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...

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DSW is testing a store layout that puts the spotlight on brands like Adidas, Crocs and Birkenstock

CNBC

05/06/2022  

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”...

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Amazon’s e-commerce retail sales fall 3% in Q1 as consumers return to stores

Retail Dive

04/29/2022  

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...

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Telsey Advisory Group CEO says Gap didn’t switch to reopening wear as quickly as it should have

CNBC

04/22/2022  

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:

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Dana Telsey: After challenging quarter, retail is poised for strong recovery

Money Life with Chuck Jaffe

04/12/2022  

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...

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Citi Exclusively Enlists Women-Owned Broker-Dealers To Lead Distribution Of $2.25 Billion Bond Issuance

Citigroup

03/22/2022  

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...

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As it plots 'significant expansion,' On will partner with Dick's and launch new products

Retail Dive

03/21/2022  

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...

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Nike earnings, consumer sentiment: What to know in markets this week

Yahoo Finance

03/20/2022  

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...

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Unfazed by comp declines, Dollar General eyes deeper expansion

Retail Dive

03/17/2022  

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...

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Stitch Fix stock touches all-time low as styling service’s future growth is in doubt

CNBC

03/09/2022  

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...

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This Year’s 25 Most Inspirational Women Share Insights for the Next Generation

WWD

03/08/2022  

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...

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How Kohl’s is staving off department store death to open 100 new stores

Quartz

03/08/2022  

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...

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Bending to activist pressure, Dollar Tree revamps board

Retail Dive

03/08/2022  

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...

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100 Most Influential Women in U.S. Finance – 2022

Barron's

03/07/2022  

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...

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Macy’s earnings top estimates, retailer says it won’t spin off e-commerce from stores

CNBC

02/22/2022  

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...

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Industry watchers say these are the retail companies with pricing power in an inflationary environment

CNBC

02/16/2022  

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:

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Peloton’s new CEO, Barry McCarthy, says he’s ‘here for the comeback story,’ an internal email shows

CNBC

02/09/2022  

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...

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I think we’re coming back down to life in Amazon’s e-commerce growth, says Joe Feldman

CNBC

02/03/2022  

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:

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Home Depot names Ted Decker CEO

Retail Dive

01/28/2022  

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...

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Big Lots plans to add 500 new stores

Retail Dive

01/11/2022  

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...

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Retailers detail staffing shortages as omicron rages, but investors seeing it as short-term hit

CNBC

01/11/2022  

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...

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Home Depot Was the Best Performer in the Dow. Why the Gains Are Set to Continue Into 2022.

Barron's

12/31/2021  

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...

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Retail Check Up: Restoration Hardware (RH)

Forbes

12/31/2021  

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...

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Read What Telsey Advisory Analysts Think Of Costco's December Sales

Benzinga

12/30/2021  

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...

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Christmas Wrap: Retailers Transcend Headwinds

WWD

12/27/2021  

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...

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Such A Beauty: Here’s Why Wall Street Continues To Love Ulta

Forbes

12/24/2021  

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...

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Store closures slowed after a pandemic shakeout. Now Dollar General, Warby Parker and others see new value in stores

CNBC

12/23/2021  

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...

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Telsey Advisory Group CEO on holiday sales: We're going to have a good season

Fox Business

12/17/2021  

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:

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Dana Telsey sees a buying opportunity in retail stocks, which are trading at a discount

CNBC

12/17/2021  

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...

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4 Lululemon Analysts React To Post-Earnings Weakness: 'Challenging Year In Digital Fitness'

Benzinga

12/13/2021  

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...

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Online delivery is unprofitable. Why are discount chains using it now?

CNN Business

12/13/2021  

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:

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Lululemon's sales and profits surge despite freight costs

Retail Dive

12/10/2021  

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...

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Rent the Runway CEO says it is changing how it buys apparel from brands to boost its profits

CNBC

12/09/2021  

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.”...

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Stitch Fix Stock Tumbles After Q1 Earnings: Analysts React To Subscriber Miss, Guidance Cut

Benzinga

12/08/2021  

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...

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'This is the time where supply chain comes to the fore': Under Armour's COO on 20 months of tumult

Retail Dive

12/03/2021  

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...

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Kroger Stock Jumps After Q3 Earnings: Analysts React To Booming Grocery Demand, Food Inflation

Benzinga

12/03/2021  

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...

