The forex market is ending Friday confined to a tight range (EUR has traded 14bps in North America) which is not surprising for a week that happened to print the lowest major currency volatility in seven-years.
The market is already looking forward to Monday's European economic outlook. Setting Russia/Ukraine aside, there is only second tier data from Germany (import prices) and Italy (consumer confidence) to keep anyone interested. There is however a plethora of ECB speakers – Draghi in Bonn, while Constancio, Coeure and Praet speak in Frankfurt. The market should expect them all to tow the party line – expect talk on the outlook for policy as well as their preparedness to act now.
If one includes Russia and Ukraine into the equation, then it's gold that should catch your attention. Currently, the yellow metal is enjoying a safe-haven bid on concerns about Russian troop movements near Ukraine. Gold is currently trading north of the psychological $1,300 print. Up until now, investors had being discounting tensions in the Ukraine and focusing on better US data to push gold prices down almost -7% from last months high.
Top 10 Retail Stocks To Invest In 2015: Foot Locker Inc (FL)
Foot Locker, Inc., incorporated on April 7, 1989, is a global retailer of shoes and apparel, operating 3,335 primarily mall-based stores in the United States, Canada, Europe, Australia, and New Zealand as of February 2, 2013. The Company operates in two segments: Athletic Stores and Direct-to-Customers. The Athletic Stores segment is an athletic footwear and apparel retailer whose formats include Foot Locker, Lady Foot Locker, Kids Foot Locker, Champs Sports, Footaction, and CCS. The Direct-to-Customers segment includes Footlocker.com, Inc. and other affiliates, including Eastbay, Inc. and CCS, which sell to customers through Internet websites, mobile devices, and catalogs. In September 2013, the Company acquired Runners Point Warenhandels GmbH (Runners) from Hannover Finanz GmbH.
Foot Locker is a global athletic footwear and apparel retailer. Its stores offer the products manufactured primarily by the athletic brands. Foot Locker offers products for a variety of activities, including basketball, running, and training. Additionally, the Company operates 65 House of Hoops, primarily a shop-in-shop concept, which sells basketball inspired products. Foot Locker’s 1,883 stores are located in 23 countries, including 1,072 in the United States, Puerto Rico, United States Virgin Islands, and Guam, 129 in Canada, 590 in Europe, and a combined 92 in Australia and New Zealand. The domestic stores have an average of 2,300 selling square feet and the international stores have an average of 1,500 selling square feet. Lady Foot Locker is a United States retailer of athletic footwear, apparel, and accessories for active women. Its stores carry athletic footwear and apparel brands, as well as casual wear and an assortment of apparel designed for a variety of activities, including running, walking, training, and fitness. In November 2012, the Company announced the introduction of a new banner named SIX:02. T his new banner is an elevated retail concept featuring brand! s in fitness apparel and athletic footwear for women. Lady Foot Locker and SIX:02 operate 300 and 3 stores, and are located in the United States, Puerto Rico, and the United States Virgin Islands. These stores have an average of 1,300 selling square feet.
The Company’s Kids Foot Locker is a national children’s athletic retailer that offers a selection of brand-name athletic footwear, apparel and accessories for children. Its stores feature an environment geared to appeal to both parents and children. Its 305 stores are located in the United States, Puerto Rico, the United States Virgin Islands, Europe, and Canada. These stores have an average of 1,400 selling square feet. Footaction is a national athletic footwear and apparel retailer. Its 283 stores are located throughout the United States and Puerto Rico and focus on marquee footwear and branded apparel. The Footaction stores have an average of 2,900 selling square feet. Champs Sports is a mall-based speci alty athletic footwear and apparel retailers in North America. Its product categories include athletic footwear and apparel, and sport-lifestyle inspired accessories. Its 539 stores are located throughout the United States, Canada, Puerto Rico, and the United States Virgin Islands. The Champs Sports stores have an average of 3,500 selling square feet. As of February 2, 2013, the Company operated 22 stores in the United States.
The Company’s Direct-to-Customers segment is multi-branded and multi-channeled. This segment sells, through its affiliates, directly to customers through its Internet websites, mobile devices, and catalogs. The Direct-to-Customers segment operates the Websites for eastbay.com, final-score.com, eastbayteamservices.com, ccs.com, as well as Websites aligned with the brand names of its store banners (footlocker.com, ladyfootlocker.com, kidsfootlocker.com, footaction.com, and champssports.com). Eastbay is a direct marketer in the United States, providing the high sch! ool athle! te with a sports solution, including athletic footwear, apparel, equipment, team licensed, and private-label merchandise. CCS serves the needs of the 12-20 year old seeking an authentic board lifestyle shop. CCS is anchored in skate but appealing to the surrounding board culture. The CCS format offers board lifestyle merchandise that will fit the needs of the customer all year long and stocks a selection of both core and lifestyle brands. The retail store operations of CCS are included in the Athletic Stores segment.
