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SPDR S&P Retail ETF (XRT)

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  • Jul. 5, 2012, 10:26 AM
    The retail sector (XRT +0.5%) ratchets higher after the dust settles from a flood of June sales reports. Investor favorites of the day include Limited (LTD +5.5%) and TJX Companies (TJX +3.5%), with both companies raising their profit outlooks (I, II). Kohl's (KSS +5.3%) is showing surprising strength off its sales miss, but a comment from the department store operator tipping off that sales trends improved over the course over the month is holding sway
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  • Jun. 28, 2012, 11:09 AM
    The National Retail Federation and the National Council of Chain Restaurants both weigh in with public comments on the Supreme Court decision on healthcare law. The gist of the argument by the trade groups is that the law will penalize companies in the retail sector in particular, as they operate on razor-thin margins in many cases and can be very employee-intensive.
    | 2 Comments
  • May 29, 2012, 2:32 PM
    JPMorgan's Brian Tunick says May chain-store retail sales will come in strong as the sector marks its 10th straight quarter of growth of over 5% since the depths of 2009's slowdown. It's a different story with luxury names - still roiling from a number of high profile warnings (I, II, III) and conflicting opinions on the future of China's high-end spending
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  • Apr. 27, 2012, 8:00 AM
    The Retail Spider (XRT) leads all ETFs (on a percentage basis), garnering $61.3M or 11% more AUM this week. Other big gainers are Health Care (XLV) and Consumer Discretionary (XLY). Leading those losing funds is the triple-levered small cap bull fund (TNA).
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  • Apr. 23, 2012, 7:57 AM
    Among the major ETFs seeing redemptions last week were the Industrial SPDR (XLI), losing 9% of its AUM, the Retail Spider (XRT) losing 6%, and the Vanguard Telecommunication Services (VOX), losing 12%. Among the top ETF creations were Semiconductors (SMH), gaining 31% in AUM, and the Euro (FXE), +21%.
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  • Apr. 16, 2012, 12:42 PM
    Retail sales are up 6.5% Y/Y and at an annualized rate of 10.4% in Q1, writes Brian Wesbury, taking a closer look at this morning's report. Excluding autos, gas, and building materials, annualized sales are up 8.1% in Q1, showing the gains are broad-based. It can't all just be about the weather?
    | 7 Comments
  • Apr. 6, 2012, 1:10 PM
    For Nomura, the most troubling part of today's NFP report is the 34K decline seen in retail jobs, which follows February's 29K decline. The firm doesn't think the losses, which contrast sharply with March's healthy same-store sales data, can be explained by weather, and thinks they make April 16's retail sales report especially important. Could high gas prices be responsible?
    | 27 Comments
  • Mar. 1, 2012, 11:02 AM
    February retail sales beat expectations across the board, with the 18 retailers (XRT +1%) reporting results posting 6.4% Y/Y growth, vs. 4.8% consensus. Gap (GPS +7.8%) shook off its long slide to post 4% growth in same-store sales. Kroger (KR +2.2%) beat estimates and offered a strong 2012 outlook. Target (TGT -0.4%) same-store sales grew 7%, but it didn't raise guidance.
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  • Jan. 10, 2012, 8:02 AM
    ICSC Retail Store Sales: -5.4% W/W, vs. +1.2% last week. It's the largest weekly decline in data going back to 1989. +2.8% Y/Y, vs. +5.3% last week. Warm weather, and its negative effect on seasonal goods, is apparently behind the fall; weak consumer sentiment isn't mentioned.
    | 6 Comments
  • Jan. 5, 2012, 10:20 AM
    Retailers (XRT -1.5%) are the weakest sector in early trading after many companies cut guidance following disappointing holiday sales figures, as the highly promotional environment weighs on margins. JCP -6.5%, TGT -3.7% and PLCE -10% are among stores cutting their Q4 outlooks (I, II, III). Also lower: COST -1.8%, GPS -5.7%. But ROST +2.7% after raising guidance.
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  • Jan. 3, 2012, 10:33 AM
    VF Corp. (VFC +3.1%) jumps after Citigroup upgrades the stock to Buy from Neutral, hikes the price target to $157 from $137 and adds it to the firm's "top picks live" list. Citi cites "strong brands" and "secular growth opportunities" within the company's outdoor segment, plus wider margins as cotton prices come down next year. XRT +1.3%.
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  • Dec. 28, 2011, 8:04 AM
    The "dirty little secret" about big Black Friday sales is more sales mean more returns, writes Kristen Bentz, remaining bearish on the holiday season. Feverishly spending amidst the hype and promotions, consumers go home, look at their receipts, and remorse sets in. "Black Friday does not a season make ... one need(s) to look at November and December together."
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  • Dec. 27, 2011, 4:30 AM
    Online shopping jumped 16.4% on Christmas from the year before, according to data released by IBM, while the dollar value of purchases made on mobile devices jumped 172.9%. In fact, nearly 7% of all online purchases on Christmas Day were made using iPads. The uptick was poised to continue yesterday, though final data isn't yet available.
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  • Dec. 23, 2011, 1:32 PM
    Though retailers have had to offer major discounts to drive sales, the stars appear to be aligning for a decent close to the holiday season. The weather has mostly been moderate, and is expected to remain so over the next week, and Christmas Eve lands on a Saturday. Moreover, one survey found 30% of consumer had holiday shopping to do this weekend, up from 26% last year. (previously)
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  • Dec. 23, 2011, 1:06 PM
    Miscalculating their pricing power, apparel retailers see their inventory-to-sales ratio move to a 2-year high, bucking a falling trend amongst the rest of the industry. In the meantime, costs continue their rapid rise, suggesting the margin pinch will continue.
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  • Dec. 23, 2011, 7:44 AM
    Optimistic plans by retailers entering the holiday season are not panning out, says consultant David Bassuk, resulting in pre-Christmas markdowns that are more widespread than typical. Nomura analyst Paul Jejuez, after a weekend surveying malls, is concerned - "You have to be at 40% off to drive traffic."
    | 5 Comments
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XRT Description
The SPDR® S&P® Retail ETF seeks to replicate as closely as possible, before expenses, the total return performance of the S&P Retail Select Industry® Index. Our approach is designed to provide portfolios with low portfolio turnover, accurate tracking, and lower costs.
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Sector: Services
Country: United States
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