GME has diversified into digital, mobile, and collectibles as physical gaming has declined “If we sit here and reflect as we think about the decline in physical gaming of almost 40% from its peak in 2008 and 2016, our strategy … Continued
Both Average selling price and units up for footwear Maintaining the trend of recent quarters, both average selling prices and units were up in footwear during the quarter, while in apparel, ASPs were up and units were down reflecting our … Continued
The market is full of excess inventory and the fourth quarter will be very promotional the market is full of excess inventory now. There’s a tremendous amount of availability in the market more than there normally would be. So in … Continued
Old Navy brand has performed well “I think the return to improved performance that we’ve seen at Old Navy is validation. It’s validation that we can, once again, move the brand to a market share gaining position, validation of the … Continued
Shift to digital remains a retail trend to which Target continues to adapt “Digital sales grew more than 60% in the second quarter on top of 30% growth last year… In the second quarter, we launched a brand new fully … Continued
Ross Stores (ROST) CEO Barbara Rentler said annual sales rose albeit at a decelerating pace from the previous year “Earnings per share for the fourth quarter grew 10% to $0.66 on net earnings that rose 6% to $264 million. Sales … Continued
Arguably the most important retail trend of the last 10 years has been the emergence of fast fashion retailers. Inditex (Zara), H&M and Forever 21 have seen explosive growth to the extent that Inditex’s founder is now wealthier than Warren … Continued
In an interesting moment yesterday, Bill Ackman said that he believes that he could realize a 10-15x return on his JC Penney investment. In order to get a sense of what this means, below is a table comparing the market … Continued
Below is a comp table for a few specialty apparel retailers that I put together. Similar to CMG, it’s pretty amazing to see the value that the market puts on Lululemon relative to the current size of its business. LULU has … Continued
Retail sales were reported this morning for June and were weak again. For the third straight month, retail sales declined, which is a reasonably rare occurrence. Since 1992, there have been 4 periods that retail sales have declined in three … Continued