NEW YORK, March 18, 2013 /PRNewswire/ --
Today, Wall Street Source announced new research reports
highlighting Micheal Kors Holdings Ltd. (NYSE: KORS), Express, Inc.
(NYSE: EXPR), Hot Topic, Inc. (NASDAQ: HOTT), Foot Locker, Inc.
(NYSE: FL) and Ross Stores, Inc.
(NASDAQ: ROST). Today's readers may access these reports free of
charge - including full price targets, industry analysis and
analyst ratings - via the links below.
Micheal Kors Holdings Ltd. Research
Report
Fashion mavens rejoice as global luxury lifestyle brand, Michael
Kors, has kick-started the season with the introduction of its
Spring 2013 Sneaker Collection. The collection features a new
lineup of high-tops, trainers, and slip-ons that effortlessly blend
chic sportif with serious edge - embossed snakeskins, shimmering
metallics, neon accents and punky hardware. The complete
collection can viewed at the Micheal Kors online catalog, and is
featured in the brand's new short film, "JET SET GO", directed by
Poppy de Villeneuve. The Full
Research Report on Michael Kors Holdings Ltd. - including full
detailed breakdown, analyst ratings and price targets - is
available to download free of charge at:
[http://www.WallStSource.com/r/full_research_report/00fc_KORS]
--
Express, Inc. Research Report
Specialty retail apparel chain Express has posted its fourth
quarter and full year 2012 results. Express noted a positive end to
the year, thanks in part to initiatives implemented in its women's
business. These initiatives included: re-balancing the sweater
assortment, introducing entry price point fashion items in key
categories, especially cut-and- sew knitwear, and communicating
clearer pricing and promotional strategies. Michael Weiss, Express, Inc.'s Chairman and
Chief Executive Officer also adds, "Our men's business continued
its positive momentum and, along with disciplined expense and
inventory management and the aforementioned women's initiatives,
drove increased sales, positive comparable sales, and net income
per diluted share above the increased guidance provided in the
fourth quarter. We attribute our improved performance over the
third quarter to the strength of our products, specifically
sweaters and cut-and-sew knitwear, which we had previously
identified as categories for improvement." Express also generated
double-digits on the e-commerce front, as well as growing
international expansions that include 4 additional franchise stores
in the Middle East and the
company's first 4 franchise locations in Latin America. "As we begin 2013, we expect to
advance each of our existing four pillars of growth. In
addition, we are also excited to pursue a new growth opportunity in
2013 through the development of a new Express outlet business, "
concludes Weiss. The Full Research Report on Express, Inc. -
including full detailed breakdown, analyst ratings and price
targets - is available to download free of charge at:
[http://www.WallStSource.com/r/full_research_report/1fd0_EXPR]
--
Hot Topic, Inc. Research Report
$600 million is set on the
table as Hot Topic and Sycamore Partners have entered into a
definitive agreement pursuant to which Sycamore Partners will
acquire Hot Topic . Lisa Harper,
Chief Executive Officer and Chairman of the Board of Hot Topic,
said, "We are pleased that this transaction will allow us to
deliver positive results for our shareholders. In addition, we are
very excited about the future growth for the company and know that
Sycamore Partners will provide great resources and expertise to us
as we operate as a private company." The agreement has been
unanimously approved by Hot Topic's Board of Directors, as this
one-step merger will have Hot Topic as the surviving corporation.
The Full Research Report on Hot Topic, Inc. - including full
detailed breakdown, analyst ratings and price targets - is
available to download free of charge at:
[http://www.WallStSource.com/r/full_research_report/dfb1_HOTT]
--
Foot Locker, Inc. Research Report
New York-based athletic
retailer, Foot Locker Inc., announced three capital
allocation drives to simultaneously invest in its business and
reward shareholders. The first step will be a quarterly cash
dividend on the company's common stock of $0.20 per share, to be payable on May 3rd, 2013 to shareholders of
record on April 19, 2013. This will
represent an 11% increase over the company's previous quarterly per
share amount. Second, a new 3-year, $600
million common share repurchase program extending through
January 2016 has been approved
by the Board of Directors. This will replace the company's previous
$400 million program. A $220 million capital expenditure program for 2013
has also been approved by the board. "By taking these actions, our
Board has expressed its confidence that Foot Locker, Inc. has the
financial strength to simultaneously invest in the Company's growth
opportunities and return cash directly to shareholders through a
balanced approach to dividends and share repurchases," said
Ken C. Hicks, Chairman and Chief
Executive Officer. The Full Research Report on Foot locker,
Inc. - including full detailed breakdown, analyst ratings and price
targets - is available to download free of charge at:
[http://www.WallStSource.com/r/full_research_report/201c_FL]
--
Ross
Stores, Inc. Research Report
February ended in a high note for Ross
Stores as it reported that sales increased $726 million or 3% for the four weeks ended
March 2, 2013. Comparable store sales
for the four weeks ended March 2,
2013 declined 1% versus the same period last year. This
compared to a strong 9% gain for the four weeks ended February 25, 2012. Michael Balmuth, Vice President and CEO believes
that the slight decline in February same store sales was mainly due
to income tax refund delays. "With sales improving as the month
progressed, we continue to forecast same store sales in March and
April to be down 1% to 2% and up 5% to 6%, respectively. This
monthly guidance reflects the shift in the Easter holiday and is on
top of last year's robust same store sales gains of 10% in March
and 7% in April," he adds. The Full Research Report on Ross Stores, Inc. - including full detailed
breakdown, analyst ratings and price targets - is available to
download free of charge at:
[http://www.WallStSource.com/r/full_research_report/70e1_ROST]
--
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SOURCE Wall Street Source