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Key Department Store Stocks Underperform in the Market
As of September 4, department store stocks for Macy’s fell by 11.1% since the start of 2015. Despite 1H15 sales growth, Nordstrom’s stock also fell by 7%.
Sears Gets Court Approval for Store Sales
Sears Holdings (SHLD) has received approval from the US Bankruptcy Court to go ahead with the potential sale of its top 400 stores.
Why Sears’s First-Quarter Revenue Tumbled 31%
Sears has been on a store closing spree as it tries to contain rising costs.
Will consumer spending affect the yield curve and Fed funds rate?
The Bureau of Economic Analysis will release its personal income and outlays report for March on Thursday, May 1. The report measures individuals’ income and expenditure levels.
Unemployment rate falls, but wage growth fails to impress
According to the latest data provided by the U.S. Bureau of Labor Statistics, the unemployment rate was down by 1.1 percentage points in 2014.
What’s behind Amazon’s Job Plan?
During Amazon’s 4Q16 earnings call, the management didn’t offer a detailed explanation about how it would create the additional 100,000 full-time jobs it promised last month.
Why Fairholme Capital lowers stake in Leucadia National
Fairholme Capital lowered its position in Leucadia National in 2Q14. The position currently accounts for 4.14% of the fund’s portfolio.
Must-know update: DE Shaw increases its position in Sears Holdings
DE Shaw increased its position in specialty retailer Sears Holdings (SHLD) from 0.01% to 0.07% in 4Q 2013.
Moody’s Upgraded Whirlpool’s Rating to Baa1
Whirlpool (WHR) has a market cap of $11.9 billion. WHR rose by 1.8% to close at $154.55 per share as of February 26, 2016.
Defensive Stocks And REITs Look Overpriced
REITs are providing an average dividend yield of 3.5%, so investors are drawn to them. This is causing rich valuations and making REITs look overpriced.
Leveraged Loan Funds Witness Back-to-Back Inflows
According to data from Lipper, leveraged loan funds saw an inflow for the second consecutive week. The quantum of inflows came in at $176 million last week.
Macy’s Talks Growth Initiatives at Nomura Conference
At the Nomura conference, Macy’s chief financial officer, Karen M. Hoguet, said that the company believes in creating real value for its real estate.
Sears Stock Jumps 15.9% on Partnership with Amazon
On May 9, Sears Holdings (SHLD) stock jumped 15.9% to $3.20 on the news of a partnership with Amazon (AMZN).
Where Amazon’s Pledged 100,000 Jobs Could Come From
New Coppell warehouse in the works After Amazon (AMZN) pledged to create more than 100,000 new full-time US jobs over the next 18 months, Wall Street has been looking for clues on where the jobs will come from. It seems Amazon is betting on retail infrastructure expansion to produce the jobs it promised, which would […]
Is Sears’s Store Strategy Headed in the Right Direction?
To improve productivity, Sears Holdings (SHLD) has been downsizing its store footprint by closing unprofitable stores as well as opening new smaller format stores.
An Interesting Alliance: Macy’s Partnership with Best Buy
On September 8, Macy’s partnership with Best Buy was announced. Macy’s will open licensed Best Buy shops within ten of its stores.
Whirlpool’s Bottom Line Rises in 2Q16
Whirlpool (WHR) has a market cap of $14.2 billion. It rose by 2.7% to close at $187.61 per share on July 22, 2016.
Amazon–JPMorgan Chase Card Deal Is in Focus for 1Q17
Early this year, Amazon (AMZN) introduced the Amazon Prime Rewards Visa Signature Card, a loyalty credit card program aimed exclusively at its Prime shoppers.
Sears Holdings’ Revenue Fell, Income Rose in Fiscal 3Q15
Sears has a market cap of $2.0 billion. Its YTD price movement both rose and fell in fiscal 2015. After it released its fiscal 3Q15 report, SHLD fell by 6.9%.
Sears Could See Double-Digit Revenue Fall in First Quarter
Sears Holdings (SHLD) is expected to report a revenue decline of 33.6% to $2.9 billion in the first quarter.
Must-know: Does e-commerce mean the end of malls?
General Growth CEO Sandeep Mathrani spent a lot of time on the conference call discussing the impact of e-commerce on his company (and mall REITs in general).
Berkowitz’s Fund Establishes Stake in Sears Canada
To counter competitive pressures, Sears Canada sold leases worth $400 million in 2013 and reduced its workforce by 3,000 employees.
Why Deckers Is Reducing Its Store Footprint
Deckers (DECK) is emphasizing retail store closures despite labeling them as a vital component of the company’s omnichannel strategy.