- [By abirk] retailer of shoes and apparel, operating 3,473 primarily mall-based stores (including 193 Runners Point Group stores) in the United States, Canada, Europe, Australia and New Zealand.
Headquartered in New York City, Foot Locker is an athletic footwear and apparel retailer. To improve overall performance in the long-run, the company has undertaken several initiatives.
Quarterly earnings have notched up for the last 15 years. Per-share earnings in the first quarter ending May 3 jumped 22% to $1.11 a share. Total revenue was up 14% to nearly $1.9 billion and same-store sales in the quarter advanced 7.6%.
Sneakers have also been fueling sales at Kids Foot Locker, which has shown mid-teen to 20% growth the past few quarters. Globally, sales have been strong in European markets. Foot Locker acquired Runners Point to gain exposure to the German market. The acquisition is already proving to be a worthwhile one as the division saw a 14% gain in sales.
Over the past four years, Foot Locker has seen its net income grow by 727.1% from $48 million to $397 million. This made Foot Locker gain a better position. FL’s debt-to-equity ratio is very low at 0.05 and is currently below that of the industry average, implying that there has been successful management of debt levels.
The company has demonstrated a pattern of positive earnings per share growth over the past two years. Apart from delivering strong top-line and bottom-line growth, the company is also known for its shareholder-friendly moves. In fiscal year 2013, the company bought back 6.4 million shares worth $229 million, which includes 1.6 million shares repurchased in the fourth quarter.
Management hiked the quarterly dividend by 10% and approved capex of $220 million for the year 2014.
Over the past 5 years Foot Locker has been an incredible comeback story. Shares have now climbed nearly 14x in value since the bottom in 2009.
What to Expect
- [By Myra Ramdenbourg]
Foot Locker Inc. (FL): EVP and CFO Lauren B Peters sold 25,000 Shares
On 07/10/2014, EVP and CFO Lauren B Peters sold 25,000 shares at an average price of $50.75. The price of the stock has decreased by 1.52% since. Foot Locker Inc. has a market cap of $7.23 billion and its shares were traded at around $49.98. The company has a P/E ratio of 16.40 and P/S ratio of 1.11 with a dividend yield of 1.64%. Over the past 10 years, Foot Locker Inc. had an annual average earnings growth of 6.30%.
- [By Rich Bieglmeier]
[Related -Foot Locker, Inc. (FL) Q4 Earnings Preview: Back To Its Winning Ways?]
Sales, like earnings, are expected move ahead, jumping forward by 9.3% year-over-year (YoY). Foot Locker’s consensus revenue estimate for Q4 is $1.79 billion, which is more than last year’s $1.64 billion.
- [By WWW.DAILYFINANCE.COM]
Records fell on Wall Street Friday as another solid report on housing lifted the market for the second day in a row. There’s a three-day weekend coming up — something that often prompts investor caution — but the gains were broad-based even though volume was fairly light. The VIX, which measures volatility, fell to its lowest level this year. The Dow Jones industrial average (^DJI) gained 63 points, the Nasdaq composite (^IXIC) rose 31, and the Standard & Poor’s 500 index (^GPSC) added 8, topping the record high set last week. The Dow Transportation average also raced to an all-time high, lifted by airline stocks. United (UAL) soared more than 4 percent; Delta (DAL) gained more than 1 percent and Southwest (LUV) gained 2 percent. Southwest is at an all-time high, up 79 percent from a year ago. New home sales bounced back with a better than expected 6.4 percent increase last month. Lennar (LEN) and D.R. Horton (DHI) both rose 4 percent. Pulte (PHM), Beazer (BZH) and Hovnanian (HOV) also solid posted gains. Earnings continue to drive retail stocks. Gap (GPS) edged higher even though net fell. Foot Locker (FL) gained 1½ percent after topping expectations. GameStop (GME) rose 4 percent. Its net rose, helped by the rollout last year of new Xbox and PlayStation consoles. Zumiez (ZUMZ) rose 5½ percent on an earnings beat. But Aeropostale (ARO) tumbled 24 percent. Its loss widened and sales declined. The retailer continues to struggle with teen fashion trends. Also on the earnings front, TiVo (TIVO) rose 2 percent as it swung to a profit from a year ago loss. It also reported an increase in the number of subscribers. Hewlett-Packard (HPQ) rose 6 percent on news the company plans to eliminate up to 16,000 additional workers in an effort to cut costs. And several stocks extended big moves from yesterday. Best Buy (BBY) rose more than 3 percent for the second straight day after earnings beat expectations. Isis Pharmaceuticals (ISIS) jumped
Top 10 Retail Stocks To Invest In 2015: Officemax Incorporated(OMX)
OfficeMax Incorporated, together with its subsidiaries, distributes business-to-business and retail office products. Its Contract segment markets and sells office supplies and paper, technology products and solutions, office furniture, and print and document services directly to large corporate and government offices, as well as to small and medium-sized offices through field salespeople, outbound telesales, catalogs, Internet, and office products stores. As of December 31, 2011, this segment operated 38 distribution centers in the United States, Puerto Rico, Canada, Australia, and New Zealand; 4 customer service and outbound telesales centers in the United States; and 47 office products stores in Canada, Hawaii, Australia, and New Zealand. The company?s Retail segment markets and sells office supplies and paper, print and document services, technology products and solutions, and office furniture to small and medium-sized businesses and consumers through a network of reta il stores. As of December 31, 2011, this segment operated 978 stores in the United States and Mexico; 3 large distribution centers in the United States; and 1 small distribution center in Mexico. The company, formerly known as Boise Cascade Corporation, was founded in 1913 and is headquartered in Naperville, Illinois.