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Dana Telsey says there’s a lot of opportunity in reopening names like Abercrombie & Fitch

CNBC

12/03/2021  

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:

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Kay Jewelers parent Signet shares down as investors fear retailer will have trouble sustaining strong growth

CNBC

12/02/2021  

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...

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As inflation hits harder, middle-class shoppers gravitate to dollar stores

NBC News

12/02/2021  

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...

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Allbirds' net loss nearly doubles in Q3

Retail Dive

12/01/2021  

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%...

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In Allbirds, Wall Street begins to build the bull and bear case for an ESG-branded stock

CNBC

11/30/2021  

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...

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Target Will See 11% Rise in Same-Store Sales Over Black Friday, Cyber Monday: Analysts

The Street

11/26/2021  

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...

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'I don't need a new TV, but I'll probably get one'

BBC News

11/25/2021  

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...

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Nordstrom (JWN) & Expectations For Retailers This Holiday Season

TD Ameritrade

11/24/2021  

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...

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Dana Telsey on Black Friday: More goods are being sold full price

CNBC

11/23/2021  

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:

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Dollar Tree pivots to $1.25 prices even as inflation-wary shoppers seek the retailer out

Retail Dive

11/23/2021  

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...

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Retail guru Dana Telsey says supply chain pressures contributed to Nordstrom, Gap shares plummeting

CNBC

11/23/2021  

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:

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Consumers Are Ready to Spend for Holidays, Says Telsey

Bloomberg

11/22/2021  

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:

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Macy's Analysts Break Down Q3 Earnings: 'Potential For New Value Unlocks'

Benzinga

11/19/2021  

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...

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Kohl's enjoys some upside from inventory scarcity

Retail Dive

11/19/2021  

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....

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Telsey: The expectations for the holiday season are moving up

CNBC

11/19/2021  

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:

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Catalogs fill a retail therapy niche for pandemic-weary shoppers

NBC

11/18/2021  

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...

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Telsey Advisory Group Director on Retail

Bloomberg

11/17/2021  

“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:

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Walmart Analysts Break Down Q3 Earnings: 'Well-Positioned To Gain Market Share'

Markets Insider

11/17/2021  

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...

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Home Depot, Lowe's top estimates in Q3

Retail Dive

11/17/2021  

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...

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Some retailers are buying back stocks – and that could be why their earnings are looking strong

CNBC

11/17/2021  

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....

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Santa Claus is coming to town – but at what cost to Walmart and Target?

Reuters

11/15/2021  

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...

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These traditional brands are shifting to a DTC model. Here's how.

Retail Dive

11/11/2021  

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...

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Tractor Supply boasts 22M loyalty members, many of them young and spending money

Business Mayor

10/28/2021  

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),...

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'Better get on it:' Americans jumpstart holiday shopping as supply chain worries persist

yahoo money

10/21/2021  

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...

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The Supply Side: Retailers battle for beauty sales in 2021

Talk Business & Politics

10/16/2021  

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...

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Amazon joins other retailers in pushing early holiday deals

Retail Dive

10/04/2021  

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...

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Costco (COST) Tops FQ4 Estimates, Seen as Another 'Impressive' Quarter

StreetInsider.com

09/24/2021  

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)...

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Highlights from the Ratings and Financial Report for Costco Wholesale Corporation

Newsheater

09/24/2021  

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...

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Nike's Vietnam supply hurdles in focus ahead of quarterly results

Reuters

09/22/2021  

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...

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Costco Could Enter Intermediate Correction

yahoo finance

09/21/2021  

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%...

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Big-Box Retailers Battle for Inventory in Bet on Strong Holiday Sales

The Wall Street Journal

09/16/2021  

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...

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5 Reasons To Love Target Right Now

Forbes

09/16/2021  

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...

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Lululemon shares hit all-time high after monster earnings report

CNBC

09/09/2021  

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...

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Lululemon rallies on earnings beat

CNBC

09/08/2021  

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:

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Signet raises 2021 expectations after comps increase nearly 100%

Retail Dive

09/07/2021  

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...

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Bricks-and-Mortar Stores Are More Essential Than Ever for Retailers, Analyst Dana Telsey Says. These Stocks Are Well-Positioned.

Barron's

09/02/2021  

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...

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Big Lots Stock Hit as Supply Chain Woes Crimp Business

The Street

08/27/2021  

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...

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Supply chain issues lead to holiday season concerns: Expert on retail

CNBC

08/27/2021  

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:

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Dana Telsey and Kimberley Greenberger Detail Their Top Retail Stock Recommendations

The Wall Street Transcript

08/27/2021  

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...

