Wed, Nov. 25, 9:26 AM
- The average price for a gallon of gas in the U.S. has now dropped to $2.06 per gallon - a mark that is 27% lower than where gas prices stood heading into the holiday period last year. Despite the extra dollars in the wallets of consumers, most forecasts for holiday retail sales are on the modest side (below 4%).
- The extended period of sub-$3 gas prices in the U.S. hasn't exactly lit consumer spending across broad retail on fire (just ask Wal-Mart) - although it has stoked auto sales for the Detroit Three (GM, F, FCAU). The regional casino sector (ISLE, PENN, BYD, ERI, MTN, MCRI) and cruise line stocks (NCLH, RCL) have also benefited more than major chain stores. Some have suggested that lower gas prices are also an understated driver for Starbucks (NASDAQ:SBUX) and Netflix (NASDAQ:NFLX) which both score high on customer stickiness.
- What next? Seeking Alpha's Stock Pitch Contest on retail is still open until November 30 amid the reset on consumer spending expectations. Current long ideas include PLAY, FRAN, CASY, SKX, WMT, PSUN, HGG, PRTY, TJX, TA, VSTO - while short bets on WMAR, TIF, RT, AMZN, UA, LB, and OUTR are on record.
- Related ETFs: XLP, XLY, VDC, XRT, VCR, RTH, RETL, FXG, PBJ, IYK, IYC, FXD, PEJ, FDIS, RHS, FSTA, SCC, UCC, RCD, PMR, PEZ, UGE, PSL, PSCC, PSCD, SZK, BITE.
Fri, Nov. 20, 11:47 AM
- The S&P Retail ETF (NYSEARCA:XRT) is up 1.9% with apparel and footwear stocks doing much of the heavy lifting.
- A vibrant rally in sports stocks was sparked by earnings reports and Nike. Iconix Brand (ICON +2.5%), G-III Apparel (GIII +3%), DSW (DSW +3.7%), Finish Line (FINL +3.1%), Caleres (CAL +2.2%), Genesco (GCO +3.5%), and Shoe Carnival (SCVL +1.7%) join the list reported on earlier.
- Luxury names are on the move with Kate Spade (KATE +2%), Fossil (FOSL +2.9%), Coach (COH +1.4%), and Movado (MOV +2.7%) higher.
- The beat-up mall retailer group is also recovering after results from Gap (GPS +6%) and Abercrombie & Fitch (ANF +19.4%) topped worst-case scenarios. American Eagle Outfitters (AEO +2.3%), Guess (GES +4.6%), and Pacific Sunwear (PSUN +5.4%) are notable gainers.
- Big box retailers are the laggards today. Wal-Mart, Target (TGT +0.6%), and Costco (COST +0.6%) are right at market index averages.
Tue, Oct. 6, 8:16 AM
- A new survey indicated 44% of online shoppers turn to Amazon.com first when searching for a product online. The level is much higher than what was found in previous studies.
- Another 34% use Google and other search engines to being their shopping efforts, while only 21% begin their search directly on the website of a retailer.
- The gains by Amazon in becoming the shopping portal for a higher percentage of consumers hits a wide variety of retailers - including Target (NYSE:TGT), Wal-Mart (NYSE:WMT), Staples (NASDAQ:SPLS), and Best Buy (NYSE:BBY) - on market share and pricing leverage. It's been particularly devastating to mall chains such as Aeropostale (NYSE:ARO), American Eagle Outfitters (NYSE:AEO), Buckle (NYSE:BKE), Pacific Sunwear (NASDAQ:PSUN), and Abercombie & Fitch (NYSE:ANF) which rely on impulse buying from in-store shoppers.
Mon, Sep. 21, 1:08 PM
- Select specialty retailers are higher today as investors continue to speculate over which company will catch the interest of private equity firms looking at a go-private deal.
- Zumiez (ZUMZ +3.9%), Buckle (BKE +1.7%), Francesca's Holdings (FRAN +2.2%), and Pacific Sunwear (PSUN +2.9%) are the names in the deal hopper. All four are sharply lower YTD to levels no wseen as attracting PE interest
Wed, Sep. 9, 7:54 AM
- Pacific Sunwear of California (NASDAQ:PSUN) is down sharply following a FQ2 earnings miss and weak guidance.
