Nov. 18, 2014, 10:18 AM
- Piper Jaffray comes up with an eclectic mix as part of its five best retail stock picks for the holiday season.
- Best Buy (NYSE:BBY): A strong electronics lineup this year bodes well for Best Buy. Ultra HD 4K TVs, iPhone 6s, and GoPro products top many wish lists.
- Coty (NYSE:COTY): A focus on color cosmetics sets up Coty for market share gains this holiday season.
- Del Frisco's Restaurant Group (NASDAQ:DFRG): A bounce in consumer and business expense spending should help this high-end dining name, says Piper.
- Michael Kors (NYSE:KORS): The MK brand is as hot as ever. Consumers in a survey by Piper ranked it as the top fashion brand.
- Nordstrom (NYSE:JWN): The department store operator's best in-class e-commerce operation stands out.
Nov. 11, 2014, 9:04 AM
- Best Buy (NYSE:BBY) announces it will open at 5:00 p.m. on Thanksgiving Day which will give it an hour jump on some of its rivals. Most stores will stay open until 1:00 a.m.
- The retailer is making a marketing push on 4K Ultra HD Smart TVs which is a margin-boosting category when accessories and service plans are factored in.
- Best Buy has been a favorite pick of some retail analysts to surprise this holiday season with a sales gain over the industry average (4.0%-4.5%).
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.
Oct. 29, 2014, 2:42 PM
- Best Buy (BBY -1%) is well-positioned on the operational side for the holiday season, according to Citi.
- Improved distribution channels should help Best Buy navigate any weather or logistical issues that arise deep into the holiday period.
- The investment firm also notes that all 1.4K Best Buy U.S. locations are set up with an option for customers to pick up online orders from stores.
Oct. 27, 2014, 4:59 AM
- Rite Aid (NYSE:RAD) and CVS (NYSE:CVS) have disabled Apple's (NASDAQ:AAPL) mobile wallet system, Apple Pay, from working in their outlets across the U.S.
- The reason wasn't immediately clear, the NYT reports, although it might have something to do with the drug retailers being part of MCX, a consortium of merchants that is developing an unfinished rival product called CurrentC.
- A major question is whether other MCX retailers, which include Best Buy (NYSE:BBY), Gap (NYSE:GPS) and Walmart (NYSE:WMT), will also cut Apple, and/or whether consumers would revolt at such a move.
- Apple has been working with MasterCard (NYSE:MA) on its system.
Oct. 7, 2014, 8:23 AM
- Best Buy (NYSE:BBY) might at least take a look at buying Conn's (NASDAQ:CONN), theorizes Barron's Ben Levisohn.
- The retail chain has a deep penetration in the southern part of the U.S. where Best Buy's footprint is a bit thinner.
- Shares of Conn's are down 59% YTD, although much of the concern from investors is focused on the credit side of the business.
Oct. 7, 2014, 8:05 AM
- The National Retail Forecast forecasts holiday sales will increase by 4.1% this season.
- The mark doesn't includes sales from the auto, gas, and restaurant categories.
- Holiday sales haven't risen at a +4% clip since 2011.
- Online sales are pegged for a 8% to 11% rise this holiday season to top last year's 8.6% gain.
- Related stocks: AMZN, TGT, WMT, BBY, M, GPS, JWN, KSS, LULU, ANF, AEO, URBN, DKS, CAB, NKE, LB.
- Related ETFs: XLY, XRT, VCR, RTH, RETL, IYK, IYC, FXD, FDIS, SCC, UCC, PMR, UGE, RCD, SZK
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. 9, 2014, 7:15 PM
- RadioShack (NYSE:RSH) will release its financial results Thursday morning, and Wedbush analyst Michael Pachter sees a big, big miss, projecting a $0.66/share loss vs. Street consensus for a $0.36 loss, on sales of $762M vs. $893M consensus.
- The firm says brick and mortar electronics retailers such as RSH and Best Buy (NYSE:BBY) will see persistent structural decline as internet sales continue to take share; it sees continuing evidence of traffic deterioration and lower productivity for BBY’s retail foot print, while RSH has less financial flexibility to invest in price competitiveness.
- Believing bankruptcy is imminent, Pachter lowers his price target for RSH to zero.
Aug. 27, 2014, 10:53 AM
Aug. 26, 2014, 11:14 AM
- Execs with Best Buy (BBY -4.9%) focused heavily on the cost saving initiatives in place at the company during their conference call talk with analysts this morning.
- Though demand is expected to be weak in the consumer electronics and mobile phone categories, home theaters could see a boost with increased demand for 4K TVs, especially next year when prices come down.
- The high penetration of mobile phones in the U.S. is a bit of drag on demand, notes Hubert Joly.
- Look for a more refined and targeted marketing message from Best Buy as it uses more data.
- The back-to-school season is "in-line" with expectations so far.
- Earnings call webcast
Aug. 26, 2014, 7:33 AM| 2 Comments
Aug. 26, 2014, 7:14 AM
- Best Buy (NYSE:BBY) reports comparable-store sales fell 2.0% in FQ1 on continued weakness in the consumer electronics category.
- Comparable online sales +22%.
- International comparable-store sales -6.7%.
- Domestic gross profit rate -390 bps to 23.4%, overall -340 bps to 23.1%.
- Domestic SG&A expense ratio -180 bps to 20.1%, overall -160 bps to 20.4%.
- Inventory +2.7% to $5.583B.
- BBY +3.2% premarket
Aug. 26, 2014, 7:01 AM
Aug. 25, 2014, 5:30 PM
Aug. 22, 2014, 7:29 AM
- Piper Jaffray backs its Buy rating on Best Buy (NYSE:BBY) heading into the retailer's Q2 earnings release next week.
- The investment firm expects a negative BBY comp, but sees some gross margin improvement.
- Things may get easier in Q3 and Q4 for Best Buy when it starts to lap easier comps and with an iPhone launch scheduled.
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