Nike’s Reliance on Wholesale a Top Risk Despite Digital Growth
Optimism that was building up leading into earnings has been deflated following weaker than expected fourth quarter results and a disappointing 1H21 outlook. While digital sales growth served as a silver lining, investors are zeroing in on the 38% sales drop and surprise earnings loss.
Dick’s Sporting Goods is Stepping Up Its Sneaker Game
Strong online growth and positive sneaker trends are setting up the sports retailer for future gains, according to Cowen analyst John Kernan. The firm upgraded shares of Dick’s Sporting Goods to OUTPERFORM from MARKET PERFORM, with a price target increase to $50 (from $36).
Etsy is “Crafting” Its Way Higher: RBC
Shares of Etsy are up 120% year-to-date, benefiting from a herd of consumers that rushed to the e-commerce company’s website for masks and other goods. With expectations that many of the new buyers who purchased from Etsy for the first time will become repeat customers, RBC analyst Shweta Khajuria raised her price target for the stock to $117, up from $79, on Monday evening.
Lululemon Remains a Favorite Among Analysts After Earnings
Lululemon shares pulled back following a mixed earnings report, but analysts are rallying around the athletic-wear company and calling it a best-of-class specialty retailer.
Better Coffee Play: Starbucks or Dunkin’?
Starbucks vs. Dunkin’: Lower price points and higher drive-thru availability could give Dunkin’ an edge if social distancing measures persist and economic fallout from COVID-19 persists.
Chewy Shares Have the Bite to Match the Bark
Chewy had a lot to prove in order to match Wall Street’s elevated expectations heading into its earnings report and the pet e-tailer lived up to the hype.
Is Stitch Fix the Future of Retail? The Jury Is Still Out
Stitch Fix missed across the board when it delivered its quarterly earnings report on June 8. The data-driven personal styling company generated net revenue of $371.7 million, a drop of 9.1% from last year, even as the pandemic accelerated consumer adoption of online shopping.
Amazon Price Target Raised to a Street High $3,300 by RBC Despite "Disturbing" Trend
Online Retail is a “Structural Winner from the COVID Crisis” and Amazon is likely the best global play off of Online Retail, according to RBC analyst Mark Mahaney.
Foot Locker Desperate for the Return of Malls and Basketball
Basketball is at the core of Foot Locker’s business and malls are the key to getting the latest sneakers into the hands of consumers. The pause of basketball across the country, combined with anemic foot traffic to malls, is putting massive pressure on the sports retailer’s business.
Home Improvement Trends Offer Positive Sign for Lowe’s, Home Depot
Not all retailers are created equally. While companies including JCPenney, J.Crew, and Neiman Marcus have filed bankruptcy in the wake of COVID-19, Home Depot and Lowe’s have navigated the pandemic largely unscathed as homeowners take on DIY projects.