|Bid||45.5600 x 800|
|Ask||45.6500 x 1000|
|Day's Range||45.1800 - 45.6900|
|52 Week Range||35.8400 - 54.5500|
|PE Ratio (TTM)||N/A|
|Beta (3Y Monthly)||0.00|
|Expense Ratio (net)||0.65%|
September saw a mild rise in retail sales, edging higher by 0.1% based on the latest data released by the Commerce Department--a 0.6% rise was forecasted by a Reuters poll of economists. The biggest retail ETFs based on total assets were down-- SPDR S&P Retail ETF (XRT) --down 0.13%, Amplify Online Retail ETF (IBUY) --down 2.3% and VanEck Vectors Retail ETF (RTH) --down 0.67% as of 11:15 a.m. ET. "The net result still appears to be a fairly strong quarter for consumer spending growth," said Jim O'Sullivan, chief U.S. economist at High Frequency Economics in White Plains, New York. The SPDR® S&P® Retail ETF seeks to provide investment results that correspond generally to the total return performance of the S&P® Retail Select Industry® Index (the “Index”).
Silicon Valley favorite Allbirds announced Thursday that it has closed Series C funding of $50 million, led by T. Rowe Price Investment Management, Fidelity Management & Research Company and Tiger Global. Total funding has reached $75 million. Allbirds, a shoe brand made with sustainable materials, will use the money to research sustainable materials and to execute an expansion strategy. The company currently sells through its website in the U.S., Australia, Canada, and New Zealand and at retail stores in New York and San Francisco. A store is opening in London with shipping operations launching in the U.K. in 2019. Allbirds launched in 2016. The SPDR S&P Retail ETF is up 4.4% for the year to date, the Amplify ONline Retail ETF has gained 8.7%, and the S&P 500 index is up 4.2% for the period.
As the decline of brick-and-mortar stores continues to make headlines, online retail growth is booming around the world. Consumer spending is now happening online more than ever before as traditional retailers ...
The National Retail Federation expects retail sales in November and December, excluding gasoline, restaurants and automobiles, to increase 4.3% to 4.8%. Total sales are expected to be between $717.45 billion to $720.89 billion, up from $687.87 billion last year. The 2017 holiday season total was a 5.3% year-over-year increase. The group credits the strong economy and consumer confidence for this year's growth, but acknowledges some worries. "While there is concern about the impacts of an escalating trade war, we are optimistic that the pace of economic activity will continue to increase through the end of the year," said NRF Chief Executive Matthew Shay in a statement. Walmart Inc. and Target Corp. have warned that tariffs could raise prices and hurt families. NRF expects seasonal employment is expected to grow to between 585,000 and 650,000, up from 582,500 last year. Amazon.com Inc. increased its minimum wage to $15 amid a tight labor market, putting pressure on retailers to raise wages. The SPDR S&P Retail ETF is up 9% for the year to date, while the Amplify Online Retail ETF has rallied 21.2%, the Dow Jones Industrial Average has increased nearly 9%, and the S&P 500 index has gained 9.8% for the period.
Wayfair Inc.'s price target was raised to $165 from $140 at Canaccord Genuity as analysts think the online home retailer's investments in delivery operations will yield growth. "Wayfair's extensive build out of its delivery infrastructure brings a number of benefits, including faster and cheaper delivery, lower damage rate, and improved customer experience, all of which drive higher repeat rates and therefore higher customer life-time value," analysts led by Maria Ripps wrote. "The investment cycle that started in 2015 is paying off, with the percentage of orders from repeat customers increasing from ~50% in 2014 to ~65% currently, and direct retail revenue growing at nearly 50% for the last three consecutive quarters." Canaccord analysts cite data showing that nearly 40% of consumers think two-to-three day shipping is acceptable for purchases that aren't urgent, and about 25% prefer same-day or one-day shipping. Wayfair shares are up 2.1% in Friday trading, and up 111% for the last year. The S&P 500 index has gained 16.3% for the past 12 months, and the Amplify Online Retail ETF has gained 43.6% for the period.
