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On today’s episode of Shopping for Stocks, Editor Maddy Johnson covers a busy past week or so in the retail industry, giving listeners a rundown of the biggest stories as Q1 earnings season winds down.
One of the biggest stories to rock the industry was arguably Coach’s announcement that it is buying rival Kate Spade in a deal worth $2.4 billion. Coach is an iconic American luxury retailer, and scooping up a fun, flirty, and younger brand like Kate should help the company during a time when it’s trying to transform itself and its image.
Abercrombie & Fitch (ANF - Free Report) is also reportedly looking for a buyout offer. Last week, Reuters reported that the struggling mall retailer hired an investment bank to field potential takeover interest, though there is no certainty any deal will occur.
Switching gears, Macy’s (M - Free Report) reported dismal first quarter results last Thursday, and the entire retail industry seemingly faced a massive sell-off as a result. Everyone from JCPenney and Sears (SHLD - Free Report) to Ralph Lauren (RL - Free Report) and Gap (GPS - Free Report) were down that day.
But not every retailer is struggling. Home Depot (HD - Free Report) just reported a killer first-quarter earnings report, beating both top and bottom line estimates, and some companies are even expanding their store count, not shrinking it, reflecting certain aspects of the retail industry that are thriving.
As a reminder, if you feel that something was missed, or if you want a different topic covered, send an email to podcast@zacks.com. Make sure to check out all of our other audio content at zacks.com/podcast, and remember to subscribe and leave a rating on iTunes.
Thanks for listening to this week’s episode of Shopping for Stocks!
5 Trades That Could Profit "Big-League" from Trump Policies
If the stocks above spark your interest, wait until you look into companies primed to make substantial gains from Washington's changing course.
Today, Zacks reveals 5 tickers that could benefit from new trends like streamlined drug approvals, tariffs, lower taxes, higher interest rates, and spending surges in defense and infrastructure. See these buy recommendations now >>
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Retail Rundown: Coach-Kate Spade Deal, A&F Buyout, Q1 Earnings, Expansion?
On today’s episode of Shopping for Stocks, Editor Maddy Johnson covers a busy past week or so in the retail industry, giving listeners a rundown of the biggest stories as Q1 earnings season winds down.
One of the biggest stories to rock the industry was arguably Coach’s announcement that it is buying rival Kate Spade in a deal worth $2.4 billion. Coach is an iconic American luxury retailer, and scooping up a fun, flirty, and younger brand like Kate should help the company during a time when it’s trying to transform itself and its image.
Find out more here: After Months of Rumors, Coach is Buying Kate Spade for $2.4 Billion
Abercrombie & Fitch (ANF - Free Report) is also reportedly looking for a buyout offer. Last week, Reuters reported that the struggling mall retailer hired an investment bank to field potential takeover interest, though there is no certainty any deal will occur.
Read more here: Shares of Abercrombie & Fitch Pop on Takeover Interest
Switching gears, Macy’s (M - Free Report) reported dismal first quarter results last Thursday, and the entire retail industry seemingly faced a massive sell-off as a result. Everyone from JCPenney and Sears (SHLD - Free Report) to Ralph Lauren (RL - Free Report) and Gap (GPS - Free Report) were down that day.
Check out the madness here: As Macy’s Stumbles After Earnings, It’s Bringing Other Retailers Down With It
But not every retailer is struggling. Home Depot (HD - Free Report) just reported a killer first-quarter earnings report, beating both top and bottom line estimates, and some companies are even expanding their store count, not shrinking it, reflecting certain aspects of the retail industry that are thriving.
Check it out here: What Retail Apocalypse? These Stores are Expanding, Not Closing
As a reminder, if you feel that something was missed, or if you want a different topic covered, send an email to podcast@zacks.com. Make sure to check out all of our other audio content at zacks.com/podcast, and remember to subscribe and leave a rating on iTunes.
Thanks for listening to this week’s episode of Shopping for Stocks!
5 Trades That Could Profit "Big-League" from Trump Policies
If the stocks above spark your interest, wait until you look into companies primed to make substantial gains from Washington's changing course.
Today, Zacks reveals 5 tickers that could benefit from new trends like streamlined drug approvals, tariffs, lower taxes, higher interest rates, and spending surges in defense and infrastructure. See these buy recommendations now >>