The Michaels Companies Inc
Craft Retailer Michaels Offers Same-Day Delivery Through Instacart
Highfields Capital exits its position in Broadcom
Highfields Capital sold its position in BRCM in the third quarter. The position accounted for 1.66% of the fund’s 2Q14 portfolio. Broadcom makes semiconductors for wired and wireless communications.
Home Depot: Margins Up on Higher Sales, Lower Expenses
Home Depot’s margins are ahead of those reported by the number-two home improvement (XHB) (ITB) retailer, Lowe’s (LOW), over the past twelve months.
Highfields Capital Management’s positions in 3Q14
Highfields Capital Management LP is based in Boston. The fund was founded by Jonathon Jacobson in 1998. The fund’s US long portfolio declined slightly to $12.8 billion in the third quarter.
IKEA Tests the Small-Store Format in Select Markets
Earlier this year, privately-held big box furnishing chain IKEA announced that it may open small-format stores in Canada. These will be a place for customers to pick up online orders.
Home Depot’s Online Ticket Size Soars Past In-Store Spending
The ticket size for Home Depot’s online sales is significantly higher than the average in-store spend of $55–$65 per transaction.
Home Depot Stock Outperforms Peer Group
Home Depot’s (HD) stock has performed well over the past five years. In fact, it’s been the best-performing stock in its peer group.
Highfields Capital opens new position in Michaels Companies Inc.
Highfields Capital initiated a new position in MIK in the third quarter. The position accounts for 1.38% of the fund’s 3Q14 portfolio. Michaels is the largest arts and crafts specialty retailer in North America.