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Christine Chen, Needham & Company

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J. Crew Smashes Profit, Sales Forecasts (Investor''s Business Daily - Business) - 19:19 ET Mar 09, 2010

Sales at stores open at least a year climbed 17%. And J. Crew did not have to offer the deep discounts and promotions that it did a year ago to clean out stock. Gross margins soared to 43.9% from 27.6% a year ago. Clothing retailer J. Crew easily beat expectations as sales rose 19% in fiscal Q4 to $460.6 million. AP View Enlarged Image."When you have the right product, and inventories are lean, you can get close to full price," said Needham & Co analyst Christine Chen after seeing the numbers. 
Recent Research on J. Crew Group, Inc. (JCG)
J. Crew Group, Inc. at ICR XChange Conference (Thomson Street Events)- Jan 13, 2010
J. Crew Group Inc. (S&P Credit Research)- Dec 15, 2009
Summary: J. Crew Group Inc. (S&P Credit Research)- Dec 15, 2009
more research
Share:  AP View Enlarged Image."When you have the right product, and inventories are lean, you can get close to full price," said Needham & Co analyst <span class="analyst">Christine Chen</span> after seeing the numbers. Tweet this 

Urban Outfitters, Inc. (URBN) Maintains A Strong Buy Rating; Price Target Raised (Benzinga) - Mar 05, 2010

Analysts Christine Chen and Paula Torch at Needham have maintained a Strong Buy rating for Urban Outfitters, Inc. (NASDAQ: URBN). Analysts have raised the price target for the Urban Outfitters, Inc, stock from $39 to $45. . The price target has been raised after the company reported strong results for the fourth quarter. The company reported EPS of $0.45 for the quarter, beating the consensus estimate by $0.04, and analysts' estimate by $0.05. The company registered an increase of 4% in same store sales 
Recent Research on Urban Outfitters, Inc. (URBN)
Urban Outfitters at Cowen and Company Consumer Conference (Thomson Street Events)- Jan 12, 2010
Q3 2010 Urban Outfitters Earnings Conference Call (Thomson Street Events)- Nov 12, 2009
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Share:  Analysts <span class="analyst">Christine Chen</span> and Paula Torch at Needham have maintained a Strong Buy rating for Urban Outfitters, Inc. (NASDAQ: URBN). Analysts have raised the price target for the Urban Outfitters, Inc, stock from $39 to $45. . The price target has been raised after the company reported strong results for the fourth quarter. Tweet this 

Abercrombie & Fitch Co.’s (ANF) Fourth-Quarter Review (Benzinga) - Feb 17, 2010

Analysts Christine Chen and Paula Torch at Needham have released a report reviewing the fourth quarter results at Abercrombie & Fitch Co (NYSE: ANF). The company has reported fourth quarter results in line with analysts' estimate The company reported EPS of $091 for the fourth quarter, which came in line with analysts' estimate, and above the consensus forecast of $087 The company saw a decline of 13% in same store sales 
Recent Research on Abercrombie & Fitch Company (ANF)
Pre-Recorded December Abercrombie & Fitch Co. Sales Call (Thomson Street Events)- Jan 07, 2010
Pre-Recorded November Abercrombie & Fitch Co. Sales Call (Thomson Street Events)- Dec 03, 2009
Q3 2009 Abercrombie & Fitch Co. Earnings Conference Call (Thomson Street Events)- Nov 13, 2009
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Share:  Analysts <span class="analyst">Christine Chen</span> and Paula Torch at Needham have released a report reviewing the fourth quarter results at Abercrombie & Fitch Co (NYSE: ANF). Tweet this 

Best in Class: Coach's Price is Right (The Street: Banks) - Feb 16, 2010

There are no blaring signs in store windows drawing attention to these lower prices, no advertisements highlighting value merchandise Instead, Coach's plan has been for consumers get a pleasant surprise when they pick up a bag they expect to be $500 and it is only $200 This Poppy line, which features handbags ranging from about $200 to $300, received an overwhelming reception and provided a much needed boost during the holiday season In fact, Coach's second quarter 32% gain in North America same store sales (its first positive comparable sales number in over a year) is attributable, in large part, to the Poppy line "Coach has one of the best management teams out there," Needham analyst Christine Chen says 
Recent Research on Coach, Inc. (COH)
Q1 2010 Coach, Inc. Earnings Conference Call (Thomson Street Events)- Oct 20, 2009
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Share:  In fact, <span class="company">Coach</span>'s second quarter 32% gain in North America same store sales (its first positive comparable sales number in over a year) is attributable, in large part, to the Poppy line "<span class="company">Coach</span> has one of the best management teams out there," Needham analyst <span class="analyst">Christine Chen</span> says Tweet this 

