Tue, Jul. 19, 8:59 AM
Tue, Jul. 12, 9:27 AM
Wed, Jul. 6, 9:23 AM
Tue, Jun. 28, 9:21 AM
Tue, Jun. 21, 9:27 AM
Tue, Jun. 14, 9:04 AM
Tue, Jun. 14, 8:49 AM
- Retail sales topped expectations in May with some categories tipping off a healthy spending trend.
- Nonstore retailers once again led all categories with 12% Y/Y growth. Amazon (NASDAQ:AMZN) had a lot to say with that strong performance.
- Health and personal care stores were also solid with an 8% Y/Y rise in sales. Chains such as Walgreens (NASDAQ:WBA), Rite Aid (NYSE:RAD), Ulta Salon (NASDAQ:ULTA), and Sally Beauty Holdings (NYSE:SBH) continue to draw millennial interest.
- Department stores lagged once again with a 0.9% M/M drop and 6% Y/Y tail-off. A tough month of weather contributed to a 2% M/M drop in the building materials and garden equipment (HD, LOW) category.
- Restaurants performed ahead of expectations, sales were up 0.8% M/M and 6.5% Y/Y. That mark bodes well for McDonald's (NYSE:MCD) continuing its streak of staying in positive territory with comparable-store sales.
- Previously: Retail sales decelerate from April's pace (June 14)
- Retail ETFs: XLY, XRT, VCR, RTH, RETL, FXD, FDIS, RCD, PMR, JHMC, CNDF.
Thu, Jun. 9, 12:23 PM
- Retail stocks are broadly lower after a weak earnings report from Restoration Hardware (RH -21.2%) set a gloomy tone. The S&P Retail ETF (NYSEARCA:XRT) is 1.91% lower on the day.
- Williams-Sonoma (WSM -4.8%) and Bed Bath & Beyond (BBBY -3.7%) are down sharply after the RH guidance dud.
- Mall chain and department store stocks are also seeing some anxious trading as investors continue to bet on discounters and variety stores which target budget shoppers.
- Notable decliners include Ascena Retail (ASNA -5.4%), Guess (GES -3.2%), Nordtrom (JWN -3.1%), Urban Outfitters (URBN -2.6%), Cato (CATO -2.6%), DSW (DSW -2.6%), and Gap (GPS -2%).
- Target (NYSE:TGT) is down 1.6% after a rough annual meeting where there was much more attention paid to the company's transgender bathroom policy than execs probably desired.
- Retail ETFs: XLY, XRT, VCR, RTH, RETL, FXD, FDIS, RCD, PMR, JHMC, CNDF
Tue, Jun. 7, 9:09 AM
Wed, Jun. 1, 9:15 AM
Fri, May 27, 7:53 AM
- A strong Q1 report from Big Lots (NYSE:BIG) adds more confirmation that pockets of strength exist in retail at the right price points. After a rough start to the retail earnings season, Wal-Mart (NYSE:WMT) surprised last week on the upside and the dollar stores had their say yesterday
- Big Lots is already up 16% YTD, while Dollar General (NYSE:DG) is 22% higher and Dollar Tree (NASDAQ:DLTR) has gained 14%. Compares those audacious returns to the YTD slides of former mall chain standouts such as Gap (NYSE:GPS) -27%, L Brands (NYSE:LB) -30%, and Macy's (NYSE:M) -10% which are more in the direct line of fire of Amazon.
- In an interesting twist, it turns out those thrifty millennials who are MIA at malls are behind some of the strength in the discounter sector.
- Dollar General CEO Todd Vasos tipped on the company's earnings call (transcript) yesterday that millennials make up 12% of traffic and 24% of sales -marks that may have caught a few analysts by surprise.
- Related ETFs: XLY, XRT, VCR, RTH, RETL, FXD, FDIS, RCD, PMR, CNDF
Tue, May 24, 9:17 AM
Thu, May 19, 9:51 AM
- Wal-Mart (NYSE:WMT) holds on to most of its post-earnings premarket gain with shares on track to have their biggest day since 2008.
- A couple of retail reads from Bentonville are that some of the concerns over labor wage increases may have been overblown. Wal-Mart has said often that with higher wages also comes improved efficiency which may have played out a bit in Q1. Shrink fell back and inventory was well-managed.
- Wal-Mart is also much more of a force in groceries than apparel which means that the trend toward tepid clothes buying by consumers doesn't hit it to the same degree as it does with Target (8% of sales vs. 19% at TGT via CNBC's Courtney Regan). As part of its prerecorded conference call, Wal-Mart announced it's adding 9 new markets to the grocery pickup program.
- On an even broader scale, Wal-Mart management didn't throw out any alarming adjectives to describe the U.S. consumer like some other chain stores execs. The tone is steadier and more confident on the full year.
- Retail ETFS are higher on the day after the Wal-Mart report.
- Wal-Mart prerecorded earnings call (no Q&A).
- Previously: Wal-Mart spikes after earnings top estimates (May 19)
- Related ETFs: XLY, XRT, VCR, RTH, RETL, IYK, FXD, FDIS, RCD, PMR, UGE, SZK
Wed, May 18, 12:21 PM
- The Obama administration is officially announcing new rules on overtime pay in the U.S. later today.
- The threshold at which full-time employees can earn overtime pay will be lifted to $47,476 in annual wages per year from a prior level of $23,660.
- The Labor Department thinks over 4M American workers will be impacted by the change.
- Retail companies are expected to respond to the new OT rules by either raising compensation for employees just under the $47.5M mark or reducing some incentive payments. A switch to hourly wages with tighter schedules in some industries may be instituted, while some retail sectors will no choice but to swallow the extra labor costs.
- ETFs: IYC, SCC, UCC, BITE, XLY, XRT, VCR, RTH, RETL, FXD, FDIS, RCD, PMR.
Wed, May 18, 9:15 AM
- Retail stocks are poised for some volatile action after Target warns on an "increasingly volatile" consumer in the U.S. Shares of Target were down as much as 9% off of disappointing Q1 numbers and guidance.
- Though the Commerce Department's read on April retail sales came in positive, Wolfe Research isn't so sure that major chains are getting the dollars anticipated.
- "The climate appears to have deteriorated to a certain degree across retail from late March and into April," says analyst Scott Mushkin.
- The biggest name in all of retail reports earnings tomorrow out of Arkansas. Shares of Wal-Mart (NYSE:WMT) are down 3.38% in premarket action with anxiety ratcheted up another notch.
- Costco (NASDAQ:COST) is down 2.65% in early action and J.C. Penney (NYSE:JCP) is off 1.4%.
- Retail ETFs: XLY, XRT, VCR, RTH, RETL, IYK, FXD, FDIS, RCD, PEZ, PMR, UGE, SZK.
Tue, May 17, 10:07 AM
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