June 2009
June 30, 2009 –
With retailers facing wet weather and tough comps from the year ago period, retail same-store sales for the week were a mixed bag: [more]
June 25, 2009 –
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RELATED TICKERS: WAG
, RAD
, CVS
With consolidation over the past few years, it has become a 3-horse race for pharmacy dominance. This week, we got a peak into the health of the drugstore retail sector as Walgreens and Rite Aid reported quarterly earnings. [more]
June 22, 2009 –
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RELATED TICKERS: ARO
, AEO
, ANF
Even in the best of economic times, Aeropostale’s performance over the last 18 months would be considered impressive. When you take into account the fact they were posting these results in the worst retail environment in decades, it becomes that much more unbelievable: they have posted positive same-store sales results in 21 of the last 22 months, and for 7 consecutive quarters: [more]
June 19, 2009 –
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RELATED TICKERS: COST
Consistent – that’s simply the best word to describe the performance of Costco Wholesale. In just 25 years of operations, they have grown from one warehouse in Seattle with 244,000 club members and $101 Million in sales to 555 warehouse clubs, 53.5 million members, and nearly $71 Billion in annual sales. Costco is now one of the largest, and certainly most admired companies in the world. Their strategy is simple: offer a limited selection of in-demand products at very competitive prices, with a policy of not marking up products by more than 15%. The success of this strategy, as well as the consistency, can be seen in their results: [more]
June 11, 2009 –
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RELATED TICKERS: SKS
, TJX
Luxury retailer Neiman Marcus reported fiscal 3rd quarter earnings yesterday, and investors were given some more insight into the continued struggles of the high-end sector. Though no longer a public company, they still file quarterly reports and hold conference calls, which proves useful for comparison purposes as well as offering a view on how luxury retailers are coping in an extremely tough environment. [more]
June 10, 2009 –
The US Census Bureau will release Advance Monthly Retail Sales estimates for May tomorrow – the market expects an increase of 0.5% from the prior month vs. a decline of 0.4% in April, driven in large part by a rebound in auto sales. Stripping out autos, consensus estimates put the gain at 0.2%, which would be the 3rd monthly increase this year: [more]
June 09, 2009 –
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RELATED TICKERS: ARO
, BKE
, PSMT
Last week 30+ retailers reported comparable year-on-year sales for May 2009 (see below), and the best that can be said of the results is that consumer spending is stabilizing at a very low level. Today, we got updated same-store sales data for the 1st week of June and it’s more of the same: [more]
June 05, 2009 –
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RELATED TICKERS: JWN
, SKS
In the past couple of days over 30 retailers have reported monthly sales data for May, and the results weren’t pretty. Sales were weaker than expected at 19 of 30 retailers tracked by Thomson Reuters, with a composite same-store sales decline of 4.8% vs. a consensus estimate of 4.1%. Results were disappointing at both the low and high-end, but upscale/luxury retailers continued to post the worst declines. As Ken Perkins, president of Retail Metrics put it, “The high end continues to struggle, those in the discretionary spend segment are really continuing to get clocked,” [more]
June 03, 2009 –
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RELATED TICKERS: HOTT
, ZUMZ
While most major retailers won’t report same-store sales results for May 2009 until tomorrow (minus Wal-Mart who previously announced they would no longer report on a monthly basis), we got a preview today from 2 mall-based retailers – Hot Topic and Zumiez. If their results are a sign of things to come, it could put a dent in the idea that retail sales have turned the corner. [more]
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