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Tag Archive: consumer spending

Jul
15

Dear Amazon: No Anniversary Card from Walmart

Black friday RIP

Dear Amazon: Don’t Expect an Anniversary Card from Walmart You have no doubt been up all night scouring Amazon’s Prime Day deals and you are now entering the zombie phase in front of your computer or smartphone. We can now officially say RIP to Black Friday but the competition is stomping its feet. Let’s be …

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Oct
21

URBN: Fast Fashion is the Icing on the Cake

Urban Outfitters (URBN) just became the poster child for how a company should not to manage expectations after it has reduced guidance only a few weeks after an investor day. On Thursday night Urban reported that comparable-store sales have remained negative into October. That shouldn’t come as a surprise if you’ve actually visited any Urban store during the …

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Oct
21

WMT: Watch Out Falling Prices and Margins

Published Oct 15 Wal-Mart (WMT) kicks off its analyst day this morning and may reveal quarter-to-date comps. My guess is similar to last year: Management will not let the cat out of the bag. After all, it is a safe assumption that store traffic continues to be negative, and offering up another comp data point distracts from …

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Jan
11

Macy’s: Slow and Steady Wins the Race

published Jan 9 2014 Macy’s (M) just reconfirmed the best way to play low expectations is stick with the best of breed. I have long been a proponent of the average investor staying away from “turnaround” stories like J.C. Penney (JCP) in favor of slow-and-steady-wins-the-race stories like Macy’s. This was illustrated on Wednesday when JCP issued …

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Jan
10

Best Buy’s Get Out of Jail Free Card

Retailer hhgregg (HGG) reported a painful same-stores sales decline of 11.2% for the holiday quarter — double the expected drop. Appliances were the bright spot, as comps rose 1.5% in that category. Home products comprise a new product category, so this segment registered a 36% same-store-sales climb. (If you put enough new stuff in the store, …

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