Wed, Nov. 30, 3:21 PM
Tue, Nov. 29, 9:20 AM
- The latest read from Redbook on retail store sales indicates that sales are up 1.2% Y/Y through the first 26 days of the month. Redbook expects a 1.4% gain for the month.
- Department stores reported strength in gift merchandise, including small appliances, accessories and cold weather apparel. The level of discounting in the sector will have a large impact on how Q4 earnings play out.
- Related stocks: DDS, M, SSI, BONT, SHLD, JCP, KSS, JWN.
- Previously: Redbook Chain Store Sales: +2.2% (Nov. 29)
Tue, Nov. 15, 10:56 AM
- Kohl's (KSS -0.8%) began selling the Apple Watch today at 400 stores and online.
- The company has sizable Apple stands in the participating stores amid other active and wellness products.
- Kohl's has a broader Apple presence than many of its department store rivals, including Macy's which only sells the Apple Watch at 180 stores.
- Kohl's Apple Watch page
Mon, Nov. 14, 10:33 AM
- Department store stocks are rallying right along with other mall names on a boost in confidence from investors and analysts that consumer spending will perk up and GOP tax policy will help lift profits across the sector.
- Sears Holdings (SHLD +4.3%), J.C. Penney (JCP +3.8%), Kohl's (KSS +5.1%), Bon-Ton Stores (BONT +6.7%), Nordstrom (JWN +5.7%) and Dillard's (DDS +4.8%) are all solidly higher.
- An interesting case is Macy's (M +5.2%) which drew the ire and Twitter hostility from Donald Trump during the primaries. Shares of Macy's are up 18% since the election as investors assume that the Trump-Macy's feud is a non-factor.
- Previously: Vibrant rally for clothing and footwear stocks (Nov. 14)
- Previously: Investors see upside with apparel store stocks (Nov. 14)
Mon, Nov. 14, 8:00 AM
- Barron's points to a handful of companies which could benefit significantly from a lower corporate tax rate in the future as a result of the GOP election sweep last week.
- Altria Group (NYSE:MO), CSX (NYSE:CSX), Dollar General (NYSE:DG), Kohl's (NYSE:KSS) and CVS Health (NYSE:CVS) all paid out effective tax rates of over 36% during the last five years.
Thu, Nov. 10, 9:17 AM
- Gainers: TUBE +82%. SODA +18%. AHT +11%. AEG +10%. ZLTQ +10%. NAT +9%. TASR +9%. MTL +9%. SHAK +8%. KSS +8%. EBIO +8%. UBS +8%. PUK +7%. FCEL +8%. ARIA +6%. FCX +6%. RBS +6%. ENDP +6%. BCS +6%. CS +5%.
- Losers: SUNW -31%. ANTH -19%. BVX -14%. NVAX -11%. WUBA -11%. BBD -8%. SEDG -7%. RRR -6%. AZN -6%. VIV -6%. SBS -5%. NGG -5%.
Thu, Nov. 10, 7:38 AM
Thu, Nov. 10, 7:18 AM
- FQ3 (ended Oct. 29) net income of $142M or $0.80 per share vs. $144M and $0.75 earned a year earlier. Expectations had been for $0.70.
- Comparable store sales -1.7% vs. a gain of 1% a year ago.
- Ended quarter with 1,155 Kohl's stores vs. 1,166 a year ago.
- Full-year EPS is guided to $3.80-$4.00, the midpoint slightly ahead of $3.88 consensus.
- The buyback authorization is lifted by $2B.
- Earnings call at 8:30 ET
- Previously: Kohl's beats by $0.10, misses on revenue (Nov. 10)
- KSS +9.2% premarket
Thu, Nov. 10, 7:06 AM
Wed, Nov. 9, 5:30 PM
Wed, Nov. 9, 1:14 PM
- Retail store chains are breaking higher as investors digest the impact of the GOP sweep.
- A very popular topic on Q3 conference calls was election anxiety in the U.S., with the thought that consumers were holding back.
- An interesting point is that in recent consumer sentiment surveys Republicans showed a sharply lower positive reading on the state of affairs than Democrats. If the theory holds out, close to 60M Trump voters will now open their pocketbooks a bit more.
- Gainers include Fred's (FRED +10.5%), Tuesday Morning (TUES +7.1%), Kroger (KR +4.2%), Whole Foods Market (WFM +2.5%), Supervalu (SVU +4.2%), Ollie's Bargain Outlet Holdings (OLLI +3%) Stage Stores (SSI +6.7%), Build-A-Bear Workshop (BBW +2.7%), Kohl's(KSS +3.3%), Dillard's (DDS +2.2%), Stein Mart (SMRT +4.5%), Tailored Brands (TLRD +4.1%), Guess (GES +3.6%), Gap (GPS +3.1%), Buckle (BKE +3.6%) and PriceSmart (PSMT +1.4%).
Thu, Nov. 3, 2:49 PM
- Kohl's (KSS -0.6%) will sell Apple Watch products at 400 of its stores beginning on November 15.
- The department store operator plans to position Apple Watch in its activewear and wellness sections.
- Kohl's already has a deal with Under Armour that will help bolster its activewear and wellness sections.
Tue, Oct. 18, 10:22 AM
- Cowen lowers its estimates on Kohl's (KSS -0.5%) a few weeks in front of the department store chain's earnings report. A lower level of comparable sales is the main driver of the gloom.
- The investment firm now sees Q3 EPS of $0.65 vs. $0.72 prior and $0.71 consensus. The view on full-year EPS goes to $3.73 vs. $3.82 prior and $3.88 consensus.
- Kohl's is now down 6% over the last five trading sessions.
Mon, Oct. 17, 1:02 PM
- Investors appear to be a little edgy about the chain store sector with the earnings season just starting to ramp up.
- Dillard's (DDS -4.3%) and Bon-Ton Stores (BONT -5%) are down significantly, while Kohl's (KSS -1.3%), Big Lots (BIG -0.7%), Fred's (FRED -1.6%), Target (TGT -1.2%), Five Below (FIVE -2.6%), Pier 1 Imports (PIR -5.3%), and Barnes & Noble Education (BNED -2.4%) are all tracking below broad market averages.
- There isn't a lot of consensus about what's been holding back U.S. consumers. Today, higher gas prices is being floated around as a factor, while last week it was election anxiety.
- 12-month chart of gas prices in the U.S. via GasBuddy.
- Previously: Retail sales track higher as expected (Oct. 14)
- Previously: Winners and losers from the retail sales report (Oct. 14)
- ETFs: XLY, XRT, VCR, RTH, RETL, FXD, FDIS, RCD, PMR, CNDF, FTXD, JHMC.
Mon, Sep. 19, 8:59 AM| Mon, Sep. 19, 8:59 AM
Sat, Aug. 27, 11:34 AM
- Many retailers are tightening up this year by reducing their store count or converting more locations to e-commerce fulfillment centers. Analysts note that although the strategy will lower revenue, over time the group should see improved bottom lines as underperforming stores are cut back and online efficiency improves. Amid the skittish trading with chain store stocks there could be some value deals.
- Store chains that currently trade with a PE ratio below 15 and offer a dividend yield of at least 2% include: TLRD, BKE, SMRT, GPS, AEO, CHS, CATO, TGT, KSS, M, HVT, WSM, PIR, BKS, OUTR, ODP, SPLS.
- ETFs: XLY, XRT, VCR, RTH, RETL, FXD, IYC, FDIS, SCC, RCD, UCC, PMR, JHMC, CNDF.