Broad Retail Sectors Slip Despite Surprise Sales Growth (PIR, WSM, BLDR, HD, LOW, NFLX, BIDZ, FLWS, OSTK, DDS, JCP, JWN)
Posted by Jason Smith at 10:44AM on May 14th
Retail sales rose by 40 basis points in April led by building material and garden supply store sales as homebuyer tax credits spur spending. According to coverage by The Wall Street Journal, economists were expecting a -10 basis point decrease…
Personal Spending Data Sends Retailers Racing (KIRK, PIR, WSM, DDS, JWN, SKS, SHLD, LULU, CHRS, JNY, ANN, PSUN)
Posted by Jason Smith at 1:38PM on May 3rd
The Commerce Department announced a 60 basis point jump in personal spending in March, the statistic’s biggest leap in five months. That data, paired with a return to growth in construction activity and the fastest manufacturing activity expansion in almost…
Posted by Jason Smith at 2:00PM on April 9th
It was a strong week for the various retail sub-sectors with some gaining more than 5% on double-digit spikes from individual winners.
Posted by Owen Vater at 12:41PM on November 20th
The Dow is trending lower to end a week when through Wednesday’s close the bulls showed strength and resilience.
Most of Monday’s triple-digit gains for the Dow were erased yesterday, after the bulls rallied from lows to end the prior two…
Posted by Owen Vater at 11:07AM on August 26th
The summer earnings rally still has legs, helped by a pair of home furnishing stocks on Wednesday.
The Home Furnishing Retailer Stocks Index can frequently be found atop tickerspy’s daily performance rankings, but there is not always significant news to pin the…
Posted by Max Magee at 11:27AM on June 25th
The retail sector was up on Thursday, led by home furnishing stocks on Bed Bath & Beyond (BBBY) earnings.
Ahead of the bell this morning, Bed Bath & Beyond reported a surprise 14% increase in first-quarter profit. Cost cutting measures paid off…
Posted by Max Magee at 12:38PM on May 15th
Consumer confidence numbers sent retail stocks higher on Friday to end what has been a rough week for the sector.
According to a Reuters/University of Michigan survey, consumer confidence in early May reached its highest levels since September. Andrew Richman, a…
Posted by Max Magee at 5:16PM on April 8th
Some retailers have managed to beat expectations recently, encouraging investors that a turnaround may be in sight.
The retail industry suffered throughout the economic downturn as consumers reduced spending. The outlook is still somewhat gloomy, but recent earnings news has been…
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