Must-Know: Factors that Might Impact Macy’s 1Q15 Earnings
Macy’s 1Q15 earnings might be impacted by restructuring plans, investment in digital retailing channels, and costs related to store closings and openings.
Chesapeake Energy is Fairholme Capital’s new position
Fairholme purchased ~537,000 shares of Chesapeake Energy Corporation (CHK) for $12.3 million in 3Q14. It now accounts for 0.16% of the portfolio.
Sears Stock Slumps on Underwhelming First-Quarter Numbers
Department store retailer Sears (SHLD) fell 12.5% on May 31 after reporting its fiscal first-quarter results.
Sears May Have Found a Buyer for Its Home Improvement Business
Sears Holdings (SHLD) has reportedly received a $60 million offer for its home improvement business from Service.com.
Sears Files for Chapter 11 Bankruptcy, Survival Efforts Fail
Sears filed for protection under Chapter 11 of the United States Bankruptcy Code. Sears stock has lost more than 88.6% of its value in 2018.
JCPenney Appoints New CEO, Stock Up 9.6% in After-Market Hours
JCPenney stock rose 9.6% in after-hours trading on October 2 following the announcement that Jill Soltau will be the company’s new CEO.
Sears Receives a Restructuring Proposal from ESL Investments
Sears Holdings (SHLD) has received a restructuring proposal from ESL Investments, which is headed by Sears CEO Edward Lampert.
Sears Stock Rose 21.5% after Its Second-Quarter Results
On September 13, Sears stock was trading 21.5% higher in extended trading after the company announced its second fiscal quarter earnings.
Sears Rolls Out Tire Installation Service: Stock Jumps ~13%
On August 28, Sears announced that it had rolled out its ship-to-store tire solution in partnership with Amazon across its entire store base.
Sears: Store Closures Continue, Stock Falls ~6%
On August 23, Sears Holdings (SHLD) stock fell more than 5.9% after the company announced that it will shut down 46 more stores in November.
Simon Property to Continue with Expansion Plan to Drive Growth
In its second-quarter 2018 earnings conference call, Simon Property (SPG) stated that it will continue investing in the redevelopment and expansion of its properties.
Will Expansion Plans Help Simon Property Drive Mall Traffic?
Simon Property Group (SPG) has been putting a lot of focus on the redevelopment and expansion of its properties.
Sears’ Corporate Offices See Another Round of Job Cuts
Sears Holdings (SHLD) has pruned the workforce at its corporate offices in Hoffman Estates. In June, the company fired 200 employees.
Sears Stock Falls 10.3% on First-Quarter Results
Sears Holdings (SHLD) stock was trading 10.3% lower at 7:33 AM EST after announcing its first-quarter earnings today.
Lowe’s Makes a Good CEO Hire, Ignore the JC Penney Years
Lowe’s Companies, Inc. (LOW) is hiring J C Penny Company Inc.’s (JCP) CEO Marvin R. Ellison as its President and CEO, effective July 2. Here’s what you need to know.
Where Is Sears Stock Heading in 2018?
As of May 15, Sears Holdings’ (SHLD) stock is down 2.2% to $3.50 on a YTD (year-to-date) basis.
What Analysts Project for Sears’s First-Quarter Earnings
Sears Holdings (SHLD) is expected to announce first-quarter results on May 23.
Sears Stock Rose ~7% on Announcement of Potential Asset Sales
On May 14, Sears stock jumped 6.7% after the company’s announcement that it was considering the sale of some of its assets.
Behind Five Below’s Rapid Store Expansion Strategy
In an environment where retailers ranging from Macy’s (M) to JCPenney (JCP) to Sears (SHLD) are closing stores to cut down costs, Five Below is on a store opening spree.
How CEO Edward Lampert Is Trying to Save Sears
Sears Holdings (SHLD) has been in murky waters for quite some time now.
Sears Stock Falls on Mixed Fiscal 4Q17 Results
Sears Holdings’ stock price fell 6.6% on March 15, 2018, following the announcement of its fiscal 4Q17 results on March 14.
Sears Stock Jumps over 14% after Its Fiscal 4Q17 Update
On February 15, 2018, Sears Holdings (SHLD) announced a financial update for its fiscal 4Q17.
Why Sears Stock Is Crashing
In this series, we’ll study Sears’s meteoric rise and its equally dramatic fall. We’ll also look at the efforts the beleaguered retailer has made to stay afloat and the impact of these efforts on its financial performance.
Why Sears Holdings’ Asset Sales Strategy Is a Patchwork Solution
Sears Holdings (SHLD) has been selling both its real estate and some of its brands to pay down debt.
How Much Can Debt Financing Help Sears?
