Tue, Jun. 28, 9:21 AM
Tue, Jun. 21, 9:27 AM
Tue, Jun. 14, 9:04 AM
Tue, Jun. 7, 9:09 AM
Mon, Jun. 6, 12:39 PM
- Nation's Restaurant News points to a trend that may explain some of the weakness with restaurant traffic this year.
- Restaurants have been pushing prices higher over the last six months, despite lower retail food costs. On the other hand, grocery stores have lowered their prices in accordance with some easing of chicken, beef, and pork costs. It's a pricing spread that consumers may have caught on to if broad traffic trends are an indicator.
- Rising labor costs are the most obvious reason for the disparity. Restaurants expend about 30% of sales on labor costs, while groceries only spend about 14%.
- Related stocks: SVU, VLGEA, IMKTA, OTCPK:PUSH, SFM, WFM, CAKE, CBRL, EAT, DRI, RRGB, RT, BLMN, PBPB, MCD, QSR, WEN, SONC, BOBE, ,PLKI, BJRI.
- Related ETF: BITE, PBJ.
Wed, Jun. 1, 9:15 AM
Tue, May 24, 9:17 AM
Tue, May 17, 10:07 AM
Tue, May 17, 9:18 AM
Sat, May 14, 11:01 AM
- The retail sector stays in focus next week with Target (NYSE:TGT), Wal-Mart (NYSE:WMT), TJX Companies (NYSE:TJX), and Ross Stores (NASDAQ:ROST) all due to report on Q1 earnings to follow on a week of dismal reports and guidance from the department store sector (Nordstrom, L Brands, Macy's, Kohl's). Home improvement chains Home Depot (NYSE:HD) and Lowe's (NYSE:LOW) are also due to spill numbers.
- The story from the Commerce Department's April read of retail sales (+3.0% Y/Y, +1.3% M/M) is one of a consumer spending on housing, entertainment, and personal care/fitness over apparel and general merchandise. The 10% Y/Y gain in the nonstore retailer category also tipped that the Amazon (NASDAQ:AMZN) Effect is magnifying.
- Amplify ETFs CEO Christian Magoon tells Seeking Alpha that the traditional retail model appears to be broken. Amplify's Online Retail ETF (NASDAQ:IBUY) is a bet on companies such as Netflix (NASDAQ:NFLX), GrubHub (NYSE:GRUB), Blue Nile (NASDAQ:NILE), and Shopify (NYSE:SHOP) that are reeling in millennial dollars.
- Magoon on retail: "Traditional retailers face the headwinds of higher cost structures including the very real threat of increasing wages in the form of the $15 minimum wage campaign. Less flexible with inventory management, they also are more vulnerable to issues like weather and changing consumer preferences."
- Retail ETFs: XLP, XLY, VDC, XRT, VCR, RTH, RETL, FXG, PBJ, IYK, FXD, IYC, RHS, FDIS, PEJ, FSTA, PSL, SCC, RCD, UCC, PEZ, PMR, PSCC, UGE, PSCD, SZK, BITE.
- Apparel stocks: KATE, ANN, LULU, PVH, VNCE, CRI, UA, HBI, VFC, COLM, GIL, SQBG, JCP, KSS, DDS, M, JWN, ARO, AEO, ANF, WTSL, TLYS, CACH, ZUMZ, PSUN, EXPR, BKE, GIII, SQBG, HBI, VRA, ICON, SHOO, PERY, DXLG, BONT, GES, URBN, RL,GIL, NKE, OXM, HBI, VNCE, PERY, ICON, FL.
Fri, May 13, 8:54 AM
- Tongues are wagging over this mornings's fast April retail sales report, which comes amid a steady flow of weak earnings and lowered guidance from retailers like Macy's (NYSE:M), Kohl's (NYSE:KSS), and Nordstrom (NYSE:JWN), to name just three. So what's up?
- It turns out consumers are spending plenty, just not at traditional department stores, where sales are lower by 3% Y/Y through the year's first four months. In the meantime, sales at nonstore retailers are higher by 8.1%.
- Other areas of strength are building supplies up 9.7%, sporting goods up 7.4%, furniture up 5.6%, auto vehicle and parts up 4.5%, food services & bars up 7.4% (Shake Shack is ahead 5% this morning after strong results).
- Ten-year Treasury prices have given up their gains, with the yield now flat on the session at 1.745%.
- Consumer ETFs: XLP, XLY, VDC, XRT, VCR, RTH, RETL, FXG, PBJ, IYK, FXD, RHS, FDIS, FSTA, RCD, PMR, UGE, SZK, BITE, IBUY
Tue, May 10, 9:18 AM
Tue, May 3, 9:16 AM
Tue, Apr. 26, 9:04 AM| Tue, Apr. 26, 9:04 AM
Tue, Apr. 19, 9:14 AM
Tue, Apr. 12, 9:19 AM
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