Product Offerings, Financial Results, Dividends, Proposed Acquisitions and Management Transitions - Research Report on Nordstrom, Kohl's, The Children's Place, Guess' and rue21
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NEW YORK, August 27, 2013 /PRNewswire/ --
Today, Analysts' Corner announced new research reports highlighting Nordstrom Inc. (NYSE: JWN), Kohl's Corp. (NYSE: KSS), The Children's Place Retail Stores, Inc. (NASDAQ: PLCE), Guess' Inc. (NYSE: GES), and rue21, Inc. (NASDAQ: RUE). Today's readers may access these reports free of charge - including full price targets, industry analysis and analyst ratings - via the links below.
Nordstrom Inc. Research Report
On August 21, 2013, Nordstrom Inc. (Nordstrom) announced that its Board of Directors has declared a quarterly dividend of $0.30 per share. According to the Company, the dividend is payable on September 16, 2013 to shareholders of record on September 3, 2013. The Full Research Report on Nordstrom Inc. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.analystscorner.com/r/full_research_report/7e7a_JWN]
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Kohl's Corp. Research Report
On August 21, 2013, Kohl's Corp. (Kohl's) announced that Kohl's Department Stores has launched a new and exclusive collection of athletic apparel as part of its Kohl's Cares® cause merchandise program to support women's health. Kohl informed that 100% of the net profit from this exclusive collection will be utilized to support the fight against breast cancer. Michelle Gass, Kohl's Chief Customer Officer, said, "We are thrilled to share our new Kohl's Cares Tek Gear collection with customers this fall. The pieces feature everything needed to enjoy an active and stylish lifestyle at an incredible value." According to the Company, items under the program are available for only $5, $10, and $15 each through November 3 and can be found online as well as in all 40 Wisconsin stores. In its commitment to fight against breast cancer, Kohl's stated that it has also partnered with the American Cancer Society and the Southeast Wisconsin Affiliate of Susan G. Komen since 2010. The Full Research Report on Kohl's Corp. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.analystscorner.com/r/full_research_report/0e40_KSS]
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The Children's Place Retail Stores, Inc. Research Report
On August 22, 2013, The Children's Place Retail Stores Inc. (The Children's Place) reported its Q2 FY 2013 financial results (period ended August 3, 2013). Net sales grew 6% YoY to $382.4 million. Gross profit increased 10% YoY to $126.2 million. Net loss for the quarter stood at $23.6 million, or $1.05 per diluted share, compared to $17.9 million, or $0.74 per diluted share, in Q2 FY 2012. Adjusted loss per share stood at $0.42 in Q2 FY 2013 compared to $0.62 in Q2 FY 2012. Commenting on the results, Jane Elfers, President and CEO, stated, "We delivered a solid second quarter and are raising our 2013 forecast to reflect these strong earnings results, With the state tax-free promotional events behind us, we are encouraged by the solid start to the back-to-school season." The Company updated its FY 2013 earnings guidance and now expects adjusted diluted EPS to be in the range of $3.15 to $3.28 against its previous guidance of $3.05 to $3.20. The Full Research Report on The Children's Place Retail Stores, Inc. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.analystscorner.com/r/full_research_report/1f8d_PLCE]
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Guess' Inc. Research Report
On August 21, 2013, Guess Inc. (Guess) announced that Michael Relich has been appointed as the Chief Operating Officer of the Company. According to Guess, Mr. Relich has also served as Guess' Chief Information Officer for nine years, responsible for areas such as IT, distribution/logistics, e-commerce and strategic planning. Paul Marciano, CEO and Co-founder of Guess Inc., commented, "I believe, more than ever, that the integration of technology, speed, and brand synergy is vital for our success. Michael's proven experience in these areas makes him a great fit as our new Chief Operating Officer." The Full Research Report on Guess' Inc. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.analystscorner.com/r/full_research_report/9805_GES]
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rue21, Inc. Research Report
On August 20, 2013, rue21, Inc. (rue21) announced that it has filed definitive proxy materials with SEC regarding its proposed acquisition by funds advised by Apax Partners. The Company stated that as previously announced funds advised by Apax Partners will acquire all outstanding shares of rue21 for $42.00 per share in cash. rue21 added that stockholders will consider and vote on the acquisition in a meeting scheduled on September 19, 2013 at 9:00 a.m. ET. The Full Research Report on rue21, Inc. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.analystscorner.com/r/full_research_report/e81f_RUE]
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