Mar
27
Tiffany (TIF) lowered earnings guidance in each quarter of 2012. The most recent guide down came when the company posted disappointing holiday comparable sales numbers and suggested fourth-quarter earnings would come in at the low end of the expected range (the low end was $1.35 a share). Well, EPS came in above that range at …
Jan
08
This article appeared on thestreet.com Dec 31 Omnichannel has to be the retail buzzword of 2012. Funny, for as often retailers refer to the word, not many investors seem to really know what it means. If you google “omnichannel” a simple Wikipedia explanation: “A seamless approach to the consumer experience through all available channels, ie …
Dec
27
This article was published on the street.com Real Money MasterCard (MA) just released holiday sales figures and it’s not pretty. Sales increased 0.7%, the worst since the depths of the 2008 recession. ShopperTrak chipped away at estimates before Christmas (reduced to 2.5% from 3.3%), but clearly not enough. Warning to investors: Never assign much weight …
Dec
23
Retailers Forgot the “Super” in Super Saturday Nowhere was the traffic void this weekend more evident than the Saks Flagship store in NYC (~20% company sales). Just Wednesday I warned on Street Signs “Battle of the Retailers” Battle of Retailers business at Saks seemed particularly slow going into holiday. The level of markdown inventory the …
Dec
02
This article was also published on Real Money The Street.com 11/29/2012 When a company starts off the year telling you about a back-half-weighted story, a huge red flag should go up. Tiffany (TIF) was a back-half story, then it was a Q4 story. Now it is REALLY a Q4 story after the company brought the …
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