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)
Wed, Apr. 8, 5:38 PM
Wed, Apr. 8, 4:27 PM
- Bed Bath & Beyond (NASDAQ:BBBY) reports comparable-store sales grew 3.7% in FQ4 vs. 4.5% forecast by analysts.
- The comp mark was clipped 20 bps by the Canadian foreign exchange rate.
- Operating profit increased 1% Y/Y to $532.17M.
- Previously: Bed Bath & Beyond EPS in-line, misses on revenue
- BBBY -2.9% after hours to $75.46.
Wed, Apr. 8, 4:17 PM
Tue, Apr. 7, 5:35 PM
Wed, Mar. 18, 9:13 AM
- Bed Bath & Beyond (NASDAQ:BBBY) plans to tighten some of its return policies, execs tell Racked.com.
- The retailer was known for having one of the most generous return philosophies in the sector to the delight of customers.
- A new policy will deduct 20% for all returns without a receipt
- It's a tricky road for the company as it balances customer loyalty against loss prevention with an eye on margins.
Wed, Feb. 25, 2:18 PM| Comment!
Fri, Feb. 20, 9:52 PM
- Some false alarms earlier, but the AP reports (and union spokesmen and the PMA started confirming) that agreement has been reached with West Coast dockworkers.
- The deal would end a nine-month negotiation that has led to significant slowdowns at 29 West Coast U.S. ports. Labor Secretary Thomas Perez urged the PMA and union workers to come to agreement today.
- The contract still needs union ratification.
- Affected furniture stocks: RH, PIR, HVT, BBBY, ETH, HOFT, OTCQB:BEST, W, LZB, OTCPK:LEFUF, BSET.
- 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, BWS, PERY, DXLG, BONT, GES, URBN, RL,GIL, NKE, OXM, HBI, VNCE, PERY, ICON, FL.
- Previous coverage of the slowdown
Tue, Feb. 17, 12:53 PM
- The furniture market is seeing some disruption as the West Coast port slowdown continues.
- A stalled pace of imports is impacting wholesale pricing for companies relying on suppliers that ship to ports in California, Oregon, and Washington.
- Even companies without a heavy reliance on Asian imports are feeling a supply chain shock.
- Previously: West Coast port slowdown continues (Feb. 16 2015)
- Related stocks: RH, PIR, HVT, BBBY, ETH, HOFT, OTCQB:BEST, W, LZB, OTCPK:LEFUF, BSET.
Thu, Jan. 8, 4:42 PM
- Bed Bath & Beyond's (NASDAQ:BBBY) comparable store sales rose 1.7% Y/Y in FQ3, a slowdown from FQ2's 3.4%.
- The retailer continues to expect FQ4 EPS of $1.78-$1.83, in-line with a $1.80 consensus.
- FQ3 gross margin fell 80 bps Y/Y to 38.4%. SG&A spend rose 4% to $776.3M, slightly outpacing revenue growth of 3%.
- A $1.1B accelerated buyback was finished in December. $200M had been spent via BBBY's $2B buyback program as of Nov. 29.
- FQ3 results, PR
Thu, Jan. 8, 4:18 PM
Wed, Jan. 7, 5:35 PM
Tue, Jan. 6, 11:29 AM
- Specialty retail is set up to see a strong year, according to Jefferies analyst Randal Konik.
- The sector enters the year in a better position than in 2014 with inventory clean and the macroeconomic backdrop looking supportive.
- Comp sales will lag a string of weak quarters and lower cotton prices will filter down to the bottom lines of the group, says Konik.
- Specialty retailers (partial list): EXPR, ZUMZ, PSUN, ARO, AEO, ANF, CACH, CHS, NWY, BEBE, ANN, CBK, GPS, GES, PIR, BBBY, TCS, LE, VRA.
- Related ETFs: XLY, XRT, VCR, RTH, RETL, FXD, FDIS, PMR, RCD
Mon, Jan. 5, 8:50 AM
- The PetSmart LBO strategy could be utilized again in the retail sector amid the current low interest rate environment, note analysts.
- Bloomberg picks some top candidates to see a LBO play this year.
- GameStop (NYSE:GME): Valuation has been driven down to a level that could attract P-E firms.
- Bed Bath & Beyond (NASDAQ:BBBY): Spinoff opportunities and a lagging stock price make BBBY a LBO natural, note sector watchers.
- Pier 1 Imports (NYSE:PIR): A buyer would have plenty of opportunities to cut costs and set a turnaround strategy.
- Dick's Sporting Goods (NYSE:DKS): Perhaps the surprise in the bunch, but analysts see upside potential in a LBO scenario as a shift in focus is enacted.
- Previous on LBOs in retail: Retail trends to watch
Fri, Jan. 2, 7:25 AM
- Canaccord Genuity upgrades Bed Bath & Beyond (NASDAQ:BBBY) to a Buy rating from Neutral.
- The investment firm increases the price target on the specialty retailer to $91 from $66.
- Channel checks on traffic and conversions for BBBY in December were positive.
- BBBY +1.2% premarket.
Nov. 20, 2014, 3:24 PM
- Home furnishing stocks stocks are in rally mode after Kirkland's (KIRK +22.9%) and Williams-Sonoma (WSM +8.3%) both top expectations.
- The development follows strong reports from Home Depot and Lowe's which also showed strong demand for home products.
- Gainers: Restoration Hardware (NYSE:RH) +6.4%, Pier 1 Imports (NYSE:PIR) +2.0%, Haverty Furniture (NYSE:HVT) +2.5%, Bed Bath & Beyond (NASDAQ:BBBY) +2.0%, Ethan Allen (NYSE:ETH) +2.9%.
BBBY vs. ETF Alternatives
Bed Bath & Beyond Inc operates a chain of retail stores. It operates under the names Bed Bath & Beyond, Christmas Tree Shops, Harmon and Harmon Face Values, buybuy BABY & World Market or Cost Plus World Market.
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