Latest news with #Dillard's
Fibre2Fashion
3 days ago
- Business
- Fibre2Fashion
Tariff uncertainty adds pressure to US soft goods retailers: Fitch
Fitch Ratings has warned that ongoing trade tariff uncertainties continue to pose execution risks for US soft goods retailers, exacerbating pre-existing structural challenges in the sector. In April, the agency revised its 2025 outlook for the US retail and consumer products sectors to 'deteriorating' from 'neutral', citing the potential for increased trade barriers, rising retail costs, and waning consumer sentiment. Retailers reliant on imports from China, Vietnam, and Cambodia are especially vulnerable, with Fitch noting the absence of a long-term trade agreement and persistent uncertainty despite a recent US Federal court ruling. Soft line and department store retailers face heightened sourcing risks, which could affect holiday season planning and lead to markdowns, inventory issues, or lost market share, it said in a press release. Fitch Ratings has downgraded its 2025 outlook for the US retail and consumer products sector to 'deteriorating', citing tariff uncertainty, soft consumer demand, and sourcing risks, especially for soft goods retailers. Apparel and footwear sales are expected to decline mid-single digits, pressuring margins. While firms like Dillard's remain resilient, others like Capri Holdings face heightened risk. Fitch projects mid-single digit topline declines for discretionary spending, including apparel and footwear, in 2025. This could result in EBITDA declines of up to mid-teen levels due to sales deleverage, increased markdowns, and some absorption of tariff costs. However, Fitch also noted divergence across product categories and company strategies. Larger, higher-rated retailers such as Signet Jewelers (BBB-/Stable) and Dillard's (BBB-/Positive) are expected to better withstand volatility due to stronger vendor relations, design capabilities, and liquidity. In contrast, companies like Capri Holdings (BB/Negative), which is already experiencing EBITDA and topline pressure, may face greater challenges. Capri could benefit in the near term from the proceeds of its Versace sale. Fitch expects retailers to preserve liquidity by limiting share buybacks, capital expenditure, and dividends, as they did during past downturns. While most Fitch-rated issuers have sufficient rating headroom and manageable maturity risk, companies such as Levi Strauss, Macy's, Nordstrom, and Samsonite may see EBITDAR leverage trend near or above negative rating sensitivities in 2025 before improving in 2026, the release added. Fibre2Fashion News Desk (KD)
Axios
23-05-2025
- Entertainment
- Axios
New WDM bubble tea shop also sells egg waffles and poke bowls
Linh here. Bubble tea shops have boomed across the metro over the last five years — and none of them are safe from me. State of play: Earlier this month, I stopped by 3Bears Tea, the newest bubble tea shop in West Des Moines, just north of Dillard's in the same development as Putts & Pins. Driving the news: The shop advertises that it uses fresh ingredients in its bubble tea. What makes the shop unique in the metro is the array of appetizers and snack foods typical of an authentic Taiwanese bubble tea shop, such as poke bowls, egg waffles, edamame and potstickers. They make the egg waffles in front of you when you order them.
Yahoo
22-05-2025
- Entertainment
- Yahoo
Event will honor fallen heroes
May 21—A Memorial Day remembrance is scheduled at 3 p.m. Saturday behind Dillard's at Music City Mall. The event by Jesse Porras will feature walls of fallen heroes on display. A ceremony will begin at 3.
Yahoo
20-05-2025
- Business
- Yahoo
Earnings To Watch: TJX (TJX) Reports Q1 Results Tomorrow
Off-price retail company TJX (NYSE:TJX) will be announcing earnings results tomorrow before market hours. Here's what to look for. TJX beat analysts' revenue expectations by 1% last quarter, reporting revenues of $16.35 billion, flat year on year. It was a slower quarter for the company, with EPS guidance for next quarter missing analysts' expectations significantly and full-year EPS guidance missing analysts' expectations. Is TJX a buy or sell going into earnings? Read our full analysis here, it's free. This quarter, analysts are expecting TJX's revenue to grow 4.4% year on year to $13.02 billion, slowing from the 5.9% increase it recorded in the same quarter last year. Adjusted earnings are expected to come in at $0.91 per share. Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. TJX has missed Wall Street's revenue estimates twice over the last two years. Looking at TJX's peers in the general merchandise retail segment, only Dillard's has reported results so far. It met analysts' revenue estimates, posting year-on-year sales declines of 1.6%. The stock traded up 8.1% on the results. Read our full analysis of Dillard's earnings results here. There has been positive sentiment among investors in the general merchandise retail segment, with share prices up 19.8% on average over the last month. TJX is up 9.3% during the same time and is heading into earnings with an average analyst price target of $135.05 (compared to the current share price of $135.50). Here at StockStory, we certainly understand the potential of thematic investing. Diverse winners from Microsoft (MSFT) to Alphabet (GOOG), Coca-Cola (KO) to Monster Beverage (MNST) could all have been identified as promising growth stories with a megatrend driving the growth. So, in that spirit, we've identified a relatively under-the-radar profitable growth stock benefiting from the rise of AI, available to you FREE via this link. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Fibre2Fashion
20-05-2025
- Business
- Fibre2Fashion
US' Dillard's Q1 FY25 net income falls to $163.8 mn on margin pressure
American department store chain Dillard's, Inc has reported net sales of $1.529 billion in the first quarter (Q1) of fiscal 2025 (FY25) ended May 3, 2025, and net income of $163.8 million, or $10.39 per share. The company's consolidated gross margin was 43.9 per cent of sales and retail gross margin stood at 45.5 per cent of sales. The retail gross margin decreased moderately in ladies' apparel and was flat in ladies' accessories and lingerie. All other merchandise categories decreased slightly, Dillard's said in a press release. Dillard's has reported net sales of $1.529 billion and net income of $163.8 million, or $10.39 per share in Q1 2025. Retail gross margin declined to 45.5 per cent, with weaker sales in ladies' apparel and home categories. SG&A expenses fell slightly to $421.7 million. Inventory rose 6 per cent. The company expects $180 million in depreciation and $120 million in capex for full FY25. The company noted stronger performance in juniors' and children's apparel, and men's clothing and accessories, while home and furniture, shoes, and ladies' apparel underperformed. The retail gross margin declined to 45.5 per cent of sales from 46.2 per cent, mainly due to moderate declines in ladies' apparel and slight decreases across other merchandise categories. The operating expenses slightly decreased to $421.7 million but rose marginally as a percentage of sales to 27.6 per cent. Ending inventory increased by 6 per cent. Dillard's reported consolidated selling, general and administrative (SG&A) expenses of $421.7 million, representing 27.6 per cent of sales, compared to $426.7 million, or 27.5 per cent of sales, for the same period in 2024. The $5 million decline in operating expenses was primarily driven by reduced payroll and payroll-related costs, added the release. For full FY25 ending January 31, 2026, Dillard's has provided estimates based upon current condition. Depreciation and amortisation are projected at $180 million. Rental expenses are expected to be $20 million. Net interest and debt income are estimated at negative $8 million, an improvement from negative $14 million last year. Capital expenditures (capex) are projected to increase to $120 million, up from $105 million in 2024. 'We turned in a relatively good first quarter considering the prevailing economic uncertainty. We kept expenses under control and reported a healthy gross margin. After repurchasing $98 million in stock, we had $1.2 billion in cash and short-term investments remaining,' said William T Dillard, II chief executive officer (CEO) at Dillard's. Fibre2Fashion News Desk (SG)
