Mon, Feb. 23, 5:30 PM
- AIXG, ALKS, AMT, BMO, CBRL, CEQP, CLDT, CLDX, CMCSA, CMLP, COT, CRNT, CRZO, CYRN, DAKT, DCI, DPZ, DRH, DYAX, ECL, EXAS, EXLS, EXPD, FDML, GLDD, GTLS, HD, IART, IPXL, M, MNKD, NEO, ODP, PCRX, PF, PLL, RLGY, SAFM, SAH, SHLX, SHOO, SPAR, SPWR, SUI, THRM, TOL, TREX, TRXC, UTHR, VAL, VSI, WEN, WIN, WLK, WPC, ZINC
Wed, Feb. 18, 1:21 PM
- Ace Hardware has rolled out a pilot same-day delivery service at 33 stores.
- Customers are charged $5 for a delivery placed online from a location within 5 miles of a store.
- The company will consider launching the service nationally if the pilot program goes well.
- Home Depot (NYSE:HD) launched a same-day shipping program late last year which aims to significantly increase the number of orders received by customers within two days.
- Ace Hardware has 4.6K stores compared to Home Depot's 2,266 locations and Lowe's 1,836 (NYSE:LOW) outlets in North America.
Thu, Feb. 12, 9:43 AM
- The read on retail sales in the U.S. isn't nearly as bad as the headline -0.8% M/M drop for January.
- Retail sales were up 3.3% compared to a year ago with a few sectors showing strong growth.
- Restaurant sales +11.3% Y/Y: The strong read follows up on a positive report from Black Box Intelligence on the sector. CAKE, CBRL, CMG, DPZ, DRI, EAT, JACK, PNRA, RRGB, RT, SBUX, SONC, WEN, BWLD, BDL, NATH, LUB, CHUY, BLMN, PZZA, TXRH, DENN, KKD, BBRG, DFRG, BOBE, RUTH, IRG, DIN, HABT, NDLS, PLKI, LOCO, YUM, KKD, TAST, GTIM, FRSH, COSI, FRS, PBPB, FRGI, QSR, CBRL, BLMN, ZOES.
- Sporting goods +8.0% Y/Y: DKS, BGFV, CAB, HIBB, SPWH.
- Building material and garden +6.9% Y/Y: A favorable weather compare came to the aid of this category. HD, LOW, LL.
- Health and personal care +6.6% Y/Y: Online channels have contributed for companies selling beauty and health items. ULTA, SBH, CVS, WBA, RAD.
Tue, Feb. 10, 8:05 AM
Tue, Jan. 20, 10:56 AM
- The Supreme Court passes on hearing a case over the level of swipe fees charged by banks to retailers.
- The cap on swipe fees will stand at $0.21-$0.24 following the high court decision.
- Intense lobbying from the financial services industry prompted the Fed to move off its original recommendation for a $0.12 cap.
- The National Retail Federation and other consumer groups have vowed to keep the fight going.
- Related stocks: V, MA, WMT, TGT, BBY, CVS, WBA, COST, HD, LOW, GPS, M.
Fri, Jan. 16, 9:19 AM
Wed, Jan. 14, 9:17 AM
- A slide in retail sales during December was impacted by weakness with the electronics stores (BBY, CONN, HGG) and building materials/garden equipment (HD, LOW) categories.
- The biggest drag on the index was the gasoline stations component (CASY, PTRY]]) which recorded a 6.5% M/M and 14.2% Y/Y decline in December.
- Good news for the restaurant sector (MCD, QSR, YUM, SONC, WEN) as sales were up 0.8% M/M and 8.2% Y/Y during the month.
Thu, Jan. 1, 2:19 AM
- Dow: INTC +41%; UNH +35%; HD +28%; CSCO +25%; MSFT +25%.
- S&P 500: LUV +125%; EA +106%; EW +95%; AGN +92%; AVGO +91%.
- Nasdaq: AAL +112%; EA +106%; AVGO +91%; GMCR +78%; ILMN +68%.
Dec. 23, 2014, 7:11 PM
- The Dow Jones Industrials closed above 18,000 today for the first time ever, and one stock - Visa (NYSE:V), which contributed nearly twice the point gain of runner-up Goldman Sachs (NYSE:GS) - deserves by far the most credit for sparking the 1,000-point advance from 17,000 in July.
- Visa rallied 23% during the 120 trading days, meaning it contributed 313 points to the Dow's climb, with about half coming on a single day, Oct. 30, when the stock jumped 10% following better than expected quarterly results.
- Part of Visa’s Dow dominance is due to its size in the price-weighted index; other companies that rose more than Visa since the Dow crossed 17,000 in July - such as Home Depot (NYSE:HD), which jumped 26% and boosted the Dow by 139 points - accounted for fewer points of the Dow’s rise.
Nov. 25, 2014, 1:25 PM
Nov. 20, 2014, 4:43 PM
Nov. 19, 2014, 8:37 AM
- Target (NYSE:TGT) says YTD costs for the large 2013 data breach are at $140M on a pre-tax basis.
- Total gross expenses of $248M since Q4 of last year have been partially offset by a $90M insurance receivable.
- The retailer says future data-breach expenses are not expected to be material.
- The ratio of insurance coverage to costs could be of interest to breach brethren Home Depot (NYSE:HD) and Staples (NASDAQ:SPLS).
Nov. 18, 2014, 10:54 AM
- Execs with Home Depot (HD -1.5%) were very positive on the start to Q4 during the company's earnings call this morning.
- Sales for the first two weeks of November were "impressive."
- Home Depot's home improvement market share rose 23 bps to 27.07% over the last year. The tally includes strong growth in the online channel.
- Fulfillment centers will cover 90% of the U.S. for parcel shipments next year.
- Spending in the pros business has been vibrant, according to management. Interestingly, DIY boomers are started to opt for hiring pros.
- There's a hint from management that Home Depot will raise its dividend in Q1 of 2015.
Nov. 18, 2014, 8:41 AM
- Home Depot (NYSE:HD) was a little fuzzy today on how much the massive data breach in September will end up costing it.
- For now, the home improvement giant is going with $28M in expenses for the current quarter and $34M for FY14. The legal part of the expense equation remains an unknown variable.
- Shares of Home Depot are down 0.7% in early action as analysts seem focused on the conservative guidance from the company in the face of strong comps.
- Previously: Home Depot beats estimates, strong comps power Home Depot in Q3
Nov. 18, 2014, 6:59 AM
- Home Depot (NYSE:HD) reports comparable-store sales rose 5.2% during Q3.
- The comp delivered in the U.S. was 5.8%.
- Total operating expenses increased 2.8% to $4.632B during the period, led by a 3.0% rise in SG&A expenses.
- Merchandise inventory +5.8% to $12.01B.
- Guidance: 2014 sales growth of 4.8% expected and a forecast for 2014 EPS of $4.54 is reaffirmed.
- HD -0.8% premarket.
Nov. 18, 2014, 6:05 AM
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