Dec. 29, 2015, 12:11 PM
- A report from MasterCard on a 7.9% increase in holiday spending is creating some optimism that retailers selling in certain categories could surprise with Q4 earnings.
- Double-digit sales gains were recorded for furniture spending (RH, PIR, HVT, BBBY, ETH, HOFT, OTCPK:BEST, W, LZB, OTCPK:LEFUF, BSET, WSM, RH, KIRK) and women's apparel (NWY, LB, ASNA) while the men's apparel and electronics categories were left behind.
- A late sales rush is also usually a positive sign for Signet (NYSE:SIG) and Tiffany (NYSE:TIF).
- Previously: Late rush may have turned holiday season around (Dec. 28)
Aug. 13, 2015, 8:50 AM
- The furniture and home furnishing stores category RH, PIR, HVT, BBBY, ETH, HOFT, OTCPK:BEST, W, LZB, OTCPK:LEFUF, BSET, WSM, RH, KIRK outperformed in today's report on retail sales.
- Sales were up 0.8 Y/Y and 6.1% Y/Y in July for the housing-related category.
- Department stores (KSS, JCP, SHLD, JWN, M) showed sluggish traffic trends again, sales were down 0.8% M/M and slumped 2.7% Y/Y.
- Sales in the food services category were up a solid 9.0% Y/Y.
- U.S. Census Bureau Retail Sales report (.pdf)
- Previously: July U.S. Retail Sales: +0.6% (Aug. 13 2015)
Apr. 14, 2015, 9:09 AM
- The furniture and home furnishing stores category in the March Retail Sales report outperformed most other businesses.
- Sales rose 1.4% M/M and 3.8% Y/Y during the month.
- The sector was on watch to see if there was any continued spillover impact from the West Coast slowdown.
- Furniture/home furnishing stocks: RH, PIR, HVT, BBBY, ETH, HOFT, OTCQB:BEST, W, LZB, OTCPK:LEFUF, BSET, KIRK, WSM.
- Retail Sales report (.pdf)
Feb. 20, 2015, 9:52 PM
- Some false alarms earlier, but the AP reports (and union spokesmen and the PMA started confirming) that agreement has been reached with West Coast dockworkers.
- The deal would end a nine-month negotiation that has led to significant slowdowns at 29 West Coast U.S. ports. Labor Secretary Thomas Perez urged the PMA and union workers to come to agreement today.
- The contract still needs union ratification.
- Affected furniture stocks: RH, PIR, HVT, BBBY, ETH, HOFT, OTCQB:BEST, W, LZB, OTCPK:LEFUF, BSET.
- Apparel stocks: KATE, ANN, LULU, PVH, VNCE, CRI, UA, HBI, VFC, COLM, GIL, SQBG, JCP, KSS, DDS, M, JWN, ARO, AEO, ANF, WTSL, TLYS, CACH, ZUMZ, PSUN, EXPR, BKE, GIII, SQBG, HBI, VRA, ICON, SHOO, BWS, PERY, DXLG, BONT, GES, URBN, RL,GIL, NKE, OXM, HBI, VNCE, PERY, ICON, FL.
- Previous coverage of the slowdown
Feb. 17, 2015, 12:53 PM
- The furniture market is seeing some disruption as the West Coast port slowdown continues.
- A stalled pace of imports is impacting wholesale pricing for companies relying on suppliers that ship to ports in California, Oregon, and Washington.
- Even companies without a heavy reliance on Asian imports are feeling a supply chain shock.
- Previously: West Coast port slowdown continues (Feb. 16 2015)
- Related stocks: RH, PIR, HVT, BBBY, ETH, HOFT, OTCQB:BEST, W, LZB, OTCPK:LEFUF, BSET.
Jul. 16, 2012, 12:49 PMBassett Furniture Industries (BEST): Declares $0.05/share quarterly dividend, in line with previous. Forward yield 1.7%. For shareholders of record Aug 15; Payable Aug 31; ex-div date Aug 13. (PR) | Jul. 16, 2012, 12:49 PM
Shiner International, Inc. was formed in 2003. In 2005, the firm began to produce coated films in single and double-layer varieties and sophisticated BOPP films with increasing market success. Today, Shiner is focused on the research, development and marketing of Coated, Anti-counterfeit,... More
Sector: Consumer Goods
Industry: Packaging & Containers
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