Showing posts with label investing. Show all posts
Showing posts with label investing. Show all posts

Friday, 6 October 2017

The Noos

The table below has news stories that were published within the last 1-3 days. There are of course stories that came out over the week that are important as well. These are some of those older but still important stories.

1. Qualcomm rejects $130Billion takeover offer from Broadcom (FT)
- The bid ($70/sh) is too low for the Board at Qualcomm. Apple is anxious about this merger as well since both these companies are significant suppliers for Apple.

2. Bombardier gets a 61 plane order. (CBC)
- In the continuing saga, Bombardier announced their 3rd quarter earnings last week and with them came this gem. An as yet unnamed European carrier signed a 31 plane order for the C-Series with an option for 30 more. That order increased the total booked orders by 15% for the company and by 30% for the C-Series. This is 2 weeks since the Airbus deal. Somewhere in Brazil, an Embraer executive is having dreams about harming the fools at Boeing for ruining everything.

3. Valeant to return ‘female Viagra’ maker to former owners (FT)
- This is a Canadian Icarus story of a Management Consultant run pharma company that flew too high too fast and burned everyone including itself. The company was at one point worth $120 billion (now: $4 Billion). The story is familiar to other corporate disaster stories. Too much debt, bad planning, shady accounting and scandal. 2 years after the shares hit an all time high of $300/sh (now: $11) the CEO is gone, the new guy is trying to right the ship by selling everything he can to stave off bankruptcy. They still have way too much debt. Fun fact: they own Bausch+Lomb.

4. Trump tells Saudi Aramco to ignore LSE and list in NYC instead (Reuters)
- Our so called special relationship proves as fictitious as Nigel Farage's conscience as Trump tries to lure away the single largest IPO in history. The LSE has been lobbying hard to get the listing as it will bring more trading activity which means more money (and prestige). Even the regulators were ready to bend some rules to facilitate it. I would hate to believe that Trump's backing is going to be decisive since the Chinese have a vested interest against the move but this is Saudi Arabia and this is an oil company and this is the US president. That trio could be decisive.

5. Need help to buy a ship or jet? Credit Suisse looks to lure super-rich (Reuters)
- The Swiss bank's strategy of financing the extravagances of the UHNW (ultra high net worth) set to make some money. The idea was to loan them money to buy their private jets and yachts and it's paying off well. Their private banking business is outpacing the giant of the game (UBS). Can't blame them really. It's not like ordinary folk have much money to spend after rent and food.

Other news:

- The Saudi purge has the oil market spooked.
- The Paradise papers may lead to the creation of an EU blacklist (tax lawyers are going to scramble if this happens)


What does the BoE rate rise mean for you, law firms, banks, the economy?

- The UK Economy: Things don't look good. No matter how Carney tries to spin it, the dissenting voices at the Old Lady of Threadneedle St have it right. Real wages are below their pre-crisis levels. The GDP appears to have growth only on the back of an increase in population. That is unreliable now with Brexit. Carney kept harping on about tighter employment markets which is true. Unemployment is very low. However, at this point anyone hoping for  real wage increases is more likely to end up with sore fingers. Businesses have shown they need not hike wages at all. To back up their belief productivity is flat. I personally think that is because capital costs have risen much faster in the era of low rates and that is keeping wages down more than anything. Remember, productivity includes the productivity of machines (relative to their costs) and machines are imported and in high global demand.

- You: It means you'll be getting slightly higher interest on your savings at the bank. Most banks announced they will increase their rates. The increase won't be the full 0.25% but then again, the banks never lowered it by the same magnitude last year when the BoE got scared

- Law firms: on the face of it not much changes really. However, given the comments made by Mark Carney concerning inflation, growth and prospects and the markets reaction, I would guess that most firms are taking a hard look at compensation, retention and recruitment. If you assume that partners are going to do everything before they take a pay cut then the most likely strategy would be to cull the ranks a but while boosting the valuable fee earners. Mergers would be a close second which of course means lay-offs. This is in addition to the pressure they will be facing in seeing a path to continued growth if their work is domestic. Expect smaller, regional players who do nothing niche to hurt the most. There are pending savings of course from the removal to the LPC in 1.5 years

- Banks: They're laughing. For every £1 Billion in tracker mortgages on their books, they will earn an additional £2.5 Million in income over the next year. Retail banks like Lloyds would benefit the most. Metro bank too. But the poor growth prospects mean they won't be able to rely on mortgages to make money. I expect them to step up their commercial lending business seriously with a particular focus on exporters.

