VCR News and Press, Vanguard Consumer Discretion From 07/17/20

By Robert Hughes Retail sales and food services spending posted another strong gain in June, rising 7.5 percent from the prior month following an 18.2 percent record surge in May and two devastating declines in March and April. The gains likely reflected the continued easing of restriction...

Retail sales topped expectations for June with a 7.5% increase from May. The June tally was also up 1.6% from a year ago after gas and auto-related sales were stripped out. More news on: The Home Depot, Inc., Lowe's Companies, Inc., The Kroger Co., Consumer stocks news, News on the U.S. ec...

TRENDS: Covid-19 has accelerated a lot of trends. Few more than retail. Oddly, some people have taken the view that Covid-19 changed retail. Actually, it didn't. The pandemic has merely accelerated trends that have been driving industry change for almost two decades. Back in 2004, Eddie Lamp...

In June this year, a company called intu (CCRGF) (no capitalisation) collapsed. Most people had never heard of it. But they knew what it did. It was the owner of many of the UK's biggest shopping centres. Lakeside in Thurrock, Metro Centre in Newcastle, and the Trafford Centre in Manchester - ...

If your business touches retail in any way, it might pay to follow a few important breadcrumbs. Nike (NKE) posted its lowest quarterly sales in two years, along with a $790 million quarterly loss, when it reported its Q1 2020 earnings in late June. A key driver of the results was a 50 percen...

76% of Americans plan to celebrate Independence Day this year, down from 86% in 2019, as concerns run high over gathering in large groups or attending public events due to the coronavirus pandemic. More news on: Consumer Staples Select Sector SPDR ETF, Consumer Discretionary Select Sector ...

The big worry Or rather the small worry for I was really very sure indeed it wasn't going to happen. Anyway, to get to the predictions on an L shaped recovery - one where we don't bounce back at all - it was necessary that consumers just didn't go out and start spending their money when the ...

The fragile apparel and restaurant sectors are facing another negative few weeks of COVID-19 developments as cases soar. A record level of hospitalizations in Texas tied to the virus has already prompted Governor Greg Abbott to limit capacity at restaurants and close bars, while shopping cen...

Redbook Johnson reports chain store sales are down 1.4% M/M in June so far and decreased 6.1% Y/Y for the week ending June 20. More news on: Consumer Discretionary Select Sector SPDR ETF, SPDR S&P Retail ETF, Vanguard Consumer Discretionary ETF, Consumer stocks news, News on ETFs, ...

On the latest edition of Market Week in Review, Senior Quantitative Research Analyst Abraham Robison and Senior Client Investment Analyst Chris Kyle discussed the U.S. Federal Reserve's (the Fed) recent announcement on corporate bond purchases, the latest macroeconomic data and the outlook for...