Poor sales for Polo Ralph Lauren (Business Day - World) - Feb 03, 2010

The wholesale segment's operating margin was 177 percent in the company's fiscal third quarter, ended , 21 percentage points below last year But Polo, whose clothing brands include Polo, Chaps and Club Monaco, raised its outlook for the full fiscal year, forecasting a percentage decline in the low single digits Its prior forecast called for a drop in the mid single digits It also reported better than expected third quarter profit, but some analysts had come to expect an even greater upside surprise, said Needham & Co analyst Christine Chen ``The main reason for the sell off is the slight miss in topline and concern that wholesale isn't picking up faster,'' Chen said 
Recent Research on Polo Ralph Lauren Corporation (RL) more research
Share:  It also reported better than expected third quarter profit, but some analysts had come to expect an even greater upside surprise, said Needham & Co analyst <span class="analyst">Christine Chen</span> Tweet this 

Abercrombie & Fitch's Style Sense Wears Thin With Some Shoppers (Wall Street Journal) - Feb 02, 2010

It has since experimented with lowering some of its prices Abercrombie's average unit retail price was down roughly 145% during the holiday season, according to Christine Chen, a retail analyst with brokers Needham & Co But even with lower prices and more promotions, including a gift card giveaway, Abercrombie posted steep sales declines during the holidays 
Share:  <span class="company">Abercrombie</span>'s average unit retail price was down roughly 145% during the holiday season, according to <span class="analyst">Christine Chen</span>, a retail analyst with brokers Needham & Co Tweet this 

Abercrombie's Sizzle Goes Stale (WSJ.com: US Business) - Feb 02, 2010

It has since experimented with lowering some of its prices Abercrombie's average unit retail price was down roughly 145% during the holiday season, according to Christine Chen, a retail analyst with brokers Needham & Co But even with lower prices and more promotions, including a gift card giveaway, Abercrombie posted steep sales declines during the holidays 
Share:  <span class="company">Abercrombie</span>'s average unit retail price was down roughly 145% during the holiday season, according to <span class="analyst">Christine Chen</span>, a retail analyst with brokers Needham & Co Tweet this 

Teen Retailers Impress in December (TheStreet.com) - Jan 07, 2010

According to the investment firm Needham & Co, online sales consisted of just 5% to 10% of the total sales recorded by teen retailers in December Needham analyst Christine Chen singled out Aeropostale as a star December performer The company posted same store sales growth of 10% for the month, beating analysts' estimates of 31%, despite being up against tougher year over year comparisons than other retailers Given those December results, Chen said Aeropostale is looking at earnings growth of 32% to 33% for its fourth quarter The analyst also was impressed by Zumiez , which managed to increase its December same store sales by 03%, much better than the dropoff that analysts had been anticipating 
Recent Research on Aeropostale, Inc. (ARO)
Aeropostale, Inc. at ICR XChange Conference (Thomson Street Events)- Jan 13, 2010
Q3 2009 Aeropostale, Inc. Earnings Conference Call (Thomson Street Events)- Dec 02, 2009
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Share:  Needham analyst <span class="analyst">Christine Chen</span> singled out <span class="company">Aeropostale</span> as a star December performer The company posted same store sales growth of 10% for the month, beating analysts' estimates of 31%, despite being up against tougher year over year comparisons than other retailers Tweet this 

Zumiez Skyrockets on Strong Sales (TheStreet.com - Latest Headlines) - Jan 07, 2010

While some observers think that Zumiez results were flat, one Needham analyst is impressed by them "Zumiez actually pulled off a positive 03 figure," said Christine Chen, a retail analyst at Needham & Co, referring to the percentage gain in the company's December same store sales, compared to the prior year "I think given the expectation [of negative results], they did quite well" Chen praises the fact that Zumiez's inventories were lean in December, which preserved its margins Zumiez, which makes action sports related apparel, footwear, equipment and accessories for young men and women, beat Thomson Reuters' expectations of a 64% decline 
Recent Research on Zumiez Inc (ZUMZ)
Zumiez Inc. at ICR XChange (Thomson Street Events)- Jan 14, 2010
Zumiez Inc. December Pre-Recorded Sales Conference Call (Thomson Street Events)- Jan 06, 2010
Zumiez Inc. November Pre-Recorded Sales Conference Call (Thomson Street Events)- Dec 02, 2009
more research
Share:  "<span class="company">Zumiez</span> actually pulled off a positive 03 figure," said <span class="analyst">Christine Chen</span>, a retail analyst at Needham & Co, referring to the percentage gain in the company's December same store sales, compared to the prior year Tweet this 

Retail sector ripe with deals for the choosy (International Business Times) - Jan 02, 2010