- FTSE 100: A rate hike should hurt the revenues of the FTSE companies since so many of them are British in name only and get their revenue overseas. However, given the weak GBP and the general sentiment of negativity around it, the FTSE 100 should be a perfectly good investment to ride out Brexit.


















Sunday, 25 June 2017

Retailer Data: E-Commerce Sales as % of Total Sales

- The data is on a trailing 12 month basis compiled from the 10 k/q filed with the SEC.

- The name in brackets (where seen) is the parent company and the data represents only the subsidiary sales

- Where the chain offers e-comm sales but the entry is blank, it's because the retailer doesn't divulge that information or does not have an online offering.

- The difference (if there is one) between the total, retail and the e-comm source comes from 'other revenues' which are normal membership (costco) or rental income or finance income (retailers with credit cards)

As of 25/07/2017


Company TL Rev ($MN) E-Comm % of Revenue TL Rev Growth Store Sales Growth E-Comm Growth
Wal-Mart Stores, Inc. 485,873 3.10% 0.80% 0.40% 11.00%
Walmart (Wal-Mart Stores, Inc.) 423,952 3.20% 0.50% 0.20% 9.30%
Apple 220,457 8.30% -3.10% 4.30% 40.80%
CVS 178,825 11.60% 6.90%

Amazon.com 142,573 68.60% 25.70% 18.20%
Costco Wholesale 123,285 3.50% 4.50% 5.00% 10.80%
Walgreens Boots Alliance 116,629 1.70% 0.10% 0.70% 2.90%
Kroger 115,337 5.00% 6.10%

The Home Depot 95,720 6.20% 5.90% 5.10% 19.70%
Target 69,317 4.60% -4.90% -5.90% 23.20%
Lowe's 66,643 3.30% 10.70% 10.40% 22.30%
Sam's Club (Wal-Mart Stores, Inc.) 57,365 2.70% 0.90% 1.20% 28.70%
Loblaw 41,603 18.30% 18.50%

Best Buy 39,488 12.70% 0.20% -2.20% 20.60%
Safeway 35,468 1.20% 2.30%

Publix Super Markets 34,169 3.60% 3.50%

Nike 33,917 6.60% 6.30% 12.30% 39.90%
The TJX Companies 33,425 5.70% 5.70%

Rite Aid 32,845 6.90% -0.20%

Ahold U.S.A. 25,791 -0.70% 0.20%

Macy's 25,345 18.70% -4.80% -8.00% 12.50%
Dollar General 22,331 7.80% 7.80%

TJ Maxx/Marshalls (The TJX Companies) 21,348 5.10% 5.10%

Sears Holdings 21,045 9.70% -14.70% -15.90% -3.10%
Dollar Tree 20,920 13.70% 13.70%

Kohl's 18,557 15.80% -2.60% -5.10% 13.40%
Delhaize America 18,018 6.00% 6.00%

Staples 17,084 13.70% -3.90% -7.40% -1.00%
Whole Foods Market 15,855 1.70% 1.70%

Gap Inc. 15,518 16.90% -0.40% -1.50% 5.00%
Nordstrom 14,863 22.20% 2.70% -1.40% 14.10%
Ross Stores 13,084 8.20% 8.20%

Sears (Sears Holdings Corp.) 13,041 10.60% -11.20% -11.80% -1.70%
Supervalu 12,479 -3.30% -3.40%

JC Penney 12,442 12.60% -1.10% -2.60% 10.90%
L Brands 12,397 16.00% 1.20% 0.60% 1.00%
Bed Bath & Beyond 12,216 6.60% 0.90% -0.30% 22.70%
Murphy USA 12,104 -1.30% 1.30%

Sherwin-Williams 12,043 5.10% 8.50%

VF Corp. 11,836 5.50% -0.70% 6.20% 23.10%
Toys "R" Us 11,427 13.20% -3.10% -4.80% 9.90%
Hudson's Bay Co. 11,212 13.90% 54.10% 51.10% 75.60%
Office Depot 10,820 -5.70% -6.90%

