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Thu, Feb. 11, 11:46 AM
- There's some nervous trading on stocks associated with consumers spending money on their houses. Today's macroeconomic news and stock market decline are cutting into confidence over consumer spending patterns.
- Pier 1 Imports (PIR -7.9%), Mattress Firm (MFRM -3.1%), Tile Shop (TTS -2.9%), Lumber Liquidators (LL -5.8%), Restoration Hardware (RH -3.6%), Bed Bath & Beyond (BBBY -2.5%), La-Z-Boy (LZB -3%), Kirkland's (KIRK -2.3%), and Williams-Sonoma (WSM -2.5%) are all lower than broad market averages.
- Lowe's (LOW -1.5%) and Home Depot (HD -1.2%) are showing a milder loss.
Wed, Jan. 27, 11:21 AM
Tue, Jan. 19, 2:45 PM
- A major push by IKEA to increase online sales could have a ripple effect across the furniture industry.
- Home24 CEO Domenico Cipolla thinks IKEA's reach will help it familiarize consumers with the process of buying furniture online. The development could help his firm and other Internet-based sellers.
- On the brick-and-mortar side, analysts warn as IKEA moves more items online some major chains will see pricing pressure.
- IKEA is also testing a smaller-store format which leans on selling online fulfillment.
- Related stocks: LZB, PIR, RH, TGT, ETH, WSM, HVT.
Thu, Jan. 14, 8:24 AM
- Consumer discretionary stocks on watch today include Ethan Allen (NYSE:ETH), La-Z-Boy (NYSE:LZB), Pier 1 Imports (NYSE:PIR), Kirkland's (NASDAQ:KIRK), Select Comfort (NASDAQ:SCSS), and Mattress Firm (NASDAQ:MFRM).
- The home furnishing/home furniture group is typically seen as benefiting from low gas prices and steady employment trends, but were pummeled yesterday with 4% to 5% losses.
- The broad consumer discretionary sector has its worst day since last August with the Consumer Discretionary Select Sector SPDR ETF (NYSEARCA:XLP) down 3.37%.
- ETFs: XLY, XRT, VCR, RTH, RETL, FXD, FDIS, RCD, PMR, PEZ, PSCD, BITE.
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)
Nov. 17, 2015, 4:11 PM
- La-Z-Boy (NYSE:LZB): FQ2 EPS of $0.41 in-line.
- Revenue of $382.89M (+4.7% Y/Y) misses by $5.22M.
Nov. 16, 2015, 5:35 PM
Aug. 19, 2015, 4:17 PM
- La-Z-Boy (NYSE:LZB) declares $0.08/share quarterly dividend, in line with previous.
- Forward yield 1.15%
- Payable Sept. 10; for shareholders of record Aug. 31; ex-div Aug. 27.
Aug. 18, 2015, 4:32 PM
- La-Z-Boy (NYSE:LZB) reports operating margin rose during FQ1 for all three of its segments.
- Same-store sales at La-Z-Boy gallery stores were up 4.4% in the quarter.
- Sales growth by segment: Upholstery +3.8% to $272.7M, Casegoods segment -19% to 23.39M, Retail segment +18.8% to $86.65M.
- Guidance: The company says expect to improve growth and profitability this fiscal year without issuing a specific outlook.
- Previously: La-Z-Boy beats by $0.06, revenue in-line
- LZB -1.65% after hours to $26.75.
Aug. 18, 2015, 4:11 PM
- La-Z-Boy (NYSE:LZB): FQ1 EPS of $0.27 beats by $0.06.
- Revenue of $341.42M (+4.4% Y/Y) in-line.
- Shares +2.5%.
Aug. 17, 2015, 5:35 PM
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)
Jun. 17, 2015, 1:25 PM| Jun. 17, 2015, 1:25 PM
Jun. 16, 2015, 4:13 PM
- La-Z-Boy (NYSE:LZB): FQ4 EPS of $0.38 in-line.
- Revenue of $374.94M (+6.2% Y/Y) misses by $4.19M.
- Shares -2%.
Jun. 15, 2015, 5:35 PM
Jun. 2, 2015, 8:03 AM
- Ashley Furniture is considering selling itself, according to The Wall Street Journal.
- A deal for the privately-owned furniture maker could go off as high as $3B.
- Ashley is in a growth phase with a target to grow revenue by 7% to 10% a year.
- The direction Ashley goes will be of interest to Ethan Allen Interiors (NYSE:ETH) and La-Z-Boy (NYSE:LZB).
La-Z-Boy Inc through its subsidiaries manufactures, markets, imports, distributes and retails upholstery furniture products. In addition, it imports, distributes and retails accessories and wood furniture products.
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