"As I look ahead to 2010, I tend to favor the stocks that have some sort of special product or special environment that gives the consumer a reason to buy," said Needham & Co analyst Christine Chen Urban Outfitters and Guess Inc  are among those offering compelling products and value to their shoppers, said Chen, who has "strong buy" ratings on both The Standard & Poor's Retail Index was down 06 percent on Wednesday It is still up more than 86 percent off its year low, touched in March (Editing by Michele Gershberg and Matthew Lewis) 
Recent Research on Guess?, Inc. (GES)
Guess at ICR XChange Conference (Thomson Street Events)- Jan 13, 2010
Q3 2010 Guess Earnings Conference Call (Thomson Street Events)- Nov 30, 2009
more research
Share:  "As I look ahead to 2010, I tend to favor the stocks that have some sort of special product or special environment that gives the consumer a reason to buy," said Needham & Co analyst <span class="analyst">Christine Chen</span> Tweet this 

"As I look ahead to 2010, I tend to favor the stocks that have some sort of special product or special environment that gives the consumer a reason to buy," said Needham & Co analyst Christine Chen Urban Outfitters and Guess Inc  are among those offering compelling products and value to their shoppers, said Chen, who has "strong buy" ratings on both The Standard & Poor's Retail Index was down 06 percent on Wednesday It is still up more than 86 percent off its year low, touched in March (Editing by Michele Gershberg and Matthew Lewis) 
Share:  "As I look ahead to 2010, I tend to favor the stocks that have some sort of special product or special environment that gives the consumer a reason to buy," said Needham & Co analyst <span class="analyst">Christine Chen</span> Tweet this 

Holiday sales improve, but retail yet to fully recover (The Royal Gazette - Business News) - Dec 31, 2009

"I look at bits and pieces of all the data and try to piece together the puzzle, as opposed to looking at one set of data and saying 'OK, there it is, there's the Holy Grail"' SpendingPulse, a unit of MasterCard Advisers, said on Monday that sales rose 36 percent from through Christmas Eve, or one percent excluding the extra day between Thanksgiving and Christmas SpendingPulse relies on data from the MasterCard payments network and estimates for use of cash and other payment forms It excludes automobile and gasoline sales Needham & Co analyst Christine Chen said one could read into the results to find glimmers of hope "Things have bottomed 
Share:  Needham & Co analyst <span class="analyst">Christine Chen</span> said one could read into the results to find glimmers of hope "Things have bottomed Tweet this 

US holiday sales data yet to cement a recovery (Moneycontrol.com) - Dec 31, 2009

"I look at bits and pieces of all the data and try to piece together the puzzle, as opposed to looking at one set of data and saying 'OK, there it is, there's the Holy Grail'" SpendingPulse, a unit of MasterCard Advisers, said on Monday that sales rose 36% from through Christmas Eve, or 1% excluding the extra day between Thanksgiving and Christmas SpendingPulse relies on data from the MasterCard payments network and estimates for use of cash and other payment forms It excludes automobile and gasoline sales Needham & Co analyst Christine Chen said one could read into the results to find glimmers of hope "Things have bottomed 
Share:  Needham & Co analyst <span class="analyst">Christine Chen</span> said one could read into the results to find glimmers of hope "Things have bottomed Tweet this 

U.S. holiday sales yet to cement recovery (Financial Post, Canada) - Dec 30, 2009

"I look at bits and pieces of all the data and try to piece together the puzzle, as opposed to looking at one set of data and saying 'OK, there it is, there's the Holy Grail"' SpendingPulse, a unit of MasterCard Advisers, said Monday that sales rose 36% from Nov 1 through Christmas Eve, or 1% excluding the extra day between Thanksgiving and Christmas SpendingPulse relies on data from the MasterCard payments network and estimates for use of cash and other payment forms It excludes automobile and gasoline sales Needham & Co analyst Christine Chen said one could read into the results to find glimmers of hope "Things have bottomed 
Share:  Needham & Co analyst <span class="analyst">Christine Chen</span> said one could read into the results to find glimmers of hope "Things have bottomed Tweet this 

ANALYSIS-US retail sector ripe with deals for the choosy (Forexyard) - Dec 30, 2009

"As I look ahead to 2010, I tend to favor the stocks that have some sort of special product or special environment that gives the consumer a reason to buy," said Needham & Co analyst Christine Chen Urban Outfitters and Guess Inc are among those offering compelling products and value to their shoppers, said Chen, who has "strong buy" ratings on both The Standard & Poor's Retail Index was down 06 percent on Wednesday It is still up more than 86 percent off its year low, touched in March 
Share:  "As I look ahead to 2010, I tend to favor the stocks that have some sort of special product or special environment that gives the consumer a reason to buy," said Needham & Co analyst <span class="analyst">Christine Chen</span> Tweet this 