- [By Michael Lewis]
Office Depot (NYSE: ODP ) scored a win in its merger with fellow big-box supply store retailer Office Max (NYSE: OMX ) , but is the company out of the proverbial weeds? The Depot saw its shares decline more than 6% Wednesday due to an earnings report that came in under estimates and altogether left investors and analysts unimpressed. No one has any delusions as to the intense technology-fueled disruption facing Office Depot and its recently acquired competitor, but there are levers the company can pull to remain relevant in the future.
- [By Jon C. Ogg]
We still have many key oil and energy companies reporting in the week ahead but we have now seen the sector leaders report earnings. Earnings previews have been prepared for the following stocks:
CME Group Inc. (NASDAQ: CME) Hertz Global Holdings Inc. (NYSE: HTZ) Kellogg Company (NYSE: K) DirecTV (NASDAQ: DTV) Office Depot Inc. (NYSE: ODP) and OfficeMax Incorporated (NYSE: OMX) Tesla Motors Inc. (NASDAQ: TSLA) T-Mobile US, Inc. (NYSE: TMUS) American Water Works Company Inc. (NYSE: AWK) Duke Energy Corp. (NYSE: DUK) QUALCOMM Inc. (NASDAQ: QCOM) Time Warner Inc. (NYSE: TWX) Whole Foods Market Inc. (NASDAQ: WFM) Groupon Inc. (NASDAQ: GRPN) Molycorp Inc. (NYSE: MCP) The Walt Disney Company (NYSE: DIS) Priceline.com Inc. (NASDAQ: PCLN) The Wendy’s Company (NYSE: WEN)
CME Group Inc. (NASDAQ: CME) reports earnings on Monday morning. With all of the exchange mergers of the last decade this remains one of the dominant exchanges. Estimates are $0.73 EPS and $713.3 million in revenue. Keep in mind that this exchange is now worth $25 billion. At $74.70, the consensus analyst price target is only just barely higher at almost $75.50.
- [By Charley Blaine]
Shares of Office Depot (NYSE: ODP) got a boost, shooting up 3.5 percent to $5.79 after the Federal Trade Commission closed a probe of the company’s proposed merger with OfficeMax (NYSE: OMX).
- [By Mathew Schwartz]
AlamyA Starbucks coffee shop in downtown Beijing, China. • There are prices to be paid for expanding your economy at a gallop, and China pays plenty of them. Today, anyone looking out across that nation’s northern cities can see that winter has arrived there — or rather, they can’t, because the smog is so appallingly bad. In the city of Harbin, for example, visibility dropped to around 11 yards Monday, and small-particle pollution soared to 40 times higher than the international safety standard — a record, by the way, though one we’re sure nobody would want to break. It’s a pretty clear case of cause and effect: Harbin’s city heating systems were fired up on Sunday, and by Monday, you could barely see your hand in front of your face. • While we’re on the subject of the world’s rising economic superpower, China has a big complaint with Starbucks (SBUX) — and it’s probably the same one you have: Why does it charge so much for coffee? This may shock those of us in the U.S. who feel we’re paying through the nose for our lattes, but Starbucks charges more in China than it does elsewhere — about a third more than in the United States. • But back in America, the biggest news involving your money today is a no-brainer: the continuing glitches in the Obamacare websites. The administration has called out the computer cavalry, expanding the team that’s trying to get the system working properly. And President Obama plans to speak publicly about the problems Monday. But in the meantime, the website is producing far more complaints than anything else. • We all know that taking out a student loan requires filling out a raft of complicated paperwork, but paying it back, at least, ought to be simple. Unfortunately, it’s not, the advocates over at the Consumer Financial Protection Bureau inform us in a new report. Some loan servicers — the companies lenders hire to collect payments on private student loans — make a concerted effort to maximize fee
Top 10 Retail Stocks To Invest In 2015: Penske Automotive Group Inc.(PAG)
Penske Automotive Group, Inc. operates as an automotive retailer. It sells new and used vehicles of approximately 40 vehicle brands; offers vehicle maintenance and repair services; and engages in the sale and placement of third-party finance and insurance products, third-party extended service contracts, and replacement and aftermarket automotive products. As of December 31, 2011, the company operated 320 retail automotive franchises, of which 166 franchises were located in the United States and 154 franchises are located outside of the United States primarily in the United Kingdom. It also has operations in Puerto Rico and Germany. Penske Automotive Group, Inc. was founded in 1990 and is headquartered in Bloomfield Hills, Michigan.
