Randal Konik - Jefferies

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Last quote by Randal Konik

Chinese spending remains healthy ... and improving macro data in Europe should lead to better trends ahead.feedback
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May 24 2017 Japan
We can learn a lot about a person if we know what types of things he or she talks about or comments on the most frequently. There are numerous topics with which Randal Konik is associated, including Tiffany, trend, and headwind. Most recently, Randal Konik has been quoted saying: “JCP is taking necessary steps to effectuate its turnaround and is seeing some early traction with its various initiatives. But we remain cautious given a challenged [department] store environment and risks involved in a retail turnaround.” in the article JC Penney boasts long lines at Sephora, but it can't succeed without an apparel fix.
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Randal Konik quotes

While Tiffany's recovery has been hindered by external top-line headwinds, these now appear to be abating.feedback

Web-scrape still shows elevated promos. We've closely monitored the 'We Made Too Much' section of LULU's website and have observed heightened promo activity, which stands to threaten the significant GM [gross margin] expansion expected for 2H [second half] and potentially speaks to softening trends.feedback

We believe that the athleisure trend is plateauing, and we expect more conservative growth going forward.feedback

With consumers gravitating more towards a 'buy now, wear now' mentality and temperatures remaining warm across much of the country, we see those retailers that have more balanced assortments as better positioned over the coming weeks.feedback

With the weather now cooperating, this thesis is now playing out.feedback

The key takeaway following the [second-quarter] print is that the turnaround at Coach continues.feedback

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