There was certainly shopper excitement early on, but it wasn't sustained. Clearly their Black Friday strategy worked. But their holiday was modestly disappointing as they went on.
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Investors know this year will not be a great litmus test. The acquisition is a wealth of opportunity for Federated and it is something that will be executed diligently over time.Dan Popowics
They are a ways away from hitting on all cylinders. There is a healthy core, but they are continuing to divest some of their slower growth areas.
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There's reason for optimism. A lot is likely to happen in the next 12 months.
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They have marked time by working off the (buyout price) premium and some of the uncertainty.
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With cool spring weather retailers were unable to sell much seasonable merchandise in March. Easter is coming at the tail end this year. That means April will make or break their fiscal first quarter.
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