Ralph Lauren Corp. (NYSE: RL) just became the latest company to fall victim to the “Retail Ice Age.”
The 50-year-old American icon announced it shuttered its flagship store at Fifth Avenue and 55th Street in New York City on Tuesday (April 4). It will also close 50 other retail locations by the end of the fiscal year.
The fancy clothing company is desperate to find ways to cut costs and jobs, following in the footsteps of peers like Sears Holdings Corp. (Nasdaq: SHLD), JCPenney Co. Inc. (NYSE: JCP), and Macy’s Inc. (NYSE: M).
“The move highlights how higher-end brands are not immune to the broader troubles facing brick-and-mortar retailers from online shopping and other competitors,” The New York Times reported on April 4.
Here’s how Ralph Lauren found itself at the bottom of the trenches…
how to invest your money: Snap Interactive, Inc. (STVI)
Advisors’ Opinion:
- [By Vikram Nagarkar]
According to recent reports, Snap Inc will now look to go public at a valuation of $19 billion to $22 billion, as it goes public under the ticker symbol SNAP on the New York Stock Exchange. Snap Inc’s move to slash its previous seemingly overambitious target of $25 billion comes across as a very good move. Well, there’s no denying the fact that the upcoming Snapchat IPO has generated a lot of investor interest – to the extent that some “overeager” investors even went ahead and bought shares of a similar sounding company,Snap Interactive (OTC:STVI), sending its shares 140% higher. And Snap Interactive’s relatively paltry $50 million market cap may have something to do with it. Be that as it may, Snapchat’s reported initial valuation target of $25 billion was way too ambitious, and there’s no lack of consensus on that front. However, even the scaled down $19 billion target may not be attractive enough.
how to invest your money: Insulet Corporation(PODD)
Advisors’ Opinion:
- [By Peter Graham]
A long term performance chart shows MannKind Corporation having once been a highflyerwhile the performance of large cap insulin and diabetes stockNovo Nordisk A/S (NYSE: NVO) has fallen off and small cap Insulet Corporation (NASDAQ: PODD) has actually performed better:
- [By Peter Graham]
A long term performance chart shows MannKind Corporation peaking in 2014 before falling below the more steady performance of diabetes or insulin stocks like large cap Novo Nordisk A/S (NYSE: NVO) and small cap Insulet Corporation (NASDAQ: PODD):
- [By Brian Feroldi]
Shares of Insulet Corporation(NASDAQ:PODD), a medical device company primarily focused on diabetes,rose by as much as 11% in afternoon trading on Friday.
how to invest your money: Newell Rubbermaid Inc.(NWL)
Advisors’ Opinion:
- [By Ben Levisohn]
Last week, Tiffany (TIF) CFO Ralph Nicolettileft the luxury retailer for Newell Brands (NWL). Wells Fargo’s Ike Boruchow and team argued that Nicoletti’s departure is “an untimely distraction” for a stock that can’t afford one:
- [By Chris Dier-Scalise]
Despite reaching a high of $62, a level it hasn't reached since the 2008 financial crisis, Citigroup Inc (NYSE: C) was a net sell during May. Consumer goods company Newell Brands Inc (NYSE: NWL) was also net sold despite nearing a 52-week high during the month after spiking on a solid earnings report, a level it has maintained into June.
- [By WWW.THESTREET.COM]
Cramer and the AAP team are looking at the rally in Newell Brands (NWL) and offering a technical point of view to pair with their fundamental long-term analysis of the company. Find out what they are telling their investment club members; get a free trial subscription to Action Alerts PLUS.
- [By Ben Levisohn]
On a market cap weighted basis,Wal-Mart trades at a discount to the average of a group of large-cap consumer staples companies (Coca-Cola (KO), PepsiCo (PEP), Newell Brands (NWL), Procter & Gamble (PG), and Colgate-Palmolive (CL) – covered by Morgan Stanley Analyst Dara Mohsenian). Wal-Mart’s FTM relative P/E multiple is currently 0.76x vs. the 0.89x average over the last 15 years.
- [By Shauna O’Brien]
Newell Rubbermaid Inc. (NWL) announced on Wednesday that it has finalized the sale of its Hardware business.
The sale, which was first reported on August 9, was completed on Wednesday. Nova Capital has acquired NWL’s Hardware business which includes the Amerock, Ashland, Bulldog and Shur-Line brands.
NWL will receive approximately $175 million in after-tax proceeds from the sale.
Newell Rubbermaid shares were mostly flat during pre-market trading Wednesday. The stock has increased 18% YTD.
how to invest your money: Noah Holdings Ltd.(NOAH)
Advisors’ Opinion:
- [By Monica Gerson]
Noah Holdings Limited (ADR) (NYSE: NOAH) is estimated to post financial results for its latest quarter.
Posted-In: Earnings scheduleEarnings News Pre-Market Outlook Markets
