Jul. 22, 2015, 9:14 AM
- The National Retail Federation lowers its forecast for 2015 retail sales to 3.5% from 4.1%.
- The organization is playing some catch-up after recent retail sales reports have disappointed.
- The NRF pegs retail sales growth at 2.9% in 1H and projects a 3.7% gain over the next five months.
- Factors which have cut into sales this year include a strong U.S. dollar and a "deflationary" retail environment this year, says NRF Chief Economist Jack Kleinhenz.
- Related ETFs: XLP, XLY, VDC, XRT, VCR, RTH, RETL, FXG, IYK, IYC, FXD, FDIS, RHS, FSTA, SCC, UCC, RCD, PMR, PEZ, UGE, SZK.
Jul. 21, 2015, 9:07 AM
Jul. 15, 2015, 12:36 PM
- Moody's raises its outlook on the U.S. retail industry to Positive from Stable on its view operating income will improve by 5% to 6% over the next 12 to 18 months.
- The ratings agency is focused on the expense side, seeing a leveraging of fixed costs and efficiency gains as helping to pad bottom lines.
- Sectors seen leading the way for profit growth are dollar stores (FDO, DG, DLTR), drug stores (WBA, CVS, RAD), and home improvement chains (HD, LOW).
- Related ETFs: XLY, XRT, VCR, RTH, RETL, IYK, FXD, FDIS, RCD, PMR, UGE, SZK
Jul. 14, 2015, 1:39 PM
- The question of when millennials will open up their checkbooks and stop sharing is posed by Bobbi Rebell in a Reuters piece.
- The generation seems to unabashedly share houses (AirBnb), cars (Uber), car rentals (Zipcar), and entertainment services (Netflix).
- Some think millennials aren't wired to covet non-electronics possessions, while others attribute the trend to a tight market for recent college graduates with high student loan balances.
- The authors of Millennial Majority argues the latter in making the case spending by millennials will pick up dramatically as their resources improve.
- One sector desperately looking for a millennial bounce is apparel which continues to trail broad retail. Companies such as Gap (NYSE:GPS), L Brands (NYSE:LB), Abercrombie & Fitch (NYSE:ANF), and Ann (NYSE:ANN) have had a few misfires due to the peculiarity of the group.
- The oldest millennials are now in their lower thirties which should mean the question will be answered soon.
- Related ETFs: XLP, XLY, VDC, XRT, VCR, RTH, RETL, FXG, IYK, IYC, FXD, FDIS, RHS, FSTA, SCC, UCC, RCD, PMR, UGE, PEZ, PSL, PSCC, PSCD, SZK
- Previously: Retail sales: No help from department stores (Jul. 14 2015)
- Previously: June Retail Sales miss expectations (Jul. 14 2015)
Jul. 14, 2015, 9:03 AM
Jul. 7, 2015, 9:18 AM
Jun. 30, 2015, 9:05 AM
Jun. 23, 2015, 9:04 AM
Jun. 19, 2015, 2:12 PM
Jun. 16, 2015, 9:02 AM
Jun. 9, 2015, 9:12 AM| Jun. 9, 2015, 9:12 AM | 1 Comment
Jun. 5, 2015, 11:42 AM
- A new bill introduced in Congress seeks to amend the Taft-Hartley Act to allow governors to intervene in cases of port disruptions.
- The legislation is welcomed by the retail industry and shippers as it could remove a bargaining tool from some labor groups.
- A port slowdown on the West Coast impacted a large number of retailers in Q1.
- Letter in support of the PORTS Act of 2015 signed by industry groups (.pdf)
- Related ETFs: XLY, XRT, VCR, RTH, RETL, IYK, FXD, PEJ, FDIS, RCD, PMR, UGE, SZK
Jun. 2, 2015, 9:13 AM
May 27, 2015, 9:04 AM
May 19, 2015, 10:03 AM
- Ross Stores (NASDAQ:ROST) is up 1.62% and Gordmans Stores (NASDAQ:GMAN) has added 2.52% as a report from TJX Companies (TJX +3.1%) earlier today shows some strength in the off=price sector.
- Stein Mart (SMRT +0.2%), Citi Trends (CTRN +0.2%), and Burlington Stores (BURL +2.4%) are also out ahead of market averages.
- The S&P Retail ETF (NYSEARCA:XRT) is -0.5% with retail giant Wal-Mart's Q1 report exerting plenty of gravity.
- Previously: TJX Companies outruns retail peers in Q1
- Previously: Bottom line pressured at Wal-Mart in Q1
- Related ETFs: XLY, VCR, RTH, RETL, FXD, FDIS, RCD, PMR, PEZ, PSCD.
May 19, 2015, 9:05 AM| May 19, 2015, 9:05 AM | 1 Comment
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