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☆ Black Friday was better than feared for retail stocks — Two potential big winners
▼ + stars: | 2022-11-28 | by ( Michelle Fox | ) www.cnbc.com time to read: +5 min

Black Friday was better than expected for retailers this year, with discount names Walmart and Costco poised to be among the season's winners, according to Bank of America. The big-box retailer made significant price investments to offer deeper discounts and traffic appeared very strong in stores, Ohmes noted. "Specialty retailers appeared to be relative winners while we observed decent trends across the discounters and department stores," said analyst Krisztina Katai. Morgan Stanley also called out strong traffic results for Lululemon and American Eagle, as well as Abercrombie & Fitch and Victoria's Secret. "These strong traffic results were achieved despite 1) similar or lower y/y discounting levels, & /or 2) discounting activity below total sector averages.

☆ This holiday season will be about in-person shopping, says Telsey Advisory Group CEO
▼ + stars: | 2022-11-25 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailThis holiday season will be about in-person shopping, says Telsey Advisory Group CEODana Telsey, CEO and chief research officer of Telsey Advisory Group, joins CNBC's 'Squawk Box' to discuss what to expect from the consumer this Black Friday.

☆ Retail expert Dana Telsey breaks down the holiday season's potential winners and losers
▼ + stars: | 2022-11-25 | by ( Alex Harring | ) www.cnbc.com time to read: +3 min

"I think this holiday season's gonna be about in-person shopping," Telsey said on "Squawk Box" Friday morning. The winners Bath & Body Works is one company that typically does well but surprised during its third quarter while other retailers struggled, she said. For the fourth quarter, Bath & Body Works expects per-share earnings between $1.45 and $1.65 compared with a StreetAccount forecast of $1.54. Bath & Body Works stock has shed 42.1% in 2022, more than the S & P 500's 14.3% drop. "When you walk the shopping center during Black Friday, that's where you're gonna see some of the longest lines," Telsey said, referring to Bath & Body Works.

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☆ Stocks making the biggest moves midday: Abercrombie & Fitch, Disney, Best Buy, Zoom and more
▼ + stars: | 2022-11-22 | by ( Alex Harring | ) www.cnbc.com time to read: +5 min

Abercrombie & Fitch – Shares of the retail stock jumped 19% after the apparel retailer beat Wall Street's revenue forecasts for the third quarter and posted unexpected quarterly profit. Deutsche Bank reiterated the stock as buy and said it doesn't see any meaningful changes coming to its direct-to-consumer strategy. Best Buy – Best Buy's stock surged 11% after the consumer electronics retailer beat Wall Street's estimates and maintained its outlook for the holiday period. Demand remains below its pandemic heights, but Best Buy indicated its faring well even as inflation weighs on consumers' pockets. The stock slipped even after the company beat top and bottom line estimates for its latest quarter and better-than-expected comparable store sales.

Reuters GraphicsMelissa Benhaim, a 32-year old publicist in Miami, started her holiday shopping slightly later than usual this year. A Saturday shopping day between Thanksgiving and Christmas this year gives shoppers extra time to hold out for better bargains. Holiday shopping is expected to slow broadly. Reuters GraphicsBut toy prices, even with discounts, are up about 2.4%, DataWeave found. Shoppers are paying $16.99 for the toy this year at Kohl's, after discounts, compared to $11.54 last year, according to DataWeave.

☆ Home Depot gives 'mixed signals' with quarterly beat, dim holiday view
▼ + stars: | 2022-11-15 | by ( Deborah Mary Sophia | ) www.reuters.com time to read: +2 min

Nov 15 (Reuters) - Home Depot Inc (HD.N) tapped higher prices to override a drop in customer transactions for the third quarter and left its annual forecasts unchanged, signaling a weak holiday season amid a housing market slowdown. The fourth quarter will be the weakest of the year for comparable sales, it said, amid mounting uncertainties around the housing market. Home Depot saw customer transactions fall 4.3%, but higher prices of lumber, copper and other building materials helped drive average ticket - or the average amount of sales per customer - 8.8% higher, offsetting some pressure. Net earnings increased to $4.34 billion, or $4.24 per share, while analysts on average expected a profit of $4.12 per share. Shares of the company reversed course to gain about 2%, after Walmart Inc (WMT.N) raised its annual sales and profit forecasts, sending retail stocks higher.

