All three of their brands are doing absolutely awesome. They are the coolest kid in town. They look better than anyone else does in their space, in the mall. If there's any teen retailer that's well positioned for 2006, it's them. |
I look at it favorably if they have a well-managed outlet policy, but you don't want the outlet driving the growth. But not to be in this market is a mistake since it's an important customer and a different demographic. |
I'm not surprised they had good results.. The stores were packed during the holidays and even on Dec. 26 when everyone else was having sales, Coach was selling full-price and the stores were full of people. |
If the promotions are planned then we can expect retailers to hit their numbers. It's a question of if the promotions were unplanned, what does that do to the bottom line? |
In that lowered guidance there's 15 cents of one-time items that will benefit the business long term. If you add it back in, they actually raised guidance. |
In this space there's a lot of fast money and it tends to be very reactionary. But patient investors will absolutely be rewarded. |
Investors were looking for even more. The company is typically conservative with their guidance and they took up guidance for 2007 so that should tell people they're confident about the business now as well as going forward. |
It was a fabulous quarter. The power of the pony continues. Every single aspect of the business is hitting on all cylinders. |
Look at the results of (Chico's) same-store sales. They keep posting incredible numbers year after year. Passport keeps growing and it gets people coming into stores. |
The Easter effect is a reality. If you go on vacation later, you postpone your shopping. |
The luxury customer is still out there. Going into 2006 the luxury customer will continue to shop if the fashion and product are right. |
The No. 1 concern is merchandise -- they gotta fix the merchandise. They gotta get people to think the merchandise is cool again. |
The teen is pretty recession proof and always likes to spend during the holiday season. The Gap unfortunately is still having trouble connecting with the customer. |
They're just hitting on all cylinders. |
This was one of the few times where we actually had an issue with them and they were actually present to answer questions [for over an hour]. |