Hints and tips:
...Home Depot and Lowe’s both pointed to a drop in spending on large home-improvement projects, Kohl’s missed sales estimates as spending on non-essentials declined, while Best Buy said demand had been “even...
...Walmart’s statement hit its shares and those of rivals from Amazon to Home Depot, but it is far from alone in warning that sudden shifts in consumers’ spending are playing havoc with inventories....
...Best Buy’s holiday promotions hail store pick-ups as a “reliable and safe” way for consumers to get their electronic gifts, while every Lowe’s store now offers contactless lockers for collecting goods bought...
...Try and buy 40lb bales of chopped hay from Amazon. Tractor Supply also has very respectable gross and operating margins (9 per cent) compared to Home Depot and better than Walmart....
...Retailers take the limelight next week with the likes of Macy’s TJX Cos, Home Depot, Best Buy among the big names reporting results....
...Enjoy your weekend, Elaine Moore Deputy editor of Lex Best of Lex articles Amazon/smart devices: home invasion Macy’s: dry January Sears: no can do Halfords: cycle lame Greggs: Quorn star Barclays...
...Retailers take the limelight next week with the likes of Macy’s, TJX Cos, Home Depot, Best Buy among the big names reporting results....
...Between then and last week, on a mark-to-market basis, short-sellers were down a total of $562m on Home Depot, $863m on Kohl’s and $885m on Target, according to data from S3 Partners....
...In April, he proposed to buy some Sears assets, including the Kenmore appliance brand and SHIP, a home improvement business....
...The hedge fund led by Sears chief executive Eddie Lampert is offering to buy some of the troubled US retailer’s best assets, a break-up plan aimed at helping shore up its balance sheet....
...Eddie Lampert, the billionaire financier who controls Sears Holdings, is offering to purchase some of its best assets in his latest attempt to buy time for a contrarian bet on US retail that has been unravelling...
...Carol Tome, chief financial officer at the DIY chain Home Depot, was similarly bullish....
...Last week Macy’s announced it would close seven more stores and lose 5,000 employees. Sears announced it would close 103 combined Sears and Kmart stores....
...After news that Sears, the beleaguered retailer, had struck a deal to sell its proprietary Kenmore appliances through Amazon, traders fled shares of Home Depot, its rival Lowe’s, and Best Buy — all groups...
...and Best Buy....
...Indeed, companies have been alerting shopping to pre-Black Friday deals and companies like Walmart, Target, Macy’s and Best Buy have begun to open their doors with doorbuster deals on Thursday as they battle...
...But others, such as Macy’s, remain profitable despite hard times, and a few — most prominently the electronics retailed Best Buy — have developed successful “omnichannel” store/intent strategies....
...At one point in the trading session, Home Depot, rival DIY retailer Lowe’s and Best Buy, which also markets appliances, lost $13bn in market value....
...In January, Macy’s said it would shutter 68 stores. At Sears and Kmart, the number of stores has fallen from about 3,800 a decade ago to 1,430 at the end of the last fiscal year....
...In electronics, where Amazon should be strongest, Best Buy has fought back with better customer service....
...as well as its Sears Home Services repair business....
...Sears also announced the departure of chief financial officer Robert Schriesheim and the hiring of advisers to explore “alternatives” for its Kenmore, Craftsman and DieHard brands as well as its Sears Home...
...However, Home Depot, the biggest US home improvement retailer, on Tuesday revealed better than expected quarterly results....
...On this topic, there’s a line from The Brady Bunch Movie (1995) in which dad Brady says, “OK kids, put on your best sweaters — we’re going shopping at Sears!”...
...Macy’s....
International Edition