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SPDR S&P Retail ETF (XRT)

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  • Apr. 4, 2014, 1:46 PM
    | 1 Comment
  • Mar. 13, 2014, 11:44 AM
    • Moody's notes retail sales in February were strongest in less discretionary categories like food while the underlying shift to online shopping by consumers continues.
    • The research firm expects that it's unlikely that all the lost sales in February due to weather will be recovered and thinks Q1 results will trail current forecasts.
    • Retail sales were only up 1.3% in February from a year ago. That sluggish mark of forward progress has many retail analysts siding with Moody's that there is more than just a bad stretch of weather going on in the U.S.
    • Related ETFs: XLY, XRT, VCR, RTH, RETL, FXD, FDIS, PMR, RCD, PEZ, PSCD
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  • Mar. 6, 2014, 8:37 AM
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  • Feb. 13, 2014, 3:29 PM
    • The National Retail Federation's delivers a mixed read on the January Retail Sales. The group notes that although severe winter weather was a major factor in the flat seasonally-adjusted growth rate, the high level of jobless claims and slow consumer spending trends suggest larger macroeconomic issues are also in play.
    • "No one can jump to any solid conclusion until we shovel out of the snow," concludes the NRF.
    • Related ETFs: XLY, XRT, VCR, RTH, RETL, FXD, FDIS, PMR, RCD, PEZ, PSCD
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  • Feb. 11, 2014, 9:35 AM
    • 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
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  • Feb. 6, 2014, 3:33 PM
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  • Feb. 6, 2014, 10:16 AM
    • Retail analytics firm Applied Predictive Technologies notes its data indicates that retail sales fell 9.6% during the most intense period of the Polar Vortex (January 5-7) as consumers stayed home. It also pointed to soft traffic days in December related to winter storms and frigid temperatures.
    • Chicago and Detroit were the two major cities where sales were hit the hardest by the Polar Vortex. Walgreens (WAG) has a sizable presence in both regions.
    • The read falls in line with what automakers and big-box retailers have been reporting, but also makes the few out-performers during the period stand out even more. Costco (COST), L Brands (LB), Under Armour (UA), and Chipotle (CMG) come to mind.
    • Related ETFs: XLY, XRT, VCR, RTH, RETL, FXD, FDIS, PMR, RCD, PEZ, PSCD
    | 1 Comment
  • Jan. 24, 2014, 8:11 AM
    • If you're looking for a bear on the retail industry, look no further than Starbucks (SBUX) CEO Howard Schultz.
    • During his company's earnings conference call, Schultz didn't blame the weather, strapped consumers, or heavy promotions for comparable-store sales falling below expectations as he warned on a larger trend: A lack of boots in the streets.
    • "Holiday 2013 was the first in which many traditional brick-and-mortar retailers experienced in-store foot traffic give way to online shopping in a major way," said Schultz.
    • He says the "pronounced" shift in consumer behavior is accelerating and isn't likely to reverse, but Starbucks is one of the few B&M chains well-positioned to evolve while the ground crumbles around the retail landscape.
    • Starbucks earnings call transcript
    • Related ETFs:  XLY, XRT, VCR, RTH, RETL, FXD, FDIS, PMR, RCD, PEZ, PSCD
    | 10 Comments
  • Jan. 24, 2014, 4:38 AM
    • The FBI has discovered about 20 cyberattacks against retailers in the past year similar to the one against Target and has warned companies to prepare for more attempts to breach their systems.
    • The attack on Target used "memory-parsing" malware that infects point-of-sale (POS) systems such as cash registers and credit-card swiping machines to steal information from tens of millions of cards.
    • "The accessibility of the malware on underground forums, the affordability of the software and the huge potential profits to be made from retail POS systems in the United States make this type of financially motivated cyber crime attractive to a wide range of actors," the FBI said.
    • "Everybody we work with in the retail space is scared to death," says a cyber-security consultant. "They don't have a lot of defenses to prepare against these types of attacks."
    • ETFs: XLY, XRT, VCR, RTH, RETL, PEJ, IYK, FXD, PMR, FDIS, UGE, RCD, PEZ, SZK, PSCD
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  • Jan. 19, 2014, 1:48 AM
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  • Jan. 17, 2014, 3:06 PM
    • The hacker behind the massive data breach at Target (TGT -1%) is a 17-year old Russian, according to intelligence firm IntelCrawler.
