Yeezy was recently valued at $2.9 billion. West will receive loyalty payments and "potential equity' related to sales targets of the brand over its ten-year timeframe, according to Gap.Yeezy Gap will be available in stores next year. "We are excited to welcome Kanye back to the Gap family as a creative visionary, building on the aesthetic and success of his YEEZY brand and together defining a next-level retail partnership," said Mark Breitbard, Global Head of Gap Brand. Technical Analysis (Indicators) for GAP Bearish Trend Analysis The Moving Average Convergence Divergence (MACD) crossed below the signal line.

But its CEO hinted at early signs of optimism from store re-openings. In the fiscal first quarter ended May 2, the  off-price department store company's revenue of $4.409 billion was less than half the year-ago level of $9.278 billion.The figure came in lower than the $5.82 billion predicted by analysts polled by Investing.com .  The company reported a net loss of - 74 cents a share, compared to analysts’ expectation of a loss of -2 cents a share.

The clothing retailer also said that it  no longer wants a spinoff of its Old Navy business. Gap now expects adjusted fiscal year 2019 earnings per share to be moderately above its previous guidance of $1.70 - $1.75 a share, on the back of higher-than-anticipated promotional levels over the holiday period, particularly at Old Navy. The company is now anticipating  comparable sales to be at the higher end of its previous guidance range of down mid-single digits.The cost and complexity of splitting into two companies couple with softer business performance have limited its scope to create appropriate value from separation, as indicated by a statement given by Robert Fisher, Gap's interim president and chief executive officer.

Abercrombie & Fitch  re-iterated its guidance for its fiscal fourth quarter ending in February. In the retailer’s reaffirming projections, comparable-store sales is in a range of flat to up +2%.Seventy basis points of that decline is attributed to currency fluctuations and expected China tariffs. CEO Fran Horowitz said that the company experienced record revenues in the U.S. over Black Friday week ( including the Tuesday before Thanksgiving through Cyber Monday). In a separate event, Chief Financial Officer Scott Lipesky indicated at the ICR Conference in Orlando, Florida, that the company is willing to exit even the top-notch shopping centers if it wants to reduce its physical presence.

Urban Outfitters’ holiday sales came in below analysts' expectations. The lifestyle retail company’s same-store sales at its Free People and  Anthropologie  outlets increased +8% and +5% respectively during the 2019 holiday season.However, comparable-store sales at the company’s eponymous stores declined -1%.  The retailer's overall sales climbed just under +3% during the holiday season, lagging analysts' expectations. On Thursday, the company also reported lower-than-expected sales. Urban Outfitters’ also warned of a possible thinner-than-expected profit margins for the fourth quarter.

 A major boost came from the launch of Stitch Fix's two new "direct buy" offerings  (Shop Your Looks and Shop New Colors) that supported inventory clearance and leveraged group expenses.   For the fiscal second quarter, Stitch Fix is expecting net revenues in the range of $447 million to $455 million, and a client growth rate similar to that in the first quarter.The company has projected adjusted earnings to grow to between $10 million and $15 million. Looking into the full-fiscal year 2020, the company expects net revenue in the range of $1.9 billion to $1.93 billion (which implies a +22.5% growth rate at the higher end of the forecast range).

Even as several retail companies struggle with weak performances, TJX reported quarterly sales and earnings that surpassed analysts' forecasts. The off-price department store company's fiscal third-quarter earnings came in at 68 cents a share, beating the 66 cents a share expected by analysts polled by FactSet.The company expects same-store sales growth to be in the +2% to +3% range.  "We are convinced our holiday marketing campaigns will position us as a top shopping destination for exciting gifts at amazing prices," CEO Ernie Herrman noted.  

Burlington Stores stock coverage was initiated by an RBC Capital analyst with an outperform rating. RBC Capital analyst Kate Fitzsimmons expects the off-price department store retailer to continue to narrow its margin gap relative to peers, particularly under the leadership of a new CEO. Michael O'Sullivan came in as chief executive of Burlington in September.The analyst has set a price target at $230 for the shares. 

Gap Inc. lowered its full-year earnings outlook.The FactSet consensus estimate is $1.86 per share. CFO Teri List-Stoll cited macro impacts and slower traffic as additional headwinds to results that have been affected by “product and operating challenges across key brands”. Separately, Gap announced that Art Peck is leaving the company.

Retailer Ross Stores (Nasdaq: ROST) saw its stock double in value from mid-2017 through the middle of this year.Sure there were some up and down cycles along the way, but the overall trend in the stock has been to upside for over two years. Looking at the daily chart we see how the stock has been trending higher since the end of May and has been riding its 50-day moving average higher over the last four months.

