ITG Investment Research Launches New Coverage of Department Stores

Wed Jul 10, 2013 8:01am EDT

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ITG Investment Research Launches New Coverage of Department Stores

Offers Monthly Insights Based on Proprietary Data Analysis

PR Newswire

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

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