Wed, Jun. 8, 2:24 PM
Thu, May 26, 2:30 PM
- Discounters are rallying in full force after Dollar General (DG +4.6%) and Dollar Tree (DLTR +12.5%) both posted Q1 profit ahead of expectations.
- Steady consumer demand, tight expense control, and an easing of promotional pressure underpinned both reports.
- Retail Dive may have arrived at the heart of the matter, by noting that dollar stores attract different shoppers than the retailers which have been ravaged by Amazon's growth.
- "We are part of what I consider, in this economic environment, the most attractive sector in retail," said Dollar Tree CEO Bob Sasser.
- Investors seem to agree. Ollie's Bargain Outlet Holdings (OLLI +7.6%), Burlington Stores (BURL +7.8%), Big Lots (BIG +2.7%), Five Below (FIVE +2.9%), Ross Stores (ROST +0.9%), TJX Companies (TJX +1%), Tuesday Morning (TUES +1.9%), and Fred's (FRED +6.2%) are all pushing higher.
Tue, May 17, 9:04 AM
- TJX Companies (NYSE:TJX) cruises past analyst estimates with a Q1 report that could lift sentiment a bit over the broad retail sector.
- Comparable-store sales improved 7% during the quarter for TJX, with all divisions delivering positive growth.
- Gross profit margin improved 50 bps to 28.8% as buying and occupancy leverage kicked in.
- Total sales were up 10% for TJX with the company's total square footage up 5% Y/Y. Inventory was up 7% Y/Y.
- TJX raises full-year EPS guidance to $3.35-$3.42 vs. $3.29-$3.38 prior and $3.46 consensus. Higher wages are expected to pull on profits (more detail expected on the conference call).
- Previously: TJX beats by $0.05, beats on revenue (May 17)
- TJX +4.06% premarket to $78.25.
Tue, May 17, 8:37 AM
Mon, May 16, 5:30 PM
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, 9:59 AM
- A strong report on retail sales isn't working magic with shares of some of the larger U.S. chain stores.
- Wal-Mart (WMT -2.4%), Target (TGT -2.1%), Macy's (M -1.8%), Best Buy (BBY -1.3%), Walgreen Boots Alliance (WBA -0.4%), TJX Companies (TJX -1.4%), and Costco (COST -0.6%) are some of the names taking their cues from the steady roll of disappointing Q1 earnings reports.
- An intriguing pullout from the retail sales breakdown for April is also a potential factor. Non-store retailers (think Amazon (NASDAQ:AMZN)) increased sales by over 10% Y/Y during the month to easily top all other categories.
- Previously: Retail sales: Consumers spending, just not where they used to (May 13)
Wed, May 11, 8:32 AM
- The department store sector is on watch for volatility after Macy's issues an alarming warning on sales trends.
- "We are seeing continued weakness in consumer spending levels for apparel and related categories," reads the pinpoint assessment from Macy's.
- Investors in the department store sector are already scrambling with Kohl's (NYSE:KSS) down 3.62% in premarket trading, J.C. Penney (NYSE:JCP) off 3.64%, and Nordstrom (NYSE:JWN) 2.17% lower. The damage doesn't end there with Ross Stores (NASDAQ:ROST) losing 2.6% and TJX Companies (NYSE:TJX) off by 1%. Dillard's (NYSE:DDS) and Sears Holdings (NASDAQ:SHLD) haven't opened yet.
Tue, Mar. 29, 12:04 PM
Tue, Mar. 29, 11:33 AM
Mon, Mar. 21, 10:43 AM
- TJX Companies (TJX +0.1%) cruises to another all-time high as the retail stock continues to defy the selling pressure in the sector.
- SA contributor Josh Arnold thinks valuation on TJX has reached a point where shares will cool off, especially after TJX's guidance came in a touch light.
- Previously: TJX Companies outpaces broad retail in Q4, issues guidance below consensus (Feb. 24)
Thu, Feb. 25, 9:10 AM
- TJX (NYSE:TJX) plans to increase its quarterly dividend by 0.26/share from 0.21/share, resulting in an annual yield of 1.43%.
- The dividend will be payable in June.
- The company plans to repurchase approx. $1.5B-$2.0B (4% of outstanding shares) of common stock in FY16, The company has balance of $1.5B of repurchase under existing plan.
Wed, Feb. 24, 9:15 AM
- TJX Companies (NYSE:TJX) reports comparable-store sales rose 6% in Q4, a strong mark compared to retail peers.
- Comp growth by division: Marmaxx +6%, HomeGoods +6%, TJX Canada +14%, TJX Europe +1% (constant currency).
- Pretax profit margin -50 bps to 11.9%.
- Gross profit margin rate +50 bps to 28.7% on improved merchandise margins.
- SG&A expense rate +100 bps to 16.7%.
- Inventory +16% Y/Y to $3.7B (+5% on a per-store basis).
- Guidance: TJX expects Q1 EPS of $0.68 to $0.70 vs. $0.74 consensus and full-year EPS of $3.29 to $3.38 vs. $3.61 consensus.
- Previously: TJX beats by $0.05, beats on revenue (Feb. 24 2016)
- TJX +1.22% premarket to $73.58.
Wed, Feb. 24, 8:38 AM
Tue, Feb. 23, 5:30 PM
Fri, Feb. 12, 10:54 AM
- Consumer spending in the U.S. showed some strength in January to defy some of the signals being sent by equity markets.
- "The markets may have decided that the U.S. is headed for recession, but obviously no one told U.S. consumers," said econimist Paul Ashworth.
- Though data shows consumers have pulled back on some big-ticket categories to save more, there's some pockets of retail that could surprise this year - especially if gas prices move closer to $1/gallon.
- Companies that consumers interface with daily or weekly are more likely to benefit than those in the luxury discretionary space where falling 401K or profit-sharing plan values weigh a bit heavy on demand (home improvement, jewelry, high-end auto, etc), note analysts.
- Potentially sitting in that sweet space: Ross Stores (NASDAQ:ROST), TJX Companies (NYSE:TJX), Ulta Salon (NASDAQ:ULTA), Columbia Sportswear (NASDAQ:COLM), Skechers (NYSE:SKX), Nike (NYSE:NKE), Foot Locker (NYSE:FL), Dollar General (NYSE:DG), Target (NYSE:TGT), Party City (NYSE:PRTY), Churchill Downs (NASDAQ:CHDN), Isle of Capri (NASDAQ:ISLE), Penn National Gaming (NASDAQ:PENN), Boyd Gaming (NYSE:BYD), Casey's General Stores (NASDAQ:CASY), McDonald's (NYSE:MCD), Cracker Barrel (NASDAQ:CBRL)... add your own in the comments.
The TJX Cos., Inc. operates as an off-price apparel and home fashions retailer in the United States and worldwide. It operates through the following segments: Marmaxx, HomeGoods, TJX Canada and TJX Europe. The Marmaxx segment operates T.J. Maxx and Marshalls chains in the U.S. It sells family... More
Industry: Department Stores
Country: United States
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