AutoZone 10,775 2.40% 2.50%

Family Dollar 10,697 3.10% 3.10%

CST Brands 9,725 5.80% 13.30%

Canadian Tire 9,600 -1.50% 1.20%

Advance Auto Parts 9,479 -2.10% -2.10%

GameStop 8,682 12.40% -6.40% -7.10% -1.40%
O'Reilly Auto Parts 8,653 6.00% 6.00%

QVC 8,634 47.40% -2.10% 4.10%
Dick's Sporting Goods 8,087 11.90% 9.80% 8.00% 24.90%
Kmart (Sears Holdings Corp.) 8,004 8.20% -19.70% -20.90% -5.80%
Foot Locker 7,780 13.50% 4.00% 3.20% 9.20%
SpartanNash 7,735 1.10% -2.20%

Victoria's Secret (L Brands) 7,573 19.90% -2.00% -1.40% -4.60%
The Pantry 7,418 -3.80% 1.90%

PetSmart 7,112 1.30% 2.80% 2.60% 16.80%
Casey's General Stores 7,039 -3.60% 8.50%

Ascena Retail Group 6,908 18.70% 18.40% 13.70% 50.20%
Tractor Supply Co. 6,876 8.10% 8.10%

Old Navy (Gap Inc.) 6,874 17.30% 4.20% 3.00% 9.90%
Susser Holdings 6,682 11.60% 11.70%

Ralph Lauren 6,652 8.80% -10.20% -6.40% -10.10%
Dillard's 6,332 5.30% -5.20% -5.30% 2.40%
Signet Jewelers 6,233 5.80% -5.50% -5.90% 0.30%
Hanesbrands 6,028 0.80% 5.20% -9.30% 3.50%
TravelCenters of America 5,738 2.30% 7.20%

Burlington Stores 5,654 8.20% 8.30%

Delek US Holdings 5,451 -21.30% 3.50%

Gap (Gap Inc.) 5,390 13.40% -4.90% -6.30% 1.50%
Michaels Stores 5,197 5.80% 5.80%

Big Lots 5,185 -0.70% -0.70%

Williams-Sonoma 5,098 51.70% 1.10% -0.70% 2.80%
Ulta Beauty 5,096 7.60% 23.40% 21.00% 63.20%
Under Armour 4,895 13.00% 16.40% 18.30% 32.00%
Neiman Marcus 4,714 30.60% -5.50% -7.90% 0.60%
Michael Kors 4,628 3.90% 0.70% 9.80% 55.70%
Levi Strauss & Co. 4,553 3.90% 1.30% 7.70% 17.80%
HomeGoods (The TJX Companies) 4,515 11.60% 11.60%

Coach 4,509 4.00% 3.90% 4.20% -2.80%
Smart & Final Stores 4,400 8.50% 8.50%

Sprouts Farmers Market 4,184 12.20% 12.20%

Belk 4,150 7.60% 2.60% 0.40% 40.10%
Cabela's 4,100 18.40% 1.60% 2.40% -6.60%
Roundy's 4,030 10.90% 11.00%

Tiffany & Co. 4,010 6.30% -0.60% -1.30% -0.90%
Sally Beauty 3,941 0.80% 1.30%

Barnes & Noble 3,895 22.10% -6.50% -8.50% 1.50%
Stater Bros. Markets 3,877 -0.70% -0.70%

Bath & Body Works (L Brands) 3,870 12.10% 6.50% 4.40% 24.60%
Ingles Markets 3,849 2.00% 1.80%

The Jones Group 3,765 3.50% -0.90% -1.60% 19.90%
AMC Theatres 3,753 22.70% 22.20%

Skechers 3,673 0.80% 9.00% 14.50% 17.10%
Saks (Hudson's Bay Co.) 3,661 21.70% 7.60% 3.40% 26.10%
American Eagle Outfitters 3,622 23.60% 1.40% -4.40% 26.50%
Wayfair 3,594 100.00% 39.70% 39.70%
HSN 3,568 53.10% -3.30% 2.70%
Urban Outfitters, Inc. 3,544 37.20% 2.20% -4.40% 11.50%
Tailored Brands, Inc. 3,333 5.20% -3.10% -4.60% -0.40%
Abercrombie & Fitch Co. 3,302 26.30% -5.50% -8.60% 4.40%
Weis Markets 3,251 12.00% 12.20%

