Feb. 24, 2014, 5:30 PM
Feb. 19, 2014, 8:41 AM| Comment!
Feb. 13, 2014, 9:16 AM
- Despite a sluggish reading on retail sales in the U.S. for January, a couple of categories showed some strength.
- Building materials and garden equipment sales rose 3.7% Y/Y and 1.4% M/M in what could be a good trend for Home Depot (HD) and Lowe's (LOW).
- Grocery stores (KR, SVU, SWY, DEG, IMKTA) outperformed as well, up 4% Y/Y and 0.4% M/M.
Feb. 12, 2014, 8:19 AM
Feb. 11, 2014, 1:28 PM
- Home Depot (HD +0.4%) has opened the first of its three e-commerce fulfillment centers in a suburb of Atlanta.
- The company plans to build 3M square feet of fulfillment space across three separate locations to help with online orders.
- Though adding to capex costs, the investment will eventually allow Home Depot customers to order any product online.
Feb. 5, 2014, 9:33 AM| Comment!
Jan. 28, 2014, 1:23 PM
Jan. 23, 2014, 4:43 PM
Jan. 8, 2014, 9:16 AM
- Retail analysts think some companies could surprise with December and January revenue totals despite the general trend of slow traffic as they picked up snow-related sales during the extended bout of winter storms which have hit the Midwest and East Coast.
- What to watch: Major storms can push up the average basket price from consumers for select retailers.
- Winter sellers: Dick's Sporting Goods (DKS), Home Depot (HD), Lowe's (LOW), Columbia Sportswear (COLM), Under Armour (UA).
Dec. 16, 2013, 9:19 AM
- Analysts don't expect the fierce winter snowstorm that struck a wide swath of the Northeast and Midwest to significantly impact overall holiday sales, although a pickup in e-commerce channels could be seen. The trend sets up well for Amazon (AMZN), eBay (EBAY), FedEx (FDX), and UPS (UPS).
- Retailers focused on winter gear and machinery such as Dick's Sporting Goods (DKS), Tractor Supply (TSCO), Home Depot (HD), and Lowe's (LOW) could also see some extra snow-related sales, note analysts.
Dec. 13, 2013, 8:35 AM
- Raymond James upgrades Home Depot (HD) to Outperform from Market Perform after taking in the company's Investor Day presentation.
- The investment firm sees margin upside in 2014 for the home improvement behemoth.
- Home Depot Investor Day recap: (same-day delivery, financial targets)
- HD +0.9% premarket to $79.21.
Dec. 12, 2013, 10:04 AM
- Retail sales showed their biggest gain since June and beat expectations after backing out auto sales.
- Automobile and housing-related categories helped drive up sales during November to make up for weakness in other areas. Furniture (LZB, ETH, HVT, PIR, BBBY) and home furnishings stores (WSM, RH, KIRK) showed an impressive 9.7% Y/Y gain. The read for Home Depot (HD -0.3%) and Lowe's (LOW -0.4%) is positive as well as their key categories looked solid.
- Grocery stores (SVU, KR, DEG, IMKTA, SFM, WFM) and clothing stores were drags during the month.
Dec. 11, 2013, 3:47 PM
- Home Depot (HD +0.4%) tells investors and analysts attending a conference that it's spending $300M in supply chain and tech improvements aimed at boosting online sales.
- Another goal of the program is to give the company some limited options for same-day delivery to customers and professional contractors.
- An exec with Home Depot thinks 100K items could be in the pool of products available for same-day delivery.
- Sensibly, the company won't be using drones to deliver buzz saws and dry wall.
- Earlier: Amazon launches same-day delivery in San Fran.
- Home Depot Investor and Analyst Conference webcast
Dec. 11, 2013, 7:12 AM
- Home Depot (HD) issues a business update and highlights some strategic priorities.
- The company reaffirms 2013 sales and EPS guidance as it sees comparable store sales growth of 7% for the year.
- Financial targets for 2014 include sales growth of 5%, operating margin expansion of 70 bps, and EPS growth of 17%. Only 8 new stores are expected to be added to Home Depot's store count during the period.
- In 2015, operating margin of 13% is set as a target with the home improvement retailer on a pace to exceed its previous target early.
- HD +0.1% premarket
Dec. 4, 2013, 2:48 PM
- Home Depot (HD -0.6%) wins another head-to-head comparison against rival Lowe's (LOW +0.6%) after it landed more market share of Black Friday weekend traffic, 5.6% vs. 4.2%, while spending roughly the same amount on TV advertising in the weeks leading up to the period.
- Lowe's spent $4M for each percentage point of market share (of the top 50 retailers) while Home Depot only doled out $2.9M.
- Comparable stores sales growth trends have been stronger at Home Depot as well this year.
Nov. 26, 2013, 4:57 AM
- Consumers who think they'll be getting huge discounts on Black Friday might want to think again. In the words of the WSJ's Suzanne Kapner, "those bargains will be a carefully engineered illusion."
- Retailers and suppliers first work out the lowest price they can sell a product at and still make the profit they want, and then they jack up the "suggested retail price" so that the retailer can later offer a big discount.
- Another tactic is for stores to raise selling prices just before the holiday season discount period kicks in.
- Retailers: WMT, JCP, M, SHLD, JOSB, MW, KSS, BBY, TGT, HD
- ETFs: XLY, XRT, VCR, RTH, RETL, PEJ, IYK, FXD, PMR, UGE, RCD, SZK, PSCD, FDIS, PEZ
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