U.S. Comps Increased 1.3% Last Week - Redbook

Mizuho Securities Reiterates Buy on L Brands (LB) Following August Comp Beat

Mizuho Securities reiterated a Buy rating and $100.00 price target on L Brands (NYSE: LB) following August comps beat. LB reported August comps of +6% vs. +5% LY, and beat consensus +2.3%.

Analyst Betty Chen commented, "We continue to recommend shares of LB following another same-store sales... More

Cowen Remains Bullish on L Brands (LB) Following August Comps

Cowen reiterated an Outperform rating and $100.00 price target on L Brands (NYSE: LB) following the company's August comps.

Analyst Oliver Chen commented, "LB's +6% August comp is above Cowen & St. est. +2.3%, while negatively impacted by ~1-2% from the shift of Labor Day into Sept.... More

Mizuho Securities Remains Neutral on Abercrombie & Fitch (ANF) Following Investor Meetings

Mizuho Securities maintained a Neutral rating and $19.00 price target on Abercrombie & Fitch (NYSE: ANF) following investor meetings in Columbus, OH. ANF remains committed to reducing overall expenses as part of its new corporate culture following a ~$250mm broad-based reduction that has... More

L Brands (LB) Comps Rose 6% in August

L Brands (NYSE: LB) reported net sales of $826.0 million for the four weeks ended Aug. 29, 2015, an increase of 8 percent, compared to net sales of $765.3 million for the four weeks ended Aug. 30, 2014. Comparable store sales increased 6 percent for the four weeks ended Aug. 29, 2015.

The... More

Macy's (M) Debuts Off-Price Retail Brand, Macy’s Backstage

Macy's (NYSE: M) debuts its new off-price retail brand, Macys Backstage, raising the curtain simultaneously on three New York City metro area stores opening in Brooklyn, Queens and Long Island, with three more slated to open in 2015 for a total of six stores. The fourth location will be unveiled in New Hyde Park, Long Island on Sept. 19, with the remaining two in Fordham, Bronx, and West Orange, New Jersey, opening in late fall. With the spotlight cast on stylish savings, fabulous finds and designer deals, Macys Backstage will... More

Upcoming Star Wars Events Provides Catalyst for Target (TGT), Piper Jaffray Says

Piper Jaffray analyst Sean Naughton reiterated an Overweight rating and $91 price target on Target (NYSE: TGT) highlighting upcoming Star Wars merchandise release and special Target in-store events which they see as a catalyst
for continued toy sale momentum.

Start Wars is takes over stores this coming Friday. 207 Target stores (~11.5% of store base) are set to... More

Piper Jaffray Remains Bullish on Costco Wholesale (COST) as FX and Gas Headwinds Worsen

Piper Jaffray reiterated an Overweight rating and $154.00 price target on Costco Wholesale (NASDAQ: COST) as FX and gas headwinds worsen. Analyst Sean Naughton believes that August same store sales results will be impacted by approximately 4.9% negative impact from FX, an incremental 15bp compared... More

FBR Capital Maintains Market Perform on Gap, Inc. (GPS) Following an August SSS Preview

FBR Capital maintained a Market Perform rating and $35.00 price target on Gap, Inc. (NYSE: GPS) following an August SSS Preview. FBR Capital is lowering August GPS SSS estimates to 0.2% (from +0.1% prior), versus consensus of 0.3% and 2% LY. Analyst Susan Anderson assumes slightly lower Gap SSS, reflecting light traffic at Gap Adult and an observed clearance build.

Anderson... More