- [By Lawrence Meyers]
However, the company just reported that retail sales were flat with last year. AN stock is sitting in a better position than KMX, with 18.65% long term growth. On FY14 EPS of $3.38, it suggests fair value is upwards of $60, and currently trades at $49. The company isn’t heavily leveraged, and it has positive FCF. So far, AN stock is looking like the best buy among these used car stocks.
Penske Automotive Group (PAG)
Penske Automotive Group (PAG) could almost be an identical twin to AutoNation as far as what it provides, outside of the luxury market.
- [By Marc Bastow]
Automotive retailer Penske Automotive (PAG) raised its quarterly dividend 5.9% to 18 cents per share, payable on Mar. 3 to shareholders of record as of Feb. 10.
PAG Dividend Yield: 1.69%
Top 10 Retail Stocks To Invest In 2015: Sears Holdings Corporation(SHLD)
Sears Holdings Corporation operates as a specialty retailer in the United States and Canada. The company?s Kmart segment operates stores that sell merchandise under Jaclyn Smith and Joe Boxer labels; and Sears brand products, such as Kenmore, Craftsman, and DieHard. This segment?s stores provide consumer electronics, seasonal merchandise, outdoor living, toys, lawn and garden equipment, food and consumables, and apparel, as well as operate in-store pharmacies. Its Sears Domestic segment operates stores that sell merchandise under the Kenmore, Craftsman, DieHard, Lands? End, Covington, Apostrophe, and Canyon River Blues brand names. This segment?s stores provide appliances, consumer electronics, tools, sporting goods, outdoor living, lawn and garden equipment, home fashion products, automotive products, apparel, footwear, jewelry, accessories, health and beauty products, pantry goods, household products, and toys. The Sears Domestic segment also provides clothing, acces sor ies, footwear, and soft luggage; appliances and services to commercial customers in single-family residential construction/remodel, property management, multi-family new construction, and government/military sectors; premium appliance and plumbing fixtures to architects, designers, and new construction or remodeling customers; parts and repair services for appliances, lawn and garden equipment, consumer electronics, floor care products, and heating and cooling systems; and home improvement services. The company?s Sears Canada segment engages in the retail of apparel and other softlines. Sears Holdings Corporation operates approximately 2,172 full-line stores and 1,338 specialty retail stores in the United States; 500 full-line and specialty retail stores in Canada, as well as operates 17 floor covering stores, 1,734 catalog pick-up locations, and 108 travel offices; and kmart.com and sears.ca Websites. The company was founded in 1899 and is based in Hoffman Estates, Illi noi s.
- [By Ben Levisohn]
We’re all familiar with the Sears (SHLD) story by now. Take a once-storied brand, sell off everything of that’s not nailed down and try to salvage the rest. So how is it that strategy working? Not so well.
According to Strategas Research Partners’ Chris Verrone and Todd Sohn, the cost of credit protection on Sears debt is rising, a situation they call “troubling.” This chart shows the cost of protecting Sears’ debt, which has risen to its highest level since 2012:
Shares of Sears have dropped 1.7% to $38.62 at 10:59 a.m.
- [By Maria Armental and Anna Prior]
Lands’ End Inc.(LE) said in its first earnings release since it was spun off from Sears Holding Corp.(SHLD) in April that its fiscal first-quarter profit rose nearly 50% on higher revenue and margins.
Top 10 Retail Stocks To Invest In 2015: Macy’s Inc (M)
Macys, Inc., together with its subsidiaries, operates stores and Internet Websites in the United States. Its retail stores and Internet Web sites sell a range of merchandise, including apparel and accessories for men, women, and children; cosmetics; home furnishings; and other consumer goods. The company also operates Bloomingdales Outlet stores that offer a range of apparel and accessories, including ready-to-wear, shoes, fashion accessories, jewelry, handbags, and intimate apparel products. As of January 28, 2012, it operated approximately 840 stores under the names of Macys and Bloomingdales; and 7 Bloomingdales Outlet stores, as well as macys.com and bloomingdales.com. The company was formerly known as Federated Department Stores, Inc. and changed its name to Macys, Inc. in June 2007. Macys, Inc. was founded in 1820 and is based in Cincinnati, Ohio.
- [By Suravi Thacker]
Therefore, Macy’s (M) is not an exception. The retailer too faced the unfavorable effects which resulted in lower sales during the most important holiday season. Not only did its revenue declined, in its latest quarter, but also same store sales fell 1.6%. However, there is more than what meets the eye. The company is making efforts which paid off in terms of earnings growth to $0.60 per share from $0.55 per share last year. Further, it witnessed growing sales in the month of April and margins also expanded.
