Nov. 18, 2013, 7:52 AM| Comment!
Oct. 27, 2013, 10:12 AM
- Economists forecast a delayed report on September retail sales will show no change in purchases as spending on automobiles stalled just a bit during the month amid federal shutdown concerns.
- Though there has been a cautionary tone from analysts on retail all-stars such as Home Depot (HD), Lowe's (LOW), Gap (GPS), and Macy's (M) - retail sales ex-auto are pegged to poke out a 0.4% gain during September as some sectors have held up.
- Looking ahead, a report from Deloitte suggests that retailers with solid 'buy online and pick up in store' programs could resonate with consumers this holiday season. Target (TGT), Wal-Mart (WMT), Best Buy (BBY), and Staples (SPLS) come to mind.
- Previous: October U.S. Auto Sales preview
- Related ETFs: XRT, PMR, RTH, VDC.
Oct. 23, 2013, 2:38 PM
- The strong outlook from Lumber Liquidators and healthy Q3 earnings beat is helping to prop up shares of Home Depot (HD +0.3%) and Lowe's (LOW +2.1%) on a down market day.
- Of particular interest to the home improvement giants was the nice bounce in traffic and average ticket price at Lumber Liquidators despite the uncertain economic times.
Oct. 18, 2013, 9:42 AM| 7 Comments
Oct. 16, 2013, 10:33 AM| Comment!
Sep. 19, 2013, 10:46 AM
- Home Depot (HD +1.2%) and Lowe's (LOW +1.8%) are ahead of market averages with more solid numbers out on the housing market.
- Execs with the two retail giants have been pretty frank in the past that available credit and the willingness of consumers to spend are bigger factors for sales than raw housing numbers, but investors have bid up both stocks this week undeterred.
- On the Federal Reserve front, the FOCM decision to keep its bond-buying program locked in place could help lower mortgage and financing costs for home improvement projects.
Sep. 6, 2013, 7:28 AM
- Analysts don't think the challenges facing apparel retailers in the U.S. will go away anytime soon.
- Pent-up demand in the housing and auto sector has crowded out consumer spending on clothes to push the sector into a highly-promotional stance heading into the Back to School and holiday seasons.
- While retailers selling appliances (CONN, HD, LOW) are forecast to benefit from the trend, mall-based chains (KSS, BKE, ANF, WTSL, ZUMZ, GPS, URBN, GES, PSUN, ARO, EXPR, AEO, JCP, M, DDS) are on watch.
Sep. 4, 2013, 3:20 PM
- Nabors Industries (NBR +1.5%) plans to offer senior unsecured notes maturing in 2016 and 2023 as it raises funds to repurchase $1.3B of other debt.
- NBR says proceeds, along with cash on hand and borrowings from its revolving credit facility, will be used for its tender offer for any and all of the 9.25% senior notes.
- Companies are rushing to fit in as many bond sales as possible in the days ahead of Friday’s release of monthly payrolls data; Starbucks (SBUX), Home Depot (HD), Caterpillar (CAT) and Unilever (UL) have tapped the market for a combined $10B worth of new securities, plus another $5B in debt offerings from companies such as Lowe's (LOW) and NBR.
Aug. 30, 2013, 11:03 AM
- The Q2 results of Sears Hometown and Outlet Stores (SHOS -16.2%) weren't very impressive after Home Depot (HD -0.7%) and Lowe's (LOW -1.1%) showed considerable strength during an overlapping period. Though the mix of electronics at Sears Hometown dragged down results, some market share appears to have been lost as well in hardware and lawn/garden.
- The company says it will focus on higher-margin appliance items in the back half of the year, a strategy that's been paying for retailers such as Conn's and Best Buy.
Aug. 26, 2013, 10:46 AM
- A consumer paradigm shift toward "things that last" could disrupt the critical holiday shopping season, according to retail analysts.
- After a Q2 which saw Home Depot (HD), Lowe's (LOW), Best Buy (BBY), hhgregg (HGG), and Conn's (CONN) report solid sales for appliances, a fresh forecast from IBM sees much of the same for H2 with discretionary spending tightening for apparel and incidentals.
- Looking for the trend to end: AEO, ANF, ARO, BBBY, BBY, BJ, CHS, COH, COST, DG, DLTR, GPS, JCP, JWN, KSS, LTD, M, NDN, NKE, PIR, PLCE, RL, RSH, SKS, SPLS, TGT, TIF, TJX, URBN, WMT, WSM, BKE, PSUN, ZUMZ, EXPR
Aug. 23, 2013, 4:45 PM
Aug. 21, 2013, 1:40 PM
- Retail is in a state of "bifurcation" as on-trend luxury retailers (KORS, JWN, TIF) and home improvement specialists (HD, LOW) thrive, while heavyweight merchandise retailers (WMT, TGT, COST), mall-based apparel chains (AEO, ARO, LTD), and discounters (DG, DLTR, FDO) disappoint.
- As execs with Target noted during the firm's earnings call this morning, consumers seem more than happy to buy new automobiles and fix up their houses - but have tightened up on toothbrushes, socks, and soap.
- A few companies - through some good luck and solid execution - sit in a consumer demand sweet spot. Ross Stores (RST), TJX Companies (TJX), and Subaru (FUJHY.PK) come to mind.
- Related ETFs: XRT, RTH, PMR, RETL.
Aug. 21, 2013, 7:28 AM
- Lowe's (LOW) reports comparable-store sales rose 9.6% during a quarter that saw the same theme as Home Depot of strong home improvement demand and improved store execution.
- Gross margin increased 42 bps to 34.35%.
- For FY 13, the company expects to see comp sales increase 4.5%. (PR)
- LOW +3.5% premarket.
Aug. 21, 2013, 6:02 AM
Aug. 21, 2013, 12:05 AM
Aug. 20, 2013, 5:30 PM
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