| Research Notes: Dec 16, 2011 – Holiday Countdown |
StoreIntel |
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- Cold weather categories are a concern, but emphasis should be focused on heavy gauge sweaters as opposed to the entire sweater category, with Ann Taylor and LOFT seemingly heavy in these categories
- We are not as concerned with the recent panic associated with UGGS since we don’t view these as a cold weather item relative to sweaters and down jackets
- Cause for concern: As we have mentioned previously, the ownership of outerwear at JC Penney seems to be a liability. Our channel checks indicate very heavy inventory and anticipate heavy markdowns by JCP to move the product
- We are also concerned at the lack of foot traffic at JC Penney stores during the past two weeks
- Urban Outfitters commented on the strong business in the first half of December, but we still found the Anthropologie division to be promoting heavily relative to the competition. On the positive side, we thing Urban Outfitters stores are seeing improved traffic with a very impressive flow of new product on the shelves
- Express stores seem to be really enjoying a very strong December. Inventory in all cold weather categories seem to be balanced and promotions seem to be ‘normal’ for this time period
- Stay tuned for a recap of this all-important weekend’s business on Monday
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