44.35 0.00 (0.00%)
After hours: 4:00PM EDT
|Bid||44.24 x 900|
|Ask||44.54 x 900|
|Day's Range||44.10 - 45.00|
|52 Week Range||37.72 - 49.09|
|PE Ratio (TTM)||N/A|
|Expense Ratio (net)||0.35%|
Supervalu (SVU) is slated to report its 4Q18 results on April 24. It’s likely to post a 14% YoY (year-over-year) decline in earnings per share (or EPS). The company’s gross margin is likely to contract further, by ~280 basis points to 12.1% in 4Q18.
The US Census Bureau, which releases a monthly report on US retail sales, conducts an advance monthly survey of retail trade and food service companies to establish an early estimate of sales for the month. According to the April 16 report, advance estimates of US retail (XRT) and food services for March 2018 were $494.6 billion, an increase of 0.6% from the revised February reading of $491.8 billion.
With the US-China trade war tensions easing, last week was positive overall for the sectors in the S&P 500. The S&P 500 Index (SPY) was up ~2.0%. All the sectors in the S&P 500 rose with the exception of the utility sector, which saw a slight slide.
Everyone knows the retail landscape is changing quickly, and with Millennials and Gen Z poised to become 70% of the global population in the next decade, their preferences will be key drivers behind brands' ...
The SPDR S&P Retail ETF (NYSEArca: XRT) is still saddled with a year-to-date loss and the largest retail ETF has been trailing the broader market and rival ETFs focusing on online shopping for over year, ...
The Institute of Supply Management (or ISM) releases a monthly report on economic activity in the non-manufacturing sector or the services sector. This report has a similar format as the manufacturing sector report and is prepared by conducting a survey of purchasing and supply executives in these sectors. In March, the service sector continued to grow but at a slower pace.
REI’s new sustainability guidelines ‘are the first time I’ve seen a retailer create standards like this for all of their suppliers,’ says RILA executive.
Instinet's Frank Cappelleri is among the technical analysts that see brighter days ahead for retail. Cappelleri writes that while XRT has declined along with the wider equity market in the past few months, it's worth remembering that from November through January, it soared more than 25%, and, more recently, the ETF is "showing some positive signs we shouldn't ignore." True, XRT hasn't been able to break through its 50-day moving average since tumbling below in February, but it has formed a "fresh, six-week bullish technical pattern," an inverse head-and-shoulders formation, that could lead to a breakout.
Bullish chart patterns on key retail assets suggest that those who go against the grain could be rewarded over the weeks to come.
US-China trade war tensions continued to affect the consumer sector last week. The S&P 500 (SPY) fell 1.4%, with all of its sectors being affected by the technology sector slide as well. However, the retail sector gained last week.
Rite Aid (RAD), which will report its 4Q18 results on April 12, is projected to report a 34.8% YoY (year-over-year) decline in total sales to $5.6 billion. During the first nine months of the year, Rite Aid’s total sales fell 4.5% YoY to $23.2 billion. It missed consensus expectations in two of the three reported quarters.
Oppenheimer's Ari Wald writes that amid all the turmoil, the S&P 500 closed above its 200-day moving average on Friday (and is gaining more this morning). Wald writes that in all, the S&P 500's big decline since January has created a good entry point for long-term investors, but one sector that looks especially well set up is retail, as he spies a turnaround for the SPDR S&P Retail ETF (XRT). The fund broke out in November, and was supported by strong holiday sales nearly across the board, although it's spent the past two months working off overbought conditions.
Retailers have to adapt to survive, and in their quest to do so, some have been turning to private-label brands to boost sales—but that’s a tactic that could backfire, warns Barclays’ Matthew McClintock. At that point, retailers begin to scale back on private labels and grow national brands to drive traffic. The final step is for retailers to focus on a small number of private label brands with specific products.
Nine West Holdings Inc. said Friday that it has filed for chapter 11 bankruptcy protection, and will sell the namesake Nine West and Bandolino footwear and handbag businesses as part of the reorganization ...
Some retailers with physical stores have managed to make it work, despite changing consumer preferences and the ever-present threat of ecommerce and Amazon.com (AMZN). The most successful will innovate around online sales, argues Cowen & Co.'s Oliver Chen. He thinks we'll continue to see a shakeout in retail in the coming years, with winners and losers diverging further, and plenty of familiar names are in the former category. Chen believes that physical stores aren't going anywhere, even if there may be fewer of them.
March was a rocky month for retail (and plenty of other sectors), but Guggenheim's Robert Drbul is still upbeat about his favorite names. Drbul writes that the SPDR S&P Retail ETF (XRT) actually relatively outperformed last month, losing just 1.9%, compared to the S&P 5oo's 2.7% decline. The ETF slightly trailed the market for the first quarter overall, but plenty of standout retail subcategories did quite well, including stocks in his ecommerce coverage, as well as beleaguered department stores and athletic apparel stores.
Leveraged buyouts, or LBOs, may be out of style in the retail sector, but seasoned investors watching the changing industry could find opportunities if they’re willing to adjust their timeline for returns....
After surveying affluent Chinese shoppers, he writes, he's confident that 2018 will be another great year for luxury brands, even if there's a slight deceleration from the "phenomenal" year that was 2017. Consumer confidence is the highest it's been in 25 years, he says, and Chinese consumers, unlike their U.S. counterparts, are more willing to spend money.
The amount of retail space closing going dark is about to break a record this year. That's because companies with huge floor plans are sizing down. Hitha Herzog, chief research officer at H Squared talks with Yahoo Finance's Seana Smith.
A new note by UBS warns 80,000 more retail stores could close by 2025. Yahoo Finance's Seana Smith, Andy Serwer and Julia La Roche discuss.
Yahoo Finance's Jared Blikre joins Seana Smith live from the New York Stock Exchange to discus the latest market moves.
Steve Odland, Committee for Economic Development, discusses fears of a trade war rattling the market and how it could impact the retail industry.
Keith Bliss of Cuttone and Company joins Yahoo Finances Seana Smith from the floor of the New York Stock Exchange to discuss the latest market moves.