Aug. 25, 2014, 7:06 AM
Aug. 22, 2014, 12:48 PM
Aug. 21, 2014, 10:46 AM
- Yoga apparel sales grew 45% last year while participation in yoga the sport was only up 4.5%, according to industry tracking.
- The disparity indicates the impressive momentum built up by the athleisure category is beyond just a fad.
- Barclays forecasts that the broader retail athletic apparel market will grow by around 50% to exceed $100B by 2020.
- The trend is positive for early adopters Lululemon (NASDAQ:LULU), Under Armour (NYSE:UA), Gap (NYSE:GPS), Nike (NYSE:NKE) - while a host of other retailers (LB, DKS, TJX, TGT) and department store chains (KS, BONT, DDS, M, JCP) say they will try to carve out space in the athleisure market for themselves.
- On tap: Designers have their eyes on creating more men's lines and hybrid yoga-business outfits that will fly in the C-suite.
Aug. 20, 2014, 9:13 AM| Aug. 20, 2014, 9:13 AM | Comment!
Aug. 13, 2014, 8:38 AM
- A warning from typically-resilient Macy's (NYSE:M) on consumer spending could send a chill into the retail sector.
- CEO Terry Lundgren says that many of the department store's customers aren't feeling comfortable about spending more in an "uncertain" economic environment.
- That analysis from a sector bellwether indicates a crowding out effect could be in play as consumers spend freely on housing, automobiles, and travel.
- On watch: KSS, JWN, DDS, JCP, BONT, LB, TLYS, CACH.
- Consumer discretionary-focused ETFs: XLY, XRT, VCR, RTH, RETL, FXD, FDIS, PMR, RCD
Aug. 13, 2014, 8:21 AM
- Macy's (NYSE:M) reports comparable-store sales rose 4% in Q2. The tally includes sales for departments licensed to third parties.
- Gross margin rate -40 bps to 41.4%.
- Merchandise inventories -2.5% to $5.42B.
- Guidance: Full-year EPS range of $4.40-$4.50 maintained; comp sales gain of 1.5% to 2% forecast.
- M -4.2% premarket
Aug. 13, 2014, 8:04 AM
Aug. 12, 2014, 5:30 PM
Aug. 6, 2014, 5:35 PM
- AGO, AHT, AIRM, AL, ALIM, ALJ, ALNY, AMRN, AMRS, ANAC, ANET, ASYS, ATLS, AUQ, BCEI, BCOR, BIOL, BNFT, BNNY, BOFI, BPZ, CARA, CBS, CENT, CFN, CLNE, CLVS, CPST, CSC, CUBE, CVT, DAR, DIOD, DMD, DV, EAC, EBS, ECPG, ED, EGOV, ELX, ENOC, FF, FI, FRT, FWM, FXCM, GHDX, GST, GXP, HGR, HTGC, IRG, KTOS, LGF, MASI, MDVN, MED, MELI, MNST, NES, NFG, NOG, NVDA, NWSA, OLED, OPLK, PFMT, PODD, PRO, PSIX, QTWO, RATE, RBCN, RENT, RPTP, RRMS, SCTY, SEM, SFM, SHOR, SLXP, SPPI, SSTK, TEAR, TRNX, TRUE, TUMI, UBNT, UNXL, VOLC, VVUS, WIFI, XOMA, ZNGA,
Jul. 18, 2014, 5:53 PM
- A U.S. district judge declines to dismiss antitrust lawsuits filed against Visa (NYSE:V) and MasterCard (NYSE:MC) by retailers who opted out of a ~$5.7B class action settlement in 2012 over transaction fees.
- The same judge in December approved the card companies’ settlement with a nationwide class of merchants in a lawsuit alleging antitrust claims over the fees, but several merchants including Target (NYSE:TGT) and Macy’s (NYSE:M) pursued cases after dropping out of the settlement.
- V and MC argued the lawsuits should be barred by legal releases in an earlier settlement in 2003 and because the merchants don’t directly pay fees to banks that issue V and MC branded cards.
Jun. 16, 2014, 3:32 PM
- A judge in New York rules J.C. Penney (JCP +0.1%) interfered with the terms of an exclusive deal between Macy's (M -0.5%) and Martha Stewart Living Omnimedia (MSO +8.7%) with its own deal with Martha Stewart.
- In a minor victory for J.C. Penney, Justice Jeffrey Oing didn't award punitive damages to Macy's due to a lack of "unequivocal" evidence the retailer was entitled to an award.
Jun. 12, 2014, 8:52 AM
- Department stores (DDS, M, SSI, BONT, SHLD, JCP, KSS, JWN) showed sluggish growth in May. Sales in the sub-category fell 1.4% M/M and 2.0% Y/Y.
- As expected, building material & garden sales (HD, LOW) showed some late-spring strength. Sales rose 1.1% M.M and 4.6% Y/Y.
- The catch-all miscellaneous store retailers category (ODP, PETM) packed the biggest month-over-month pop of all at 1.8%.
- Full Retail Sales report (.pdf)
May 14, 2014, 10:21 AM
- Shares of Sears Holdings (SHLD +0.4%) have retreated quite a bit from an early rush after the company disclosed it's looking at options to sell Sears Canada.
- Though there are a few retail chains such as Primark or Uniqlo which might consider the acquisition for a quick entry into Canada, plenty of retail analysts think the stumbles by Sears and Target (TGT -0.2%) in the region will scare off many retail chains from the gambit. Macy's (M -0.1%) and Kohl's (KSS -2%) come to mind.
- A P-E buyout is being viewed as a likely scenario, while there is a chance Hudson's Bay could play a little defense on its home turf.
May 14, 2014, 8:15 AM
- Macy's (M) reports comparable-store sales fell off 1.6% in Q1.
- The department store operator managed a 10 bp increase in its gross margin rate to 38.9%. The retail sector was ripe with GMR drops of over a percentage point during the quarter.
- Guidance from the company is maintained in another indication that management navigated the tricky U.S. retail winter season in good form.
- The company raises its share repurchase allowance by $1.5B. Macy's now has about $2.5B in its buyback arsenal.
- M +0.6% premarket
May 14, 2014, 8:14 AM
May 13, 2014, 5:30 PM
M vs. ETF Alternatives
Other News & PR