NEW YORK, April 22, 2014 /PRNewswire/ --
Today, Analysts Review released its analysts' notes regarding Gap Inc. (NYSE: GPS), L Brands, Inc. (NYSE: LB), Nordstrom Inc. (NYSE: JWN), Abercrombie & Fitch Co. (NYSE: ANF) Buckle Inc. (NYSE: BKE). Private wealth members receive these notes ahead of publication. To reserve complementary membership, limited openings are available at: http://www.AnalystsReview.com/register
Gap Inc. Analyst Notes
On April 10, 2014, Gap Inc. (Gap) reported its monthly sales results for the month of March 2014. Total net sales stood at $1.5 billion for the five-week period ended April 5, 2014. Comparable sales for the month were down 6% versus a 1% decline in March 2013. "While March performance has been challenging, we remain confident in the opportunities ahead," said Glenn Murphy, Chairman and CEO, Gap Inc. For full-year FY 2014, the Company reaffirmed its previous EPS guidance range of $2.90 to $2.95. The full analyst notes on Gap Inc. are available to download free of charge at:
L Brands, Inc. Analyst Notes
On April 10, 2014, L Brands, Inc. (L Brands) released its monthly sales results for the month of March 2014. The Company reported net sales of $923.7 million for the five-week period ended April 5, 2014, compared to net sales of $894.8 million for the five weeks ended April 6, 2013. Comparable store sales went down 1% for the five weeks ended April 5, 2014, which is in line with the Company's expectations. According to the Company, the later Easter timing this year negatively impacted March comparable stores sales by 2 to 3 percentage points. The Company reported net sales of $1.674 billion for the nine weeks ended April 5, 2014, compared to sales of $1.607 billion for the nine weeks ended April 6, 2013. Comparable store sales for the nine weeks ended April 5, 2014 stood flat compared to the nine weeks ended April 6, 2013. The full analyst notes on L Brands, Inc. are available to download free of charge at:
Nordstrom Inc. Analyst Notes
On April 8, 2014, Nordstrom Inc. (Nordstrom) announced that it is planning to open a Nordstrom Rack -the off-price retail division of Nordstrom - in the location of The Shops at River Walk in Bakersfield, California. "We have a lot of stores in California, but until now we haven't had the opportunity to serve customers in Bakersfield," said Geevy Thomas, President of Nordstrom Rack. "This additional location will make it more convenient for customers who have been driving over 100 miles to shop with us. We look forward to bringing them a local store that will offer many of the same great brands we carry at Nordstrom but at significant savings." The Company informed that the approximately 35,000-square-foot store is scheduled to open in spring 2015. According to the Company, the property is being developed by Castle & Cooke, Inc. The full analyst notes on Nordstrom Inc. are available to download free of charge at:
Abercrombie & Fitch Co. Analyst Notes
On April 9, 2014, Abercrombie & Fitch Co. (A&F) announced the appointment of Joanne C. Crevoiserat as the Company's Executive Vice President and CFO. The Company stated that Ms. Crevoiserat is expected to take the new role in May 2014. Mike Jeffries, CEO of A&F said, "Joanne's appointment marks another important step in A&F putting in place the right organization to execute against our long-term strategy, drive improvements in our business, and deliver significant value for shareholders." According to the Company, since 2007, Ms. Crevoiserat has served in a number of senior management roles at Kohl's Inc., and most recently she served as Executive Vice President of Finance and, prior to that, as Executive Vice President of Merchandise Planning and Allocation. The full analyst notes on Abercrombie & Fitch Co. are available to download free of charge at:
Buckle Inc. Analyst Notes
On April 10, 2014, The Buckle, Inc. (Buckle) reported its monthly sales for the month of March 2014. Comparable net sales reported decline of 1.8% for the five-week period ended April 5, 2014, in comparison to comparable store net sales for the five-week period ended April 6, 2013. Net sales were flat at $106.6 million for the five-week fiscal month ended April 5, 2014, compared to net sales of $106.7 million for the five-week fiscal month ended April 6, 2013. Comparable store net sales year-to-date for the nine-week period ended April 5, 2014 decreased 1.6%, in comparison to comparable store net sales for the nine-week period ended April 6, 2013. Net sales for the nine-week fiscal period ended April 5, 2014 increased 0.1% YoY to $196.1 million. The full analyst notes on Buckle Inc. are available to download free of charge at:
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