Consumer Discretionary Select Sector SPDR ETFNYSEARCA
Tue, Dec. 6, 9:05 AM
Mon, Dec. 5, 9:47 AM
- Amazon (NASDAQ:AMZN) has announced a new retail concept called Amazon Go. The first Amazon Go store in Seattle sells ready-to-eat meals, snacks and locally-prepared bakery items.
- The service features no lines and no checkout procedures other than a smartphone scanner as it utilizes a virtual shopping cart to process payments quickly.
- Amazon Go YouTube video
- ETFs: XLP, XLY, VDC, XRT, VCR, RTH, RETL, FXG, PBJ, IYK, FXD, RHS, FDIS, FSTA, RCD, PEZ, PMR, UGE, SZK, CNDF, CNSF, FTXD, FTXG, IBUY, JHMC, JHMS.
Mon, Dec. 5, 8:04 AM
- One of the more interesting conferences in the retail sector during Q4 starts off today in New York City. The Barclays 2016 Eat, Sleep, Play - It's All Discretionary Conference will feature execs talking 2017 strategy, as well as doling out some post-election and post-Black Friday insights.
- Presenters today include The Chef's Warehouse (NASDAQ:CHEF), Smart & Final Stores (NYSE:SFS) and Sprouts Farmers Market (NASDAQ:SFM).
- Tuesday presenters include Chipotle (NYSE:CMG), The Cheesecake Factory (NASDAQ:CAKE), Yum Brands (NYSE:YUM), Kroger (NYSE:KR), Jack in the Box (NASDAQ:JACK), Domino's Pizza (NYSE:DPZ), Marriott International (NYSE:MAR) and Wingstop (NASDAQ:WING).
- Discretionary-focused ETFs: XLY, XRT, VCR, RTH, RETL, FXD, FDIS, RCD, PEZ, PMR, PSCD, CNDF, FTXD, JHMC.
Thu, Dec. 1, 8:09 AM
- The retail sector is on watch after Dollar General, Express and Guess all misfire on their Q3 reports. Buckle and Cato also reported soft sales numbers for November.
- The icing on the cake might be the stinger from L Brands on its prerecorded sales call (webcast) about merchandise margins being down Y/Y in November.
- Retail ETFs: XLY, XRT, VCR, RTH, RETL, IYK, FXD, IYC, FDIS, SCC, RCD, UCC, PMR, UGE, SZK, CNDF, FTXD, JHMC.
- Previously: Guess -14% on earnings miss, below consensus guidance (Nov. 30)
- Previously: Express lower post Q3 results (Dec. 1)
- Previously: Deflation and lower SNAP benefits whack results at Dollar General (Dec. 1)
Wed, Nov. 30, 2:14 PM
- Retail Metrics: The retail industry specialist expects chain stores to report a 1.1% increase in comparable sales during November. The estimate on October retail comparable sales was revised up to 1.5% from 1.0%. Both marks arrive against a deflation and low traffic headwind in the sector.
- NPD Group: The research firm plays meteorologist by warning that the lack of "true" winter weather will hit some apparel and shoe sellers.
- FBR Capital: The firm points to a strong month for Bath & Body Works (NYSE:LB).
- Piper Jaffray: The retail analyst team is cautiously optimistic that Costco (NASDAQ:COST) is off to a good start.
- November has been a stellar month for Target (NYSE:TGT) and Best Buy (NYSE:BBY), up 16% and 18% respectively. Both retailers trade with a ~14 forward PE ratio which has some traders buzzing that's still room left to run.
- Amazon dominated a lot of the Black Friday and Cyber Monday talk, but it was Wayfair (W +4.6%) that may have posted the most impressive online sales growth vs. expectations. Shares of Wayfair are still 28% below their 52-week high, although valuation isn't for the feint of heart.
- At home on Seeking Alpha, there's been some good discusssion on the impact of the reduction of SNAP benefits (nutrition assistance) in the U.S. on the retail sector. Tomorrow's earnings report from Dollar General (NYSE:DG) and the firm's conference call Q&A could shine a light on that wildcard.
- Retail ETFs: XLY, XRT, VCR, RTH, RETL, FXD, FDIS, RCD, PMR, CNDF, FTXD, JHMC, IBUY.
- Previously: Black Friday channel checks show pockets of strength (Nov. 28)
- Previously: Department store sales in positive territory for November (Nov. 29)
- Previously: Cyber Monday wrap and retail outperformers (Nov. 29)
Tue, Nov. 29, 8:59 AM
Mon, Nov. 28, 7:30 AM
- IBM predicts that online sales on Cyber Monday will increase at a double digit rate from a year ago.
- The company also predicts that overall holiday period online sales for retailers will increase 13.89%.
- A big issue in the retail sector is if the smaller players can keep pace with the blazing starts reported for heavyweights Amazon, Target, Wal-Mart and Best Buy.
- Retail ETFs: XLY, XRT, VCR, RTH, RETL, FXD, FDIS, RCD, PMR, CNDF, FTXD, JHMC.
- Source: Press Release
Sun, Nov. 27, 7:11 PM
- ShopperTrak reports a 1% drop in store visits during the two-day period covering Thanksgiving and Black Friday.
