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New Franchise Stores, Executive Appointments, Financial Results, and Strategic Partnerships - Analyst Notes on Gap, Vipshop, Aeropostale, Guess, and Luxottica
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|By PR Newswire
|March 28, 2014 08:01 AM EDT
NEW YORK, March 28, 2014 /PRNewswire/ --
Today, Analysts Review released its analysts' notes regarding The Gap, Inc. (NYSE: GPS), Vipshop Holdings Limited (NYSE: VIPS), Aeropostale, Inc. (NYSE: ARO), Guess?, Inc. (NYSE: GES), and Luxottica Group SpA (NYSE: LUX). Private wealth members receive these notes ahead of publication. To reserve complementary membership, limited openings are available at: http://www.AnalystsReview.com/register
The Gap, Inc. Analyst Notes
On March 18, 2014, The Gap, Inc. (Gap Inc.) announced that it plans to open five franchise-operated Old Navy stores in the Philippines in 2014. The Company said that these stores will be the first-ever franchise-operated Old Navy stores, with the first two stores to open in Manila in March 2014 and the remaining three in H2 2014. "The Philippines is a natural fit for Old Navy as the country has a strong and growing economy, and consumers in the market are interested in iconic American apparel brands," said Blair Dunn, General Manager of Old Navy Franchise. "Through local partners we have immediate access to a deep understanding of the marketplace and consumer needs." The full analyst notes on The Gap, Inc. are available to download free of charge at:
Vipshop Holdings Limited Analyst Notes
On March 25, 2014, Vipshop Holdings Limited (Vipshop) announced the appointment of Haidong Jiang as the Vice President of Technology and Chief Technology (CTO) of Lefeng.com - the Company's majority-owned online retailer of cosmetics and fashion products. The Company informed that the appointment is effective immediately. Prior to joining Vipshop, Jiang was Ovation Entertainment Limited's CTO. "His experience with logistic systems implementation in the e-commerce industry will be a tremendous asset for Vipshop as we build out our core logistics operation. Adding such a seasoned operational executive to our team underscores Vipshop's dedication to further developing and refining our logistics and service capabilities, in an effort to support the ongoing expansion of our product offering and attraction of new customers," said Eric Shen, Chairman and CEO. The full analyst notes on Vipshop Holdings Limited are available to download free of charge at:
Aeropostale, Inc. Analyst Notes
On March 13, 2014, Aeropostale, Inc. (Aeropostale) reported financial results for Q4 FY 2013 and full year FY 2013 (period ended February 1, 2014). During the quarter, the Company's net sales declined 16.0% YoY to $670.0 million; while net loss came in at $70.3 million, or $0.90 loss per diluted share, compared to a net loss of $0.7 million, or $0.01 loss per diluted share, in Q4 FY 2012. For full year FY 2013, the Company's net sales declined 12.4% YoY to $2.1 billion. Annual net loss stood at $141.8 million, or $1.81 loss per diluted share, compared to full year FY 2012 net income of $34.9 million, or $0.43 per diluted share. "The results we generated in 2013 are not acceptable nor are they a reflection of the progress we believe we have made in transforming our brand. Having evaluated what we set out to do in 2013 and what we learned, we believe our strategy surrounding product, brand projection, process and growth is even more crucial to winning in today's challenging retail landscape," said Thomas P. Johnson, CEO of Aeropostale. The full analyst notes on Aeropostale, Inc. are available to download free of charge at:
Guess?, Inc. Analyst Notes
On March 19, 2014, Guess?, Inc. (Guess?) reported financial results for Q4 FY 2014 and full year FY 2014 (period ended February 1, 2014). During the quarter, the Company reported net revenue of $768.4 million, down 5.7% YoY; while annual net revenue came in at $2.6 billion, down 3.3% YoY. Q4 FY 2014 net earnings attributable to Guess? were $69.6 million, or $0.82 per diluted share, compared to $72.6 million, or $0.85 per diluted share, in Q4 FY 2013. Full year FY 2014 net earnings attributable to the Company stood at $153.4 million, or $1.80 per diluted share, compared to $178.7 million, or $2.05 per diluted share, for full year FY 2013. "Overall, we stayed focused on what we can control, like inventory where trends continued to improve quarter over quarter, and expenses which declined again in the fourth quarter versus last year," said Paul Marciano, CEO of Guess?. The full analyst notes on Guess?, Inc. are available to download free of charge at:
Luxottica Group SpA Analyst Notes
On March 24, 2014, Luxottica Group SpA (Luxottica) announced a strategic partnership with Google Inc. (Google) to design, develop, and distribute a new breed of eyewear for Glass. Luxottica also announced that its two major proprietary brands, Ray-ban and Oakley, will be part of the collaboration with Glass. "We believe that a strategic partnership with a leading player like Google is the ideal platform for developing a new way forward in our industry and answering the evolving needs of consumers on a global scale. We believe it is high time to combine the unique expertise, deep knowledge and quality of our Group with the cutting edge technology expertise of Google and give birth to a new generation of revolutionary devices," said Andrea Guerra, CEO of Luxottica. The full analyst notes on Luxottica Group SpA are available to download free of charge at:
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