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January 2010

Recs

8

Super Bowl 2010 Outlook: More Viewers, Less Spending

January 28, 2010 – Comments (0)

As the annual event turned national holiday known as the Super Bowl approaches, retailers and marketers are gearing up to fight for consumers’ dollars. The game is not only perennially the most-watched television event of the year and a gold mine for advertisers, but also a bonanza for food, electronics, and apparel retailers as consumers typically spend as much during Super Bowl weekend as they they do for Father’s Day. However, consumers are not surprisingly planning on cutting back their discretionary spending this year, and marketers will attempt to strike the right chord with shoppers still extremely worried about their personal finances.  [more]

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6

Rite Aid Still Struggling to Find a Cure

January 28, 2010 – Comments (2) | RELATED TICKERS: CVS , WAG , RAD

Retail drug store chain Rite Aid is still struggling with integration issues from its acquisition of Brooks Eckerd Drug Stores, as it continues to close under-performing locations and find the right merchandise mix to compete with larger rivals Walgreens and CVS Caremark.  [more]

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6

Weekly Retail Sales Remain Volatile

January 26, 2010 – Comments (0)

The third week of January continued the trend of low volume and sporadic activity, as retailers focus on clearing inventory and transitioning to spring merchandise. Limited clearance merchandise, along with gas prices which are creeping nearly 50% higher than a year ago continue to hold back sales.  [more]

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5

Coach Looks to Asia For Renewed Growth

January 25, 2010 – Comments (2) | RELATED TICKERS: COH

Investors were disappointed last week as upscale retailer Coach reported North American same-store sales that were slightly less than analysts estimated. However, results showed the company enjoyed a strong holiday season, and plans to accelerate expansion in Asia should help the accessible luxury handbag maker resume the robust growth investors have become accustomed to.  [more]

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4

Modest Gains Expected For Retailers in 2010

January 19, 2010 – Comments (0)

After hitting the nail on the head with its holiday season retail forecast, the International Council of Shopping Centers (ICSC) said yesterday they expect retail sales will rebound with a 3.9% increase in 2010. ICSC initially forecast a gain of 1-2% for holiday (November-December) shopping center-inclined sales growth back in September, and the final tally showed a 1.8% gain. The company noted it was not a particularly strong season, but it was better than a lot of analysts predicted and a substantial improvement over the prior year’s 5.6% plunge:  [more]

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11

U.S. Retail Sales Disappoint in December

January 14, 2010 – Comments (1)

This morning, the U.S. Department of Commerce reported that Advance Estimates of U.S. Retail and Food Services sales for December fell 0.3% from the prior month to $353.0 Billion, while sales increased 5.4% compared to the year-ago period. This is the second straight year-over-year gain after 14 consecutive months of declines, the longest such streak on record. To put this into perspective, consider that in the previous 15+ years, from January 1993 through August 2008, there were a total of only 2 months in which YoY decreases were reported.  [more]

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9

Some of the the Ugliest Charts in Retail

January 13, 2010 – Comments (0) | RELATED TICKERS: ANF , GPS , JCP

Most U.S. retailers reported relatively strong sales results for the 2009 holiday season compared to a year ago, and the hope is this represents a turning point for an industry mired in its worst slump in decades.   [more]

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5

Weekly Retail Sales: Post-Holiday Blues

January 12, 2010 – Comments (1)

As expected, retailers experienced somewhat of a post-holiday lull in the first week of the new year as consumers had limited reason to shop. Gift card redemptions and bargain-hunting shoppers will be the sales drivers for most of January, while Valentine’s Day and spring merchandise will start to roll out around the middle of the month.  [more]

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4

Retail Winners: Off-Price is On Target

January 11, 2010 – Comments (0) | RELATED TICKERS: ROST , SKS.DL2 , TJX

The Great Recession has been a boon for discount stores, and off-price retailers have been perhaps the largest beneficiaries of shifting consumer attitudes towards frugality. TJX Companies, parent company of TJ Maxx & Marshall’s, and competitor Ross Stores have drawn in thrifty consumers throughout the recession with an assortment of brand-name goods at closeout prices.  [more]

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4

Holiday 2009 Retail Wrap-Up

January 08, 2010 – Comments (0) | RELATED TICKERS: ARO , M , TJX

One year after the worst holiday shopping season on record, retailers are no doubt breathing a sigh of relief as consumers loosened their purse strings somewhat this year. Things got off to an inauspicious start, as bargain-hunting shoppers held out for the deep discounts they have become accustomed to, and untimely weather dampened prospects for “Super Saturday”, which was expected to be the biggest selling day of the season. However, a last minute surge during Christmas week and strong post-Christmas sales propelled retailers to their best month since April 2008.  [more]

Recs

9

December Same-Store Sales Summary

January 07, 2010 – Comments (1) | RELATED TICKERS: ANF , COST , SKS.DL2

Retailers turned in a stronger-than-expected sales performance in December, as better inventory management and less promotional activity helped drive the best same-store sales results since April 2008. For the 32 companies RetailSails tracks, preliminary results show total sales rose 5.4% in December to $52.11 Billion, while same-store sales increased 3.0% compared to a 3.8% plunge in the year-ago period.  [more]

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4

Weekly Retail Sales: A Soft Year Ends Strong

January 05, 2010 – Comments (3)

Retailers ended the year on a high note, as bargain-hunting shoppers drove strong sales in the last week of 2009. Most analysts initially predicted holiday sales of flat to slightly up compared to the plunge last holiday season, but based on early results we expect the final tally will show a year-over-year holiday gain of 1-2%.  [more]

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6

Restaurant Industry Outlook Remains Weak

January 04, 2010 – Comments (0)

Most retail sectors saw at least moderate improvements in sales performance going into the end of the year, but the same cannot be said about the restaurant industry. The National Restaurant Association reported that its Restaurant Performance Index (RPI) declined to 97.8 in November, down from 98.0 in October and the 3rd drop in the last 4 months. This was the 25th consecutive month the RPI remained below 100, which signifies contraction in the index of key industry indicators.  [more]

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