Regal Cinemas 3,231 0.30% -0.40%

NBTY 3,226 9.60% 0.60% 1.40% 0.80%
Carter's, Inc. 3,199 13.20% 6.10% 7.10% 23.60%
Aaron's 3,198 -0.50% -8.70%

Groupon 3,143 58.50% 0.80% 5.30%
Mattress Firm 3,143 37.20% 37.10%

RadioShack 2,996 -18.40% -18.90%

Cinemark Theatres 2,994 2.80% 3.20%

Genesco 2,981 7.60% 1.60% 0.50% 11.20%
Fossil 2,964 3.10% -6.30% -11.00% -7.30%
PriceSmart 2,948 2.10% 2.00%

Rent-A-Center 2,870 -11.30% -15.20%

DSW 2,721 16.20% 2.80% -2.10% 37.90%
Bon-Ton Stores 2,619 10.30% -5.50% -7.80% 17.60%
The Jean Coutu Group 2,569 3.50% 3.70%

Caleres 2,549 4.90% -1.40% -1.70% 47.00%
Ann Inc. 2,541 16.30% 1.20% -0.40% 10.90%
GNC 2,516 7.20% -6.20% -5.70% -21.70%
Hudson's Bay (Hudson's Bay Co.) 2,491 6.60% 9.80% 8.20% 38.80%
Tops Markets 2,475 1.20% 2.90%

G-III Apparel Group 2,458 3.80% -5.50%

Banana Republic (Gap Inc.) 2,438 13.10% -5.70% -6.90% 0.60%
Chico’s FAS, Inc. 2,417 14.40% -6.70% -6.50% -8.10%
J.Crew 2,390 38.50% -4.10% -9.80% 4.80%
Carter's (Carter's, Inc.) 2,383 12.40% 5.50% 5.80% 20.60%
Party City 2,316 6.40% -0.10% 1.40% 1.70%
lululemon athletica 2,259 19.30% 15.30% 12.30% 17.70%
Restoration Hardware 2,242 44.70% 4.60% 7.20% -1.50%
Dollarama 2,238 11.80% 11.80%

Guess 2,219 4.10% 2.10% -7.60% 0.30%
Express 2,157 20.10% -8.30% -12.30% 10.70%
Fred's 2,108 -3.80% -3.50%

99 Cents Only Stores 2,097 4.30% 4.60%

Pep Boys 2,089 5.90% 1.00% -0.90% 45.60%
Sears Hometown and Outlet Stores 1,981 14.80% -11.60% -14.20% 7.00%
Zale Corp. 1,867 5.80% -0.60% -1.20% 10.20%
The Fresh Market 1,857 5.90% 5.90%

Hollister (Abercrombie & Fitch Co.) 1,852 24.00% -1.00% -4.20% 10.90%
Finish Line 1,844 17.70% 2.50% -4.90% 11.40%
Pier 1 Imports 1,828 19.80% -3.40% -7.40% 18.50%
Overstock.com 1,819 100.00% 8.70% 8.70%
The Children's Place 1,803 20.50% 3.60% -0.80% 20.30%
Deckers Outdoor 1,799 15.80% -2.10% 0.00% 10.90%
Leon's Furniture 1,794 1.50% 1.70%

hhgregg 1,770 8.20% -11.80% -13.70% 16.00%
Men's Wearhouse (Tailored Brands, Inc.) 1,749 3.00% -1.50% -1.70% 5.40%
Regis Corp. 1,715 -5.00% -5.10%

Village Super Market 1,627 1.50% 1.50%

Loft (Ann Inc.) 1,596 13.00% 3.10% 1.70% 12.80%
Chico's/Soma Intimates (Chico’s FAS, Inc.) 1,593 17.10% -4.80% -7.40% 10.60%
Famous Footwear (Brown Shoe Company) 1,581 5.50% 0.80% -1.30% 57.90%
Conn's 1,564 -4.50% -5.00%

