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By Jharonne Martis Retail analysts polled by Refinitiv are cautious about Q2 earnings expectations, especially since many retailers lowered their earnings guidance for Q2. The Q2 2019 retail blended earnings growth estimate is 1.8% - a sharp contrast with Q1 2019, which saw an 8.3% growth ...
The retail sector is being hit particularly hard by the trade war escalation, with many analysts warning that companies could face some pushback in passing extra trade-related costs to consumers. For some chains, there is also the risk of backlash in China if anti-U.S. sentiment is stirred u...
The retail sector will have a competitive few weeks ahead with Amazon's Day ( AMZN -1.2% ) Prime Day now officially scheduled for July 15-16. More news on: Amazon.com, Inc., Walmart Inc., Target Corporation, Consumer stocks news, News on ETFs Read more ...
E-commerce and the globalization of retail crush distribution channels, wholesalers, local retailers, large retailers, prices, and margins. Walmart (WMT), Macy's (M), Best Buy (BBY), Home Depot (HD), Nordstrom (JWN), etc. - they all spend vast sums of money building out their e-commerce si...
By Robert Hughes Retail sales and food services rose 0.5 percent in May, following an upwardly revised 0.3 percent gain in April. The May increase was the third rise in a row and fourth in the last five months. Over the past year, they are up 3.2 percent (see chart). Retail sales excluding...
Retail Sales rose just 3.46% year-over-year (unadjusted) in May 2019. The estimate for April was revised substantially higher, now suggesting growth of 5.6%. Altogether, however, consumer spending continues to be unusually weak. How unusual. The 6-month average, a better gauge of growth condit...
By Jill Mislinski The Census Bureau's Advance Retail Sales Report for May was released June 14 morning. Headline sales came in at 0.55% month-over-month to one decimal and was worse than the Investing.com forecast of 0.7%. Core sales (ex Autos) came in at 0.50% MoM (to two decimals). Her...
RH (NYSE: RH ) is up 23.7% in early trading, while Oxford Industries (NYSE: OXM ) is 10.2% higher . More news on: RH, Oxford Industries, Inc., Walmart Inc., Consumer stocks news, Stocks on the move, News on ETFs Read more ...
By Jharonne Martis Retailers continue to report Q1 2019 earnings, and 55 retailers have mentioned tariffs during their Q1 earnings call. Although they have expressed concern about proposed tariffs imposed on Chinese products, a faster and more direct hit to the consumer's discretionary inc...
By Jharonne Martis Retailers continue to report Q1 2019 earnings, and 35 retailers have mentioned tariffs during their Q1 earnings call. The department stores really struggled and posted weak results on May 21. JW Nordstrom (JWN) said during its earnings call, "during the first quarter, we...
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Index-based ETFs that provide exposure to companies engaged in streaming & gaming, future vehicles and e-commerce First Trust Advisors L.P. (“First Trust”), a leading exchange-traded fund (“ETF”) provider and asset manager, announced today...
First Trust Nasdaq Retail ETF (Nasdaq: FTXD) (the “Fund”), an exchange-traded index fund and a series of First Trust Exchange-Traded Fund VI (the “Trust”), previously announced changes to its investment objective, the Fund’s name and its ticker symbol....
First Trust Advisors L.P. ("FTA") announces the declaration of distributions for 115 exchange-traded funds (each a “Fund,” collectively, the “Funds”) advised by FTA. The following dates apply to today's distribution declarations: FTA is a federally registe...