- [By Ben Levisohn]
Shares of JC Penney have gained 0.9% to $8.63 at 2:01 p.m., impressive considering that its competitors have mostly fallen today. Macy’s (M), for instance, has dropped 0.6% to $58.12, while Kohl’s (KSS) has declined 0.5% to $52.80 and Dillard’s (DDS) is off 0.7% at $115.69.
Top 10 Retail Stocks To Invest In 2015: Lojas Renner SA (LREN3)
Lojas Renner SA is a Brazil- based company primarily involved in the operation of department stores. The Company divides its business into two segments. The Retail segment is engaged in sale of women’s, men’s and children’s apparels, underwear and shoes, as well as sportswear and other department stores’ articles in the domestic market. The Company also sells household articles, bedding and bath items, furniture and decoration articles. The Financial products segment is involved in the intermediation of financial services, including brokerage of personal loans, sales financing, brokerage of insurance and bonds, and credit card processing, among others. The Company operates through a numerous subsidiaries, including Dromegon Participacoes Ltda, Renner Administradora de Cartoes de Credito Ltda, Renner Empreendimentos Ltda and Maxmix Comercial Ltda. Advisors’ Opinion:
- [By Ney Hayashi]
Anhanguera Educacional Participacoes SA (AEDU3) tumbled after Brazil’s antitrust regulator signaled it may limit the education company’s merger with competitor Kroton Educacional SA. (KROT3) Lojas Renner SA (LREN3) led retailers higher after a report showed Brazil’s industrial production expanded faster than expected in October, easing concern that growth is faltering.
Top 10 Retail Stocks To Invest In 2015: Office Depot Inc.(ODP)
Office Depot, Inc., together with its subsidiaries, supplies office products and services. Its North American Retail division sells an assortment of merchandise, such as general office supplies, computer supplies, business machines and related supplies, and office furniture under various labels, including Office Depot, Viking Office Products, Foray, Ativa, Break Escapes, Niceday, and Worklife through its chain of office supply stores. It also provides printing, reproduction, mailing, shipping, and other services, as well as personal computer support and network installation service. As of December 25, 2010, this division operated 1,147 office supply stores in the United States and Canada. The company?s North American Business Solutions division sells nationally branded and private brand office supplies, technology products, furniture, and services to small- to medium-sized customers through a dedicated sales force, catalogs, and Internet. Its International division sells o ffice products and services through direct mail catalogs, contract sales forces, Internet sites, and retail stores using a mix of company-owned operations, joint ventures, licensing and franchise agreements, alliances, and other arrangements. As of December 25, 2010, it sold its office products to customers in 53 countries in North America, Europe, Asia, and Latin America. This division operated, through wholly-owned or majority-owned entities, 97 retail stores in France, Hungary, South Korea, and Sweden; and participates under licensing and merchandise arrangements in South Korea, Thailand, India, Israel, Japan, and the Middle East. The company was founded in 1986 and is headquartered in Boca Raton, Florida.
- [By Dan Burrows]
Office supply retailers have long seen their market eroded by online rivals, notably Amazon (AMZN). That’s why Office Depot (ODP) merged with OfficeMax last year.
- [By Rich Bieglmeier]
Office Depot Inc. (NYSE:ODP) will announce first quarter 2014 results for the fiscal period ending March 29, 2014 on Tuesday, May 6, 2014. A conference call to discuss the results will be held that day at 9:00 a.m. Eastern Time.
Top 10 Retail Stocks To Invest In 2015: Radioshack Corporation(RSH)
RadioShack Corporation engages in the retail sale of consumer electronic goods and services through its RadioShack store chain and kiosk operations. Its products include postpaid and prepaid wireless handsets and communication devices, such as scanners and global positioning system (GPS) products; home entertainment, wireless, music, computer, video game, and GPS accessories; media storage, power adapters, digital imaging products, and headphones; home audio and video end-products, personal computing products, residential telephones, and voice over Internet protocol products; digital cameras, digital music players, toys, satellite radios, video gaming hardware, camcorders, and general radios; general and special purpose batteries and battery chargers; and wires and cables, connectivity products, components and tools, and hobby products. The company also provides consumers access to third-party services, such as prepaid wireless airtime and extended service plans in its ser vice platform. In addition, it manufactures various products, including telephones, antennas, wires, and cable products, as well as various hard-to-find parts and accessories for consumer electronics products; and provides repair services. As of March 31, 2011, the company operated 4,467 company-operated retail stores under the RadioShack brand name in the United States; and 1,304 kiosks located in Target and Sam?s Club stores. As of December 31, 2010, it operated 211 company-operated stores under the RadioShack brand, 9 dealers, and 1 distribution center in Mexico; a network of 1,207 RadioShack dealer outlets, including 34 located outside of North America; and 4 distribution centers in the United States. Further, the company sells its products through its Website, radioshack.com. RadioShack Corporation was founded in 1899 and is based in Fort Worth, Texas.
