Unstructured Finance

Check Out Line: Mixed financial bag at Talbots

September 8, 2010

talbots1Check out the mixed results at women’s clothing retailer Talbots.

The company posted a higher-than-expected quarterly profit as tighter inventory management boosted margins, but demand lagged analysts’ expectations.

Check Out Line: More quarterly earnings to parse

April 13, 2010

louis1Check out the latest raft of earnings for clues on the U.S. economy’s health.

LVMH, the world’s biggest luxury group, posted a forecast-beating 13 percent increase in same-store sales, helped by a strong rebound in the United States and Europe.

Check Out Line: Power plays in the air

February 17, 2010

walgreen1Check out the power plays going on in the consumer world.

Walgreen said it will buy Duane Reed for $618 million in cash, catapulting the largest U.S. drugstore operator into the top spot in the New York City area. The deal price also includes the assumption of $457 million in debt.

Check Out Line: Quarterly loss and job cuts at Talbots

June 9, 2009

talbots1Check out the quarterly loss and job cuts at women’s apparel retailer Talbots.

Talbots, whose clientele consists mainly of women above 35 years old, reported a first-quarter loss of 23 cents a share, less than half the 49-cent loss analysts had expected.

Check Out Line: Weakness at Talbots

April 14, 2009

talbots1Check out the deeper-than-expected quarterly loss at Talbots.

The women’s apparel retailer posted a fourth-quarter loss of $1.17 a share, excluding one-time items. That was far worse than what analysts polled by Reuters Estimates had expected. Sales fell 16 percent, while sales at stores open at least a year tumbled 25 percent.

Check Out Line-Retail sector racks up more bad news

February 5, 2009

Check out the not-so-chipper news in the retail world.

bk1Restaurant chain Burger King reported lower profits and cut its full-year forecast due to the currency fluctuations, while cosmetics and perfume companies Estee Lauder and Elizabeth Arden rang up lower, albeit better-than-expected, profits and said they would cut jobs.

Check Out Line: Apparel sales shrinking with economy

November 25, 2008

Check Out what the shrinking U.S. economy is doing to apparel sales.

The Paris-based Organization for Economic Cooperation and Development says the U.S. economy has probably slipped into a recession that will last through the middle of 2009.

Check Out Line: Talbots leveling off

August 27, 2008

talbots.jpgCheck out Talbots’ sales forecast.
The struggling women’s apparel retailer said it expects same-store sales to be flat at its namesake stores in the current quarter and down low-to-mid single digits at its J. Jill stores.
That looks like progress, especially at the Talbots’ brand.
But, wait. Hasn’t the weakness in women’s apparel has been going on for some time now. So the glass-half-empty view would be to look at how that forecast compares with a year ago.
Same-store sales at Talbots’ stores fell 8.2 percent last year (and J. Jill same-store sales fell 6.5 percent).
So there might be some improvement coming at Talbots’, but it is off a weak comparison.
Then again, with how women’s apparel has gone lately, flat same-store sales might be a welcome new fashion trend.
Also in the basket:
Dollar Tree posts higher quarterly profit
Brown Shoe 2nd-quarter profit down; cuts outlook
Urban Outfitters Fashion Growth Plan (Wall Street Journal)

Check Out Line: Talbots’ makeover includes board

July 31, 2008

talbots3.jpgCheck out the majority owner of Talbots exerting more control.

The women’s apparel retailer, which has endured hardships in recent months including falling sales, job cuts, an executive departure and a credit problem, said on Thursday that Tsutomu Kajita would become chairman of its board.

Check Out Line: Consumers seek basics; retailers seek mergers

May 21, 2008

eggs.jpgCheck out a busy day for retailers as earnings — or losses — poured in from BJ’s Wholesale, Talbots, Charming Shoppes and Brown Shoe.