Retail sector

The recent news of Best Buy’s (NYSE: BBY) store closings is just a continuation of the travails of bricks and mortar retail. Walk the streets of any metropolitan downtown and you can’t help but notice the increasing vacancies. Both strip and traditional malls have difficulty maintaining tenants...

A Poem From an Analyst to Target:   How I love your bright red bull’s-eye hanging outside your store It just makes me want to rush through the door To shop the fruit and veggie sections I see And then go sit under a tree Oh Target, oh Target, you are so cheap chic And that’s why I let my...

Admit it, the initial reads on the holiday season have you all excited about retail stocks. Perhaps a pen and paper is sitting at your side with names ready to be checked off as “owned” in the portfolio. To that, all I can say is to hold your horses, cowboy - don't get sucked into the orgasmic...

Retail stocks opened into the black today after BMO Capital Markets bumped up the ratings of home-improvement retailers Home Depot Inc (NYSE: HD) and rival Lowe's Cos (NYSE: LOW) from “underperform” to “market perform.” However, after a brief surge, the sector has moved into the red, with the...

Weakness in the broader market had a cascading effect on the retail stocks as economic data from China suggested that growth in the country is slowing. The S&P Retail Index (NYSE: RLX) fell 1.04% to 403.47 at 4:39 pm EDT. The biggest loser in the sector was bookstore operator Barnes & Noble...

After falling in the first half of the trading day, retail stocks have moved slightly in the black today. The S&P Retail Index has advanced 0.58% to 407.72 after the Commerce Department estimated a substantial increase in the savings rate of US households in May, with income growing faster than...

Retail stocks are trading in the negative territory today, as the news of an unexpected rise in weekly jobless claims weighed on the market. Leading economic indicators for the month of May failed to meet expectations, along with a Philadelphia manufacturing measure. The S&P Retail Index (RLX)...

Retail stocks dropped today on news of the US home builders curbing construction beyond expectations. It triggered further anticipation that construction materials and home related products’ demand may be adversely affected. The S&P Retail Index (RLX) inched up 1.27%, to 441.69 by 12:48 pm....

Retail stocks are treading water on Wall Street today as the strength of consumer spending came under a scanner, after disappointing May retail sales data. The S&P Retail Index (RLX) plunged 1.2% to 429.79. The sales fell 1.2% in May, dropping for the first time over the last eight months, as...

The retail industry has moved into positive territory after Moody's Investors Service upgraded the sector and said that it expects credit conditions to improve for the industry over the next 12 to 18 months. Moody's also expects operating income in the sector to grow in mid-single digits, driven by...

Retail stocks rose on April 1 after first-time jobless claims fell last week. Meanwhile, the four-week average plunged to its lowest level since September 2008. By the end of the trading day, the S&P Retail Index gained .4% to 451.61. The top gainer in the retailing sector was Borders Group...