|Bid||0.00 x 1800|
|Ask||46.90 x 2900|
|Day's Range||45.72 - 46.13|
|52 Week Range||37.46 - 46.93|
|PE Ratio (TTM)||N/A|
|YTD Daily Total Return||-0.30%|
|Beta (5Y Monthly)||1.15|
|Expense Ratio (net)||0.35%|
Target is tumbling after a disappointing holiday season. The retailer's same-store sales rising only 1.4% between November and December compared to a growth rate of 5.7% a year ago. Retail Expert Erin Sykes breaks down what this means for Target moving forward. Yahoo Finance's Zack Guzman & Sibile Marcellus join in on the conversation.
Former LVMH North America Chair Pauline Brown discusses her expectations for luxury retail and how China may impact future trends. She is joined by Yahoo Finance's Zack Guzman & Heidi Chung on YFI PM.
As more consumers turn to online shopping, cyber fraud is on the rise. Veridium CEO James Stickland joins Yahoo Finance's Zack Guzman and Brian Cheung, along with Webull CEO Anthony Denier, to discuss how his company is using tech to make online shopping safer.
The retailer’s stock tumbled after reporting same-stores sales gained only 1.4% during the holiday shopping season, slowing from a growth rate of 5.7% the year prior.
Shares of Stage Stores Inc. slumped 8.6% in afternoon trading Wednesday to pace the NYSE's losers, as the selloff continues following the department store chain's warning earlier this week of wider-than-expected losses. The stock has now shed more than two-thirds of its value (down 69%) amid a 6-day losing streak. That selloff was highlighted by a record 57% plunge on Monday, after the company said it expected full-year losses to be $25 million to $30 million below the low end of previous guidance in the wake of disappointing holiday sales. The stock has till gained 32% over the past three months, as Wall Street has looked favorably at the company's decision to convert its stores to off-price. In comparison, the SPDR S&P Retail ETF has gained 6.7% and the S&P 500 is up 9.9%.
One notable trends to highlight is the persisting movement of shoppers from brick-and-mortar establishments to online retail sales. “In our view, discretionary spending is largely done online which means investors should focus on online retailers to understand the propensity for fluctuations in spending,” the BofA economists noted. SPDR S&P Retail ETF (XRT) : seeks to provide investment results that correspond generally to the total return performance of an index derived from the retail segment of a U.S. total market composite index.
Lululemon shares hit record highs after raising its earnings and revenue guidance for the fourth quarter, in a sign that higher-end retailers will continue to thrive.
Following some recent, disappointing commentary about the holiday shopping season from some brick-and-mortar retailer coupled with buoyant Cyber Monday and other e-commerce data, investors are reminded ...
Shares of Stage Stores Inc. plummeted 55% on heavy volume Monday, putting them on track for a record one-day selloff, after the department store chain warned of wider-than-expected losses in the wake of disappointing holiday sales. Trading volume was over 7.8 million shares, compared with the full-day average of about 1.4 million shares. The company said earlier that it now expects full-year 2019 losses to be $25 million to $30 million below the low end of previous guidance; in November, the company said it expected full-year losses of $65 million to $60 million. Stage Store also now expects full-year same-store sales to rise 4.0% to 4.5% versus previous expectations of 7% to 9% growth. The company said same-store sales for the nine weeks ended Jan. 4 rose 1.4% from the same period a year ago, which were below expectations, due primarily to lower pre-conversion department store sales and warmer weather. The company said because of the weak holiday sales, it implemented "incremental promotional efforts" to keep inventory at appropriate levels. The company had announced in September 2019 that it planned to convert "substantially all of its stores to off-price," with plans to convert remaining department stores to off-price in February 2020. Despite the selloff, the stock has still gained 38.4% over the past three months, while the S&P 500 has advanced 10.3%.
Shares of Five Below Inc. plummeted 18% toward a one-year low in premarket trading Monday, after the discount retailer warned of a fourth-quarter profit and sales shortfall, citing disappointing holiday-period sales. The company said it now expects fourth-quarter earnings per share of $1.93 to $1.96, compared with the FactSet consensus of $2.02. The company expects net sales of $685 million to $688 million, below the FactSet consensus of $729 million, and same-store sales of down 2.0% to down 2.5%, compared with expectations of a 2.8% rise. Same-store sales for the holiday period, between Nov. 3 through Jan. 4, fell 2.6%. "While our comparable sales during key holiday selling periods were positive, they were not strong enough to overcome the headwind of six fewer shopping days between Thanksgiving and Christmas, and overall sales did not meet our expectations," said Chief Executive Joel Anderson. The stock has lost 6.9% over the past three months through Friday, while the SPDR S&P Retail ETF has gained 6.2% and the S&P 500 has advanced 9.9%.
