Retail - Department Store Deep Dive/Black Book

Takeaway: In this Black Book, we dive into everything from Dept Store current trends (survey) to what the group will look like in the next eco cycle.

Please join us Thursday, October 9th at 11:00 am ET for our Deep Dive on Department Store Fundamentals and Stocks. Relevant tickers: JCP, M, KSS, DDS, JWN, SHLD, TGT, WMT, TJX, and GPS.

Key Topics Will Include:

  1. What will the Department Store Landscape look like (physically and financially) when we transition into the next economic cycle?
  2. Detailed Revenue analysis for all the Department Stores – by category, consumer, and demographic.  Who has the most risk/upside based on where we are in the economic cycle?
  3. Margin Sustainability: Who has the most defendable margins and levers to pull in the event of a sales downturn?
  4. The importance of Financial Engineering to earnings algorithms.
  5. Current Business Trends: Results from our detailed 1,000 consumer survey. This is the 4th iteration of the survey that we started back in 3Q of 2013
    • Visitation statistics
    • Dot.com and Mobile trends
    • Buy Online/Pick Up in Store – does anyone really use this? Which retailers have the competitive advantage?
    • Detailed category analysis – what retailers are top of mind in each category
    • Who wins on price, sales, selection, and quality.
  6. Real Estate Deep Dive
    • What does the competitive matrix look like across the space
    • Winners &  losers from a demographic and spending vantage point
    • Are department stores over or under-indexed to their target customer?
    • The JCP and SHLD affect – what do more store closures mean for other names in this space
  7. E-commerce – we’ll be releasing a much more in depth look at e-commerce across the retail space in a Black Book due out in the next couple of weeks – but we will preview that work with a focused look on the department store space. Most importantly which retailers have invested the capital needed to drive growth in this channel.

Call details to follow