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Takeaway: Removing SKX from our short bench.


Retail Callouts (4/23): SKX, TJX, ZQK, SPLS, EBAY - 4 20 chart2


SKX - Removing From Short Bench

Takeaway: We’re removing SKX from our Short Bench. We added the name to the Bench on Monday after we flagged it as a negative on our SIGMA screen this past week. As a reminder, this analysis triangulates the P&L and balance sheet to hone in on which companies are likely to beat on the Gross Margin line, and of course...which companies are going to miss. We were looking for 1) the SIGMA trajectory coming out of 1Q15 and 2) the quality of the print. Both of which looked good enough for us to pull this name off our radar screen on the short side for now.

Retail Callouts (4/23): SKX, TJX, ZQK, SPLS, EBAY - 4 23 chart1


EBAY - Ebay lays out post-split vision for marketplace and PayPal


TJX - TJX chairman Cammarata to retire, CEO Meyrowitz will succeed him


ZQK - Quiksilver Investor Renews Calls for Retailer to Pursue Sale


SPLS - Staples Acquires Makr to Make More Design Services Happen


ABG Acquires Jones New York And Taps Mark Weber, Former CEO LVMH, Inc., As Strategic Advisor


Bill Langsdorf Named to Lead Former Wet Seal


Kering - Puma Appoints General Manager for EMEA


M - Macy's gets intimate with Heidi Klum


Ikea changes the rules on high-tech furnishings


Metro interested in some Target Canada stores


Sears Hometown and Outlet CEO to leave Aug. 1