May 12, 2015, 9:06 AM
May 7, 2015, 2:25 PM
- Though store traffic and in-store engagement rose in April, a cautious spending trend held back retail sales, according to Euclid Analytics.
- The research firm estimates sales were down 2.1% for the clothing/accessories category and slipped 1.6% in the general merchandise category.
- Storefront conversion (traffic into stores) rose 60 bps Y/Y and 50 bps Q/Q in April as promotions were dialed up in the sector.
- The bounce rate of shoppers (visits less than 5 minutes) fell to a 12-month low during the month.
- Related ETFs: XLY, XRT, VCR, RTH, RETL, IYK, IYC, FXD, FDIS, SCC, UCC, RCD, PMR, UGE, SZK.
May 6, 2015, 9:08 PM
- The city council in Emmeryville, California has given approval to hike the minimum wage in the city to $16 per hour by 2019.
- The $16 minimum wage level planned for Emmeryville is higher than the minimum wage in any other U.S. city.
- Labor costs have become a bigger factor in Q1 earnings reports and 2015 guidance in the retail sector with the restaurant and apparel industries feeling the sharpest sting.
- ETFs: XLY, XRT, VCR, RTH, RETL, FXD, FDIS, RCD, PMR
May 5, 2015, 9:06 AM
Apr. 28, 2015, 9:06 AM
Apr. 24, 2015, 8:44 AM
- Is the retail rally over? After a 10-month period in which the SPDR S&P Retail ETF (NYSEARCA:XRT) outperformed the S&P 500 by 1.2K basis points, since April 2 the XRT has underperformed by 270 basis points - off 0.4% as the S&P 500 has added 2.3%.
- The reversal comes alongside a major bounce in oil, up more than 30% since bottoming in mid-March. The thinking isn't too complicated - falling oil prices put more money in consumers pockets to spend at places like Wal-Mart, and surging oil prices is pulling money out.
- As it turns out though, consumers didn't spend as much of the saved money as thought, with core retail sales shy of estimates for the last four months, and the savings rate hitting its highest level since December 2012.
- Source: Bloomberg
- Retail ETFs: XLP, XLY, VDC, XRT, VCR, RTH, RETL, FXG, PBJ, IYK, IYC, FXD, PEJ, FDIS, RHS, FSTA, SCC, UCC, RCD, PMR, PEZ, UGE, PSL, PSCC, PSCD, SZK
Apr. 21, 2015, 9:05 AM| Apr. 21, 2015, 9:05 AM
Apr. 14, 2015, 10:13 AM
- Retail sales could see a larger impact from tax refund spending this year, according to ICSC.
- 66% of U.S. consumers expect a refund this year from Uncle Sam.
- 47% of consumers polled said they would use the money to buy goods and services, while only 17% planned to use the refund to pay down debt.
- Related ETFs: XLY, XRT, VCR, RTH, RETL, FXD, FDIS, RCD, PMR, PEZ, PSCD
Apr. 14, 2015, 9:05 AM| Apr. 14, 2015, 9:05 AM
Apr. 13, 2015, 4:53 AM
- U.S. consumer stocks have been flying off the shelves, as tumbling oil prices boost Americans' spending power, but some investors are beginning to suffer from sticker shock.
- Consumer discretionary stocks in the S&P 500 have risen 18.8% in the last six months, outpacing the 10.3% gain in the broader S&P 500, and the segment recently displaced healthcare as the most widely owned sector among stock pickers, according to Bank of America Merrill Lynch.
- The rally still has some analysts and portfolio managers worried due to elevated valuations and increasing oil prices over the last month is also raising concerns.
- ETFs: XLP, XLY, VDC, XRT, VCR, RTH, RETL, FXG, PBJ, IYK, PEJ, FXD, IYC, FDIS, RHS, SCC, FSTA, UCC, PMR, PSL, UGE, RCD, PEZ, PSCC, PSCD, SZK
Apr. 8, 2015, 11:22 AM
- Imports to West Coast ports are expected to increase 8% Y/Y in March as the backlog over the last few months is cleared.
- The return to normalcy should help retailers which were forced to take on extra shipping costs amid the dispute between the Pacific Maritime Association and the International Longshore and Warehouse Union.
- Related ETFs: XLY, XRT, VCR, RTH, RETL, IYK, FXD, FDIS, PMR, UGE, RCD, SZK
Apr. 7, 2015, 5:21 PM| Apr. 7, 2015, 5:21 PM
Apr. 2, 2015, 7:35 AM
- Expecting the S&P 500 (NYSEARCA:SPY) to gain only another 2% by year-end, and noting the index's pricey relative valuation, Goldman's David Kostin recommends investors instead by the Nasdaq 100 (NASDAQ:QQQ) - its expected earnings growth of 14% tops the S&P's 5%, but both indexes trade at similar P/Es.
- Breaking it down into sectors, Kostin recommends being Overweight information technology, energy (NYSEARCA:XLE), and telecom services (XTL, IYZ).
- Neutral: Health care (NYSEARCA:XLV), consumer discretionary (NYSEARCA:XLY), materials (NYSEARCA:XLB), and utilities (NYSEARCA:XLU).
- Underweight: Financials (NYSEARCA:XLF), consumer staples (NYSEARCA:XLP), and industrials (NYSEARCA:XLI).
Mar. 31, 2015, 9:43 AM
- Economists don't seem fully convinced that weather is behind the slower-than-anticipated pace of spending on goods and services for the first part of 2015.
- Most have lowered Q1 GDP estimates without necessarily calling for a spring sales bounce.
- Despite some indications consumer confidence has improved and a stronger job environment, consumers have increased their level of personal savings instead of spending in droves.
- The weather excuse will get its test when April numbers start coming in.
- Related ETFs: XLP, XLY, VDC, XRT, VCR, RTH, RETL, FXG, PBJ, IYK, PEJ, FXD, IYC, FDIS, RHS, SCC, FSTA, UCC, PMR, PSL, UGE, RCD, PEZ, PSCC, PSCD, SZK
Mar. 27, 2015, 10:29 AM
- Shares of Kirkland's (KIRK +5.3%) are higher after Piper Jaffray comes in with an upgrade on the retailer to Overweight from Neutral.
- The upgrade follows a similar action from the investment firm on Conn's.
- Retail analysts have noted the out-performance of the S&P Retail ETF (NYSEARCA:XRT) vs. broad market averages over the last month has been aided by some beat-up or lesser-known specialty names gaining favor.
- ETFs: XLY, VCR, RTH, RETL, FXD, IYC, FDIS, SCC, UCC, PMR, RCD
Mar. 20, 2015, 2:21 PM
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