As the holiday shopping season kicked into high gear with Black Friday and Cyber Monday, markets will be watching sales reports closely, especially with the fewest possible days between Thanksgiving and Christmas. So, we thought it would be interesting to focus in on some of the current trends in retail and take a look at what the stock market is seeing.
U.S. consumers are planning on spending more for the 3rd year in a row…
The current environment looks very difficult for the average apparel-oriented mall retailer…
A sampling of the fall quarter comparable (comp) store sales reported in the last three weeks…
• Walmart comp sales at +3.2% and e-commerce sales up 41%
• Target comp sales +4.5%
• Ross Stores comp sales +5%
• TJMaxx comp sales +4%
• Macy’s comp sales -3.9%
• Gap comp sales: Old Navy Global: -4%; Gap Global -7%; Banana Republic Global -3%
• Kohl’s comp sales +0.4%. Company acknowledged that it “experienced softness during the middle of the quarter, as it saw an increasingly competitive promotional environment”. The company expects the heightened promotional environment to continue through the balance of the year.
Find out which stocks are poised to be the top of the retail stocks list for 2019, and which are laying at the bottom, plus, much more in our special retail edition of the Weekly Research Briefing.
Read more in latest edition of the Weekly Research Briefing, Holiday Retail Special >