Latest news with #TelseyAdvisoryGroup
Bloomberg
3 days ago
- Business
- Bloomberg
Walmart Competes Effectively with Amazon, Says Feldman
Joe Feldman of Telsey Advisory Group joins Open Interest ahead of this week's retail earnings. He expects good numbers from Walmart as people are shopping more for value-oriented goods. (Source: Bloomberg)
Yahoo
7 days ago
- Business
- Yahoo
Tapestry stock sinks: Why Kate Spade needs to catch up to Coach
Tapestry (TPR) stock is plunging by double digits after the Coach and Kate Spade parent company issued an annual profit outlook that fell short of Wall Street's expectations. Telsey Advisory Group CEO and chief research officer Dana Telsey joins Market Catalysts to discuss the company's projected $160 million tariff-related hit and ongoing efforts to recreate Coach's success for the Kate Spade brand. To watch more expert insights and analysis on the latest market action, check out more Market Catalysts. I think there's a couple things to add to the to the tapestry of what's happening. I think overall the strength of the coach brand continues up nearly mid teens. The Kate Spade brand weaker than expected. And similar to what we heard from Ralph Lauren last week, the uncertainty regarding the back half of the year in terms of the of the elasticity of consumer demand is there, and these tariff headwinds are real. When the tariff rate is changing on almost a regular basis, it's hard to basically manage what the impact is. But to build a competitive moat with durable growth is what you need, and that's what they're doing with the coach brand right now. And let's also keep in mind when you look at first half back half, is there some conservatism that's built in because the strength of the top line with the AUR growth, with lower promotions, and with new product innovation will that help to offset some of these tariff headwinds as we go forward into the back half of the calendar year? Dana, what is the pricing power situation for Coach and Kate Spade? You know, and is it stronger at the stronger brand and therefore, um, maybe can pass on some of those costs but not all of the the tariff costs? When you think of the two brands, Coach is around 85% of the business. The Kate Spade brand is around 15% of the business. They're investing in marketing and the Kate Spade brand in order to use the playbook of coach and apply it to Kate to see if that take hold takes hold. With the coach brand, the families of handbags that they have, whether it's the tabby or the Brooklyn or the new Kisslock, they keep adding other bags in that and maintaining the exclusivity that they don't overproduce. That's why they're able to deliver full price sales of innovative product for the coach business. Kate is a work in progress. What do they still need to do with Kate and are you confident they're going to do it? I think they're continuing to reduce the number of SKUs. They need to be able to have a brand that has resonance and that people has the brand has to say what it does and do what it says. And I think they're formulating what the brand meaning is, and I think that's first to come. An investor day is coming up for tapestry on September 10th, and I think an update to the three-year algorithms that are first to come will be put in place. Related Videos Deere tariff outlook, mortgage rates hit 2025 low, Li downgrade Apple Watch blood oxygen, Klarna users, Tapestry stock plunges US beef prices could be higher for next two years: JBS global CFO Investors shouldn't 'overreact' to hot PPI data, strategist says 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
CNBC
08-08-2025
- Business
- CNBC
TJX and Walmart are who will benefit from back-to-school, says Telsey Advisory's Dana Telsey
Dana Telsey, Telsey Advisory Group CEO, joins 'Power Lunch' to discuss what to expect for retailers with the back-to-school season, why stocks are moving on tariff news and much more.
Bloomberg
17-07-2025
- Business
- Bloomberg
Department Store Sales Weakness A Concern: Telsey
Bloomberg Markets: The Close Telsey Advisory Group Founder and CEO Dana Telsey discusses US retail with Romaine Bostick and Scarlet Fu on 'The Close.' (Source: Bloomberg)
Fashion Network
11-07-2025
- Business
- Fashion Network
Levi Strauss gains 7% after upbeat outlook fueled by international sales
Levi Strauss shares surged more than 7% in premarket trading on Friday after the denim maker raised its annual revenue and profit forecasts, counting on robust demand at its stores and website to offset a margin hit from U.S. tariffs. The company has been investing in its direct-to-consumer-first strategy and focusing on its core denim lifestyle products, which drove a second-quarter sales and profit beat. Levi's earnings beat was 'impressive,' said Dana Telsey, analyst at Telsey Advisory Group. The raised forecast was also encouraging, as it now includes an estimated impact from 30% tariffs on China and 10% duties on other countries, Telsey added. The denim maker said it would counter President Donald Trump 's tariffs on imports into the U.S. by diversifying its supply chain to further reduce dependence on China and source from countries such as Bangladesh and Cambodia. To be sure, the updated forecast does not account for Trump's proposed 36% tariff rate on Cambodia and a 35% levy on U.S. imports from Bangladesh, which are set to go into effect on August 1. About 60% of Levi's revenue came from outside the U.S., which grew 10% in the second quarter, led by Europe. Revenue from the U.S. grew 7%. The company's focus on denim dresses and skirts, and growth in its women's apparel and Beyond Yoga brand, has led to increased purchases from younger customers, said J.P. Morgan analyst Matthew Boss in a note. Levi's stock trades at 14.92 times analysts' estimates for the company's earnings over the next 12 months, compared with 20.32 for Ralph Lauren and 8.46 for Abercrombie & Fitch, according to LSEG data. © Thomson Reuters 2025 All rights reserved.
