Wedbush Notes Better Inventory at Francesca's (FRAN), Promotional Traffic at Old Navy and Banana and Strong Traffic at Express (EXPR)

In Specialty retail, Wedbush analyst Morry Brown noted Francesca's Holdings (NASDAQ: FRAN) inventory levels better year-over-year, Old Navy and Banana (NYSE: GPS) drive traffic with stepped up promotions and Express (NYSE: EXPR) generates strong traffic with similar YOY promotions.

Brown commented,: "Positive trends continue at FRAN, with clearance inventories down notably YOY. Select locations had less than half a rack of clearance (or none at all) pre-Christmas. Old Navy and Banana Republic ramped promotions YOY and were successful at moving inventory over the weekend, but only at the cost of margin. Traffic and conversion remained strong at EXPR, with promotional activity tracking similar to LY. Given less frequency of storewide promotions this year, we believe the 50% promotion spurred urgency from customers. Inventory levels are well down from LY, both in clearance and across the full price assortment."

For an analyst ratings summary and ratings history on Francesca's Holdings click here. For more ratings news on Francesca's Holdings click here.

Shares of Francesca's Holdings closed at $17.11 yesterday.

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