☆ Bullish on Estee Lauder, Starbucks, even as China set to hold back earnings
▼ + stars: | 2022-11-01 | by ( Paulina Likos | ) www.cnbc.com time to read: +5 min

Wall Street's worried China's draconian Covid-19 restrictions — which have weighed heavily on the world's second largest economy for nearly three years — could drag down earnings at Estee Lauder (EL) and Starbucks (SBUX) when the two U.S. companies report this week. Estee Lauder reports its 2023 fiscal first-quarter results Wednesday before the opening bell. Coffee chain Starbucks, which relies on China for roughly 13% of sales, is another U.S. retailer facing "mounting China concerns," according to Baird. Similarly with Estee Lauder, we're convinced that once Covid restrictions are lifted, Chinese demand for its beauty products will improve. Beyond the China headwind, we maintain our thesis that Estee Lauder is a leader is its industry that can withstand short-term pressures.

☆ Adidas ends Ye deal over hate speech, costing rapper his billionaire status
▼ + stars: | 2022-10-27 | by ( Uday Sampath Kumar | ) www.reuters.com time to read: +4 min

Adidas put the tie-up, which has produced several hot-selling Yeezy branded sneakers, under review this month. "Adidas does not tolerate antisemitism and any other sort of hate speech," the German company said on Tuesday. Forbes magazine said the end of the deal meant Ye's net worth shrank to $400 million. The magazine had valued his share of the Adidas partnership at $1.5 billion. On Tuesday, Gap, which had ended its partnership with Ye in September, said it was taking immediate steps to remove Yeezy Gap products from its stores and that it had shut down YeezyGap.com.

☆ Adidas ends Kanye West partnership over antisemitism, hate speech
▼ + stars: | 2022-10-25 | by ( ) www.reuters.com time to read: +3 min

"Adidas does not tolerate antisemitism and any other sort of hate speech," the German company said. Register now for FREE unlimited access to Reuters.com RegisterA lawyer representing Kanye West did not respond to a request for comment. Adidas put the partnership under review earlier in October "after repeated efforts to privately resolve the situation." Ye has courted controversy in recent months by publicly ending major corporate tie-ups and due to outbursts on social media against other celebrities. His Twitter and Instagram accounts were restricted, with the social media platforms removing some of his online posts that users condemned as antisemitic.

☆ Telsey downgrades Under Armour, says it will continue to struggle with excess inventory
▼ + stars: | 2022-10-21 | by ( Sarah Min | ) www.cnbc.com time to read: +1 min

Under Armour will continue to struggle with excess inventory, according to Telsey Advisory Group. Analyst Cristina Fernández downgraded shares of Under Armour to market perform from outperform, pointing to warnings in recent weeks from competitors adidas and Nike on high inventory. Shares of Under Armour are down nearly 63% this year, while peers Nike and Adidas have fallen roughly 48% and 63%, respectively. The new target implies roughly 21% upside from where shares closed Thursday, at $6.62. Shares of Under Armour fell 2% in the premarket Friday.

☆ Stocks making the biggest moves premarket: American Express, Verizon, Snap and others
▼ + stars: | 2022-10-21 | by ( Peter Schacknow | ) www.cnbc.com time to read: +3 min

American Express also raised its full-year forecast, amid a surge in customer spending, and increased the amount in reserve for potential defaults. Verizon (VZ) – Verizon earned an adjusted $1.32 for the third quarter, beating the consensus estimate by 3 cents, with revenue also better than expected. Snap (SNAP) – The Snapchat parent's stock tumbled 28.2% in the premarket after forecasting no revenue growth for the current quarter. Whirlpool (WHR) – The appliance maker's profit and revenue for the latest quarter came in below Wall Street forecasts. Under Armour (UAA) – The athletic apparel maker's stock lost 2.6% in the premarket after Telsey Advisory Group downgraded it to market perform from outperform.