Hourly wages for seasonal workers will rise nearly 32% according to the 2018 Annual Holiday Hiring Survey conducted by Snag, a marketplace for hourly work, and Wakefield Research. The average hourly wage for 2018 is expected to be $15.40 this year, up from $11.70 last year. Snag polled 1,000 people with hiring responsibilities across retail, restaurants and hospitality for its survey. Wages in retail are taking the biggest leap, 54%, with employers recruiting earlier. The wage hike and early staff searches are attributed to lower unemployment rates and a tighter labor market. "With more employers saying they'll need extra workers this year (84% versus 77% in 2017), the competition for skilled hourly employees is expected to be fierce, and 86% of employers say they will struggle to fill temporary seasonal positions," according to a Snag statement. "To attract workers, a majority of employers (77%) say they'll be offering perks and benefits including paid time off, training opportunities, childcare, tuition stipends, health insurance, and even transportation reimbursement." The SPDR S&P Retail ETF [S: xrt] is up 14.2% for the year to date, the Amplify Online Retail ETF has rallied nearly 28%, and the S&P 500 index is up 9.3% for the period.
Deloitte is forecasting a 5% to 5.6% year-over-year increase in retail holiday sales this year, with spending expected to exceed $1.1 trillion between November and January, excluding motor vehicles and gasoline. E-commerce is expected to increase 17% to 22% this season versus last season, reaching $128 billion to $134 billion. Deloitte analysts attribute the increase to disposable income growth, a strong labor market, and high consumer confidence. Risks include the impact of Fed tightening and any changes in the stock market that could drive a deterioration in consumer confidence. Target Corp. has increased its seasonal hire by 20% to 120,000 in anticipation of the coming holiday season. Macy's Inc. and Michaels Cos. Inc. are among the other retailers that have already announced their seasonal hiring plans. The Amplify Online Retail ETF has gained 28% for 2018 so far. The SPDR S&P Retail ETF has rallied 14.4% for the period. And the S&P 500 index is up 8.8% for 2018 to date.
Internet retail, small-cap and a health care stock fund are among SFMG Wealth Advisor's top ETF picks for the coming months.
Braving all evils of emerging market and trade war fears, the S&P 500 index is on track to record the longest bull run in history. The benchmark is now up for 3,452 days and Aug 22 will mark 3,453 days since the S&P 500 hit its low of 666 on Mar 9, 2009. Since then, the index has risen more than 300% and is up more than 7% so far this year.Source: istockphoto.com/joxxxxjo etf
The Zacks Analyst Blog Highlights: SPDR S&P Retail, Amplify Online Retail, ProShares Online Retail, VanEck Vectors Retail and Invesco Dynamic Retail
As back-to-school season has entered its peak month, retailers are on the edge with initiatives to perk up sales. This is the second-busiest shopping season (mid July to mid September) after the Christmas holidays, with sales generally picking up in mid August.Source: Shutterstock
As summer vacation draws to a close, it’s back to pencils, books and teachers’ dirty looks for many students, which bodes well for retail ETFs looking to capitalize on a busy back-to-school shopping season. ...
Finish Line hosts Ryan McQueeney and Maddy Johnson speak to Amplify ETFs CEO Christian Magoon about the growing battery industry and a recently launched fund that gives investors direct exposure to the space.
Traditional brick-and-mortar retail stocks and the relevant ETFs are rebounding this year, but e-commerce and online retail remains the place to be for investors. Just look at the Amplify Online Retail ...
Get the best of both worlds. For those investors who don't want to go all in with either tech stocks or with retail ones, an ETF with a mix of both may be ideal. Enter, Amplify Online Retail ETF .
If there’s one thing that most market watchers agree on, it’s that the brick-and-mortar retail business ain’t what it used to be.
Just over two years after coming to market, the Amplify Online Retail ETF (IBUY) continues proving it is a successful avenue for investors to tap the new wave of retailing. Earlier this week, Amplify ETFs said IBUY topped $500 million in assets under management. “IBUY began trading on April 20, 2016 and seeks to replicate the price performance of the EQM Online Retail Index (IBUYXT).
Even with intensifying competition, the Amplify Online Retail ETF (NASDAQ: IBUY ) is luring investors. Chicago-based Amplify said Wednesday IBUY, the first exchange traded fund focusing on e-commerce and ...