Company profile

Ticker
SSI
Exchange
CEO
Michael L. Glazer
Employees
Incorporated in
Location
Fiscal year end
Former names
Apparel Retailers Inc
SEC CIK
IRS number
911826900

SSI stock data

(
)

Calendar

12 Dec 19
14 Dec 19
1 Feb 20

News

Company financial data Financial data

Quarter (USD) Nov 19 Aug 19 May 19 Feb 19
Revenue 414.98M 381.85M 340.83M 537.72M
Net income -15.91M -23.93M -47.49M -7.76M
Diluted EPS -0.55 -0.83 -1.67 -0.28
Net profit margin -3.83% -6.27% -13.93% -1.44%
Net change in cash 850K 2.63M 6.96M -10M
Cash on hand 26.27M 25.42M 22.79M 15.83M
Cost of revenue 315.49M 295.2M 277.6M 403.66M
Annual (USD) Feb 19 Jan 17 Jan 16 Jan 15
Revenue 1.64B
Net income -87.71M -37.9M 3.78M 30.85M
Diluted EPS -3.13 -1.4 0.12 0.96
Net profit margin -5.34%
Net change in cash 2.03M -2.68M -678K
Cash on hand 15.83M 13.8M 16.49M 17.17M
Cost of revenue 1.25B 1.14B 1.21B 1.19B

Financial data from company earnings reports

Financial report summary

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Risks
  • We face significant competition from other retailers, which may adversely affect our sales and profitability
  • If we are unable to successfully execute our strategies, our operating performance may be significantly impacted.
  • Our failure to anticipate and respond to changing guest preferences in a timely manner may adversely affect our operations.
  • Failure to successfully grow our Gordmans off-price business as planned may adversely affect our results of operations and financial condition.
  • Our failure to attract, develop and retain qualified employees may negatively impact the results of our operations.
  • Risks associated with our vendors from whom our products are sourced may have a material adverse effect on our business and financial condition.
  • Risks associated with our carriers, shippers and other providers of merchandise transportation services may have a material adverse effect on our business and financial condition.
  • Failure to obtain merchandise product on normal trade terms may adversely impact our business, financial condition and cash flows.
  • There can be no assurance that our liquidity will not be affected by changes in macroeconomic conditions.
  • The Credit Facility contains covenants that may impose operating restrictions and limits our borrowing capacity to the value of certain of our assets.
  • The inability or unwillingness of one or more lenders to fund their commitment under the Credit Facility may have a material adverse impact on our business and financial condition.
  • Our dependence upon cash flows and net earnings generated during the fourth quarter, including the holiday season, may have a disproportionate impact on our results of operations.
  • Changes in our private label credit card program may adversely affect our sales and/or profitability.
  • Unexpected costs may arise from our current insurance program and our financial performance may be affected.
  • An economic downturn or decline in consumer confidence may negatively impact our business and financial condition
  • We are subject to payment-related risks that may increase our operating costs, expose us to fraud or theft, subject us to potential liability and potentially disrupt our business.
  • Unusual weather patterns or natural disasters may negatively impact our financial condition.
  • An event adversely affecting any of our buying, distribution or other corporate facilities may result in reduced revenues
  • War, acts of terrorism, Mexican border violence, public health issues and natural disasters may create uncertainty and may result in reduced revenues
  • The price of our common stock as traded on the New York Stock Exchange may be volatile.
  • If we cannot meet the NYSE’s continued listing requirements, the NYSE may delist our common stock.
  • Changes in the regulatory or administrative landscape could adversely affect our financial condition and results of operations.
  • Our business may be materially and adversely affected by changes to fiscal and tax policies.
  • We may be subject to periodic litigation and regulatory proceedings which may adversely affect our business and financial performance.
  • If our trademarks are successfully challenged, the outcome of those disputes may require us to abandon one or more of our trademarks
  • A disruption of our information technology systems may have a material adverse impact on our business and financial condition.
  • A security breach that results in unauthorized disclosure of guest, employee, vendor or our company information may adversely impact our business, reputation and financial condition.
Management Discussion
  • Our 2019 strategy is to grow our off-price stores, emphasize trending merchandise such as home goods, drive sales through pre-conversion promotions associated with our transition to off-price, and exit underperforming department stores. These initiatives, along with the strong performances of our home and women’s categories, contributed to the 17.4% increase in comparable sales for the third quarter 2019. Based on the sales trend for the year-to-date 2019, we expect to generate positive comparable sales for the fourth quarter.
  • In October 2019, we launched Amazon Hub Counter (“Counter”) pick-up points in our off-price and department stores. With Counter, Amazon shoppers have the option to pick up their Amazon packages at our stores. Counter is currently available over 700 of our stores. While it is still too early to determine the impact of the program on our sales, we expect Counter to bring in additional traffic to our stores.
Content analysis ?
Positive
Negative
Uncertain
Constraining
Legalese
Litigous
Readability
H.S. sophomore Avg
New words: actuarial, airplane, Amazon, announced, bring, bringing, broad, comprehensive, Counter, customary, discontinuance, discontinue, document, domain, eliminating, embedded, faster, formatted, fun, global, Hub, hunt, incentive, industry, Inline, instance, Interactive, land, launched, leaseback, nameplate, national, offering, opportunity, pick, pivot, population, range, scarcity, shopping, situation, slowdown, space, sustained, treasure, turnover, uncertain, world, XBRL
Removed: advertising, Circle, emphasizing, exiting, expanded, impacted, operate, specialty, Style