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HVT vs. ETF Alternatives
Tuesday, Feb 2510:41 AM
Tuesday, Feb 2510:41 AM| 1 Comment
- ICSC reports retail sales fell off last week despite warmer temperatures across the U.S.
- Though traffic was on the light side, a few categories showed improvement. Sales at wholesale clubs (COST, PSMT) and furniture stores (PIR, BBBY, LZB, RH, ETH, HVT) continued to show more resiliency in 2014 to weather than broad retail.
- ICSC forecasts February comp sales will improve 3%-3.5% Y/Y.
Monday, Feb 245:18 PM|Monday, Feb 245:18 PM| Comment!
Tuesday, Feb 119:35 AM
Tuesday, Feb 119:35 AM| Comment!
- ICSC attributes the weekly dip in retail sales to weather patterns, but a few bright spots did emerge.
- Despite slow traffic patterns, categories which showed strength included wholesale clubs (WMT, COST, PSMT) and furniture stores (LZB, ETH, HVT, PIR, BBBY)
- For the full month, the research group sees monthly comparable-store sales growth of between 3.0% and 3.5%. That mark reps solid sales growth for the period compared to prior forecasts, although ICSC warns the figure could change again with the weather.
- Related ETFs: XLY, XRT, VCR, RTH, RETL, IYK, FXD, FDIS, PMR, UGE, RCD, SZK, PEZ, PSCD
- ICSC PR
Thursday, Dec 122013, 10:04 AM
Thursday, Dec 122013, 10:04 AM| Comment!
- 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.
Wednesday, Oct 302013, 6:12 PM|Wednesday, Oct 302013, 6:12 PM| Comment!
Monday, Oct 142013, 9:06 AM|Monday, Oct 142013, 9:06 AM| Comment!
Thursday, Oct 102013, 2:54 PM
Thursday, Oct 102013, 2:54 PM| Comment!
- The government shutdown might have put a stop to the release of many economic reports, but at MasterCard the data crunching continues to go on.
- A new report from MasterCard Advisors finds September retail sales were up 3% Y/Y - a deceleration from the pace seen early in the summer.
- Though apparel and department stores (DDS, JCP, KSS, M) showed weakness, Internet sales (AMZN, EBAY, BBY, TGT) were up at a double-digit clip.
- Sales in the hardware and furniture & furnishings (LZB, ETH, HVT, RH,BSET, LEG) sectors were affected by fears over the impending government shutdown.
- MasterCard PR
Tuesday, Sep 172013, 11:17 AM
Thursday, Aug 12013, 9:38 AM|Thursday, Aug 12013, 9:38 AM| Comment!
Thursday, Jul 112013, 10:26 AM
Monday, Jul 82013, 3:48 PMKeyBanc initiates Haverty (HVT -0.6%) at Buy with a $30 price target representing a 27% upside from Friday's close. It's a "small-cap growth story with attractive cyclical recovery potential," says analyst Bradley Thomas, who also notes that he "expects sales per square foot to recover to their prior peak of over $200" before possibly rising to $250 per square foot over the long-term. |Monday, Jul 82013, 3:48 PM| Comment!
Tuesday, Jun 42013, 9:03 AMMore on ICSC Retail Store Sales: The retail reading from Memorial Day week was solid as some pent-up demand was released. Department stores (M, JWN, KSS, JCP, SKS, DDS, SHLD, BONT, TJX) showed strength - while furniture sales (RH, HOFT, FBN, HVT, PIR, ETH, BSET) didn't quite keep up. |Tuesday, Jun 42013, 9:03 AM| Comment!
Thursday, May 22013, 5:58 AM
Thursday, Apr 112013, 8:04 AMHome furnishing and furniture stocks could see some attention from traders after Pier 1 Imports issues a slightly disappointing outlook for sales and profit in FY14. The bounce in the housing market has raised expectations for the sector. On watch: RH, KIRK, HVT, FBN, LZB, ETH. |Thursday, Apr 112013, 8:04 AM| 1 Comment
Monday, Feb 252013, 5:34 PM
Monday, Feb 252013, 3:40 PMFurniture stocks are trading weak as smaller-sized Leon's Furniture reports sluggish numbers in Canada and the sub-sector gets lined up as a potential target of consumer spending pullback. Restoration Hardware (RH -3.5%), Pier 1 Imports (PIR -3.5%), Haverty Furniture (HVT -2.7%), and William- Sonoma (WSM -2.5%) are all underperforming on the day. |Monday, Feb 252013, 3:40 PM| Comment!
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