- Comparable-store sales declined 6% in FQ2 as key summer items such as shorts, swim gear, and sandals saw disappointing demand.
- The company expects revenue of $196M to $203M in FQ3 vs. $212M consensus off a negative comp (-6% to -3%).
- Previously: Pacific Sunwear of California misses by $0.04, misses on revenue (Sep. 08 2015)
- PSUN -16.7% premarket to $0.50.
Tue, Sep. 8, 4:01 PM
Mon, Sep. 7, 5:35 PM
Wed, Aug. 26, 9:41 AM
Mon, Jul. 20, 1:38 PM
- A bold forecast from Cowen Research on Amazon has some deep implications for the broad retail sector if it proves accurate.
- Cowen sees Amazon nabbing 14% of the U.S. apparel and accessories market by 2020, up from ~5% this year.
- The Amazon Effect impacts retail companies differently depending on if they sell their brands on the Amazon website and at what prices. Chains that could see an impact from a higher level of apparel buying through Amazon include Macy's (NYSE:M), Dillard's (NYSE:DDS), J.C. Penney (NYSE:JCP), Aeropostale (NYSE:ARO), Abercrombie & Fitch (NYSE:ANF), L Brands (NYSE:LB), Kohl's (NYSE:KSS), Pacific Sunwear (NASDAQ:PSUN), and Zumiez (NASDAQ:ZUMZ). The trend also puts high-end sellers such as Kate Spade (NYSE:KATE) and Michael Kors (NYSE:KORS) in a tighter box on how to sell through Amazon.
- A disturbing trend for Wal-Mart (NYSE:WMT) and Target (NYSE:TGT) is that a higher percentage of their customers also bought apparel through Amazon in the first half of 2015.
Thu, Jul. 16, 10:12 AM
- Some popular momentum-driven retail stocks are starting off the day in reverse with Michael Kors (KORS -2.7%), Coach (COH -0.2%), Pacific Sunwear (PSUN -1.9%), Vera Bradley (VRA -3.3%), Fossil (FOSL -0.6%), Lululemon (LULU -0.6%), Kate Spade (KATE -0.4%) and Under Armour (UA -3.5%) all lower.
- While OTR Global is with a fresh note on UA and KORS in which expectations are reeled in, pricing trends and China are also looming over the sector.
Tue, Jul. 14, 3:09 PM
- A weak read on demand for apparel in today's Retail Sales report is contributing to a down day for some stocks in the sector.
- Notable decliners include Aeropostale (ARO -2.8%), Pacific Sunwear (PSUN -5.3%), DSW (DSW -4.8%), Christopher & Banks (CBK -4.9%), Stage Stores (SSI -2.2%).
- Previously: June Retail Sales miss expectations (Jul. 14 2015)
- Previously: Retail sales: No help from department stores (Jul. 14 2015)
Fri, May 29, 12:46 PM
Thu, May 28, 4:42 PM
- Pacific Sunwear (NASDAQ:PSUN) reports comparable-store sales fell 2% in Q1.
- Improved merchandise margins helped to offset the slip in comps during the period.
- Store count -13 Y/Y to 605.
- Q2 guidance: The company expects comp sales growth of -4% to flat. Revenue of $201M-$209M seen.
- Previously: Pacific Sunwear of California misses by $0.01, misses on revenue
Thu, May 28, 4:01 PM
Wed, May 27, 5:35 PM
Thu, Apr. 30, 8:17 AM
- Pacific Sunwear (NASDAQ:PSUN) is downgraded by D.A. Davidson to Neutral after being previously slotted at Buy.
- The company grew comparable-store sales by 3% last fiscal year, but showed a loss from continuing operations.
- Shares of PSUN are +0.9% YTD after taking a brief crack at holding the $3 level.
Pacific Sunwear, is a specialty retailer rooted in the action sports, fashion and music influences of California. It sells a combination of branded and proprietary casual apparel, accessories and footwear designed to appeal to teens and young adults.
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