Nov. 20, 2014, 10:45 AM
- The usual suspects topped a list of the businesses with the most foot traffic in October, compiled by location analytics firm Placed.
- The top five chains were Wal-Mart (NYSE:WMT), McDonald's (NYSE:MCD), Subway, Starbucks (NASDAQ:SBUX), and Walgreens (NYSE:WAG).
- Significant movers over the last month include KMart (NASDAQ:SHLD) +9 spots, KFC (NYSE:YUM) +6 spots, Bed Bath & Beyond (NASDAQ:BBBY) -7 spots, and Costco (NASDAQ:COST) -6 spots.
Oct. 31, 2014, 1:21 PM
- The odds aren't good for a national roll-out of smartphone payments solution CurrentC, according to USA Today's Jeff Graham.
- The retail consortium admitted to a hacking incident earlier this week and has lost momentum with Apple Pay dominating headlines.
- Inside the network, Meijer broke ranks with fellow MCX members by moving to accept Apple Pay with its hardware.
- CurrentC was created to help the retail industry bypass credit card fees.
- Partial list of MCX members: LUV, GPS, DNKN, KR, TGT, WMT, BBBY, KSS, SHLD, WEN, BBY.
Sep. 24, 2014, 9:20 AM
Sep. 24, 2014, 8:13 AM
- Retail sales could increase by 4.5% to $986B this holiday season on an improved macroeconomic backdrop, forecasts Deloitte Touche.
- The mark would easily top last year's 2.8% rise.
- Online sales are tipped to rise by 14%.
- Promotional activity across broad retail has been dialed back a touch during the back-to-school season, but is still a risk to margins heading into the crucial shopping period.
- What to watch: This holiday season could be an operational pressure cooker for UPS (NYSE:UPS) and FedEx (NYSE:FDX) with demand expected to be high.
- Related stocks: AAP, AEO, ANF, BBBY, BBY, BJ, CHS, COH, COST, DG, FDO, FL, GPS, JCP, JNY, JWN, KSS, LB, LULU, M, NDN, PIR, RL, TGT, TIF, TJX, UA, URBN, VFC, WMT, ZLC, PERY, SQBG, VNCE, KORS, GIII, KATE, GIL, VRA, ICON, PSMT, AMZN.
- Related ETFs: XLY, XRT, VCR, RTH, RETL, IYK, FXD, FDIS, PMR, UGE, RCD, SZK
Sep. 23, 2014, 5:35 PM
Sep. 23, 2014, 4:17 PM| 1 Comment
Sep. 23, 2014, 3:30 PM
- Shares of Bed Bath & Beyond (BBBY -1.4%) are skittish heading into today's earnings release from the retailer.
- It's not without good cause after peers The Container Store and Pier 1 Imports both lowered sales projections due to soft demand.
- What to watch: Channel checks have indicated the company's traffic has been driven by 20%-off deals. Margin rates could be well-off last year's levels.
Sep. 22, 2014, 5:35 PM
Sep. 17, 2014, 11:54 AM
Jul. 17, 2014, 10:43 AM
- Bed Bath & Beyond (BBBY +0.6%) announces it closed on its $1.5B senior note offering. An extra $46M in interest expenses will be added for the fiscal year as a result of the new issuance.
- The company also disclosed that it entered an accelerated share repurchase agreement with Goldman Sachs to buy back $1.1B in stock.
Jul. 15, 2014, 3:38 PM
- The announcement by Bed Bath & Beyond (BBBY +1.5%) that it would float debt is a "seminal event" in the company's history after it went 20 years without issuing any bonds, according to UBS analyst Michael Lasser.
- Some analysts think the move was made to stake off activist investors or a hostile takeover.
Jul. 15, 2014, 8:41 AM
- A decline in sales at furniture stores and home furnishing outlets (PIR, BBBY, LZB, ETH, RH, HVT, KIRK, WSM) dragged down retail sales during the month of June.
- The building material and garden equipment category (HD, LOW) was also weak.
- Perhaps a surprise, but sales at clothing stores outpaced other businesses during the month.
Jul. 14, 2014, 11:07 AM| Comment!
Jul. 9, 2014, 9:09 AM
- Shares of Bed Bath & Beyond (BBBY), Pier 1 Imports (PIR), and Williams-Sonoma (WSM) are on watch after The Container Store (TCS) CEO Kip Tindell paints an ugly picture for specialty retail.
- Tindell on retail: "...consumers seem to be buying homes and automobiles and even high ticket furniture which has kind of been in the doldrums since the great recession. But most segments of retail are a little like us, seeing more challenging sales certainly than we had hoped for early in 2014."
- The Container Store earnings call transcript
- TCS -16.1% premarket
Jul. 7, 2014, 8:46 AM
Jul. 7, 2014, 8:24 AM| Comment!
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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