The North West Company 1,548 9.10% 9.60%

La-Z-Boy 1,520 -0.30% 10.10%

Aeropostale 1,507 11.40% -18.00% -19.70% -5.60%
Abercrombie & Fitch (Abercrombie & Fitch Co.) 1,450 29.30% -10.70% -14.00% -1.60%
Anthropologie (Urban Outfitters, Inc.) 1,444 38.50% -0.10% -5.10% 9.00%
Stage Stores 1,443 3.30% -10.10% -10.60% 7.10%
Steve Madden 1,437 4.50% 1.80% 6.60% 6.30%
Urban Outfitters (Urban Outfitters, Inc.) 1,401 37.50% 0.30% -5.10% 10.90%
Kate Spade & Co. 1,378 24.50% 9.20% 8.20% 21.50%
Quiksilver 1,346 6.10% -14.40% -6.90% 6.50%
Stein Mart 1,342 2.30% -1.50% -2.00% 28.50%
Lands' End 1,331 86.10% -4.50% -7.30% -4.10%
Lord & Taylor (Hudson's Bay Co.) 1,323 11.30% 1.40% -0.70% 21.20%
Claire’s Stores 1,311 -5.20% -4.60%

Select Comfort 1,311 6.70% 8.00% 7.10% 24.80%
Life Time Fitness 1,310 6.70% 6.80%

zulily 1,281 100.00% 35.40% 35.40%
Journeys (Genesco) 1,272 3.50% 5.50% 5.20% 13.60%
Vitamin Shoppe 1,269 10.00% 0.20% 1.20% -2.30%
The Gymboree Corp. 1,231 12.10% 2.20% 1.40% -0.80%
1-800-Flowers 1,189 75.10% 2.10% 2.30%
Weight Watchers 1,157 29.60% -6.20% -6.40%
FTD 1,155 88.00% 13.70% 15.60%
Cineplex Entertainment 1,147 3.40% 1.30%

Lane Bryant (Ascena Retail Group) 1,107 21.80% -0.20% -2.90% 10.70%
maurices (Ascena Retail Group) 1,074 11.20% -2.70% -4.30% 12.60%
Justice (Ascena Retail Group) 1,062 10.50% -6.80% -7.90% 7.20%
Jos. A. Bank 1,054 13.10% 0.90% -1.40% 12.60%
Five Below 1,041 19.50% 19.50%

Big 5 Sporting Goods 1,039 1.90% 1.90%

Crocs 1,025 12.80% -7.50% -5.90% 3.70%
Oxford Industries 1,023 18.20% 5.50% 1.60% 16.40%
Shoe Carnival 994 0.20% 0.20%

Lumber Liquidators 976 2.40% 2.40%

Hibbett Sports 967 1.20% 1.20%

Tuesday Morning 966 2.00% 2.00%

dressbarn (Ascena Retail Group) 963 5.40% -3.90% -4.60% 9.70%
Ann Taylor (Ann Inc.) 944 21.80% -1.70% -4.30% 9.00%
The Buckle 944 10.40% -13.60% -14.30% -6.40%
New York & Company 923 25.90% -2.10% -10.30% 32.30%
Lids (Genesco) 915 8.50% -2.90% -5.80% 17.50%
The Cato Corp. 906 -10.70% -10.70%

Nacco Industries 856 -6.50% -4.40%

Reitmans 846 -1.60% -1.60%

Zumiez 845 15.50% 5.60% 4.70% 11.00%
Carmike Cinemas 844 9.80% 9.80%

Perry Ellis 842 3.60% -5.90% -14.70% 16.30%
Havertys 828 1.90% 2.40% 2.40% 38.70%
White House Black Market (Chico’s FAS, Inc.) 824 9.20% -4.40% -4.80% 0.40%
Indigo Books & Music 815 13.10% 2.60% 1.70% 12.60%
Ethan Allen 812 3.80% -0.10%

The Container Store 809 11.90% -0.30% -0.40% -6.40%
Pacific Sunwear 801 7.80% -3.10% -3.50% 1.50%
Sportsman's Warehouse 785 1.20% 8.50% 8.40% 24.40%
Fairway Market 764 -4.30% -4.30%

