Consumer Goods New Lows: Coach Inc (NYSE:COH), Crumbs Bake Shop Inc (NASDAQ:CRMB), Reed’s, Inc. (NYSEMKT:REED), AEP Industries (NASDAQ:AEPI)



Coach Inc (NYSE:COH), the ailing retailer, is going through a hard time, and any turnaround effort will take several years along with lots of capital. According to the senior leaders of Coach, any turnaround activity is going to take some time. It will also take a good amount of capital to reposition Coach in the retail market which has become very competitive. Coach Inc (NYSE:COH) has been done continuously losing handbags and accessories market share to Michael Kors Holdings Ltd (NYSE:KORS) or Michael Kors. Coach Inc (NYSE:COH) stock performance was -0.66% in last session and finished the day at $40.44. Traded volume was 4.01million shares in the last session and the average volume of the stock remained 4.31million shares. The beta of the stock remained 1.17. Coach Inc (NYSE:COH) insider ownership is 0.80%.

New York-based Crumbs Bake Shop Inc. (NASDAQ:CRMB), which has two cupcake stores in Chicago, is on the ropes, its accounting firm warns. According to Crain’s New York Business, Crumbs’ accountants at Rothstein Kass, citing growing losses and a fast-dwindling pile of cash, say there is “substantial doubt about its ability to continue as a going concern” in the company’s most recent annual report. Crumbs Bake Shop Inc (NASDAQ:CRMB) dropped -11.76 percent to $0.300 Monday on volume of 254,785.00million shares. The intra-day range of the stock was $0.30 to $0.40. Crumbs Bake Shop Inc (NASDAQ:CRMB) has a market capitalization of $3.77million.

Reed’s, Inc. (NYSE MKT:REED), maker of the top-selling sodas in natural food stores nationwide, announced on 29 May 2014 that SpartanNash Stores (NASDAQ:SPTN) has agreed to begin carrying three flavors of Reed, Inc. (NYSE MKT:REED)’s and four flavors of Virgil’s craft sodas in over 100 of their supermarkets throughout the Midwest. Consumers will now be able to find Reed, Inc. (NYSE MKT:REED)’s and Virgil’s in the carbonated soft drink set of select SpartanNash banners including: Glens Markets, D&W Fresh Markets, VG’s Food & Pharmacy and Family Fare Supermarkets. Reed’s, Inc. (NYSEMKT:REED)’s stock on 02 June, 2014 reported a decrease of -9.49% to the closing price of $4.29. Its fifty two weeks range is $4.26 -$8.98. The total market capitalization recorded $55.93million. The overall volume in the last trading session was 143,254.00million shares. In its share capital, REED has 13.04million outstanding shares.

AEP Industries (NASDAQ:AEPI) is retiring more than 6,500 MWs of additional coal units between now and mid-2015. This is primarily a result of the Mercury and Air Toxics Standards (MATS) rules, but the current market structure in PJM is not providing the type of long-term pricing signals necessary for us to make long-term investment decisions regarding the compilation of our future, post-MATS fleet. The company has stated publicly that 89 percent of the generation that AEP will be retiring in 2015 was called upon to meet electricity demand in January 2014. These units were called upon by PJM and relied upon to maintain regional reliability. On Monday, shares of AEP Industries (NASDAQ:AEPI) dropped -3.17% to close the day at $30.86. Company return on investment (ROI) is 8.90% and its monthly performance is recorded as -10.86%. AEP Industries (NASDAQ:AEPI) quarterly revenue growth is -29.69%.

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