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.
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
Thu, Jan. 8, 9:15 AM
Thu, Jan. 8, 6:53 AM
Tue, Jan. 6, 10:11 AM
Sun, Jan. 4, 3:49 PM
- The following stocks were the Russell 2000's worst performers in 2014:
- KWK -93.5%. WLT -91.7%. AMZG -89.5%. PHMD -88.2%. EXXI -88%. RGDO -86.8%. REN -85.4%. HERO -84.7%. EOX -84.3%. MCP -94.3%. CVEO -84.2%. BPZ -84.1%. FWM -82.6%. MILL -82.2%. NADL -81.6%. VRNG -81.4%. CYTX -81%. SALT -80.5%. PRKR -80%. MBII -79.7%. NTLS -79.2%. COVS -78.9%. KEG -78.9%. MM 78 MPO -77%. ANR -76.6%. EXEL -76.5%. SZYM -76.3%. CONN -76.2%. ANV -75.5%. GALT -75.5%. ZQK -74.8%. ARO -74.5%. REXX -74.1%. GDP -74%. FUEL -73.8%. QRHC -73.7%. VTG -73.4%. RLOC -73%. XONE -72.2%.
Dec. 9, 2014, 12:45 PM
Dec. 9, 2014, 9:09 AM
Dec. 9, 2014, 8:28 AM
- Shares of Conn's (NASDAQ:CONN) plummet in early trading after Q3 results disappoint.
- A large miss on the company's bottom line is largely attributable to credit management issues which have led to delinquent accounts.
- Investors were also rattled today by the sudden departure of Conn's CFO Brian Taylor and the withdrawal of 2015 and 2016 guidance.
- CONN -35.9% premarket to $22.59.
Dec. 9, 2014, 7:22 AM
- Conn's (NASDAQ:CONN) reports same-store sales dipped 1.0% in FQ3.
- Sales of furniture and mattresses rose 37% to $86.82M to mark 28.5% of total sales.
- Conn's saw a 5.5% boost in TV same-store sales during November on increased demand for Ultra HD TVs.
- A tighter credit underwriting policy by Conn's impacted results compared to a year ago.
- Retail gross margin rate +50 bps to 40.6%.
- Customer balances between 31 to 60 days overdue -30 bps to 3.3%.
- Guidance: Same-store sales are expected to increase 0% to 3% in Q4. A retail gross margin rate of 39.0% to 40.0% is forecast. Conn's pulls guidance for 2015 and 2016 due to its ongoing review of strategic alternatives.
Dec. 9, 2014, 7:10 AM
Dec. 8, 2014, 5:30 PM
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. 6, 2014, 9:16 AM| Comment!
Oct. 6, 2014, 7:42 AM| Comment!
Oct. 6, 2014, 7:12 AM
CONN vs. ETF Alternatives
Conn's Inc is a specialty retailer of branded durable consumer goods offering products such as furniture and mattresses, home appliances, consumer electronics and home office products. It also provides consumer credit to support its customers' purchases.
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