Management Transition, Marketing Collaboration, Dividends, License Agreement, and Financial Results - Analyst Notes on lululemon, PVH, Ralph Lauren, G-III Apparel and Oxford
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NEW YORK, June 20, 2014 /PRNewswire/ --
Today, Analysts Review released its analysts' notes regarding lululemon athletica inc. (NASDAQ: LULU), PVH Corp. (NYSE: PVH), Ralph Lauren Corporation (NYSE: RL), G-III Apparel Group, Ltd. (NASDAQ: GIII) and Oxford Industries, Inc. (NYSE: OXM). Private wealth members receive these notes ahead of publication. To reserve complementary membership, limited openings are available at: http://www.analystsreview.com/3933-100free.
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lululemon athletica inc. Analyst Notes
On June 12, 2014, lululemon athletica inc. (lululemon) announced that John Currie, CFO, intends to retire by the end of the fiscal year, while the Company is looking forward to finalize an executive search firm to initiate a search for Currie's replacement in order to ensure a smooth transition. Commenting on the news, CEO Laurent Potdevin said, "On behalf of everyone at lululemon, I want to thank John for his significant contributions to the success of lululemon since he joined the company in 2007. He played an integral role in taking lululemon public more than seven years ago and his role in shaping the direction and performance of the company since then has been vast." The full analyst notes on lululemon are available to download free of charge at:
http://www.analystsreview.com/Jun-20-2014/LULU/report.pdf
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PVH Corp. Analyst Notes
On June 17, 2014, PVH Corp. (PVH) announced a multi-year marketing partnership with Cameron Wilson, winner of 2014 NCAA Division I Individual Golf Champion, for its IZOD Golf brand, and he joins Webb Simpson, Scott Piercy, and Spencer Levin as ambassadors on the Team IZOD. As part of the multi-year agreement, IZOD Golf will serve as Wilson's exclusive apparel sponsor on-course. Mike Kelly, Executive Vice President of Marketing for PVH, said, "We're extremely excited to welcome Cameron into the IZOD family and join our team of golfers. He personifies the IZOD brand - a youthful, All-American guy with a bright future." PVH reported that Wilson, having had transitioned from amateur to professional golfer, will be making his professional debut this week at the Travelers Championship at TPC River Highlands in Cromwell, CT. The full analyst notes on PVH are available to download free of charge at:
http://www.analystsreview.com/Jun-20-2014/PVH/report.pdf
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Ralph Lauren Corporation Analyst Notes
On June 12, 2014, the Board of Directors of Ralph Lauren Corporation (Ralph Lauren) declared a regular quarterly dividend of $0.45 per share on Ralph Lauren's common stock. The dividend is payable on July 11, 2014 to shareholders of record at the close of business on June 27, 2014. The full analyst notes on Ralph Lauren are available to download free of charge at:
http://www.analystsreview.com/Jun-20-2014/RL/report.pdf
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G-III Apparel Group, Ltd. Analyst Notes
On June 16, 2014, G-III Apparel Group, Ltd. (G-III Apparel) entered into a multi-year wholesale license agreement with UK based Overland Ltd. for the sale of men's, women's, and children's footwear under G.H. Bass and related brands in Europe, marking the second license the Company entered into since its acquisition of G.H. Bass from PVH Corp. Overland intends to sell the footwear to department and specialty stores, coupled with a companion agreement which enables Overland to operate retail locations throughout Europe. Morris Goldfarb, Chairman, CEO and President of G-III Apparel, said, "We are pleased to partner with a best in class organization such as Overland to bring this American heritage brand into the global market." Earlier in 2014, G-III Apparel also announced a multi-year license with PVH Corp. for G.H. Bass better men's sportswear for department store distribution throughout North America. The full analyst notes on G-III Apparel are available to download free of charge at:
http://www.analystsreview.com/Jun-20-2014/GIII/report.pdf
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Oxford Industries, Inc. Analyst Notes
On June 10, 2014, Oxford Industries, Inc. (Oxford) reported its Q1 FY 2014 financial results (period ended May 3, 2014). Consolidated net sales increased 10.0% YoY to $257.6 million. Net earnings were registered as $15.0 million, or $0.91 per diluted share, compared with $13.6 million, or $0.82 per diluted share, in Q1 FY 2013. For Q2 FY 2014, Oxford expects net sales between $245 million and $255 million. Thomas C. Chubb III, CEO and President, said, "Investment in the expansion of these great brands, Tommy Bahama and Lilly Pulitzer, remains our key strategic focus. At the same time, we continue to look to Lanier Clothes for strong cash flow and believe Ben Sherman is properly positioned to deliver improved results during the remainder of the year." The full analyst notes on Oxford are available to download free of charge at:
http://www.analystsreview.com/Jun-20-2014/OXM/report.pdf
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