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SPDR S&P Retail ETF (XRT)

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  • Dec. 17, 2013, 2:38 PM
    • ShopperTrak reports retail sales fell 0.8% Y/Y last week on traffic that was almost 20% thinner as the shoppers that did venture out were all business.
    • The retail-watching group says the wintry weather mix was a big factor and predicts a decent snap back in traffic this week.
    • The opposite effect could be in play with Amazon (AMZN) and eBay (EBAY -0.9%). The e-commerce tracking data for the two companies continues to dazzle as the typical post-Cyber Monday lull has been avoided. If there is a minor dip, analysts think it could be this week with decelerating Y/Y sales growth from the pair's dizzying pace.
    • Related ETFs: XLP, XLY, VDC, XRT, VCR, ECON, IPD, KXI, BJK, RTH, PBJ, RETL, PEJ, IYK, IPS, FXG, IYC, SCC, FXD, RXI, RHS, UCC, PMR, UGE, EMCG, RCD, PSL, FDIS, FSTA, PSCC, SZK, PEZ, PSCD, EMDI, AXSL, AXDI
    | Comment!
  • Dec. 12, 2013, 7:58 AM
    • The outlook for the retail industry hasn't brightened over the last 24 hours.
    • ShopperTrak's tally of post-Cyber Monday traffic came in shockingly low while Vera Bradley and Lululemon have both reported weaker-than-expected guidance for Q4 despite having strong brands.
    • Some analysts think the crowding-out impact of higher spending on automobiles and housing is a larger factor than expected for the soft store traffic and sales. Others warn of a consumer paradigm shift where promotion and deal hunting via mobile is starting to take over. The latter will be hard to reel back.
    • Related ETFs: XLP, XLY, VDC, XRT, VCR, RTH, PBJ, RETL, PEJ, IYK, FXG, IYC, SCC, FXD, RHS, UCC, PMR, UGE, RCD, PSL, PSCC, SZK, FDIS, FSTA, PSCD, PEZ.
    | Comment!
  • Dec. 11, 2013, 1:37 PM
    • Brick-and-mortar retail sales fell 2.9% Y/Y for the week following Black Friday, according to ShopperTrak.
    • The mark is less than impressive with the compact holiday shopping season supposed to make the comparable to last year a bit easier. Even worse, the consumer research firm reports a 21.6% drop in retail shopper traffic for the week of December 2 to December 8.
    • Though post-Cyber Monday letdown, wintry weather, and an early Hanukkah played a factor in the poor retail sales week - forward momentum appears lacking with only two weeks left before Christmas.
    • Related ETFs: XLP, XLY, VDC, XRT, VCR, RTH, PBJ, RETL, PEJ, IYK, FXG, IYC, SCC, FXD, RHS, UCC, PMR, UGE, RCD, PSL, PSCC, SZK, FDIS, FSTA, PSCD, PEZ.
    | 4 Comments
  • Dec. 11, 2013, 9:25 AM
    • The National Retail Federation issues a statement in which it says it approves of the early (relatively) short-term budget agreement in Congress. The organization says it urges a quick passage of the legislation.
    • The retail industry faces a significant risk if a budget stalemate were to occur. A swipe of President Obama's pen on the spending bill could offer some late holiday season support to consumer sentiment.
    • Related ETFs: XLY, XRT, VCR, RTH, RETL, IYK, IYC, SCC, FXD, UCC, PMR, UGE, RCD, FDIS, SZK, PEZ, PSCD
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  • Dec. 10, 2013, 8:19 AM
    • The shopping lull right after the Black Friday/Cyber Monday period could be even more pronounced this year than usual, according to channel checks.
    • Consumers mired in deal fatigue and a blast of wintry weather across a good portion of the U.S. has kept store traffic below expectations.
    • It's not good news for a retail sector stuck with inventory it needs to move in the midst of a highly-promotional atmosphere.
    • The narrowed window for holiday shopping due to the apparent consumer respite could boost e-commerce activity. Watch the usual suspects: AMZN, EBAY, FDX, UPS.
    • Related ETFs: XLP, XLY, VDC, XRT, VCR, RTH, PBJ, RETL, PEJ, IYK, FXG, IYC, SCC, FXD, RHS, UCC, PMR, UGE, RCD, PSL, PSCC, SZK, FDIS, FSTA, PSCD, PEZ
    | 1 Comment
  • Dec. 3, 2013, 3:43 AM
    | 3 Comments
  • Dec. 2, 2013, 2:24 AM
    • The amount of money that consumers spent over the Thanksgiving weekend is estimated to have slipped 2.7% to $57.4B, the National Retail Federation says.
    • The drop is in contrast to estimates that Thanksgiving and Black Friday sales at brick-and-mortar stores rose 2.3%.
