Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Speculating in Takeover Targets -- Ignore unavailable to you. Want to Upgrade?

To: richardred who wrote (2599)	1/9/2011 10:16:58 AM
From: richardred	Respond to of 7256

American Eagle stock rises despite dip in holiday sales Friday, January 07, 2011 4:10 AM (Source: Pittsburgh Post-Gazette)trackingBy Teresa F. Lindeman, Pittsburgh Post-Gazette Jan. 07--American Eagle Outfitters saw its stock price drop in early trading Thursday, then surge almost $2 a share and finally settle at $15.05, up 4 percent, when the markets closed. The South Side teen retail chain lately has played the role of the bright kid who keeps messing up, while investors seem inclined to believe that it'll figure things out sooner or later. Or perhaps consider a private equity takeover. Before the market opened Thursday, the company said it had not had the holiday season that officials were hoping for. Sales in stores open at least a year fell 11 percent. Total sales during the five weeks ended Jan. 1 were down 6 percent to $499 million. "With the exception of men's and women's denim, most key holiday categories were well below plan," said Judy Meehan, vice president of investor relations, in a recorded sales commentary. She said that led to additional discounts. Dow Jones reported Thursday that American Eagle had cancelled its planned presentation at the ICR XChange investor conference next week so it could focus on its business. The news was unwelcome from a retailer that has been working on a turnaround for a couple of years, with a combination of the recession and fashion issues providing regular challenges. Sales gains in the back-to-school season were followed by the lackluster holiday numbers. The company had projected earnings from continuing operations for the quarter ended Jan. 29 would be between 43 and 46 cents per share, but is now guiding to a range of 41 to 43 cents. There was grumbling. "The problem with AEO, in our view, is the inconsistency," wrote analyst Liz Dunn, at FBR Capital Markets, in a report lowering her quarterly earnings estimate. "The company cannot seem to string together a solid performance for more than a few months at a time. And with key competitors continuing to drive business with price, it is difficult for American Eagle Outfitters to be less promotional." Rival Abercrombie & Fitch has pushed more discounts this holiday season. On Thursday, the New Albany, Ohio, retailer reported a 15 percent increase in sales at stores open at least a year. Aeropostale, a lower-priced teen clothing chain, reported a 5 percent drop. "Both AEO and ARO continued to show signs that they may be struggling to hold ground to more promotional competitors," said analysts Adrienne Tennant and Simeon Siegel, with Janney Capital Markets, in a report issued Thursday. The believers have hung in there, perhaps hoping the team at the South Side headquarters will come up with fashion home runs that convince the teen crowd to buy more than jeans. "With AEO's more than $3 per share in cash on the balance sheet and a still decent brand, we believe that the stock has limited downside from here," said Ms. Dunn. Teresa F. Lindeman: tlindeman@post-gazette.com or 412-263-2018. istockanalyst.com

To: richardred who wrote (2599)	5/21/2019 11:01:49 AM
From: richardred	Respond to of 7256

Stein Mart Launches In-Store Package Pickup and Returns with Amazon Hub Locker Amazon customers will soon be able to receive secure, convenient delivery at nearly 200 Stein Mart stores 21 mai 2019 09h30 HE \| Source : Stein Mart, Inc. JACKSONVILLE, Fla., May 21, 2019 (GLOBE NEWSWIRE) -- Stein Mart (NASDAQ: SMRT) today announced that it is installing Amazon Hub Lockers in nearly 200 of its stores across 28 states. Amazon Hub Lockers are secure, self-service kiosks that provide customers of the online retailer an alternative delivery option to pick up and return their Amazon packages. “We are thrilled to offer this innovative delivery experience to Amazon customers while introducing new shoppers to Stein Mart,” said Hunt Hawkins, Stein Mart’s chief executive officer. "Customer service and convenience are top priorities at Stein Mart, and the ability to give both to Amazon customers was a big factor in our decision to introduce this program.” “Amazon will go where our customers are and deliver where and when they need us,” explains Patrick Supanc, Amazon Worldwide Director of Lockers and Pickup. “Rolling out Amazon Hub Lockers with Stein Mart is a great opportunity to provide a seamless shopping and delivery experience for our joint customers.” Shipping to an Amazon Hub Locker at Stein Mart is easy, secure and available at no additional cost. During checkout, customers will select a Locker at the nearest Stein Mart as their shipping address. Once their package is ready for pickup, customers will receive an e-mail along with a barcode that they’ll use to pick up their package during store hours. Lockers will be available by early June. About Stein Mart: Stein Mart, Inc. is a national specialty off-price retailer offering designer and name-brand fashion apparel, home décor, accessories and shoes at everyday discount prices. Stein Mart provides real value that customers love every day both in stores and online. The Company operates 283 stores across 30 states. For more information, please visit www.SteinMart.com.