Shares of At Home Group Inc. soared 10% toward a 7-month high in premarket trading Monday, after the home decor retailer raised its fiscal fourth-quarter earnings outlook and gave an upbeat outlook on sales. The company now expects adjusted earnings per share of 33 cents to 36 cents, compared with the previous guidance range of 31 cent to 36 cents; the FactSet consensus is 33 cents. At Home said it now expects sales at the high end of its previously provided guidance range of $385.0 million to $393.0 million, and same-store sales to be at the high end of its guidance of a decline of 6.0% to 4.0%. The FactSet consensus is for sales of $388.5 million and same-store sales to decline 5.3%. The stock had tumbled 50.2% over the past three months through Friday, while the SPDR S&P Retail ETF had gained 6.2% and the S&P 500 rose 9.9%.
There’s now more money in an exchange-traded fund that tracks online retailers than one made up of mostly bricks-and-mortar companies.
The phase one trade deal between the US and China is expected to be signed on Jan. 15, but tariffs on Chinese-made products could continue hitting consumers’ pocketbooks.
Shares of Pier 1 Imports took an afternoon dive Monday, plummeting as much as 30% intraday before paring losses to shed 17%, amid growing concerns over store closures. The stock was halted twice for volatility, at 2:58 p.m. Eastern and 3:09 p.m. before being halted for news at 3:21 p.m.; a few minutes before the first volatility halt, the stock was down about 4.8%. On Friday, Bloomberg reported the home furnishings retailer was planning a significant increase in store closings. The report, which cited people with knowledge of the plan, said the company was looking to restructure out of court, but that bankruptcy was an option under consideration if the company fell short of its goals. The company did not immediately respond to a request for comment. Investors have been concerned about a potential liquidation for a while (see this MarketWatch story from April) as the company has reported same-store sales that have declined for eight straight quarters and losses for six straight quarters. The stock has tumbled 40% over the past 12 months, while the SPDR S&P Retail ETF has gained 7.5% and the S&P 500 has advanced 28%.
According to one top luxury executive, the sector can’t sustain its current rate of growth — and might need to consolidate further.
Shares of Signet Jewelers Ltd. , the parent of Zale and Kay jewelry store chains, plunged 14% in afternoon trading Thursday, to pace declines among its retail peers, after Wells Fargo analyst Ike Boruchow turned bearish, citing expectations of continued declining consumer interest in the brands and concerns over the highly levered balance sheet. The stock extends the 31.6% selloff suffered in 2019, which marked the fifth straight yearly decline, the longest such streak in its publicly traded history. The stock 2019 performance compares with the 12.3% gain in the SPDR S&P Retail ETF and the S&P 500's 28.9% rally last year. Boruchow downgraded Signet to underweight from equal weight, and slashed his stock price target to $12, which is 25% below current levels, from $16. Boruchow said a survey of 750 shoppers showed that purchase intent has worsened over the last 12 months, to 68% of respondents planning to shop at Signet stores less from 47% planning to shop less over the previous 12-month period.
Holiday retail sales jumped 3.4% this year according to Mastercard’s most recent report, but not all retail chains are feeling the holiday cheer. Jerry Storch, former Toys ‘R’ Us CEO, says department stores are suffering, and that’s because many are using ‘a century old business model which basically hasn’t changed.’
A robust holiday season drove many corners of the consumer space, including e-commerce, giving a boost to many stocks and ETFs in the final quarter of 2019.
As Wall Street bulls rage on, investors can play high-beta ETFs to make the most of the Santa rally. These ETFs offer solid value and allay overpricing concerns.
New York City's iconic Fifth Avenue retail windows got a holiday makeover this year, adding some much needed sparkle to four empty store fronts - until now.
The Bureau of Economic Analysis (BEA) will release its monthly report on personal consumption expenditures (PCE) at 8:30 a.m. ET Friday, which will likely show just a mild uptick in underlying prices.