Analysts at Deutsche Bank Securities report on the performance of Specialty Retailing Industry this month.
In a research note published this morning, the analysts mention that based on 200+ stores holiday survey and scores of store visits, it is expected that the strength of Black Friday/Saturday and Cyber Monday to offset a part of Europe driven macro concerns. The analysts believe that November industry SSS consensus looks achievable to the least on Thursday. Irrespective of the solid sales, the analysts are watchful of the heavy inventory given warm temps. The analysts find gross margins to be the line item look for. 4Q consensus already looks for -140 bp y/y, so perhaps ‘low enough’. Anthro./Urban (Buy, $25.20) screened better in our checks, Abercrombie (Hold, $44.64) /Hollister less so, the analysts add.
Read More On : Specialty Retailing Industry to Achieve the November SSS Consensus At Least
In a research note published this morning, the analysts mention that based on 200+ stores holiday survey and scores of store visits, it is expected that the strength of Black Friday/Saturday and Cyber Monday to offset a part of Europe driven macro concerns. The analysts believe that November industry SSS consensus looks achievable to the least on Thursday. Irrespective of the solid sales, the analysts are watchful of the heavy inventory given warm temps. The analysts find gross margins to be the line item look for. 4Q consensus already looks for -140 bp y/y, so perhaps ‘low enough’. Anthro./Urban (Buy, $25.20) screened better in our checks, Abercrombie (Hold, $44.64) /Hollister less so, the analysts add.
Read More On : Specialty Retailing Industry to Achieve the November SSS Consensus At Least
No comments:
Post a Comment