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Follow on Google News | A shopping giant is bouncing back - Sourced Picksthatmove.comAt PicksThatMove, our team scours the technical and financials of hundreds of companies to identify those stocks showing the greatest potential for growth.
By: Picksthatmove CALGARY, Alberta--PicksThatMove is pleased to bring investors special situation stocks which have a high potential for price appreciation. These companies have interesting business models and they have to execute on the business development level to bring value to shareholders. Some of our past picks had soared over 200%. To view some of our profiled stocks, please visit our website at www.picksthatmove.com. At PicksThatMove, our team scours the technical and financials of hundreds of companies to identify those stocks showing the greatest potential for growth. Neiman Marcus has posted their fiscal second quarter earnings and confirmed that luxury shoppers are returning to their favourite past time. Neiman Marcus has turned a profit on lower expenses and higher holiday sales. Slowly but surely Neiman Marcus’ approach is working. Customers are responding to promotions, such as limited midday Internet shopping events, in-store designer visits and a daily iPhone app deal. Burt Tansky, President and CEO of Neiman Marcus, stated that the chains approach has shifted from a defensive mode to an offensive one. Neiman Marcus is looking into opening up smaller Last Call clearance stores which will be geared towards those customers who don’t usually shop at Neiman Marcus. Tansky commented that “the aspirational customer is a little more comfortable than a year ago. That customer was hit hard a year ago and vacated our stores, and we've been working hard to bring them back." For the quarter ending January 30, Neiman Marcus posted a profit of $4 million, compared to a loss of $509.2 million the year prior. Operating profit doubled to $67.1 million in the second quarter compared to a $32.6 million last year. Total sales at the chain's 77 stores increased 2.1% to $1.1 billion from $1.08 billion a year earlier. Same-store sales increased 0.6% from the same quarter a year ago. Ann Taylor Stores Corporation , reported back in February that do to stronger than anticipated fourth quarter sales and a gross margin rate that was higher than expected Ann Taylor is looking to report bottom-line performance for the fiscal fourth quarter of 2009 that will exceed expectations and be substantially higher than the fourth quarter of 2008. Based on preliminary fourth quarter results, Ann Taylor shares an update on its November 2009 outlook stating net sales for the fiscal fourth quarter of 2009 are expected to approach $470 million, compared to its prior outlook for sales to decline slightly from $462.4 million reported in the third quarter of 2009. ANN is trading in the range between 18.65 and 19.19, staying close to its 52 week-high of 18.88 from yesterday. On March 12, 2009, ANN hit its 52 week-low of 2.75. Bebe Stores Inc. announced its financial results for the second quarter ending January 2, 2010. Net sales for the second quarter of fiscal 2010 were $141.5 million, down 22.2% from $181.9 million for the same period last year. Comparable store sales for the quarter declined 22.5% compared to a decrease of 20.1% in the prior year. Gross margin as a percentage of net sales increased to 39.2% in the second quarter of fiscal 2010, compared to 38.6% in the second quarter of fiscal 2009. Bebe stores, inc. designs, develops and produces a line of contemporary women's apparel and accessories. Shares of BEBE are trading between 8.84 and 8.96, up 1.36% or 0.12 at 8.94. The Talbots Inc. is trading in the range of 11.23 and 11.57, up 2.04% or 0.23 cents at 11.49. Talbots announced a promotion of Lizanne Kindler to Executive Vice President, General Merchandise Manager. Ms. Kindler will now oversee merchandise strategy and direction for Talbots core apparel, shoe and accessories businesses across all channels, and will report to Chief Executive Officer Trudy Sullivan. Talbots Inc. is a leading speciality retailer and direct marketer of women’s apparel, shoes and accessories. At the end of fourth quarter 2009, Talbots Inc. operated 580 brand stores in 46 states, the District of Columbia, and Canada. About Picksthatmove.com PicksThatMove.com is an independent electronic publication that provides information on selected publicly traded companies. PicksThatMove.com is not a registered investment advisor or broker-dealer. PicksThatMove.com’ End
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