NEW YORK, July 10, 2013 /PRNewswire/ -- ITG (NYSE:
ITG), a leading execution and research broker, today announced the
launch of new coverage of the department store
sector.
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)
The new ITG Investment Research department store coverage offers
proprietary views on Kohl's (NYSE: KSS), J.C. Penney (NYSE: JCP), Macy's (NYSE: M) and
Nordstrom (NYSE: JWN) using a consumer transaction panel of more
than 3 million individuals and 4 million accounts as well as
insights from ITG Investment Research's head retail analyst,
John Tomlinson.
The new department store reports from ITG Investment Research
provide institutional investors with monthly metrics including
revenue projections, average ticket size, consumer spending
patterns, shopping frequency and estimated market share.
"Multi-line retailers such as department stores can be difficult
to analyze given the breadth of their operations and the fact that
many firms no longer report monthly comparable-store sales," said
Jie Zhang, Managing Director and
Co-Head of Research at ITG Investment Research. "Our new
department store research, combining a large proprietary dataset
with context and insights from a veteran retail analyst, offers
investors a real-time, powerful and differentiated tool for
investing in this important consumer sector."
ITG Investment Research provides coverage of over 300 companies
in more than 20 sectors. ITG IR also provides macro energy and
economic research and bespoke research projects. For more
information about ITG Investment Research, please contact
info@itg.com or call the New
York sales desk at 212-444-6100.
About ITG
ITG is an independent execution and research broker that
partners with global portfolio managers and traders to provide
unique data-driven insights throughout the investment process. From
investment decision through settlement, ITG helps clients
understand market trends, improve performance, mitigate risk and
navigate increasingly complex markets. ITG is headquartered in
New York with offices in
North America, Europe, and Asia
Pacific. For more information, please visit www.itg.com.
Media/Investor Contact:
J.T. Farley
(212) 444-6259
corpcomm@itg.com
SOURCE ITG