Sears Holdings (SHLD) has been obtaining debt financing from several lenders in order to stay afloat.
Making Sense of Walmart’s Layoffs and Store Closures
Walmart is closing 63 Sam’s Club stores, which leaves it with 597 stores out of the current portfolio of 660 stores.
Stanley Black & Decker Set to Post Record 3Q17 Revenue
Stanley Black & Decker (SWK) is set to announce its 3Q17 earnings on October 24, 2017. As of October 18, 2017, analysts are expecting it to post revenues of $3.2 billion, a 9.4% rise YoY.
Amazon’s AWS Revenues Rose 43% to ~$3.7 Billion
AWS’s revenues increased 43% to $3.66 billion, topping its revenues of $3.65 billion that analysts expected.
How Amazon Can Run a More Profitable Retail Business
One of Amazon’s major cost drivers is shipping expenses. Net shipping costs increased 43% to $7.2 billion in 2016, up from $5.0 billion in 2015 and $4.2 billion in 2014.
Does Amazon’s Air Cargo Hub Plan Make Sense?
Amazon (AMZN) has announced plans to set up a $1.5 billion large air cargo facility at the Cincinnati/Northern Kentucky International Airport.
Goldman Sachs Downgrades Whirlpool to ‘Neutral’
Whirlpool (WHR) reported 4Q16 net sales of $5.7 billion—a rise of 1.7% compared to net sales of $5.6 billion in 4Q15.
What’s the Latest News on Whirlpool?
Whirlpool (WHR) fell 8.0% to close at $170.85 per share during the fourth week of January 2017.
Analyzing Whirlpool’s Performance in 4Q16
Whirlpool (WHR) has a market cap of $13.0 billion. It fell 8.6% and closed at $173.94 per share on January 26, 2017.
Whirlpool Partners with Century Communities
Whirlpool (WHR) rose 0.74% to close at $166.84 per share during the fifth week of November 2016.
What Boosted Coach’s 1Q17 Sales?
Evaluating Coach’s 1Q17 sales Coach (COH) reports revenues under two major segments – the Coach brand and the Stuart Weitzman brand. The Coach brand, the company’s primary business, accounts for more than 90% of its top line. The company reports its North American and international segments separately for the Coach brand. In this section, we’ll evaluate […]
MKM Partners Downgrades Whirlpool to ‘Neutral’
Price movement Whirlpool (WHR) rose 4.0% to close at $167.18 per share during the third week of October 2016. The stock’s weekly, monthly, and year-to-date (or YTD) price movements were 4.0%, 1.7%, and 15.8%, respectively, as of October 21. WHR is trading 2.8% above its 20-day moving average, 1.9% below its 50-day moving average, and […]
Whirlpool Declares Dividend of $1 Per Share
Price movement Whirlpool (WHR) has a market cap of $12.3 billion. It fell 0.44% to close at $162.29 per share on October 18, 2016. The stock’s weekly, monthly, and year-to-date (or YTD) price movements were 0.78%, 0.28%, and 12.4%, respectively, on the same day. WHR is trading 0.05% above its 20-day moving average, 5.5% below […]
Drees Homes Extends Its Agreement with Whirlpool
Whirlpool (WHR) fell 0.01% to close at $162.16 per share during the fourth week of September 2016.
Gabelli & Co. Downgrades Whirlpool Corporation to ‘Hold’
Whirlpool (WHR) has a market cap of $13.4 billion. It rose 1.9% to close at $169.92 per share on September 12, 2016.
Why Did Whirlpool Recall 15,200 Microwaves?
Whirlpool (WHR) has a market cap of $13.8 billion. It fell by 0.55% to close at $180.58 per share on August 25, 2016.
Whirlpool Declares Dividend of $1.00 per Share
Whirlpool (WHR) has a market cap of $13.9 billion. It fell by 1.0% to close at $183.02 per share on August 16, 2016.
Raymond James Downgrades Whirlpool to ‘Market Perform’
Whirlpool rose by 1.4% to close at $190.26 per share on July 25, 2016. The stock’s weekly, monthly, and YTD price movements were 6.9%, 6.4%, and 31.1%.
Whirlpool Partners with Innit to Bring Advancement in Cooking
Whirlpool (WHR) has a market cap of $13.4 billion. It fell by 1.1% to close at $174.43 per share on June 16, 2016.
How Did Moody’s Rate Whirlpool’s Senior Unsecured Notes?
Whirlpool (WHR) has a market capitalization of $12.9 billion. It fell by 1.1% to close at $166.98 per share on May 18, 2016.