- [By MONEYMORNING.COM]
In December of 1999, RadioShack Corp. (NYSE: RSH) stock was worth more than $76 per share. Today, RSH is worth less than $1.
It has joined a group of once-profitable industry leaders that can now be classified as penny stocks.
- [By WWW.DAILYFINANCE.COM]
Wall Street had another rising day, with the Dow Industrials and the S&P 500 reaching new record highs. But one tech stock tanked and the momentum took a bunch of others in the sector down with it. The Dow Jones industrial average (^DJI) closed 25 points higher, the Nasdaq composite (^IXIC) added 8 points, and the Standard & Poor’s 500 index (^GPSC) was up 3 points. One of the top gainers on the S&P 500 was used car giant CarMax (KMX). Its share price zoomed higher by 16.5 percent with revenue and profits hitting record levels. The still lackluster economic recovery is causing many to drive off lots in used cars instead of new vehicles. And the hottest model over the past two years? The Nissan Altima. Automotive retailer AutoNation (AN), which runs new and used dealerships, also got a boost, rising more than 5 percent. It was a different story for software giant Oracle (ORCL), which was one of the S&P 500’s biggest losers. Its stock fell 4 percent on sagging earnings. Social media stocks fell too. Pandora (P) was down 1.5 percent as was Groupon (GRPN), LinkedIn (LNKD) lost almost 1 percent and Amazon (AMZN) fell less than 1 percent two days after unveiling its first smartphone. But poor Radioshack (RSH). Its stock hit a new low, trading below a dollar a share for the first time after falling almost 10 percent. Since the beginning of the year the stock is down 64 percent. One analyst has a price target of zero on the stock. Ouch. (We hope you don’t have that one in your portfolio.) And Darden’s (DRI) earnings weren’t very appetizing. Profits came in much lower than expected and guidance was weak. The stock fell 4 percent. It is selling its Red Lobster chain and trying to focus on revamping Olive Garden. Solar stocks had a bright day, though. Shares of SunEdison (SUNE) shone brightly rising 1.5 percent on news it was acquiring some solar farms in Massachusetts. Other solar stocks also basked on the day. Canadian Solar gained 6 percent, and
Top 10 Retail Stocks To Invest In 2015: Walgreen Co (WAG)
Walgreen Co. (Walgreens), incorporated on February 15, 1909, together with its subsidiaries, operates the drugstore chain in the United States. The Company provides its customers with access to consumer goods and services, pharmacy, and health and wellness services in communities across America. The Company offers its products and services through drugstores, as well as through mails, by telephone and online. The Company sells prescription and non-prescription drugs, as well as general merchandises, including household items, convenience and fresh foods, personal care, beauty care, photofinishing and candy. On August 2, 2012, it acquired 45% interest in Alliance Boots GmbH (Alliance Boots). In September 2012, the Company completed the purchase of a regional drugstore chain in the mid-South region of the United States that included 144 stores operated under the USA Drug, Super D Drug, May’s, Med-X and Drug Warehouse names. In September 2012, WP Carey & Co LLC acquired fiv e retail stores leased to Walgreen Co. In December 2012, the Company completed a transaction giving company a ownership stake in Cystic Fibrosis Foundation Pharmacy LLC.
The Company’s pharmacy, health and wellness services include retail, specialty, infusion and respiratory services, mail service, convenient care clinics and worksite health and wellness centers. These services help improve health outcomes and manage costs for payers including employers, managed care organizations, health systems, pharmacy benefit managers and the public sector. The Company’s Take Care Health Systems subsidiary is a manager of worksite health and wellness centers and in-store convenient care clinics, with more than 700 locations throughout the United States.
As of August 31, 2012, Walgreens operated 8,385 locations in 50 states, the District of Columbia, Guam and Puerto Rico. In 2012, the Company opened or acquired 266 locations for a net increase of 175 locations af ter relocations and closings. As of August 31, 2012, the Com! pany had 7,930 of Drugstores, 366 of Worksite Health and Wellness Centers, 76 of Infusion and Respiratory Services Facilities, 11 of Specialty Pharmacies and two of Mail Service Facilities. The Company’s drugstores are engaged in the retail sale of prescription and non-prescription drugs and general merchandise. General merchandise includes, among other things, household items, convenience and fresh foods, personal care, beauty care, photofinishing and candy.
The Company offers specialty pharmacy services that provide customers nationwide access to a variety of medications, services and programs for managing complex and chronic health conditions. In addition, the Company offers its customers infusion therapy services, including the administration of intravenous (IV) medications for cancer treatments, chronic pain, heart failure, and other infections and disorders which must be treated by IV. Walgreens provides these infusion services at home, at the workplace, in a physician’s office or at a Walgreens alternate treatment site. The Company also provides clinical services, such as laboratory monitoring, medication profile review, nutritional assessments and patient and caregiver education.