Shares of Stitch Fix slumped by as much as -12%after-hours, following the company’s latest quarterly earnings release.Although the company's quarterly results surpassed estimates, its softer forecast on future quarter hurt the stock price. The online personal styling service’s fiscal fourth quarter earnings came in at 7 cents per share, beating analysts’ expectations of 4 cents a share. Revenue surged +36% year-over-year to $432.1 million, which is slightly higher than the $432 million expected. Stitch Fix’s active client base grew +18% year over year, to 3.2 million people - about in-line with the 3.23 million analysts were expecting (based on FactSet poll). However, what probably led to its shares declining was its indication of a “softer” outlook for the first quarter of fiscal 2020.

However, the clothing & accessories retailer’s comparable sales growth came in lower than anticipated. The company’s adjusted earnings for the three months ending on August 3 came in at 39 cents, up from the year-ago quarter’s 34 cents and higher than the Street estimate of 32 cents. Group revenues increased +8% to $1.04 billion, slightly ahead of analysts’ expectation of $1 billion. While American Eagle’s same-store sales climbed +2% from last year, the growth rate fell short of  Wall Street forecasts of just over 3%.But he also emphasized on the company’s  18th consecutive quarter of positive consolidated comparable sales growth. The company's forecast for its third quarter 2019 earnings per share is between 47 cents and 49 cents, which is a lower range compared to Refinitiv forecast of 52 cents per share.

Guess shares jumped during after-hours Wednesday, after its fiscal second quarter results came in stronger than expected while the company boosted its full-year outlook. For the three months ending Aug.3, the retailer of clothing and accessories reported adjusted earnings of 38 cents per share, which beat analysts’ estimates of 29 cents.The adjusted EPS figure was also higher than the prior year quarter’s 36 cents. Revenue increased +5.8% year-over-year to reach $683.2 million in the quarter, surpassing the Street expectations of $671.4 million. Looking ahead, Guess expects its fiscal full-year 2020 GAAP earnings to sit between $1.18 to $1.26 a share, or an adjusted $1.28 to $1.36.

Ross Stores Inc. reported second-quarter earnings that surpassed Wall Street estimates. The department store chain reported earnings of $1.14 a share, higher than analyst’ estimate of $1.11 a share.Its comparable-store sales grew +3% compared with the same quarter last year. According to Ross Stores, there would be a slight impact on its third and fourth quarters from the 10% tariffs on goods imported from China.

Fashion retailer Abercrombie & Fitch (NYSE: ANF) fell sharply when it announced first-quarter earnings back in May.Sales have grown at a paltry 2% average over the last three years and they were flat in the first quarter. The company’s return on equity is only 6.5% and the profit margin is low as well at 3.6%.

(NYSE: GES) has been struggling over the past year.The EPS rating is well below average at 29 and the Relative Price Strength is even worse at 18. Over the last four months, a downward sloped trend channel has formed and the stock is hitting the upper rail of the channel at this time.

Stitch Fix got a rating upgrade from Goldman Sachs analyst Heath P. Terry, leading to the shares climbing Friday. Terry raised his rating on the online personal styling company’s stock to buy from neutral.According to Terry, the company’s strong database is helping it to retain customers and drive sales. The analyst indicated that Stitch Fix’s repeat customers and its new product developments, such as options for customers to pick additional colors, prints and sizes of previously purchased items, are strong tailwinds to the company’s stock price.

Many mall-based apparel retailers crumbled over the past decade due to shifting fashion trends, the rise of fast-fashion rivals and e-tailers, and sluggish mall traffic.However, one retailer that has weathered the retail apocalypse with style is American Eagle Outfitters (NYSE: AEO), which posted 6% comparable-store sales growth during the first quarter.

Its same-store sales for the quarter plunged -4% year-over-year, which is a sharper drop than analysts’ estimates of -1.1% decline. Gap’s Old Navy same-store sales decreased -1%, compared with the prior year’s +3% increase.Its Banana Republic same-store sales were down -3%, compared with +3% growth in the year-ago period. Looking ahead, Gap predicts its adjusted earnings per share to range between $2.05 and $2.15 for the full-year, which is a lower projection compared with a prior forecasted range of $2.40 to $2.55. Last week, Gap revealed its plans to close 130 Gap-branded stores in the fiscal fourth quarter. Shares of Gap ended around -9% down on Friday.    

Gap Inc. shares tanked Thursday after the apparel retailer reported quarterly earnings and sales short of Wall Street estimates, and slashed its full-year profit outlook.