JPMorgan Chase Upgrades Whirlpool to ‘Overweight’
Whirlpool (WHR) has a market cap of $13.1 billion. WHR rose by 1.7% to close at $168.84 per share as of March 15, 2016.
Why Did Whirlpool Rise in Fiscal 4Q15 and 2015?
Whirlpool reported fiscal 4Q15 net sales of $5,560.0 million—a fall of 7.4% compared to net sales of $6,003.0 million in fiscal 4Q14.
Breaking Down Nordstrom’s Revenue Growth
In the last fiscal year, Nordstrom’s revenue growth was 7.7%, a substantial number when compared to its peers.
A Company Overview of Nordstrom
Nordstrom’s stock has been performing quite well on Wall Street, increasing 30.4% in the last three years.
Consumer Income and Spending Increase
Increase in consumer income and spending is highly positive for the SPDR S&P Retail ETF, which has exposure to 101 of the country’s retail stocks.
Key Product Categories for the Back-to-School Season
Let’s take a look at some product categories that benefit from the back-to-school season. They include clothing and accessories, electronics or computer, shoes, and school supplies.
Major US Department Stores Struggle to Attract Consumers in 1H15
The US Census Bureau’s latest report revealed a 0.8% decline in July US department store sales, compared to June 2015. Sales showed YoY declines of 2.7%.
Bloomberg Consumer Comfort Index Increases after Significant Fall
The Bloomberg Consumer Comfort Index is a future-looking index that gives Wall Street an idea about how confident consumers are in regards to the future of the economy.
Making Up for the Delay: JCPenney Strengthens Online Business
When it comes to online business, JCPenney (JCP) lags behind its peers like Nordstrom (JWN) and Macy’s (M).
Johnson Redbook Retail Sales Index Hits 2% in Last Week of June
Johnson Redbook attributes the strength it observed in the final week of June to hot weather, which triggered demand for summer merchandise.
Bloomberg Consumer Comfort Index Dips after Previous Week’s Rise
The decline in the Bloomberg Consumer Comfort Index is unfavorable for department stores. Consumer sentiment about the economy influence consumer spending on discretionary items.
Nordstrom: Most Digital-Savvy Department Store
Nordstrom, with a digital IQ of 148, is ranked the most digital-savvy department store by L2. Macy’s and Bloomingdale’s rank second and sixth, respectively.
Macy’s Ups Its Online Game: Partners with zTailors
If you opt for alterations after making an online purchase, a certified tailor from zTailors will arrive for a fitting at your home or office and complete the alterations within a week.
Best Buy’s Fiscal 2016 Profits – Will Restructuring Be a Factor?
With its restructuring, Best Buy will have a total of 192 locations across Canada—including 136 large-format stores and 56 Best Buy Mobile stores.
Fairholme Bulks Up its Position in Sears Holdings
Eddie Lampert, chairman and CEO of Sears Holdings, has made it clear that he intends to create value through monetizing the company’s real estate assets.
Start of Eurozone Bond Buying Pushes Treasuries Higher
Treasury yields fell nearly across the curve in the week ending March 13, 2015. The start of the Eurozone bond buying program was the primary driver.
Nordstrom’s Rack stores and online channel are top performers
Nordstrom’s Rack stores sell clearance and end-of-season merchandise at deep discounts. Today there are 167 Nordstrom Rack stores across the US.
Macy’s restructuring initiatives include new stores and closures
Macy’s increased sales through localization and buy-online-pick-up-in-store. Macy’s restructuring initiatives will close 14 stores lay off 2,500 workers.
Online shopping: Threat or opportunity for Macy’s and peers?
Macy’s has embraced the fact that online shopping is crucial to its growth. It’s giving customers the choice to shop online, in stores, or via mobile apps.
Macy’s target consumers: Do they make a difference?
Macy’s target consumers include Millennials. The company launched collections aimed at Millennials, including QMack, Maison Jules, and Bar III Carnaby.
US consumer sentiment picks up
The rise in these indices reflects positive consumer sentiment about the state of the economy. That means they’re willing to spend more.
Best Buy sees better same-store sales in 3Q 2015
Best Buy’s growth rate in same-store sales had been negative since fiscal 2011. Efforts to optimize the shopping experience have changed that.
Renew blue: Best Buy’s turnaround strategy
As part of its turnaround strategy, Best Buy is also revamping its stores and trying to encourage more robust store traffic.
Where Coach Derives Its Revenues
North America is the company’s largest segment, accounting for 65% of revenues, or $3.1 billion in fiscal 2014. It’s also Coach’s most profitable.
Must-know company overview: Carter’s 5 key business segments
The Carter’s brand was established in 1865. It’s known for high-quality apparel for children, ages newborn to seven.