Customers can also access the Company’s e-commerce solutions, which extend the convenience to purchase most products available within its drugstores, as well as additional products sold exclusively online through its walgreens.com and drugstore.com Websites, including beauty.com and visiondirect.com. The Company’s Websites allow consumers to purchase general merchandise including beauty, personal care, home medical equipment, contact lenses, vitamins and supplements and other health and wellness solutions. The Company’s mobile applications also allow customers to refill prescriptions through their mobile device, download weekly promotions and find the nearest Walgreens drugstore. The Company also offers services through Take Care Heal th Systems, which manages its Take Care Clinics at select Wa! lgreens d! rugstores throughout the country.
Alliance Boots is a pharmacy-led health and beauty retailing and pharmaceutical wholesaling and distribution business. As of March 31, 2012, its fiscal year end, Alliance Boots had, together with its associates and joint ventures, pharmacy-led health and beauty retail businesses in 11 countries and operated more than 3,330 health and beauty retail stores, of which over 3,200 had a pharmacy. In addition, Alliance Boots had approximately 625 optical practices, approximately 185 of which operated on a franchise basis. Its pharmaceutical wholesale and distribution businesses, including its associates and joint ventures, supplied medicines, other healthcare products and related services to more than 170,000 pharmacies, doctors, health centers and hospitals from over 370 distribution centers in 21 countries.
Alliance Boots’s stores located in the United Kingdom, Norway, the Republic of Ireland, the Netherlands, Thaila nd and Lithuania and through its associates and joint ventures in Switzerland, China, Italy, Russia and Croatia. In addition, as of March 31, 2012, there were 58 Boots stores operated in the Middle East on a franchised basis. In its Health & Beauty Division, Alliance Boots has product brands such as No7, Soltan and Botanics, together with other brands, such as Boots Pharmaceuticals and Boots Laboratories. Through its Pharmaceutical Wholesale Division and several of its associates, Alliance Boots sells Almus, its line of generic medicines, in five countries and Alvita, its line of patient care products, in six countries.
- [By Garrett Cook]
Walgreen Co (NYSE: WAG) reported a 7.5% rise in its same-store sales in June.
Walgreen’s overall sales climbed 8.9% to $6.28 billion. Its same-store sales in the pharmacy section climbed 11.3% in June.
- [By Mike Deane]
Walgreen Company (WAG) released its comparable sales figures for June on Thursday morning, posting increases in overall and front-end sales.
Walgreen’s Junes sales came in at $6.28 billion, an increase of 8.9% over last year’s June sales of $5.77 billion. Front-end sales were up 1.8% for June, and comparable front-end sales increased 1.3%. Basket size was also up, gaining 3.3%, but customer traffic in comparable stores fells by 2%. For pharmacy sales, WAG saw an increase of 13.4%, 11.3% in comparable store sales, and the figure comes in at 8.7% when accounting for a calendar shift that positively impacted sales.
Walgreen stock was up 27 cents, or 0.37%, in pre-market trading. YTD, the company’s stock is up 28.98%.
WAG Dividend Snapshot
As of Market CLose on July 2, 2014
Click here to see the complete history of WAG dividends.
- [By Garrett Cook]
Walgreen Co (NYSE: WAG) reported weaker-than-expected fiscal third-quarter earnings.
Walgreen’s quarterly profit increased to $722 million, or $0.75 per share, from a year-earlier profit of $624 million, or $0.65 per share. Its adjusted earnings gained to $0.91 from $0.85 per share.
- [By Mr. TopStep]
The Asian markets closed mostly higher and in Europe 9 out of 12 markets are trading lower . Today’s economic schedule starts with the Philadelphia Federal Reserve Bank President Charles Plosser’s speech on the economy and monetary policy in New York. Expect reports including Redbook, FHFA House Price Index, S&P Case Shiller HPI, New Home Sales, Consumer Confidence, Richmond Fed Manufacturing Index, Consumer confidence, Richmond Fed Manufacturing Index, and a 2-Yr Note Auction. Federal Reserve Bank of New York President William Dudley speaks on Puerto Rico’s economy and business conditions, Federal Reserve Bank of San Francisco President John Williams takes part in a panel discussion on “The Global Economy, the Budget and the Board” at the 20th Annual Stanford Directors College. Expect earnings from Carnival Corporation (NYSE: CCL) and Walgreen Co. (NYSE: WAG).
Top 10 Retail Stocks To Invest In 2015: L Brands Inc (LTD)
L Brands, Inc., formerly Limited Brands, Inc, incorporated on March 16, 1982, operates in the specialty retail business. The Company is a specialty retailer of women’s intimate and other apparel, beauty and personal care products and accessories. The Company operates in two segments: Victoria’s Secret and Bath & Body Works. It sells its merchandise through Company-owned specialty retail stores in the United States, Canada and the United Kingdom, which are primarily mall-based, and through Websites, catalogue and international franchise, license and wholesale partners. The Company operates in brands, such as Victoria’s Secret, Victoria’s Secret Pink, Bath & Body Works, La Senza, and Henri Bendel. The Company’s business for both the Victoria’s Secret and Bath & Body Works segments is principally conducted from office, distribution and shipping facilities located in the Columbus, Ohio area.