    • The average consumer spent $407.02 over the whole weekend, down 3.9% from last year.
    • The number of shoppers increased to 141M people from 139M.
    • The fall in spending came after retailers warned of a difficult holiday season and was due to the aggressive bargains on offer, a trend that is expected to continue.
    • However, the NRF maintained its forecast that retail sales will grow 3.9% for the whole holiday whole season.
    • Online sales climbed 17.3% on Thanksgiving and Black Friday, ComScore estimates, noting that the latter day attracted a record $1.2B in spending. The research firm expects Internet sales to rise 16% for the whole of the holiday season.
    • The most visited sites on Black Friday were those of Amazon (AMZN), eBay (EBAY) Walmart (WMT), Best Buy (BBY) and Target (TGT).
    • Total e-commerce sales hit $20.6B in the first 29 days of this holiday season, up 3.1% from last year, although this year includes more days.
    • Today is Cyber Monday, which the NRF reckons will attract 131M shoppers vs 129M last year. But as with Black Friday, Cyber Monday has started a day early, with J.C. Penney (JCP) and Macy's (M) among those who began related promotions yesterday. Target has gone further and created "Cyber Week."
    • More on Thanksgiving sales.
    • Tickers: FDO, DG, DLTR, FIVE, TGT, SHLD, BIG, GME, COH, GPS, LULU
    • ETFs: XLP, XLY, VDC, XRT, VCR, RTH, PBJ, RETL, PEJ, IYK, FXG, IYC, SCC, FXD, RHS, UCC, PMR, UGE, RCD, PSL, PSCC, SZK, FDIS, FSTA, PSCD, PEZ
    | 3 Comments
  • Dec. 1, 2013, 1:38 AM
    • Thanksgiving and Black Friday sales at brick-and-mortar stores rose 2.3% on year to $12.3B, ShopperTrak estimates.
    • The research firm reiterates its forecast that sales for the whole of the holiday season will increase 2.4%, the weakest growth since 2009.
    • Foot traffic for both days grew 2.8% to over 1.07B store visits.
    • Online sales +20% on Thanksgiving and +19% on Black Friday, says IBM.
    • Mobile traffic accounted for almost 40% of all online visits on Friday. Mobile sales rose to 26% of total online sales on Thursday and were around 22% on Friday.
    • Increased store openings on Thanksgiving seem to have eaten into sales on Black Friday, while online transactions again took business away from physical purchases.
    • Anecdotal evidence suggests that consumers came with plans of what they wanted to buy, with the result that there was much less impulse shopping. (PR)
    • More on Thanksgiving Black Friday sales.
    • Tickers: AMZN, EBAY, FDO, DG, DLTR, FIVE, TGT, BBY, WMT, SHLD, BIG, GME, COH, GPS, LULU, JCP, M.
    • ETFs: XLP, XLY, VDC, XRT, VCR, RTH, PBJ, RETL, PEJ, IYK, FXG, IYC, SCC, FXD, RHS, UCC, PMR, UGE, RCD, PSL, PSCC, SZK, FDIS, FSTA, PSCD, PEZ
    | 17 Comments
  • Nov. 29, 2013, 3:31 AM
    • As has become an American tradition as ensconced as the Thanksgiving turkey, shoppers formed long queues in front of retail stores yesterday, with some even camping out, ahead of the doors opening for the Black Friday sales, which once again began on a Thursday.
    • J.C. Penney (JCP) and Macy's (M) opened on Thanksgiving for the first time, while Kmart (SHLD), Old Navy (GPS) and Lord & Taylor opened in the morning.
    • The National Retail Federation has forecast that up to 140M consumers will go shopping over the long weekend, up a bit from 139.4M last year. IBISWorld has projected that total sales through Cyber Monday will rise 2.2% to $40.5B.
    • Mobile traffic increased over 31% yesterday as smartphones accounted for more than 23% of all Internet traffic. By 6 pm, online sales were up 10% over last year.
    • To keep the crowds calm, Wal-Mart (WMT) handed out wristbands, Best Buy (BBY) used a ticketing system, and Target (TGT) had security staff ride segways in the parking lots to increase their visibility.
    • ETFs: XLP, XLY, VDC, XRT, VCR, RTH, PBJ, RETL, PEJ, IYK, FXG, IYC, SCC, FXD, RHS, UCC, PMR, UGE, RCD, PSL, PSCC, SZK, FDIS, FSTA, PSCD, PEZ
    | Comment!
  • Nov. 26, 2013, 10:19 AM
    • There's plenty of economic data to mull over, but Treasurys are taking their cue from an unexpected decline in Consumer Confidence in November - this despite (or because of) the government returning to work and a stock market that won't quit. Those with good memories will remember the big drop in October was attributed to the government shutdown and chatter about default.