    • Though Target and Neiman Marcus have been front and center with their disclosures, the malicious malware involved in the attack is now out in the wild and could be used against any retailer which has a point-of-sale vulnerability.
    • The scope of the security breach, along with the sudden interest by Congress in the issue, has increased the likelihood that the entire retail sector may be forced to upgrade their systems at a steep cost.
    • Related ETFs: XLY, XRT, VCR, RTH, RETL, FXD, PMR, FDIS, RCD, PEZ, PSCD
    | 5 Comments
  • Jan. 16, 2014, 1:12 PM
    • Retail ETFs continue to under-perform market indexes for the year as the hits keep coming in the sector. Today's dismantling of Best Buy follows up a relentless string of guidance cuts from apparel sellers and department store chains.
    • Though many companies are taking advantage of their vibrant e-commerce channels, in most cases it's not enough to make up for soft store traffic.
    • Weakness at malls in particular is a risk for the group. In that vein, five of the top ten holdings (FRAN, ANF, M, FINL, CAB) of the S&P Retail ETF (XRT) are companies that frequently set up shop at or near malls.
    • Related ETFs: XLY, VCR, IPD, RTH, RETL, FXD, RXI, PMR, FDIS, RCD, PEZ, PSCD, AXDI
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  • Jan. 15, 2014, 3:56 PM
    • ShopperTrak reports retail sales increased 3.5% Y/Y for the week ending January 11, 2014 as gift card redemptions and some late holiday season bargain-hunting stoked demand.
    • The month-to-date gain in retail sales is 5.2%, which includes a period with weather significantly worse than what was seen a year ago for a wide portion of the U.S.
    • Full ShopperTrak report (.pdf)
    • Related ETFs: XRT, RTH, RETL, PMR
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  • Jan. 14, 2014, 10:34 AM
    • The National Retail Federation reports holiday sales rose 3.8% Y/Y to $601.B to fall just short of the forecast for a 3.9% gain.
    • If the 3.8% rise doesn't jibe with the rash of sales warnings piling up in the retail sector, it's due in part to the reliance of the industry on promotions and e-commerce channels this year to pick up the slack from soft store traffic. For the most part, margins suffered mightily this holiday season.
    • Related ETFs: XLY, XRT, VCR, RTH, RETL, IYK, IYC, FXD, SCC, UCC, PMR, FDIS, UGE, RCD, PEZ, SZK, PSCD
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  • Jan. 13, 2014, 3:13 PM
    • Retail ETFs are getting harder hit than the market as a whole as a slew of profit and sales warnings pile up with the XCR XChange Conference in full swing.
    • While data reads showing weak store traffic and heavy promotions in the sector during the holiday shopping season have been out for a few weeks, there have also been a few surprises on the low-end with discounters and with high-end apparel sellers which has chipped away at trust in Q1 retail sales.
    • What to watch: A report of December retail sales is due out tomorrow. To take a pulse on the sector, back out automobiles, housing-related purchases, and furniture to see what kind of growth rate survives. The number could come in flat.
    • Related ETFs: XLY, XRT, VCR, RTH, RETL, FXD, PMR, FDIS, RCD, PEZ, PSCD
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  • Jan. 12, 2014, 2:10 AM
    • Major retailers other than Target (TGT) were the victims of cyber-attacks on customer credit card data during the holiday season, with Reuters reporting that hackers breached at least three well-known chains using methods similar to those used on Target.
    • However, as is often the way in the sector, the companies involved have yet to disclose the assaults.
    • The attacks are in addition to one on Neiman Marcus. The luxury retailer said on Friday that it is looking into the theft of data from customer payment cards, although the luxury department store doesn't know how many people have been affected.
    • Gartner analyst Avivah Litan says she learned about a separate series of beaches going back to a few months before Thanksgiving. These could have been used as trial runs for the big assault on Target, which said on Friday that the data of up to 70M people may have been stolen, not the 40M that was previously disclosed.
    • ETFs: XLY, XRT, VCR, RTH, RETL, PEJ, IYK, FXD, PMR, FDIS, UGE, RCD, PEZ, SZK, PSCD
    | 19 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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