Neely Tamminga
Neely Tamminga
cycles housing product tied
We think 'home' fundamentals are tied to product cycles and not the housing cycles.
believe business clear command company improved likely occur original premium sale shares slight
It is clear to us that a sale of the company is likely to occur in 2006. With business having improved on the margin, we believe Jill shares could likely command a slight premium to Liz Claiborne's original $18 offer.
becomes brand fuel furniture helping home living match people room tv updating
When you put a brand new flat-screen in your living room or bedroom, the old furniture becomes outdated. A lot of people are updating their furniture and decor to match the TV itself. We think is helping to fuel home furnishing sales.
certain clear deeper perhaps resulting retailers struggled
Retailers may have struggled to clear through certain cold-weather seasonal items, perhaps resulting in deeper markdowns on those items.
chains coming department dollars hands home market share store target terms
In terms of market dynamics, there are many hands in the market share grab. Wal-Mart, Target and department store chains like J.C. Penney and Kohl's will see incremental dollars coming into home furnishing as well.
annual authentic belief brands continue deliver earnings growth helped margin operating styles unique
In the belief that this purveyor of authentic brands and unique styles will continue to deliver annual earnings growth of at least 30% helped by comp growth, new-store expansion, and operating margin gains, we reiterate our 'outperform' rating.