Natural Grocers 736 10.50% 10.50%

West Marine 702 11.70% -0.90% -2.60% 14.80%
Citi Trends 702 2.80% 2.80%

Free People (Urban Outfitters, Inc.) 678 30.70% 8.90% 3.80% 10.90%
Tommy Bahama (Oxford Industries) 659 16.00% 0.10% 0.10% 6.70%
Evine Live 656 50.00% -6.60% -2.20%
Gordmans Stores 632 -3.70% -3.60%

Liquor Stores N.A. 618 8.60% 8.40%

Boot Barn 616 18.70% 17.90% 9.60% 74.70%
Kirkland's 597 8.40% 4.20% 2.60% 23.80%
Tilly's 570 13.60% 3.40% 2.50% 9.20%
Tumi 565 6.90% 4.00% 13.90% -4.20%
American Apparel 538 10.60% 0.00% -18.10% -6.90%
Movado 538 -8.60% 3.30%

SmartStyle Family Hair Salons (Regis Corp.) 522 0.80% 0.80%

francesca's 489 5.30% 8.50% 7.20% 39.60%
Brookstone 481 22.60% -7.40% -9.90% 3.30%
Vera Bradley 477 21.80% -5.90% 3.40% -8.60%
Blue Nile 477 100.00% -1.40% -1.40%
Books-A-Million 472 4.30% 0.20% 0.10% -4.90%
Perfumania 462 -11.00% -9.70%

OshKosh B'gosh (Carter's, Inc.) 452 20.40% 5.40% 7.10% 25.40%
Destination XL Group 450 15.40% 1.00% 1.20% -0.20%
Bassett Furniture 431 -3.10% 0.30%

Hastings Entertainment 431 8.60% -5.60% -7.50% 19.30%
The Wet Seal, Inc. 428 6.40% -13.70% -14.70% 5.30%
Wet Seal (The Wet Seal, Inc.) 428 6.40% -13.70% -14.70% 5.30%
Destination Maternity 416 15.50% -13.70% -9.50% 17.20%
Vitacost.com 397 100.00% 9.60% 9.60%
Town Sports International 395 -4.70% -4.80%

Harry & David 387 80.70% 1.70% -10.60% 3.80%
Christopher & Banks 370 19.10% -5.60% -9.00% 12.00%
bebe stores 364 23.30% -12.40% -16.20% 8.60%
Build-A-Bear Workshop 360 5.00% -5.10% -6.90% 6.20%
Sport Chalet 343 2.70% -4.40% -4.50% 19.50%
Supercuts (Regis Corp.) 342 -1.10% -1.30%

Trans World Entertainment 324 6.10% -4.60% -5.60% 12.80%
The Tile Shop 324 10.60% 10.60%

Catherines (Ascena Retail Group) 323 18.30% -5.40% -8.00% 8.50%
U.S. Auto Parts 304 90.80% 2.70% 2.50%
Johnston & Murphy (Genesco) 287 11.00% 6.80% 4.90% 9.40%
Birks Group 286 -5.20% -3.80%

Hancock Fabrics 280 2.50% 1.60% 1.10% 26.50%
Medifast 273 12.20% 0.40% -26.60%
Vince 268 5.70% -11.30% 0.00% -16.90%
Regis Salons (Regis Corp.) 253 -13.10% -13.10%

PetMed Express 249 100.00% 6.20% 6.20%
Lilly Pulitzer (Oxford Industries) 233 32.00% 14.00% 8.00% 21.60%
Body Central 226 8.10% -24.30% -22.80% -37.90%
Moores (Tailored Brands, Inc.) 212 -2.90% -2.90%

Vitamin World (NBTY) 208 9.70% -7.60% -8.20% -1.90%
Cache 203 9.90% -8.20% -7.40% -15.20%
dELiA's 120 29.10% -28.80% -27.50% -31.80%
Danier Leather 115 -12.60% -12.60%

Dover Saddlery 105 49.60% 9.90% 17.30% 3.20%
MasterCuts (Regis Corp.) 98 -10.60% -10.60%

Frederick's of Hollywood 83 34.00% -14.60% -16.10% -7.10%
Tandy Leather Factory 83 -1.50% -1.50%

Ben Sherman (Oxford Industries) 78 5.10% 15.30% 12.30% 17.60%
Joe's Jeans 43 2.90% 4.60% -3.30% 30.60%
K&G Stores (Tailored Brands, Inc.) 0 0.00% 32387.80% -3.90% 14.80%