"As I look ahead to 2010, I tend to favor the stocks that have some sort of special product or special environment that gives the consumer a reason to buy," said Needham & Co analyst Christine Chen Urban Outfitters and Guess Inc are among those offering compelling products and value to their shoppers, said Chen, who has "strong buy" ratings on both The Standard & Poor's Retail Index was down 06 percent on Wednesday It is still up more than 86 percent off its year low, touched in March 
Share:  "As I look ahead to 2010, I tend to favor the stocks that have some sort of special product or special environment that gives the consumer a reason to buy," said Needham & Co analyst <span class="analyst">Christine Chen</span> Tweet this 

Saturday expectations high for US retailers (The Economic Times) - Dec 18, 2009

But analysts expect retailers to hold their ground in the week before Christmas By the middle of this month, US shoppers still had more than half of their holiday gift buying to do, the highest percentage since 2004, according to a survey from the National Retail Federation While discounts abound and some have gotten steeper over time, Needham & Co analyst Christine Chen doesn't think that shoppers have much to gain by pushing things closer to the Christmas deadline for buying gifts "The promotional cadence has not accelerated dramatically from Black Friday," said Chen, who said that existing discounts could move 10% or so in either direction "I don't think they're going to get significantly deeper over the weekend because there's just not very much inventory You're not going to see things go to the 70 to 80 (percent off) like they were pretty much all quarter last year" 
Share:  While discounts abound and some have gotten steeper over time, Needham & Co analyst <span class="analyst">Christine Chen</span> doesn't think that shoppers have much to gain by pushing things closer to the Christmas deadline for buying gifts Tweet this 

Retailers' Super Saturday expectations high (International Business Times) - Dec 18, 2009

ANNUAL GAME OF CHICKEN UNDERWAY Budget oriented shoppers are playing their typical game of chicken with retailers, waiting for steeper discounts from stores than the 30 percent to 50 percent off already on offer US shoppers still had more than half of their holiday gift buying to do, the highest percentage since 2004, according to a survey from the National Retail Federation conducted through While discounts abound and some have gotten steeper over time, Needham & Co analyst Christine Chen does not think shoppers have much to gain by pushing things closer to the Christmas deadline for buying gifts "The promotional cadence has not accelerated dramatically from Black Friday," said Chen, who added that existing discounts could move 10 percent or so in either direction "I don't think they're going to get significantly deeper over the weekend because there's just not very much inventory You're not going to see things go to the 70 to 80 (percent off) like they were pretty much all quarter last year" 
Share:  While discounts abound and some have gotten steeper over time, Needham & Co analyst <span class="analyst">Christine Chen</span> does not think shoppers have much to gain by pushing things closer to the Christmas deadline for buying gifts Tweet this 

Aeropostale Falls After Third-Quarter Sales Miss Estimates (Bloomberg) - Dec 03, 2009

Sales at stores open at least a year climbed 7 percent in November, the retailer said today in a statement. That missed the 8 percent average of analysts' estimates compiled by Swampscott, Massachusetts based Retail Metrics Inc. Aeropostale "may have slightly missed out on incremental sales by not having enough woven tops in the stores," Christine Chen , a San Francisco based analyst with Needham & Co., wrote in a note today. "They are chasing that business and correcting it for spring, which we find encouraging." . Chen cut her share price forecast to $42 from $50 and reiterated a "buy" rating for the retailer. 
Share:  That missed the 8 percent average of analysts' estimates compiled by Swampscott, Massachusetts based Retail Metrics Inc. <span class="company">Aeropostale</span> "may have slightly missed out on incremental sales by not having enough woven tops in the stores," <span class="analyst">Christine Chen</span> , a San Francisco based analyst with Needham & Co., wrote in a note today. Tweet this 

Black Friday Deals: Online Bargains (TheStreet.com - Latest Headlines) - Nov 27, 2009

The sale ends this Sunday. Old Navy is selling jeans at just $15 for adults and $10 for kids. Tops are going for as low as $5. All outerwear is now 50% off. Many retailers are offering "buy one get one 50% off" on tops, says Christine Chen, a retail analyst at Needham & Co. Macy's is offering 40% discounts on coffee, tea and espresso makers and 20% off on men and women's apparel.  
Recent Research on Gap Inc. (GPS)
Gap Inc. Sales December Sales Pre-Recorded Call (Thomson Street Events)- Jan 07, 2010
Gap Inc. Sales November Sales Pre-Recorded Call (Thomson Street Events)- Dec 03, 2009
Gap Inc. (The) (S&P Credit Research)- Nov 23, 2009
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Share:  Many retailers are offering "buy one get one 50% off" on tops, says <span class="analyst">Christine Chen</span>, a retail analyst at Needham & Co. Macy's is offering 40% discounts on coffee, tea and espresso makers and 20% off on men and women's apparel. Tweet this 

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Christine Chen

Needham & Company

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