Today, 8:03 AM
- A light bulb has gone off with some large retail chains such as Wal-Mart (NYSE:WMT) and TJX Companies (NYSE:TJX) which have hiked low-level wages in order to improve employee retention rates.
- The math as compiled by Bloomberg is pretty compelling: The average retail sales worker makes $21,140 a year, while it costs $3,400 in training costs to replace them. At a high turnover rate it becomes more economical to lift wages.
- The development is interesting to economists pondering the future impact of Wal-Mart's (10% of all retail sales in the U.S.) new wage structure on U.S. unemployment rates.
- Related stocks: YUM, MCD, KR, TGT, SHLD, HD, WBA, LOW, GPS, JCP, BLMN.
Mon, Mar. 2, 11:20 AM
- Home Depot (HD +1.5%) and Lowe's (LOW +1.3%) are out ahead of market averages after problems at Lumber Liquidator were highlighted during last night's episode of 60 Minutes.
- The two home improvement chains were spared in the 60 Minutes piece and are seen as potentially picking up some business.
- Builders FirstSource (BLDR +2%) is also bringing in some buyers.
- Previously: Lumber Liquidators -14% after 60 Minutes expose
- Previously: 60 Minutes report on Lumber Liquidators is as bad as feared (Mar. 01 2015)
Tue, Feb. 24, 7:55 AM
- Analysts are finding a lot to like from Home Depot's (NYSE:HD) Q4 report and 2015 guidance.
- The home improvement retailer's sizzling 7.9% comp during the quarter flew past the consensus analyst mark of 5.4%.
- The company also ended with a clean inventory position amid a solid pricing trend.
- Traffic was up over 5% Y/Y in a sign that bodes well heading into the spring season.
- Home Depot (HD) is up 3.77% premarket to $116.50, while Lowe's (NYSE:LOW) is showing a nice 1.99% gain off the solid report from its peer.
- Previously: Home Depot beats by $0.11, beats on revenue
- Previously: More on Home Depot's Q4
Tue, Feb. 24, 7:09 AM
- Home Depot (NYSE:HD) reports comparable-store sales rose 7.9% during Q4 and 5.3% for the year.
- The comp delivered in the U.S. was 8.9% for the quarter & 6.1% for the fiscal year.
- Total operating expenses increased 2.3% to $4.532B during the period, led by a 2.5% rise in SG&A expenses.
- Operating margin rate improved 148 bps to 11.43%.
- Merchandise inventory +0.20% to $11.08B.
- FY2015 Guidance: Sales growth: ~+3.5% to +4.7%; Comparable-store sales: ~+3.3% to +4.5%; Gross margin: flat; operating margin: +60 bps; Tax rate: ~37%; Diluted EPS: $5.11 to $5.17; Share repurchase: ~4.5B; Capex: ~$1.6B; D&A: ~$1.8B; Cash flow from operations: ~$9.0B; New stores: 6.
- HD +3.09% premarket.
Tue, Feb. 24, 6:22 AM
Tue, Feb. 24, 6:03 AM
Mon, Feb. 23, 5:30 PM
- AIXG, ALKS, AMT, BMO, CBRL, CEQP, CLDT, CLDX, CMCSA, CMLP, COT, CRNT, CRZO, CYRN, DAKT, DCI, DPZ, DRH, DYAX, ECL, EXAS, EXLS, EXPD, FDML, GLDD, GTLS, HD, IART, IPXL, M, MNKD, NEO, ODP, PCRX, PF, PLL, RLGY, SAFM, SAH, SHLX, SHOO, SPAR, SPWR, SUI, THRM, TOL, TREX, TRXC, UTHR, VAL, VSI, WEN, WIN, WLK, WPC, ZINC
Wed, Feb. 18, 1:21 PM
- Ace Hardware has rolled out a pilot same-day delivery service at 33 stores.
- Customers are charged $5 for a delivery placed online from a location within 5 miles of a store.
- The company will consider launching the service nationally if the pilot program goes well.
- Home Depot (NYSE:HD) launched a same-day shipping program late last year which aims to significantly increase the number of orders received by customers within two days.
- Ace Hardware has 4.6K stores compared to Home Depot's 2,266 locations and Lowe's 1,836 (NYSE:LOW) outlets in North America.
Thu, Feb. 12, 9:43 AM
- The read on retail sales in the U.S. isn't nearly as bad as the headline -0.8% M/M drop for January.
- Retail sales were up 3.3% compared to a year ago with a few sectors showing strong growth.
- Restaurant sales +11.3% Y/Y: The strong read follows up on a positive report from Black Box Intelligence on the sector. CAKE, CBRL, CMG, DPZ, DRI, EAT, JACK, PNRA, RRGB, RT, SBUX, SONC, WEN, BWLD, BDL, NATH, LUB, CHUY, BLMN, PZZA, TXRH, DENN, KKD, BBRG, DFRG, BOBE, RUTH, IRG, DIN, HABT, NDLS, PLKI, LOCO, YUM, KKD, TAST, GTIM, FRSH, COSI, FRS, PBPB, FRGI, QSR, CBRL, BLMN, ZOES.
- Sporting goods +8.0% Y/Y: DKS, BGFV, CAB, HIBB, SPWH.
- Building material and garden +6.9% Y/Y: A favorable weather compare came to the aid of this category. HD, LOW, LL.
- Health and personal care +6.6% Y/Y: Online channels have contributed for companies selling beauty and health items. ULTA, SBH, CVS, WBA, RAD.
Tue, Feb. 10, 8:05 AM
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.
Fri, Jan. 16, 9:19 AM
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. 1, 2:19 AM
- Dow: INTC +41%; UNH +35%; HD +28%; CSCO +25%; MSFT +25%.
- S&P 500: LUV +125%; EA +106%; EW +95%; AGN +92%; AVGO +91%.
- Nasdaq: AAL +112%; EA +106%; AVGO +91%; GMCR +78%; ILMN +68%.
Dec. 23, 2014, 7:11 PM
- The Dow Jones Industrials closed above 18,000 today for the first time ever, and one stock - Visa (NYSE:V), which contributed nearly twice the point gain of runner-up Goldman Sachs (NYSE:GS) - deserves by far the most credit for sparking the 1,000-point advance from 17,000 in July.
- Visa rallied 23% during the 120 trading days, meaning it contributed 313 points to the Dow's climb, with about half coming on a single day, Oct. 30, when the stock jumped 10% following better than expected quarterly results.
- Part of Visa’s Dow dominance is due to its size in the price-weighted index; other companies that rose more than Visa since the Dow crossed 17,000 in July - such as Home Depot (NYSE:HD), which jumped 26% and boosted the Dow by 139 points - accounted for fewer points of the Dow’s rise.
Nov. 25, 2014, 1:25 PM
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