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Apparel Stores Industry Announced Earnings Results, Earnings Estimates, Regulatory Filings and Appointments - Research Report on Gap, Guess, Rue21, Ann Taylor, and Jos. A Bank Clothiers

Editor Note: For more information about this release, please scroll to bottom.


News provided by

Investors' Reports

Aug 30, 2013, 08:00 ET

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NEW YORK, August 30, 2013 /PRNewswire/ --

Today, Investors' Reports announced new research reports highlighting Gap Inc. (NYSE: GPS), Guess' Inc. (NYSE: GES), rue21, inc. (NASDAQ: RUE), Ann Inc. (NYSE: ANN), and Jos. A Bank Clothiers Inc. (NASDAQ: JOSB). Today's readers may access these reports free of charge - including full price targets, industry analysis and analyst ratings - via the links below.

Gap Inc. Research Report  

On August 22, 2013, Gap Inc. (Gap) announced that its Board of Directors intends to raise the Company's annual dividend per share from $0.60 to $0.80, beginning in Q3 FY 2013. Gap informed that this represents a 60% increase over the full-year FY 2012 dividend per share of $0.50. Additionally, Gap also stated that the Board has approved a dividend of $0.20 per share for Q3 FY 2013, payable on or after October 30, 2013 to shareholders of record at the close of business on October 16, 2013. According to the Company, its dividend has grown from $0.02 to $0.20 per quarter in the past 9 years, and Gap has returned over $14 billion to shareholders through share repurchases and dividends during the same period. The Full Research Report on Gap Inc. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.investorsreports.com/report/2013-08-28/GPS]

--

Guess' Inc. Research Report

On August 21, 2013, Guess' Inc. (GUESS) announced that Michael Relich has been appointed as the Chief Operating Officer of the Company, with global responsibility. According to the GUESS, Mr. Relich will report to Paul Marciano - Co-founder and CEO of GUESS. The Company informed that prior to his new role, Mr. Relich served as Chief Information Officer for GUESS for nine years and has handled global responsibilities in a number of areas, including IT, Distribution/Logistics, E-Commerce and Strategic Planning . Paul Marciano commented, "I believe, more than ever, that the integration of technology, speed, and brand synergy is vital for our success.  Michael's proven experience in these areas makes him a great fit as our new Chief Operating Officer." The Full Research Report on Guess' Inc. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.investorsreports.com/report/2013-08-28/GES]

--

rue21, inc. Research Report

On August 20, 2013, rue21, inc. (rue21) announced that it has filed its definitive proxy materials with the Securities and Exchange Commission (SEC) related with the Company's proposed acquisition by funds advised by Apax Partners. Rue21 informed a special meeting of rue21's stockholders to consider and vote on the acquisition will be held on September 19, 2013 at 9:00 a.m. ET at the Company's headquarters. The Company also informed that rue21's stockholders of record as of the close of business on August 5, 2013 will be entitled to vote in the special meeting.  This move of the Company comes in connection to an earlier announcement dated May 23, 2013, wherein the Company reported a definitive agreement, which entitles funds advised by Apax Partners to acquire all outstanding shares of rue21 for $42.00 per share in cash. The Full Research Report on Ross Stores Inc. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.investorsreports.com/report/2013-08-28/RUE]

--

Ann Inc. Research Report

On August 23, 2013, Ann Inc. (Ann Taylor) reported its financial results for Q2 FY 2013 (period ended August 3, 2013) with net sales up by 7.3% YoY to $638.2 million. Net income was $35.6 million or $0.76 per diluted share, in Q2 FY 2013, compared to net income of $30.7 million or $0.63 per diluted share, in Q2 FY 2012. President and CEO, Kay Krill commented, "I am especially pleased to report that both Ann Taylor and LOFT achieved positive comparable sales and strong profitability in a highly challenging and competitive environment.  In fact, the Ann Taylor brand generated its fifth consecutive quarter of positive comps.  At the LOFT brand, performance was significantly stronger than first quarter with a positive comp on top of last year's mid-single-digit comp growth." The Company expects full-year FY 2013 total net sales to be $2.5 billion. The Full Research Report on Ann Inc. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.investorsreports.com/report/2013-08-28/ANN]

--

Jos. A Bank Clothiers Inc. Research Report

On August 15, 2013, Jos. A Bank Clothiers Inc. (Jos. A Bank Clothiers) announced that earnings for Q2 FY 2013 (period ended on August 3, 2013) are expected to be $0.49 to $0.53 per diluted share, compared with $0.83 per diluted share in the Q2 FY 2012.The company stated that actual results will depend on, among other things, adjustments that may arise from the normal quarter-end processing. President and CEO, R. Neal Black commented, "While our total Sales declined in the second quarter of fiscal 2013, we achieved stability in our gross profit margin rate. Customers did not respond as well to some of our highly promotional, high sales volume marketing campaigns as they did in the prior year and total sales declined approximately 11% in the quarter, primarily during these promotional peaks. Day to day sales on the non-promotional portion of our business in stores increased during the quarter. As we implemented new marketing strategies, we were conservative with our marketing expenditures which enabled us to improve our marketing efficiency during the quarter."  The Full Research Report on Jos. A Bank Clothiers Inc. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.investorsreports.com/report/2013-08-28/JOSB]

----

EDITOR NOTES:

  1. This is not company news. We are an independent source and our views do not reflect the companies mentioned.
  2. Information in this release is fact checked and produced on a best efforts basis and reviewed by a CFA. However, we are only human and are prone to make mistakes. If you notice any errors or omissions, please notify us below.
  3. This information is submitted as a net-positive to companies mentioned, to increase awareness for mentioned companies to our subscriber base and the investing public.
  4. If you wish to have your company covered in more detail by our team, or wish to learn more about our services, please contact us at [email protected].
  5. For any urgent concerns or inquiries, please contact us at [email protected].
  6. Are you a public company? Would you like to see similar coverage on your company? Send us a full investors' package to [email protected] for consideration.

COMPLIANCE PROCEDURE

Content is researched, written and reviewed on a best-effort basis. This document, article or report is prepared and authored by Equity News Network. An outsourced research services provider has, through Chartered Financial Analysts, only reviewed the information provided by Equity News Network in this article or report according to the Procedures outlined by Equity News Network. Equity News Network is not entitled to veto or interfere in the application of such procedures by the outsourced provider to the articles, documents or reports, as the case may be.

NOT FINANCIAL ADVICE

Equity News Network makes no warranty, expressed or implied, as to the accuracy or completeness or fitness for a purpose (investment or otherwise), of the information provided in this document. This information is not to be construed as personal financial advice. Readers are encouraged to consult their personal financial advisor before making any decisions to buy, sell or hold any securities mentioned herein.

NO WARRANTY OR LIABILITY ASSUMED

Equity News Network is not responsible for any error which may be occasioned at the time of printing of this document or any error, mistake or shortcoming. No liability is accepted by Equity News Network whatsoever for any direct, indirect or consequential loss arising from the use of this document. Equity News Network expressly disclaims any fiduciary responsibility or liability for any consequences, financial or otherwise arising from any reliance placed on the information in this document. Equity News Network does not (1) guarantee the accuracy, timeliness, completeness or correct sequencing of the information, or (2) warrant any results from use of the information. The included information is subject to change without notice.

InvestorsReports.com

SOURCE Investors' Reports

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