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
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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:
http://www.AnalystsReview.com/04222014/GPS/report.pdf
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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:
http://www.AnalystsReview.com/04222014/LB/report.pdf
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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:
http://www.AnalystsReview.com/04222014/JWN/report.pdf
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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:
http://www.AnalystsReview.com/04222014/ANF/report.pdf
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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:
http://www.AnalystsReview.com/04222014/BKE/report.pdf
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