Seeking Alpha
 

Best Buy Co. (BBY)

- NYSE
  • Tue, Jan. 20, 10:56 AM
    • The Supreme Court passes on hearing a case over the level of swipe fees charged by banks to retailers.
    • The cap on swipe fees will stand at $0.21-$0.24 following the high court decision.
    • Intense lobbying from the financial services industry prompted the Fed to move off its original recommendation for a $0.12 cap.
    • The National Retail Federation and other consumer groups have vowed to keep the fight going.
    • Related stocks: V, MA, WMT, TGT, BBY, CVS, WBA, COST, HD, LOW, GPS, M.
    | 10 Comments
  • Thu, Jan. 15, 12:45 PM
    | Comment!
  • Thu, Jan. 15, 10:33 AM
    • Target's exit from Canada has retail analysts re-evaluating the plans of a number of chains with operations in the region.
    • The list below includes companies just entering Canada with a light store count and some well-established chains which have already been trimming.
    • Specialty: Chico's FAS (NYSE:CHS), DSW (NYSE:DSW), Hennes & Mauritz (OTCPK:HMRZF), Jimmy Choo, TJX Companies (NYSE:TJX), Moncler, Aeropostale (NYSE:ARO), Versace, Nordstrom.
    • Big-box: Best Buy (NYSE:BBY), Wal-Mart (NYSE:WMT), Staples (NASDAQ:SPLS), Sears Canada (NASDAQ:SHLD).
    • Previously: Nervous feet for Nordstrom over Canada? (Jan. 15 2015)
    • Previously: Full exit from Canada for Target (Jan. 15 2015)
    | 7 Comments
  • Thu, Jan. 15, 9:16 AM
    | 9 Comments
  • Thu, Jan. 15, 7:41 AM
    • Shares of Best Buy (NYSE:BBY) slip in early trading as the company takes a "cautionary" stance on domestic sales trends outside of the holiday period which saw the introduction of high-profile products (mobile, 4K TVs).
    • Enterprise comparable sales growth in the first half of FY16 is forecast to be flat to negative low-single digits.
    • The company's operating income rate is expected to be down 30 bp to 50 bps over the same period.
    • BBY -6.9% premarket to $37.15.
    | Comment!
  • Thu, Jan. 15, 7:13 AM
    • Best Buy (NYSE:BBY) reports domestic comparable-store sales increased 2.6% during the holiday period.
    • Comparable online sales were up 13.4% vs. the +23.5% pace of a year ago.
    • The international comp was down 3.6% for the two-month period.
    • Demand in the electronics categories was previously reported to lag overall holiday sales.
    • Previously: Holiday retail sales something of a revelation (Jan. 08 2015)
    • BBY -2.4% premarket.
    | 1 Comment
  • Wed, Jan. 14, 9:17 AM
    • A slide in retail sales during December was impacted by weakness with the electronics stores (BBY, CONN, HGG) and building materials/garden equipment (HD, LOW) categories.
    • The biggest drag on the index was the gasoline stations component (CASY, PTRY]]) which recorded a 6.5% M/M and 14.2% Y/Y decline in December.
    • Good news for the restaurant sector (MCD, QSR, YUM, SONC, WEN) as sales were up 0.8% M/M and 8.2% Y/Y during the month.
    | 3 Comments
  • Thu, Jan. 8, 8:18 PM
    • Holiday retail sales rose 4.6% vs. expectations for a 3.8% lift, according to a read from ShopperTrak. The growth rate is the highest since 2005 for the period.
    • The rush of positive reports from retailers on holiday sales comes off of some beaten-down expectations, notes Chain Store Age.
    • Concerns on mall traffic, a West Coast port slowdown, and a frenzied level of promotions drove consensus estimates lower before some macroeconomic factors improved and $2 gas entered the scene.
    • A cross-section of retailers that surprised on the upside includes Barnes & Noble, Pier 1 Imports, Walgreens, Urban Outfitters, and Sonic.
    • What to watch: Costco (NASDAQ:COST) put up a 5% comp for December, putting some pressure on Wal-Mart (NYSE:WMT) and Target (NYSE:TGT) to show signs of late-quarter strength. Signs of weakness at dollar stores (DG, DLTR, FDO, FIVE) and electronics chains (HGG, CONN, BBY) are a concern. Retailers seen as on-trend for the holiday season include Foot Locker (NYSE:FL), Lululemon (NASDAQ:LULU), and Williams-Sonoma (NYSE:WSM).
    • Related ETFs: XLY, XRT, VCR, RTH, RETL, IYK, FXD, IYC, FDIS, SCC, UCC, PMR, UGE, RCD, SZK
    | 12 Comments
  • Tue, Jan. 6, 10:11 AM
    • Conn's (CONN -1.3%), RadioShack (RSH -1%) and Best Buy (BBY -0.7%) are all lower after electronics seller hhgregg warns on weak Q4 sales.
    • The tablet/computer category pulled down hhgregg's sales below estimates.
    | 2 Comments
  • Sat, Jan. 3, 7:51 PM
    • The intense competition in retail over free shipping policies is expected to bring some pain to Q4 margins as big box and e-commerce firms scrap for market share, warn analysts.
    • ComScore reports that free delivery on online purchases rose to 68% in 2014, up from 44% last year.
    • Amazon (NASDAQ:AMZN): 2014 shipping costs were up 32% through Q3. That mark comes before a holiday season in which the company says it saved customers a mere $2B in shipping fees.