    • The Expectations Index also declined - to 69.3 from 72.2.
    • "With such uncertainty prevailing, this could be a challenging holiday season for retailers," says The Conference Board's Lynn Franco.
    • TLT +0.4%, TBT -0.8%, and the 10-year Treasury yield is off 3 bps to 2.70%.
    • Treasury ETFs: TBT, TLT, TMV, TBF, EDV, TTT, TMF, TLH, ZROZ, SBND, DLBS, VGLT, UBT, TLO, FSA, LBND, TENZ, TYBS, DLBL
    • Retailing ETFs: XLY, XRT, VCR, RTH, RETL, PEJ, IYK, IYC, SCC, FXD, UCC, PMR, UGE, RCD, SZK, FDIS, PSCD, PEZ
    | 6 Comments
  • Nov. 26, 2013, 4:57 AM
    • Consumers who think they'll be getting huge discounts on Black Friday might want to think again. In the words of the WSJ's Suzanne Kapner, "those bargains will be a carefully engineered illusion."
    • Retailers and suppliers first work out the lowest price they can sell a product at and still make the profit they want, and then they jack up the "suggested retail price" so that the retailer can later offer a big discount.
    • Another tactic is for stores to raise selling prices just before the holiday season discount period kicks in.
    • Retailers: WMT, JCP, M, SHLD, JOSB, MW, KSS, BBY, TGT, HD
    • ETFs: XLY, XRT, VCR, RTH, RETL, PEJ, IYK, FXD, PMR, UGE, RCD, SZK, PSCD, FDIS, PEZ
    | 10 Comments
  • Nov. 25, 2013, 12:49 PM
    • Strong winds threaten to disrupt the Macy's Day Parade in NYC on Thanksgiving, but investors are backing the retailer to have the breeze at its back for the holiday season.
    • Despite outrunning the S&P Retail ETF (XRT) over the last few weeks following a vibrant Q3 earnings report, new highs could be seen. Of note, retail channel checks on Macy's continue to flash green.
    • What to watch: Management invested enough in omnichannel and fulfillment initiatives that it has a nimble finger when it comes to inventory and promotions issues as they crop up.
    | Comment!
  • Nov. 23, 2013, 2:27 PM
    • "The U.S. economy might be limping along, but many consumers have broken into a sprint," Jacqueline Doherty writes, in what seems like a rather paradoxical passage considering that consumer spending accounts for around two-thirds of U.S. economic output.
    • Doherty cites an October retail sales print that came in ahead of consensus, NRF's expectations for a healthy Y/Y increase in holiday sales, and a hefty, market-beating return for the S&P Retail Select Industry index as evidence of "improvements in the consumer's fortunes."
    • Still, Barron's thinks some stocks, like Michael Kors (KORS) and Restoration Hardware (RH), may have limited upside after big runs.
    • Among retail stocks listed as "bargains": Bed Bath & Beyond (BBBY), Home Depot (HD), and Macy's (M).
    • Retail ETFs - XLY, VCR, FXD, IYC, PEZ, RCD, PSCD, UCC, SCC, RTH, PMR, XRT, RETL
    | 3 Comments
  • Nov. 22, 2013, 6:59 AM
    • Brutal competition between major retailers on pricing could bring holiday sales to a lower level than economists anticipated.
    • Though many forecasts still show holiday sales improving at a 2.5%-4% clip, the latest round of warnings from Best Buy (BBY), Wal-Mart (WMT), and Target (TGT) are hard to ignore.
    • Also in play is a "crowding-out" effect as increased consumer spending on automobiles and housing saps the meager 1.5% wage increase the working class saw this year.
    • Related ETFs: XRT, PMR, RTH, VDC.
    | 2 Comments
  • Nov. 21, 2013, 8:32 AM
    • The stories are different, but the results are the same for the group of retailers reporting results today.
    • Though some Q3 profit estimates are being met on the margin, the outlook for Q4 and beyond has been troubling and could bring down sentiment for the entire sector.
    • Premarket: SHLD -4.4%, TGT -3.9%, DLTR -5.6%, ANF -3.3%.
    • Related ETFs: XRT, PMR, RTH, VDC.
    | 1 Comment
  • Nov. 19, 2013, 11:52 AM
    • TJX Companies (TJX +1%) lowered its guidance for Q4 to $7.6B-$7.7B, from a previous view of $7.96B. The company sees Q4 comparable store sales growth of 1% to 2% and sets its Q4 EPS estimate just below Street estimates.
    • Earlier, the retailer beat earnings estimates with its Q3 report on brisk comparable store sales of 5%.
    • What to watch: TJX has been one of the most resilient retail companies in the sector, so its conservative view of the holiday season could create another ripple of worry.
    • Related ETFs: XRT, PMR, RTH, VDC
    | 1 Comment
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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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