Official Statements, Agreements, Sales Results, and Earnings Reports from Retail Stores - Research Report on J.C. Penney, Macy's, L Brands, TJX, and Sears Holdings
NEW YORK, August 14, 2013 /PRNewswire/ --
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Today, Investors' Reports announced new research reports highlighting J.C. Penney Company, Inc. (NYSE: JCP), Macy's, Inc. (NYSE: M), L Brands Inc. (NYSE: LTD), The TJX Companies, Inc. (NYSE: TJX), and Sears Holdings Corporation (NASDAQ: SHLD). Today's readers may access these reports free of charge - including full price targets, industry analysis and analyst ratings - via the links below.
J.C. Penney Company, Inc. Research Report
On August 8, 2013, J.C. Penney Company, Inc. (J.C. Penney) reported that Thomas Engibous, Chairman of the Board of J.C. Penney, responded to the public disclosure of a letter to the Board of Directors from William Ackman, Head of the investment firm, Pershing Square Capital Management, L.P. and a J. C. Penney Director. On behalf of the Board of Directors, Mr. Engibous said, "The Board of Directors strongly disagrees with Mr. Ackman and is extremely disappointed that his letter was released to the media at the same time that it was sent to the Board." Further, on August 9, 2013, Mr. Thomas issued the following statement, "The Board is focused on the important work of stabilizing and rejuvenating the business. It is following proper governance procedures, and members of the Board have been fully informed and are making decisions as a group. This includes the CEO search process, which is being conducted at an appropriate pace. The Board also continues to actively oversee management as it conducts the important work underway to rebuild the Company. Mr. Ackman's statements are misleading, inaccurate and counterproductive." The Full Research Report on J.C. Penney Company, Inc. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.InvestorsReports.com/report/2013-08-12/JCP]
Macy's, Inc. Research Report
On August 7, 2013, Macy's, Inc. (Macy's) announced that it has formally entered into an agreement with LIDS Sports Group, a subsidiary of Genesco Inc., to open licensed team merchandise departments in Macy's stores nationwide and online under the name Locker Room by Lids. Jeff Gennette, Chief Merchandising Officer of Macy's, stated, "With Locker Room by Lids in hundreds of Macy's stores, we also are strengthening Macy's status as a destination for activewear. These new teamwear departments will complement our established assortments in active apparel and accessories, as well as athletic footwear now being supplied to Macy's customers in partnership with Finish Line." The Full Research Report on Macy's, Inc. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.InvestorsReports.com/report/2013-08-12/M]
L Brands Inc. Research Report
On August 8, 2013, L Brands Inc. (L Brands), formerly Limited Brands, Inc., released its July 2013 sales results. Comparable store sales were up 3% in July 2013, compared to 12% in July 2012. Net sales were up 4.9% YoY to $2.5 billion in Q2 2013, while year-to-date net sales increased 5.1% YoY to $4.8 billion. L Brands expects EPS of approximately $0.60 in Q2 2013, compared to its previous guidance of $0.50 to $0.55. The Company's Board of Directors also declared a regular quarterly dividend of $0.30 per share, payable on September 6, 2013, to shareholders of record at the close of business on August 23, 2013. The Full Research Report on L Brands Inc. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.InvestorsReports.com/report/2013-08-12/LTD ]
The TJX Companies, Inc. Research Report
On August 6, 2013, The TJX Companies, Inc. (TJX) announced that it will release its Q2 FY 2014 financial results on Tuesday, August 20, 2013, before 9:30 a.m. ET. TJX CEO Carol Meyrowitz will host a conference call with the financial community for the discussion of the Company's Q2 FY 2014 financial results on the same day at 11:00 a.m. ET. The Company reported that the real-time webcast of the conference will be available to the public through its website. The replay of the call can be accessed by dialing (866) 367-5577 until Tuesday, August 27, 2013. The Full Research Report on The TJX Companies, Inc. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.InvestorsReports.com/report/2013-08-12/TJX]
Sears Holdings Corporation Research Report
On August 6, 2013, Sears Holdings Corporation (Sears Holdings) announced that it intends to release its Q2 FY 2013 financial results before the market opens on or about August 22, 2013. Sears has not provided further details regarding the discussion of its Q2 2013 financial results. The Full Research Report on Sears Holdings Corporation - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.InvestorsReports.com/report/2013-08-12/SHLD]
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