Sep. 5, 2013, 10:20 AM
Aug. 28, 2013, 10:50 AM
- Retail traffic to U.S. stores has declined in 8 out of the last 10 weeks, according to data compiled from ShopperTrak.
- Though a few on-trend firms such as Michael Kors (KORS +0.1%) and Express (EXPR +8.5%) are still firing on all cylinders, and a heat wave in the Midwest has had an effect, the overall trend for the back-to-school season and holiday season looks weak.
- Analysts also think consumers are likely to pick up their reliance on deals as discretionary spending on housing and automobiles "crowds out" normal outlays.
- Related ETFs: XRT, RTH, PMR, RETL.
- Related stocks: APP, AEO, ANF, AZO, BBBY, BBY, BJ, CHS, COH, COST, DG, FDO, FL, GPS, HD, JCP, JNY, JWN, KSS, LTD, LULU, M, NDN, ODP, ORLY, PIR, RGS, RL, SKS, SPLS, TGT, TIF, TJX, UA, UNFI, URBN, VFC, WMT, WRC, ZLC.
Aug. 26, 2013, 10:46 AM
- A consumer paradigm shift toward "things that last" could disrupt the critical holiday shopping season, according to retail analysts.
- After a Q2 which saw Home Depot (HD), Lowe's (LOW), Best Buy (BBY), hhgregg (HGG), and Conn's (CONN) report solid sales for appliances, a fresh forecast from IBM sees much of the same for H2 with discretionary spending tightening for apparel and incidentals.
- Looking for the trend to end: AEO, ANF, ARO, BBBY, BBY, BJ, CHS, COH, COST, DG, DLTR, GPS, JCP, JWN, KSS, LTD, M, NDN, NKE, PIR, PLCE, RL, RSH, SKS, SPLS, TGT, TIF, TJX, URBN, WMT, WSM, BKE, PSUN, ZUMZ, EXPR
Aug. 15, 2013, 12:01 PM
- Kohl's (KSS +4.9%) trades higher as investors reward the retailer for showing some gains in margins.
- Sterne Agee analysis: The investment firm notes the national weather outlook for a cool, wetter early fall lands in Kohl's sweet spot for its assortment.
- BMO analysis: Kohl's stable sales trends and gross margin improvement could help support the company's share price. The retailer's level of free cash flow is also viewed as attractive.
Aug. 15, 2013, 8:19 AM
- Kohl's (KSS) met analyst estimates for Q2, but the retailer's guidance is in focus.
- The outlook for full-year EPS is trimmed to $4.15-$4.35, from a prior range of $4.15-$4.45.
- The retailer's ability to grow comparable store sales during the same quarter Macy's fell back is a positive sign.(PR)
- KSS +1.8% premarket.
Aug. 15, 2013, 7:02 AM
- Kohl's (KSS): Q2 EPS of $1.04 in-line.
- Revenue of $4.29B in-line. (PR)
Aug. 15, 2013, 12:05 AM
Aug. 14, 2013, 5:30 PM
Aug. 14, 2013, 8:18 AM
- Department store stocks could see some selling pressure after sector leader Macy's stumbles a bit in Q2.
- The message from Macy's couldn't have been more clear: U.S. consumers are still cautious on spending for discretionary items.
- On watch: Nordstrom (JWN), Kohl's (KSS), Saks (SKS), Dillard's (DDS), J.C. Penney (JCP), Sears Holdings (SHLD), The Bon-Ton Stores (BONT).
Aug. 7, 2013, 12:04 PM
- The slash in profit guidance from American Eagle Outfitters (AEO -3.2%) earlier this week seems to have set off a ripple effect that is still spreading.
- Yesterday, it was mall-based retailers which took it on the chin and today Deutsche Bank is out with lowered comparable-store sales estimates for Dick's Sporting Goods (DKS -1.2%), Kohl's (KSS -1.2%), Target (TGT -0.4%), J.C. Penney (JCP -3.2%), and Staples (SPLS -1.4%).
- Boutique firm Cleveland Research - which has a solid history of calling out moves in Wal-Mart's (WMT -0.8%) sales trends - is reported to have turned negative on the retailing giant.
- The S&P Retail ETF (XRT) is off 1.7% after falling back yesterday too.
Jul. 19, 2013, 8:31 AM
Jefferies hikes its price target on a "transitioning" Best Buy (BBY) from $31 to $35 representing a 21% upside from Thursday's close as analyst Daniel Binder weighs in on the Q2 outlook for retailers following perceived "strength on pent-up demand" in May and early June. Binder says HD and LOW "look strongest" while KSS and DLTR "could get to the high end of plan [and] WMT should show improvement in food."| Jul. 19, 2013, 8:31 AM
Jul. 18, 2013, 1:19 PMThe S&P's 13.8% H1 gain was walloped by a strategy of buying the cheapest stocks based on P-E (+29.6%) or buying those spending the most to buy back shares (+29.1%). How about those companies with low P-Es also buying back stock? A landmark study from 2 decades ago found the strategy to be a winner. Three S&P companies passing the screen today are Kohl's (KSS), Western Union (WU), and Pfizer (PFE). | Jul. 18, 2013, 1:19 PM | 1 Comment
Jun. 25, 2013, 2:57 PMDermStore Beauty Group has hired Wells Fargo to find a buyer, according to the The Wall Street Journal's Dana Mattioli. A deal in the neighborhood of $100M-$150M for the company's stable of skin care and cosmetics brands could make imminent sense for a department store (KSS, JWN, M, SKS, BONT) looking to boost online sales, although cash-poor J.C. Penney (JCP +3.9%) for one might have to sit out the bidding. | Jun. 25, 2013, 2:57 PM
Jun. 18, 2013, 3:05 PM
Jun. 13, 2013, 8:43 AM
More on May Retail Sales: As expected the late start to the spring season helped boost the building material & garden equipment category (HD, LOW, SHLD, WMT) as sales improved 0.9% M/M and 10.1% Y/Y. Grocery store sales (KR, SVU, SWY, WFM) were solid during the month, while department store sales (KSS, DDS, JCP, M, JWN) came in a touch light.| Jun. 13, 2013, 8:43 AM
Jun. 4, 2013, 9:03 AM
More on ICSC Retail Store Sales: The retail reading from Memorial Day week was solid as some pent-up demand was released. Department stores (M, JWN, KSS, JCP, SKS, DDS, SHLD, BONT, TJX) showed strength - while furniture sales (RH, HOFT, FBN, HVT, PIR, ETH, BSET) didn't quite keep up.| Jun. 4, 2013, 9:03 AM