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7 Peloton Analysts Break Down Q4 Earnings: 'Signs Of Softening Demand, Increasing Costs'

Benzinga

08/27/2021  

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...

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5 Nordstrom Analysts Break Down Q2 Earnings: 'Significant Lag Vs. Softline Peers'

Benzinga

08/26/2021  

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....

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Dick's piles on sales gains, eyes more growth with new concepts

Retail Dive

08/26/2021  

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...

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The American consumer is ‘still going strong,’ says Dana Telsey

CNBC

08/20/2021  

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:

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The economy through retail's lens

AXIOS

08/20/2021  

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...

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Bath & Body Works Stock Jumps as Analysts Cheer Earnings

The Street

08/19/2021  

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...

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Kohl's shares surge after earnings top estimates, retailer raises forecast as higher foot traffic drives sales

Business Mayor

08/19/2021  

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...

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Dick’s Sporting Goods Promotes Navdeep Gupta to CFO

The Wall Street Journal

08/19/2021  

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...

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Lowe's comps fall as consumer DIY projects slow

Retail Dive

08/18/2021  

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...

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Macy’s, Kohl’s Earnings May Be a Hit, but the Stocks Aren’t, Says Analyst

Barron's

08/16/2021  

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...

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Retailers begin reporting this week, but the delta variant is a big wild card

CNBC

08/16/2021  

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....

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What to expect from retail earnings this week

yahoo finance

08/16/2021  

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:

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Notable Women Business Owners 2021

Crain's

08/09/2021  

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....

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Bed Bath & Beyond's stores have always been chaotic. Now it's decluttering Marie Kondo-style

CNN Business

07/21/2021  

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...

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'There's nothing like it out there': Dollar General's Popshelf aims to create and conquer a new market

Business Mayor

07/19/2021  

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...

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Burlington poaches Ross exec to fill COO role

Business Mayor

07/16/2021  

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...

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Retail Expert Dana Telsey, CEO of Telsey Advisory Group

SnowShoe

07/15/2021  

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:

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Eye on e-commerce: How brands can succeed as more business moves online

Home Accents Today

07/14/2021  

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....

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Inside Figs’ brand ambassador program of health care professionals

Modern Retail

07/12/2021  

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,...

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Hibbett Analyst: Athletic Goods Retailer Has Different Approach, High Growth Potential

Markets Insider

07/08/2021  

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:

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How Levi’s quarterly earnings compares with other retailers

CNBC

07/08/2021  

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:

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Nike shares surge 15%, hit record high as $50 billion sales outlook tops expectations

CNBC

06/25/2021  

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...

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Nike shares hit record high as sales get post-lockdown boost

New York Post

06/25/2021  

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...

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This year's Prime Day broke sales records

CNN Business

06/23/2021  

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...

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It’s Prime Day: What Wall Street Thinks Of Amazon Stock

TheStreet

06/21/2021  

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.....

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After a year of seismic shifts in online shopping, will Prime Day show Amazon is still king of e-commerce?

NBC News

06/21/2021  

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...

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Grocery stores are excited to charge you higher prices

CNN Business

06/18/2021  

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...

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GameStop’s Wall Street Following Has Dwindled Amid Reddit Frenzy

Bloomberg

06/09/2021  

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...

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Stitch Fix Shares Rip Higher After Q3 Earnings: What Do Analysts Think?

Benzinga

06/08/2021  

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...

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As pandemic wanes, dollar stores regain lost ground, grab new sales

Retail Dive

06/04/2021  

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...

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5 Lululemon Analysts Break Down Q1 Beat: 'Momentum Building At LULU'

Benzinga

06/04/2021  

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...

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Costco Losing Altitude Despite Strong Quarter

Yahoo Finance

05/31/2021  

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...

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Some retailers see the upside to the COVID-19 pandemic

Fox Business

05/28/2021  

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:

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GameStop, AMC extend rallies, gouging short sellers

Yahoo Finance

05/26/2021  

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...

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Nordstrom Shares Pull Back After Q1 Earnings: What Do Analysts Think?

Benzinga

05/26/2021  

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....

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Telsey Advisory Group’s Dana Telsey on what’s behind retail’s record quarter

CNBC

05/26/2021  

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:

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Gap At Major Resistance Ahead of Earnings

Yahoo Finance

05/25/2021  

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...

