Wednesday, August 16, 2017

Declines in Traffic to Your Retail Store May be Slowing – Finally!

RetailNext Retail Performance Pulse July 2017According to RetailNext Retail Performance Pulse report for July 2017, traffic decline in the month was only 5.5 percent, the lowest in a year and a half. The monthly benchmark report also found sales experienced a relatively low year-over-year decline of just 5.3 percent in July, buoyed in part by a 0.5 percent uptick in conversion. This conversion uptick represents a second consecutive month of with a slight bump.

Weeks one and four of July posted the best results in the major retail performance areas.. . . more

HomeGoods is the most impressive retail story in America

Image result for homegoodsAs most traditional brick-and-mortar retailers scramble to stave off competition from e-commerce, one retailer is thriving: HomeGoods.

HomeGoods, which is owned by TJX, is consistently a top-performer in chain-store retail. The home-fashion merchant posted comparable store sales growth of 7% in the second quarter, a number that marks a high across all of retail. This comes on the heels of three consecutive years of noteworthy performance—HomeGoods posted a 7% annual comp in 2014, 8% in 2015 and 6% in 2016.. . . more

Retail is in 'panic mode,' says Dick's Sporting Goods CEO

Image result for dick'sDick's Sporting Goods is declaring a war on prices to defend its market share and protect its private-label brands, the retailer said on Tuesday.

"We are intentionally joining the battle, and we will aggressively be promoting our business to drive market share to our stores and online," CEO Edward Stack said on Tuesday's earnings conference call.. . . more

Amazon raises $16 billion to fund Whole Foods acquisition with debt that includes 40-year bond

Amazon's Whole Foods buyout will change the food landscape priced a $16 billion private debt offering on Tuesday to fund its planned acquisition of Whole Foods Market.

It is the fourth-largest high-grade debt offering this year, according to Informa Global Markets. It will be broken into seven parts ranging from three-year notes to 40-year notes, analysts said.. . . more

Urban Outfitters Jumps the Most Since 1993 IPO on Sales Progress

Image result for anthropologie storeUrban Outfitters Inc. surged the most since the apparel company went public 24 years ago, after its Free People and Anthropologie chains performed better than predicted, helping offset a slump at its flagship business.

In delivering the results, Chief Executive Officer Richard Hayne highlighted “encouraging fashion apparel trends,” which could help boost the company’s performance in future quarters. Hayne has been working to improve sales in a retail environment plagued by store closures, slow fashion trends and discount-hungry shoppers. . . . more

Surging online and customer traffic boost Target; ups remodels

Target Corp. came roaring back in its second quarter from a year-long sales slump amid evidence that its investments in online and store remodels are paying off. The discounter raised its outlook for the year.
Sales rose 1.6% to $16.43 billion in the quarter ended July 29, beating analysts' estimates of $16.30 billion. Same-store sales rose 1.3%, also more than analysts had expected. Comparable digital sales surged 32%.. . . more

Marshalls, TJ Maxx owner to open 260 new stores this year

Image result for homeSense near ready to openFramingham-based TJX Companies Inc. plans to open 260 new stores this year, increasing its total worldwide number by nearly 7 percent as it continues to buck the downward trend among retailers.

The off-price retailer currently has more than 3,800 stores worldwide, including Marshalls, TJ Maxx and HomeGoods here in the U.S. Last month it announced plans to launch a fourth chain called Homesense, describing it as a “complement” to HomeGoods with furniture, lighting and art. The first Homesense store is set to open this week at Shopper’s World in Framingham.. . . more

Tuesday, August 15, 2017

Summertime shopping: U.S. retail sales surged in July

In this Tuesday, May 16, 2017, photo, a shopper pushes a cart inside a HomeGoods store, in Salem, N.H. On Tuesday, Aug. 15, 2017, the Commerce Department releases retail sales data for July. (AP Photo/Elise Amendola)Consumers went out shopping in a big way in July, pushing up retail sales by the largest amount in seven months.

Retail sales advanced 0.6 percent last month, the best showing since a gain of 0.9 percent last December, the Commerce Department reported Tuesday. For most of this year, retail sales have been lackluster, including a decline in May of 0.2 percent and a modest 0.3 percent June gain.. . . more

Street saw 'severe overreaction' to retail earnings, says trade group CEO

Image result for retail shoppersRetail earnings season is upon us, in case you haven't already noticed.

And although multiple department store chains saw their stocks craterlast week on second-quarter results, analysts are saying the environment really isn't as bad as it seems.

In fact, department stores, for the most part, posted better-than-expected results. There has been a "severe overreaction" on the Street, Rick Helfenbein, CEO of the American Apparel and Footwear Association, said.. . . more