Wed, May 20, 4:23 PM
- Williams-Sonoma (NYSE:WSM) reports total comparable brand sales were up 4.6% in Q1.
- Comp growth by brand: Pottery Barn +2.4%, Williams Sonoma +2.7%, Pottery Barn Kids +0.8%, PBteen +3.0%, West Elm +15.3%.
- E-commerce sales +8.4% to $533M.
- Operating margin -60 bps to 7.0%.
- SG&A expense rate -40 bps to 29.8%.
- Merchandise inventory +10.9% to $943M.
- Previously: Williams-Sonoma beats by $0.03, beats on revenue
- WSM +4.6% after hours.
Wed, May 20, 4:11 PM
Tue, May 19, 5:35 PM
Tue, Apr. 14, 9:09 AM
- The furniture and home furnishing stores category in the March Retail Sales report outperformed most other businesses.
- Sales rose 1.4% M/M and 3.8% Y/Y during the month.
- The sector was on watch to see if there was any continued spillover impact from the West Coast slowdown.
- Furniture/home furnishing stocks: RH, PIR, HVT, BBBY, ETH, HOFT, OTCQB:BEST, W, LZB, OTCPK:LEFUF, BSET, KIRK, WSM.
- Retail Sales report (.pdf)
Mon, Apr. 13, 12:10 PM
- The New York attorney general's office is looking into a number of retail chains over the trend of on-call shifts, according to Reuters.
- The companies are being asked to send information on their policies of last-minute scheduling changes for employee shifts and the costs saved from the disruptive practice.
- Williams-Sonoma (WSM +1.1%), Urban Outfitters (URBN +0.7%), Burling Coat Factory (BURL +0.8%), L Brands (LB -0.2%), and TJX Companies(TJX +0.1%) are among the retailers in receipt of a letter from the New York AG requesting information.
Fri, Apr. 10, 11:55 AM
- Sales per shopper increased 5.8% Y/Y in March at retail chains, according to data from RetailNext.
- Average transaction value was up 3.5%, while the number of conversions improved by 0.9%
- Total sales were off 3.2% on a 8.2% drop in traffic amid a problematic month for weather. The tallies don't include e-commerce.
- Higher-end store chains such as Lululemon (LULU -0.5%), Tiffany (TIF +0.3%), and Williams-Sonoma (WSM +0.5%) can benefit from the trend toward highly-focused shoppers - while traffic-dependent chains such as Family Dollar (FDO +0.1%), Dollar General (DG +0.6%), and Dollar Tree (DLTR +0.4%) rely on the impulse buys churned up by increased traffic.
Tue, Mar. 24, 10:36 AM
- Williams-Sonoma (WSM +2.3%) trades higher on decent volume.
- Traders are attributing the move to a callout from Jim Cramer last night on Mad Money.
- Earnings and guidance from Williams-Sonoma were impacted largely by the West Coast port slowdown - instead of any structural issues, notes the CNBC talking head.
- Seeking Alpha summary, CNBC video
Wed, Mar. 18, 5:43 PM
Wed, Mar. 18, 4:43 PM
Wed, Mar. 18, 4:23 PM
- Williams-Sonoma (NYSE:WSM) grew sales and margins in Q4.
- Comparable brand revenue growth of 5.1% was realized during the quarter with the West Elm business a notable out-performer.
- E-commerce revenue +9% to $770 to mark half of the company's total sales.
- Operating margin +60 bps to 15.4%.
- WSM -1.8% after hours.
Wed, Mar. 18, 4:17 PM
Tue, Mar. 17, 5:35 PM
Thu, Jan. 8, 8:18 PM
- Holiday retail sales rose 4.6% vs. expectations for a 3.8% lift, according to a read from ShopperTrak. The growth rate is the highest since 2005 for the period.
- The rush of positive reports from retailers on holiday sales comes off of some beaten-down expectations, notes Chain Store Age.
- Concerns on mall traffic, a West Coast port slowdown, and a frenzied level of promotions drove consensus estimates lower before some macroeconomic factors improved and $2 gas entered the scene.
- A cross-section of retailers that surprised on the upside includes Barnes & Noble, Pier 1 Imports, Walgreens, Urban Outfitters, and Sonic.
- What to watch: Costco (NASDAQ:COST) put up a 5% comp for December, putting some pressure on Wal-Mart (NYSE:WMT) and Target (NYSE:TGT) to show signs of late-quarter strength. Signs of weakness at dollar stores (DG, DLTR, FDO, FIVE) and electronics chains (HGG, CONN, BBY) are a concern. Retailers seen as on-trend for the holiday season include Foot Locker (NYSE:FL), Lululemon (NASDAQ:LULU), and Williams-Sonoma (NYSE:WSM).
- Related ETFs: XLY, XRT, VCR, RTH, RETL, IYK, FXD, IYC, FDIS, SCC, UCC, PMR, UGE, RCD, SZK
Dec. 20, 2014, 10:17 AM
- The S&P Retail ETF (NYSEARCA:XRT) is up 3.4% over the last month to outpace the S&P 500 Index as consumer spending trends improve. Analysts have honed in on some categories which show some promise for growth.
- Drugstores: The transition by the sector into more health/wellness services sets it up for new growth channels. CVS Health (NYSE:CVS) reported strong comparable-store sales despite the full tobacco exit, while Rite Aid (NYSE:RAD) is prepping for a roll-out of RediClinics and HealthSpot kiosks. The visibility on Walgreen (NYSE:WAG) is somewhat clouded by the giant Alliance Boots integration, although it's ahead of rivals on the tech front with its rewards program, pharmacy app and developing online doctor concept.
- Athleisure: There's some gender initiatives going on in the athletic apparel sector with Under Armour (NYSE:UA) and Nike (NYSE:NKE) growing their women's business and Lululemon (NASDAQ:LULU) expanding on the men's side. All three companies have been closely on-trend with their assortment in a category with explosive demand. Importantly, pricing has held up this holiday season in the U.S., note retail watchers.
- Online replenishing: Fresh research into shopping trends indicates certain categories see continued buying through the online channel as consumers become attuned to a brand. Retailers positioned well to see more gains from the trend include Williams-Sonoma (NYSE:WSM), Ulta Beauty (NASDAQ:ULTA), Staples (NASDAQ:SPLS), Office Depot (NASDAQ:ODP), Sephora (OTCPK:LVMHF), Dick's Sporting Goods (NYSE:DKS), and of course Amazon (NASDAQ:AMZN).
- P-E buyouts: There are plenty of candidates in the retail sector for a leveraged buyout similar to the action that helped propel shares of PetSmart (NASDAQ:PETM) +40% from their lows. Keep an eye on Abercrombie & Fitch (NYSE:ANF), Aeropostale (NYSE:ARO), and Ann (NYSE:ANN).
Dec. 19, 2014, 5:04 PM
Dec. 18, 2014, 8:37 AM| Comment!
WSM vs. ETF Alternatives
Other News & PR