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North Face Parent VF Drops After Earnings Miss Estimates

TheStreet

05/21/2021  

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...

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Macy's credits speedy vaccinations, pandemic relief for Q1 rebound

Retail Dive

05/19/2021  

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...

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Macy's expected to see some structural traffic headwinds in the near term

Seeking Alpha

05/19/2021  

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...

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Walmart Analysts Break Down Q1 Beat: 'Impressive Results Against Tough Comparisons'

Benzinga

05/19/2021  

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...

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Home Depot outpaces Lowe's in Q1

Retail Dive

05/19/2021  

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...

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3 Analysts Offer Mixed Views On Macy's Q1 Earnings

Benzinga

05/19/2021  

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...

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Dillard's surprises with 73% sales spike

Retail Dive

05/14/2021  

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...

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Bed Bath & Beyond has a plan to stop losing bargain hunters to Amazon and Target

CNN Business

05/10/2021  

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,"...

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Peloton Analysts Bullish After Earnings Beat: 'Recalls Not As Bad As Feared'

Markets Insider

05/07/2021  

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...

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Peloton shares rise as treadmill recall impact not as bad as feared

CNBC

05/07/2021  

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...

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Conference Speaker Sees Booming 2021 After Hardship of 2020

NYSSCPA

05/07/2021  

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,...

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Coursera’s Stock Price Drops Despite Analysts’ Endorsement

IBL News

05/06/2021  

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...

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Costco Testing Key Resistance Level

Yahoo Finance

05/03/2021  

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...

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3 Reasons Costco Could Have Another Blowout Month

Barron's

05/03/2021  

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...

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Retail Check Up: Gap

Forbes

04/29/2021  

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...

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Best Buy COO steps down following banner 2020

Retail Dive

04/29/2021  

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...

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Tractor Supply continues to win over rural America in Q1

Retail Dive

04/26/2021  

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,...

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What rotation? Some winning COVID stocks thrive amid reopening

BNN Bloomberg

04/26/2021  

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...

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From Gently Used Nikes To Rapper-Backed Reeboks, Footwear Moves To Find New Feet

PYMNTS.com

04/19/2021  

“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...

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GameStop shares jump after CEO steps down, ‘Roaring Kitty’ raises stake

CNBC

04/19/2021  

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...

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GameStop (GME) CEO Gets the Axe as Ryan Cohen Continues to Make His Mark, Analyst Says Co. Will Likely Look to Tech Sector for New Hires

StreetInsider.com

04/19/2021  

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...

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GameStop Plan For Stock Sale 'Understandable' — Analyst Says Fundamentals Healthy

Markets Insider

04/06/2021  

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...

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GameStop’s Planned Stock Offering Is a Mixed Blessing

Barron's

04/05/2021  

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...

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GameStop shares cut losses after the Reddit favorite plans a $1 billion stock sale

CNBC

04/05/2021  

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...

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Williams-Sonoma Stock Isn’t Done Rallying, Analyst Says. Why Demand Can Continue After the Pandemic

Barron's

04/01/2021  

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....

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Retail analyst: Home still has room to run

Home Textiles Today

03/30/2021  

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:

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Lululemon continues to expand, it’s a good quarter, says Dana Telsey

CNBC Closing Bell

03/30/2021  

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:

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L Brands gets a boost from stimulus and easing pandemic rules

Retail Dive

03/26/2021  

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...

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Taking the temperature of the home textiles market

Business of Home

03/25/2021  

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...

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GameStop Stock Is Tumbling Because Its Earnings Report Mattered After All

Barron's

03/24/2021  

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...

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There's 'still a place in the video game ecosystem' for GameStop: strategist

Yahoo Finance

03/24/2021  

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:

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GameStop to Release First Earnings Report Since Reddit-Fueled Stock Rally

The Wall Street Journal

03/23/2021  

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...

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How Nike is using DTC and data to expand its empire

Retail Dive

03/23/2021  

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...

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GameStop sales struggle after trading frenzy

BBC News

03/23/2021  

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...

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Loop Capital’s Chukumba on GameStop: ‘This is not a good quarter’

CNBC

03/23/2021  

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...

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GameStop Stock Fell So Much It Had to be Halted. That Didn’t Stop the Selloff.

Barron's

03/15/2021  

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....

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Notable Women on Wall Street 2021

Crain's

03/08/2021  

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...

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100 Women Making Their Mark in the World of Finance

Barron's

03/08/2021  

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...