- The slight dip in traffic was largely anticipated as e-commerce growth continues to soar. Online sales for the Black Friday to Thanksgiving time frame were up 17.7% to $5.27B, according to an estimate from Adobe.
- The Super Bowl of online shopping starts at midnight. The National Retail Federation expects 122M Americans to shop online tomorrow on Cyber Monday vs. 121M last year.
- Early analysis indicates that Wal-Mart (NYSE:WMT) through its Jet.com add-on and Target (NYSE:TGT) via hard-hitting promotions are significant players in keeping up with Amazon online this holiday season.
- Previously: Black Friday wrap: Records fall, retail winners and losers (Nov. 25)
- Retail ETFs: XLY, XRT, VCR, RTH, RETL, FXD, FDIS, RCD, PMR, CNDF, FTXD, JHMC.
Fri, Nov. 25, 12:24 PM
- Black Friday coverage links on Seeking Alpha -- including the records set and some of the retail winners and losers.
- Hatchimals a star performer in the solidly growing toy sector
- Black Friday online sales forecast to top $3B
- Investment firms weigh in on Black Friday standouts
- Nerf identified as early Black Friday weekend winner
- Macy's reports strong traffic at NYC flagship store
- Target updates on Black Friday results
- Amazon's Black Friday on pace to beat last year
- Apple holding one-day Black Friday shopping event
- Black Friday continues move online
- 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, CNDF, CNSF, FTXD, FTXG, IBUY, JHMC, JHMS, MENU.
Fri, Nov. 25, 11:10 AM
- Adobe estimates online Black Friday sales will top $3B for the first time as they rise 11.5% to $3.05B.
- The firm also says that today could be the first day in retail history that $1B in sales will be generated by mobile devices.
- Source: Bloomberg
- Retail ETFs: XLY, XRT, VCR, RTH, RETL, FXD, FDIS, RCD, PEZ, PMR, CNDF, FTXD, JHMC.
Thu, Nov. 24, 10:12 AM
- Target (NYSE:TGT) says it will sell nearly all of its merchandise for 15% off in a two-day Cyber Monday promotion.
- The 15% discount is set to go live online early Sunday morning and will be applied at checkout both online and in stores during the two-day sale. The company says no online promotion code or in-store coupon will be required to catch the price reduction.
- Last year, Target only ran the 15% deal for online custmers on Cyber Monday.
- Target says it's ready to meet the Cyber Monday online crush on the back end.
- "We have been furiously pressure-testing the site with both simulated and real traffic," notes CIO Mike McNamara.
- The aggressive move by Target could give it a jump on other retailers and Amazon in bringing in traffic and adds pressure on the pricing front.
- Retail ETFs: XLY, XRT, VCR, RTH, RETL, FXD, FDIS, RCD, PMR, CNDF, FTXD, JHMC
Thu, Nov. 24, 7:58 AM
- Black Friday isn't as big as it once was due to earlier holiday deal hysteria, but it's still a very significant day for retail.
- The National Retail Federation expects 137.4M Americans to hit stores at some point over the weekend and around 74% of that population to go shopping tomorrow.
- That's about on par with last year's figures as online sales become a bigger part of the holiday. Adobe even expects Black Friday web purchases to top $3B for the first time, up 11.5% from 2015.
- ETFs: XLP, XLY, VDC, XRT, VCR, RTH, PBJ, RETL, PEJ, IYK, FXG, IYC, SCC, FXD, RHS, UCC, PMR, UGE, RCD, PSL, PSCC, SZK, FDIS, FSTA, PSCD, PEZ.
Tue, Nov. 22, 12:02 PM
- It makes for a good headline, but most reports on Black Friday traffic at stores are without significant value based on previous years.
- This year isn't likely to be any different. A survey by JDA Software Group indicates that 50% of consumers aren't planning to shop on Black Friday. 73% of respondents say they prefer to shop outside the period.
- Forecasts for this weekend are for digital sales to top $1B on Thanksgiving Day once again and for store traffic to decline, but a fuller picture of holiday shopping won't be clear until December rolls around.
- Investors will land more useful information when pricing checks in key areas (toys, TVs, apparel) start arriving on Friday.
- Related ETFs: XLY, XRT, VCR, RTH, RETL, IYK, FXD, FDIS, RCD, PMR, UGE, SZK, CNDF, FTXD, JHMC.
Tue, Nov. 22, 9:02 AM
Sat, Nov. 19, 10:15 AM
- Adobe lowers its forecast for holiday online sales after factoring in the first two weeks of November.
- Online sales only rose 1.3% from November 1 to November 14, with the U.S. election fixation an obvious factor.
- "Instead of the expected 11 percent year-over-year increase, we expect growth to fall to single digits this year,” says Adobe Digital Insights' Tamara Gaffney.
- The National Retail Federation's forecast for overall holiday sales is for a 3.6% increase vs. the 10-year average of 2.5%.
- Related ETFs: XLY, XRT, VCR, RTH, RETL, IYK, FXD, FDIS, PEJ, RCD, PMR, UGE, SZK, CNDF, FTXD, IBUY, JHMC.
Thu, Nov. 17, 10:03 AM