NEW YORK, Aug. 1 /PRNewswire/ -- Telsey Advisory Group(TM) (TAG),
formed by Dana Telsey, one of Wall Street's leading retail analysts, today
announced the launch of its operations with the initiation of coverage on
38 retail companies. The firm's coverage will focus on four primary
industry sectors: Broadlines, Hardlines, Luxury Goods, and Specialty
Stores. Coverage for the 38 companies is being initiated by Ms. Telsey, a
seven-time #1 ranked analyst by Institutional Investor, and TAG's team of
expert industry analysts.
Following are the companies under coverage, organized by analyst and
Dana Telsey, Broadlines Sector: Federated Department Stores, Inc. (FD),
J.C. Penney Corporation, Inc. (JCP), Kohl's Corporation (KSS), Nordstrom,
Inc. (JWN), Target Corporation (TGT), and Wal-Mart Stores, Inc. (WMT).
Joseph Feldman, Hardlines Sector: Bed Bath & Beyond Inc. (BBBY), Best
Buy Co., Inc. (BBY), Circuit City Stores, Inc. (CC), The Home Depot, Inc.
(HD), Lowe's Companies, Inc. (LOW), Office Depot, Inc. (ODP), PetSmart,
Inc. (PETM), Staples, Inc. (SPLS), and Williams-Sonoma, Inc. (WSM).
James Hurley, Luxury Goods Sector: Blue Nile, Inc. (NILE), Bulgari
S.p.A. (BUL-MIL), Burberry Group plc (BRBY-LON), Coach, Inc. (COH),
Compagnie Financiere Richemont SA (CFR-VTX), Hermes International
(RMS-PAR), LVMH Moet Hennessy Louis Vuitton (MC-PAR), Tiffany & Co. (TIF),
and Tod's SpA (TOD-MIL).
Dana Telsey and Vera Van Ert, Specialty Stores Sector: Abercrombie &
Fitch Co. (ANF), American Eagle Outfitters, Inc. (AEOS), AnnTaylor Stores
Corporation (ANN), Chico's FAS, Inc. (CHS), Gap Inc. (GPS), Hot Topic, Inc.
(HOTT), J. Crew Group, Inc. (JCG), Limited Brands (LTD), Pacific Sunwear of
California, Inc. (PSUN), Ross Stores, Inc. (ROST), The Talbots, Inc. (TLB),
The TJX Companies, Inc. (TJX), Tween Brands, Inc. (TWB), and Urban
Outfitters, Inc. (URBN).
Tom Chin, Director of Analytics, is supporting the entire coverage
universe with development and maintenance of proprietary state-of-the-art
models and valuation methodologies.
The New York-based firm provides the most comprehensive view of the
retail sector available to investors. The firm, which sells its information
and services by subscription, offers company and industry reports,
sophisticated financial models and primary market research. TAG delivers
expert analytical commentary that synthesizes numerous sources, including
financial analysis, extensive channel checking, meetings and discussions
with company managements and industry experts, in-market store and mall
visits, and consumer research.
Because TAG is completely committed to having an independent and
unbiased opinion, it will not be active in brokerage or trading-related
businesses; have investment banking interests in any of the companies it
covers; or issue buy, sell or hold recommendations.
TAG has instead initiated coverage with price targets. "Extensive
research with the buy side indicated price targets were much more useful
than ratings, while company managements believed they would be more
credible. Price targets also enable TAG to react to market conditions
quicker, giving clients a much more timely indication of our view on a
stock," said Kayle Watson, Managing Director of Sales.
TAG subscribers will access reports and models through one of the most
sophisticated and flexible digital publishing systems on Wall Street. The
Web- based system delivers timely research and gives subscribers the unique
ability to customize and personalize the information they seek.
"The demand for high-quality, independent research has never been
greater," said Ms. Telsey, TAG CEO and Chief Research Officer. "TAG is
well- positioned to set a new standard for equity research by delivering
timely, contextual, thought-leading analysis that institutional investors
demand all in one place. We have brought together an exceptional team with
unmatched retail industry and analytical expertise. We are committed to
becoming Wall Street's leading provider of independent research by
delivering the most comprehensive and insightful analysis for nearly every
sector of retailing."
Dana Telsey will hold a conference call for media today from 2:30 to
3:00 P.M. ET to introduce Telsey Advisory Group (TAG). Ms. Telsey will
provide context on TAG's initiation of coverage on 38 companies in the
hardlines, softlines, broadlines, and luxury retail sectors, discuss the
outlook for the retail sectors and provide a look ahead on retail
same-store sales and offer thoughts on the future of independent equity
PARTICIPANT DIAL IN INFORMATION:
Domestic Dial in Phone Number: 888-562-3356
International Dial in Phone Number: 973-582-2700
Conference Call ID Number: 7667060
ABOUT TELSEY ADVISORY GROUP
Telsey Advisory Group, ("TAG") is an independent research firm, founded
by Dana Telsey, a 13-year ranked, seven-time #1 ranked analyst by
Institutional Investor. Ms. Telsey is widely recognized as Wall Street's
leading retail industry expert by the investment community, senior
executives, consultants, advisors to the industry, and the media. TAG is in
the unique position of having the scale of a large research department
along with the objectivity of an independent, as the firm provides no
investment banking or trading services. TAG delivers the best of both
worlds to buy-side investment firms that rely on quality research and
counsel. Telsey Advisory Group is headquartered at 535 Fifth Avenue, 12th
Floor, New York, NY 10017. Phone: 212-973-9700. URL: www.telseygroup.com
Ms. Telsey has followed over 70 companies during her 21-year career and
was the only U.S. based analyst to provide complete analysis of the
European luxury goods sector. From 1994 to 2006, Ms. Telsey was at Bear,
Stearns & Co. Inc. covering the retail sector, most recently as a Senior
Managing Director. Prior to Bear Stearns, Ms. Telsey was the Retail Analyst
at C.J. Lawrence and Vice President of the Baron Asset Fund at Baron
She has appeared as a guest analyst on television shows such as Wall
Street Week, ABC News, The NBC Evening News and The Today Show as well as
regular guest appearances on CNN and CNBC. Ms. Telsey is a regular
contributor to Luxury Briefing, the leading luxury goods industry
publication, and WGSN (Worth Global Style Network), an online research,
trend analysis and news service for the fashion and style industries.
CONTACT: David Zweifler/Danny Charles
G.S. Schwartz & Co.
470 Park Avenue South, 10th Floor
New York, NY 10016
SOURCE Telsey Advisory Group