The recent cold snap that is impacting most of the continental U.S. crimped retail sales last week, according to The Retail Economist-Goldman Sachs Weekly Chain Store Sales Index.But another report from Wells Fargo Securities analysts released earlier today reiterated what analysts are seeing by way of outlook: the retail sector is better positioned this year than it was in 2017. And in a segment analysis, analysts at the firm see the recent tax reform measures as significantly boosting earnings per share by as much as 15 percent.In the weekly sales report, Michael Niemira, chief economist of The Retail Economist LLC, said the sales index fell 2.3 percent for the week ended Dec. 30. On a year-over-year basis, sales showed a "strong gain" of 3.9 percent. The results follow a report from Mastercard that showed retail sales gaining 4.9 percent this holiday shopping season.Niemira said weekly sales in the post-Christmas period, which includes gift-card redemptions, merchandise exchanges and returns, "were hurt by the arctic freeze affecting the eastern two-thirds of the nation, which in turn caused many consumers to remain in their warm homes." The economist also said when the dust settles, the 2017 holiday season will play out to be one of the best in years.In the Wells Fargo report, senior analyst Ike Boruchow said for the first time in two years, the retail sector is a worthwhile investment. "Following multiple years of challenged fundamentals and increasing investor skepticism, we actually see a somewhat favorable setup for retail into 2018," he noted. "While we acknowledge that the high-level concerns that have cast a dark cloud over the space still exist today (weak store traffic, accelerating e-commerce penetration, Amazon), we are simply saying that there are finally some legitimate reasons to own the space."Boruchow said although 2017 started out lousy for the sector, it ended on a high note with strong fundamentals, robust holiday sales and well-managed inventories. Moving forward, the recently adopted tax reform plan is expected to show an immediate, positive impact on the bottom line — which could include an approximate 15 percent earnings per share gain for domestic companies.In the report, the analyst upgraded Ulta Beauty to "outperform" and raised his price target on the stock to $275 from $220. And under the current scenario he outlined, Boruchow reiterated his top picks, which include PVH Corp., Ulta and Tapestry.
@margotrobbie steps out onto the red carpet wearing @miumiu. The actress is nominated for “Outstanding Performance by a Female Actor in a Leading Role” in “I, Tonya” at the #SagAwards. (📷: Stewart Cook) #wwdfashion
For @massimogiorgetti of @msgm, the Nineties are his favorite decade. “They had a huge impact on my personal growth. What I like of the Nineties is that they are not so precise in terms of style as other decades…there was actually a bit of everything,” he said. As seen on MSGM’s Spring 2018 show: tie-dye and a bit of grunge, two styles that are synonymous with the decade #wwdfashion #wwddecades (📷: @kukukuba)
Breaking News: @hedislimane joins @celine as its new artistic, creative and image director. One of fashion’s preeminent image-makers and trendsetters, Slimane is to join the LVMH brand on Feb. 1 and unveil his first fashion proposition for men and women next September during Paris Fashion Week. It marks a major homecoming for Slimane, who cemented his reputation – and influenced men’s tailoring for more than a decade – as the designer of Dior Homme between 2000 and 2007. He went on to reinvent and ignite the house of Yves Saint Laurent, which he rechristened Saint Laurent, between 2012 and 2016 – all the while maintaining a close relationship with the Arnault family, which controls LVMH and Dior. Read the full exclusive story on WWD.com. Link in bio. #wwdnews #wwdfashion
“Personally I believe the Eighties have been the richest and more vivacious period for international fashion,” Giorgio Armani said when asked what his favorite decade of fashion is. It was a moment of disruption and experimentation and only thinking back to the first years of that decade is always an emotion for me, for what they have meant to me and my work.” The influence is clear in @giorgioarmani spring 2018 collection, pictured here, which was full of bright colors and unexpected prints. Read more about which decades designers loved most on WWD.com #wwdfashion #wwddecades (📷: @aitorrosasphoto)
For Lady Gaga’s only Italian show on her “Joanne World Tour,” the singer wore a range of @versace_official outfits. The standout piece: this custom-made bodysuit inspired by the brand’s spring 2018 collection. #wwdfashion (RG: @ladygaga)
@_camillaruth_ is expanding on the wellness-craze concept with @westbourne – a new NYC restaurant that’s both a healthy-minded café as well as a business that gives back to the community. Marcus works with the Robin Hood foundation to give back to The Door, a non-profit providing youth development services, and also hires employees through The Door. Read our full interview with Marcus on giving back through food on WWD.com. #wwdeye (📷: @lexieblacklock)