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Tue, Sep. 9, 3:33 PM
Thu, Aug. 21, 10:46 AM
- Yoga apparel sales grew 45% last year while participation in yoga the sport was only up 4.5%, according to industry tracking.
- The disparity indicates the impressive momentum built up by the athleisure category is beyond just a fad.
- Barclays forecasts that the broader retail athletic apparel market will grow by around 50% to exceed $100B by 2020.
- The trend is positive for early adopters Lululemon (NASDAQ:LULU), Under Armour (NYSE:UA), Gap (NYSE:GPS), Nike (NYSE:NKE) - while a host of other retailers (LB, DKS, TJX, TGT) and department store chains (KS, BONT, DDS, M, JCP) say they will try to carve out space in the athleisure market for themselves.
- On tap: Designers have their eyes on creating more men's lines and hybrid yoga-business outfits that will fly in the C-suite.
Thu, Aug. 21, 7:01 AM
Wed, Aug. 20, 5:30 PM
Wed, Aug. 13, 10:26 AM
- Department store stocks are lower after Macy's misses estimates with its Q2 report and warns on consumer spending.
- Decliners: Nordstrom (NYSE:JWN) -2.2%, Sears Holdings (NASDAQ:SHLD) -1.8%, Kohl's (NYSE:KSS) -2.7%, J.C. Penney (NYSE:JCP) -2.1%, Bon-Ton Stores (NASDAQ:BONT) -3.5%, Dillard's (NYSE:DDS) -2.2%.
- The downward comp sales revision from Macy's and the flat reading on U.S. retail sales growth appears to be impacting big-box retailers Target (TGT -1%) and Wal-Mart (WMT -0.9%) as well.
Wed, Aug. 13, 8:38 AM
- A warning from typically-resilient Macy's (NYSE:M) on consumer spending could send a chill into the retail sector.
- CEO Terry Lundgren says that many of the department store's customers aren't feeling comfortable about spending more in an "uncertain" economic environment.
- That analysis from a sector bellwether indicates a crowding out effect could be in play as consumers spend freely on housing, automobiles, and travel.
- On watch: KSS, JWN, DDS, JCP, BONT, LB, TLYS, CACH.
- Consumer discretionary-focused ETFs: XLY, XRT, VCR, RTH, RETL, FXD, FDIS, PMR, RCD
Thu, Jun. 12, 8:52 AM
- Department stores (DDS, M, SSI, BONT, SHLD, JCP, KSS, JWN) showed sluggish growth in May. Sales in the sub-category fell 1.4% M/M and 2.0% Y/Y.
- As expected, building material & garden sales (HD, LOW) showed some late-spring strength. Sales rose 1.1% M.M and 4.6% Y/Y.
- The catch-all miscellaneous store retailers category (ODP, PETM) packed the biggest month-over-month pop of all at 1.8%.
- Full Retail Sales report (.pdf)
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Thu, May. 22, 7:03 AM| Comment!
Wed, May. 21, 5:30 PM
Tue, May. 20, 4:51 PM
Mon, Apr. 28, 11:14 AM
- A number of beat-up department store stocks are showing surprising strength to start off the week.
- J.C. Penney (JCP +7.6%), Sears Holdings (SHLD +3.3%), Kohl's (KSS +1.9%), and Bon-ton Stores (BONT +2.2%) are making the strongest moves.
- Retail analysts attribute the rally to some positive channel checks in the sector, while recent positive comments from execs at V.F. Corp and Phillips-Van Heusen haven't hurt sentiment. (VFC cc transcript, PVH cc trancsript)
Mon, Apr. 21, 1:59 PM
- Some out-of-favor department store stocks are showing tidy gains today, led by J.C. Penney (JCP +8.3%) and Sears Holdings (SHLD +3.3%).
- Though there have been a few positive signs in the retail sector that momentum has picked up following a sluggish Q1, today's action is tied to some momentum buying following an extended beating on the sector from investors.
- Dillard's (DDS +0.7%), Macy's (M +1.1%), and Bon-Ton Stores (BONT +1.9%) are also out-performing mildly on the day.
Tue, Mar. 18, 3:39 PM
Thu, Mar. 13, 9:15 AM
- Department store sales outpaced overall retail sales in February with a 0.7% M/M gain.
- A pickup in traffic during the last half of the month helped sales, but the category showed a 4.8% Y/Y drop in an indication of just how far mall traffic has dropped off.
- Related stocks: DDS, M, SSI, BONT, SHLD, JCP, KSS, JWN.
Tue, Mar. 11, 10:46 AM
BONT vs. ETF Alternatives
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