    • Wal-Mart (NYSE:WMT): The Bentonville giant has already warned investors it will spend heavily on e-commerce and fulfillment center expansion as it eyes +30% growth in online sales. The company may have difficulty dialing back its free delivery policies, say industry insiders.
    • Target (NYSE:TGT): Wolfe Research projects a 1% shift in Target sales to e-commerce cuts into the firm's profit margin by 5 bps.
    • What to watch: Online sales rose 16% in Q3 vs. 4% for broad retail, a differential that is expected to have widened in Q4. Retailers with a sharp shift in mix to online could have trouble hitting consensus EPS estimates.
    • Related stocks: BBY, DKS, CAB, SPLS, TJX, BIG.
    • Related ETFs: XLP, XLY, VDC, XRT, VCR, RTH, RETL, FXG, IYK, FXD, IYC, FDIS, RHS, SCC, FSTA, UCC, PMR, UGE, RCD, PEZ, PSCD, SZK
    | 45 Comments
  • Dec. 30, 2014, 11:47 AM
    • Best Buy (BBY +0.2%) and Staples (SPLS +0.3%) are increasing their reliance on "creative" sub-leases in order to trim square footage costs, according to ICSC.
    • The trend in retail towards downsizing is expected to become even more pronounced in 2015.
    • Sears Holdings (SHLD -1.9%) shifted into a real estate management mode over a year ago, aided by prominent deals with Dick's Sporting Goods and Whole Foods Market.
    | 2 Comments
  • Dec. 23, 2014, 2:59 PM
    • The strong reads on consumer spending (ICSC, Redbook) bode well for Q4 earnings in the retail sector, note analysts.
    • Electronics sellers (BBY, HGG) and the luxury sector (RL, TIF, COH, KORS, KATE, FOSL, VRA) are viewed as being in a good position to see a December boost.
    • Companies which eased off on pulling a bulk of their sales forward with Black Friday/Cyber Monday deals are also seen as potential winners with sub-$2 gas resetting some holiday budgets.
    • Though e-commerce is expected to dazzle again this holiday season. It's not all fun and games for analysts looking at margins. The extension by Amazon (AMZN -0.1%) of its free shipping offer could be a signal that inventory levels are higher than anticipated and that the growth-at-all-costs mentality at the company is as entrenched as ever, notes Nasdaq Advisory Services.
    • The S&P Retail ETF (NYSEARCA:XRT) has doubled up the return of the S&P 500 over the last 3 months, 10.8% vs. 5.1%.
    • Previously: Retail trends to watch: Athleisure, P-E buyouts, and new online channels (Dec. 20 2014)
    • Related ETFs: XLP, XLY, VDC,VCR, RTH, RETL, FXG, PBJ, IYK, PEJ, FXD, IYC, FDIS, RHS, SCC, FSTA, UCC, PMR, PSL, UGE, RCD, PEZ, PSCC, PSCD, SZK
    | 1 Comment
  • Dec. 10, 2014, 8:21 AM
    • Best Buy (NYSE:BBY) is advertising free two-day shipping on thousands of items, reports RetailDive.
    • The move by the company is a reaction to the aggressive shipping promotions from Target and Amazon this holiday season.
    • Analysts see a marginal mix benefit for FedEX (NYSE:FDX) and UPS (NYSE:UPS) from the increase in retailers pushing their free two-day shipping services.
    | 3 Comments
  • Dec. 9, 2014, 8:36 AM
    • Shares of Best Buy (NYSE:BBY) are lower in early trading as a crisis at Conn's casts a shadow over big box retail.
    • Some retail analysts are calling the knee-jerk reaction a little overwrought considering Best Buy hasn't been as aggressive with its financing program.
    • BBY -1.9% premarket vs. S&P 500 -0.7%. Shares of hhgregg (NYSE:HGG) haven't opened yet but could see some nervous trigger fingers also.
    | 3 Comments
  • Dec. 4, 2014, 7:25 AM
    • Best Buy (NYSE:BBY) plans to exit China after running into a number of challenges competing in the region.
    • The company's Jiangsu Five Star Appliance unit will be sold to Zhejiang Jiayuan Real Estate Group for an undisclosed amount.
    • Last year, Best Buy sold off its European business in a move that took some pressure off its bottom line.
    | 1 Comment
  • Dec. 2, 2014, 1:05 PM
    • A technical breakdown on the performance of retail e-commerce sites for Black Friday and Cyber Monday reveals some winners and losers.
    • Sears (NASDAQ:SHLD), Costco (NASDAQ:COST), Office Depot (NASDAQ:ODP), REI, Saks and NewEgg drew high marks for using responsive web design to create a seamless mobile experience for users.
    • Costco and Sears were also on a list of fastest sites - along with Barnes & Noble (NYSE:BKS), W.W. Grainger (NYSE:GWW), Williams-Sonoma (NYSE:WSM), and Hennes & Mauritz (OTCPK:HMRZF).
    • The extended holiday was more uneven for Best Buy (NYSE:BBY), Staples (NASDAQ:SPLS), Cabela's (NYSE:CAB), and Forever 21 which had painful outages or slow performance times.
    • J.C. Penney (NYSE:JCP) was reported to have had a temporary mobile glitch which caused a slowdown, but also ended up on a list of top website performers.
    | 9 Comments
BBY vs. ETF Alternatives
Company Description
Best Buy Co Inc Best Buy Co Inc is a retailer of technology products, including tablets and computers, televisions, mobile phones, large and small appliances, entertainment products, digital imaging and related accessories.
Sector: Services
Country: United States