As of February 2, 2013, it operated 255 retail stores located in leased facilities, primarily in malls and shopping centers, throughout the Canadian provinces. As of February 2, 2013, it operated two retail stores in London. As of February 2, 2013, it operated 2,619 retail stores located in leased facilities, primarily in malls and shopping centers, throughout the United States. As of February 2, 2013, it also had 339 licensed La Senza stores in 32 countries; 38 franchised Bath & Body Works stores in nine countries; three franchised Victoria’s Secret stores in two Middle Eastern countries, and 108 independently owned Victoria’s Secret Beauty and Accessories stores and various small-format locations in over 50 countries.
Victoria’s Secret, including Victoria’s Secret Pink, is a specialty retailer of women’s intimate and other apparel with fragrances and cosmetics, supermodels and runway shows. The Company sells its Victoria’s Secret products at more than 1,000 Victoria’s Secret stores in the United States, Cana da, United Kingdom and through the Victoria’s Secret catal! ogue and online at www.VictoriasSecret.com. Additionally, Victoria’s Secret brand products are also sold in stores operated by partners under a franchise or wholesale model throughout the world.
Bath & Body Works is a specialty retailer of home fragrance and personal care products, including shower gels, lotions, soaps and sanitizers. The Company sells its Bath & Body Works products at more than 1,600 Bath & Body Works stores in the United States and Canada and online at www.BathandBodyWorks.com. Additionally, Bath & Body Works brand products are available at franchise locations throughout the world.
La Senza is a specialty retailer of women’s intimate apparel. The Company sells its La Senza products at more than 150 La Senza stores in Canada and online at www.LaSenza.com. Additionally, La Senza has more than 330 stores in 32 countries operating under franchise and licensing arrangements. Henri Bendel sells upscale accessory products through its New York flagship and 28 other stores, as well as online at www.HenriBendel.com.
- [By Reuters]
Joshua Lott/Getty Images NEW YORK — Several major U.S. retailers posted disappointing sales for November after cautious shoppers pinched their pennies at the start of a shorter holiday season. Some of the companies that reported sales gains ramped up bargains to bring in shoppers who appeared hesitant to splurge. Costco Wholesale (COST) said Thursday that sales at stores open at least a year rose 2 percent, below the 3.3 percent increase analysts were looking for, according to Thomson Reuters. The warehouse club chain said consumer electronics sales fell. Same-store sales at L Brands (LTD), owner of the Victoria’s Secret lingerie chain, also came in below expectations. Its drop of 5.5 percent was far deeper than the 1.1 percent decline analysts were projecting. Wall Street analysts are expecting 11 top retailers to report a 2.7 percent increase in same-store sales for November, according to Thomson Reuters. Excluding drugstore operators, which get two-thirds of revenue from prescriptions, that gain is estimated at 2.3 percent. Gap (GPS) will report its November sales after U.S. markets close. Retailers have been contending with low consumer confidence and the need to prod shoppers with bargains this holiday season, which has six fewer days because of a late Thanksgiving. The National Retail Federation on Sunday said U.S. shoppers had spent 2.9 percent less this year over the Thanksgiving weekend, the kickoff to the holiday season. The Conference Board, an industry group, said last week that U.S. consumer confidence fell in November after a sharp drop in October as Americans worried about their future jobs and earnings prospects. Earlier this week, J.C. Penney (JCP) reported a 10.1 percent comparable sales increase, partially reversing a disastrous decline in 2012, but the department store chain had to resort to aggressive bargains. The “environment will remain as competitive” through the holiday season, Chief Executive Officer Myron Ullman said. I
- [By Ben Levisohn]
Shares of the Gap have jumped 8.9% to $41.12, while L Brands (LTD) has gained 1.6% to $62.77, Urban Outfitters (URBN) has risen 2.1% to $39.27 and Ann (ANN) has advanced 1.5% to $35.47.
- [By Lauren Pollock]
L Brands Inc.(LTD) expects its fiscal third-quarter earnings to come in at the high end of its previous guidance as the retailer posted stronger-than-expected same-store sales for October. Shares edged up 1.3% to $63.85 premarket.
- [By Louis Navellier]
Epsilon’s expertise is in direct marketing and advertising solutions, specializing in brand building, customer intelligence and predictive modeling. Finally, the company’s Private Label Services and Credit division offers credit card processing, billing and payment processing as well as collection services for private label retailers. Through these three units, the company serves clients in financial services, specialty retail, petroleum retail, automotive, hospitality, pharmaceuticals and a wide range of other markets. Its top clients include Merck (MRK), Ford (F), L Brands (LTD), FedEx (FDX) and Shell Oil (RDS.A, RDS.B).