☆ Holiday bargains will dent retail profits. How investors can avoid taking a beating
▼ + stars: | 2022-10-12 | by ( Samantha Subin | ) www.cnbc.com time to read: +11 min

Stifel's research found that consumers plan to spend 9% more this holiday season over 2021. Roughly three-quarters of respondents to a PwC holiday poll indicated they plan to spend the same or more this holiday season. Rather than marking down inventory, companies should hold on to it for the next year if their balance sheets can withstand it, said Siegel. Across the board, many flagship retail stores heavily focused on apparel and footwear like Kohl's and Macy's may struggle to lure customers intent on saving money on discretionary purchases. He points to names heavily focused on electronics and home goods purchased by consumers during the pandemic as one of the weaker areas this holiday season.

The two-day "Prime Early Access Sale" shopping event for Amazon members, which starts Tuesday, is much like the Prime Day summer marketing blitz and will compete with early discounts from rival retailers. Register now for FREE unlimited access to Reuters.com RegisterWalmart Inc (WMT.N) is holding a "Rollbacks and More" sale event from Oct. 10-13 to counter Amazon's discount days, with deals on everything from Hot Wheels toys to luggage. U.S. online holiday sales are expected to rise this year at their slowest pace since at least 2015 and grow only 2.5% to $209.7 billion, according to Adobe Analytics. read moreThe early start to the holiday shopping season, however, does not come as a surprise. read more"This holiday season, retailers are resorting to blunt force promotions to coax shoppers," Spieckerman said.

☆ Second strike at Liverpool to add to European port congestion, slow product delivery
▼ + stars: | 2022-10-10 | by ( Lori Ann Larocco | ) www.cnbc.com time to read: +4 min

A striking dockworker on a picket line outside the Port of Liverpool during a strike in Liverpool, UK, on Tuesday, Sept. 20, 2022. Bloomberg | Bloomberg | Getty ImagesLogistics experts are warning another strike set at the Port of Liverpool for Tuesday will only add to the existing delays in product delivery caused by the prior strikes at Felixstowe and Liverpool. Dockworkers in Liverpool, a significant U.K. port and a port where the U.S. is the No. Trade productivity at Felixstowe, the U.K.'s largest container port, and Liverpool have suffered as a result of various labor strikes since August. Braun told CNBC that the disruptions of past strikes and the upcoming Liverpool strike will unquestionably aggravate the existing congestion.

☆ Costco tops quarterly results on robust consumables demand
▼ + stars: | 2022-09-22 | by ( Ananya Mariam Rajesh | ) www.reuters.com time to read: +2 min

A Costco truck makes a delivery to a Costco store in Carlsbad, California, U.S., May 8, 2017. REUTERS/Mike Blake/File PhotoRegister now for FREE unlimited access to Reuters.com RegisterSept 22 (Reuters) - Costco Wholesale Corp (COST.O) topped Wall Street estimates for quarterly results on Thursday, helped by strong demand for its fresh food, candies and fuel offerings despite rising inflation. Register now for FREE unlimited access to Reuters.com RegisterThe membership-only retail chain's strong quarterly results comes at a time when Target Corp reported a fall in quarterly profit as consumers squeezed by higher prices curtailed spending on non-essential items. "That bodes well, since they sell a lot of food and consumables and they help people save money." Register now for FREE unlimited access to Reuters.com RegisterReporting by Ananya Mariam Rajesh in Bengaluru; Editing by Shailesh KuberOur Standards: The Thomson Reuters Trust Principles.

☆ What really surprised Wall Street about Walmart's earnings warning
▼ + stars: | 2022-07-26 | by ( Bob Pisani | ) www.cnbc.com time to read: +3 min

The key takeaway for investors was to refocus attention on inflation, and that it's not just the direction of inflation — it's the magnitude. More broadly, this will also lead to Wall Street momentarily refocusing its attention. While concerns about the magnitude of a slowing economy have occupied Wall Street's attention for weeks, inflation is still the number one issue. I noted last week that the phrase "mild recession" had become a meme as a way to price in a recession without making it sound too bad. Even JPMorgan's Marko Kolanovic jumped on the "mild recession" bandwagon, telling investors Monday that "a mild recession appears already priced in."

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