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Article: ANALYST: SOUTHWEST IS BIG ENOUGH FOR KOHL'S, MERVYN'S.(Brief Article)
- Article from:
- HFN The Weekly Newspaper for the Home Furnishing Network
- Article date:
- July 29, 2002
CopyrightCOPYRIGHT 2002 MacFadden Communications Group LLC. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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NEW YORK-Deborah Weinswig, equity analyst at Salomon Smith Barney, said in her research note last week that Kohl's entrance into Southern California, Phoenix and Las Vegas, where Target operates 62 Mervyn's stores, would have a "minimal" impact on Target's earnings per share.
Weinswig said that including the recent store openings in Houston, Mervyn's overlaps Kohl's in 36 percent of its markets.
"Kohl's is gearing up for another competitive encroachment, but this time, ...