Thanksgiving results supportive for continued rally
Thanksgiving week results have now come in and are very encouraging for the start of the Holiday season and the broader improvement in fundamentals. All industry organisations and tracking firms are in agreement on the strong performance over the holiday, and are highlighting a positive outlook on the consumer and Holiday sales. Given the strong results, and in anticipation of further improvement in retail fundamentals, we expect the rally in the softlines sector to continue, given valuations are still at a steep discount to the market.Kohl's operates department stores, a website (www.Kohls.com), FILA outlets, and Off-Aisle clearance centers. The company's Kohl's stores and website sell proprietary and national brand apparel, footwear, accessories, beauty and home products. The company's website includes merchandise that is available in its stores, as well as merchandise that is available only online. The company's portfolio includes private brands such as Apt. 9, Croft & Barrow, Jumping Beans, SO and Sonoma Goods for Life and exclusive brands that are developed and marketed through agreements with brands such as Food Network, LC Lauren Conrad, Elle and Simply Vera Vera Wang.
Formed in 2003 by an established team from Cazenove, one of the most respected investment banks in the UK, Atlantic Equities conducts and publishes fundamental, bottom up research on mid and large cap US companies.
Atlantic provide order execution through a wide range of DMA products and algorithmic trading suites.
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