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Dollar Tree eyes at least 3K locations for rural concept stores

Retail Dive

03/05/2021  

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...

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So long, sweatpants. Americans show signs they’re ready to get dressed up again

CNBC

03/05/2021  

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...

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GAP has a good game plan for the future, moving Old Navy and Athleta online, says Dana Telsey

CNBC Closing Bell

03/04/2021  

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...

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GameStop’s New Mission: Level Up to Its Lofty Share Price

The Wall Street Journal

02/26/2021  

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...

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GameStop Stock Surged Again This Week. Why Analysts Don’t Think It Will Last.

Barron's

02/26/2021  

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...

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GameStop Is Surging Again. And No One Can Say Why.

Barron's

02/24/2021  

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...

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GameStop rallies again; some puzzle over ice cream cone tweet

Reuters

02/24/2021  

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...

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Kroger Reports Customer Data Breach Incident

Yahoo Finance

02/22/2021  

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...

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Looking ahead to retail earnings

CNBC Worldwide Exchange

02/22/2021  

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:

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Walmart investors eye push into advertising, healthcare following pandemic boom

Reuters

02/17/2021  

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...

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Tapestry Stock Has Been On a Tear. How It Can Bag More Gains.

Barron's

02/09/2021  

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...

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Ralph Lauren to shrink office and store footprint as sales remain sluggish

Retail Dive

02/08/2021  

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...

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Nordstrom shares tumble as 2021 sales outlook disappoints, retailer sees bigger shift to Rack

CNBC

02/04/2021  

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...

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Amazon posts a 'monster' Q4 with pandemic still driving demand

Retail Dive

02/03/2021  

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....

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Peloton called a long-term winner by Telsey

Seeking Alpha

02/01/2021  

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...

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Despite record stock surge, GameStop is still struggling to stay afloat

The Washington Post

02/01/2021  

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...

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Why GameStop, A Failing Business, Will See Its Over-Hyped Stock Crash

Forbes

01/30/2021  

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...

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Ralph Lauren Reports Earnings Next Week. Why the Stock Is a Buy Now.

Barron's

01/29/2021  

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...

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What analysts are saying about GameStop as its stock soars

Yahoo Finance

01/29/2021  

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....

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Bed Bath & Beyond Stock Finally Falls. It’s About More Than Just Wall Street Downgrades.

Barron's

01/28/2021  

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...

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GameStop's plunge wipes out US$11B as platforms curb trades

BNN Bloomberg

01/28/2021  

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...

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Supermarket Stocks Are Tumbling as Analysts Remain Skeptical for Now

Barron's

01/28/2021  

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...

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Starbucks’ Sales Disappointed. Analysts Keep Upping Their Targets.

MarketWatch

01/27/2021  

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...

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Joseph Feldman Discusses Volatile Trading In GME

TD Ameritrade

01/25/2021  

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:

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GameStop appears to be the ‘short squeeze of all short squeezes,’ says Telsey analyst Joe Feldman

CNBC

01/25/2021  

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:

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GameStop stock 'way ahead of where it should be': Investor

Fox Business

01/25/2021  

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:

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What the holidays mean for retail in 2021

Retail Dive

01/20/2021  

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...

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American Eagle Outfitters on watch ahead of investor day event

Seeking Alpha

01/19/2021  

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...

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Gaming the system: How GameStop stock surged 1,500% in nine months

ARS Technica

01/19/2021  

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...

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Nordstrom Stock Drops on Holiday Sales, Downbeat Forecast

Barron's

01/14/2021  

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....

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Weak Holiday Sales Weigh On Urban Outfitters Stock

Barron's

01/13/2021  

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...

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Signet’s Holiday Results Could Shine. The Stock Already Shows It.

Barron's

01/11/2021  

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...

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Here’s What to Expect From Major Retailers in the New Year

Barron's

12/29/2020  

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....

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Has Peloton reached the end of its ride?

CNBC Power Lunch

12/23/2020  

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:

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Peloton shares hits all-time high as investors bet Precor deal will ease manufacturing delays

CNBC

12/22/2020  

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...

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Nike Stock Is Soaring Because Wall Street Is Cheering Strong Earnings

Barron's

12/21/2020  

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...

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Nike posts $11B quarter and plans for 30 new stores

Retail Dive

12/21/2020  

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...

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Nike Rallies to All-Time High

Yahoo Finance

12/21/2020  

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...

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