Bulletin
Investor Alert

Market Pulse Archives

Feb. 16, 2021, 11:08 a.m. EST

Retail could take a hit as winter storms hinder store traffic, e-commerce delivery times

new
Watchlist Relevance
LEARN MORE

Want to see how this story relates to your watchlist?

Just add items to create a watchlist now:

  • X
    Farfetch Ltd. Cl A (FTCH)
  • X
    Tapestry Inc. (TPR)
  • X
    Capri Holdings Ltd. (CPRI)

or Cancel Already have a watchlist? Log In

By Tonya Garcia

Wells Fargo analysts are forecasting a February retail slowdown due to a number of factors including the end of stimulus spending and winter storms that preclude in-store spending and stall e-commerce delivery times. "We'd also note that late-February is normally when retailers begin flowing in receipts of Spring merchandise to stores, so cold/snowy weather may mean a delayed start to Spring demand," analysts led by Ike Boruchow wrote. "Furthermore, though California lifted it's more-extreme restrictions that were reinstated in January, recent news of new COVID strains spreading in the region will likely have an averse impact on the state's recovery." COVID-related lockdowns in Europe have also been a first-quarter headwind. According to the research group's proprietary "Boruchow Buyside Barometer," Farfetch Ltd /zigman2/quotes/203824836/composite FTCH +12.51% tops the ranking followed by Coach parent Tapestry Inc. /zigman2/quotes/207417762/composite TPR +3.33% and Michael Kors parent Capri Holdings Ltd. /zigman2/quotes/206301876/composite CPRI +5.92% . Athleisure also continues to have a good showing with Foot Locker Inc. /zigman2/quotes/204092533/composite FL +4.67% and Under Armour Inc. /zigman2/quotes/208967132/composite UA +3.43% /zigman2/quotes/204420722/composite UAA +3.36% moving up the ranks and Nike Inc. /zigman2/quotes/203439053/composite NKE +1.74% continuing to rate high on the list. The SPDR S&P Retail ETF /zigman2/quotes/206947004/composite XRT +4.31% has gained 78.8% over the past year, far outpacing the benchmark S&P 500 index /zigman2/quotes/210599714/realtime SPX +1.49% , which is up 16.6% for the period.

/zigman2/quotes/203824836/composite
US : U.S.: NYSE
$ 41.90
+4.66 +12.51%
Volume: 15.55M
May 14, 2021 4:00p
P/E Ratio
N/A
Dividend Yield
N/A
Market Cap
$14.87 billion
Rev. per Employee
$307,650
loading...
/zigman2/quotes/207417762/composite
US : U.S.: NYSE
$ 46.82
+1.51 +3.33%
Volume: 3.29M
May 14, 2021 4:03p
P/E Ratio
39.09
Dividend Yield
0.00%
Market Cap
$13.06 billion
Rev. per Employee
$286,786
loading...
/zigman2/quotes/206301876/composite
US : U.S.: NYSE
$ 56.86
+3.18 +5.92%
Volume: 1.71M
May 14, 2021 4:00p
P/E Ratio
N/A
Dividend Yield
N/A
Market Cap
$8.59 billion
Rev. per Employee
$326,414
loading...
/zigman2/quotes/204092533/composite
US : U.S.: NYSE
$ 64.60
+2.88 +4.67%
Volume: 1.23M
May 14, 2021 4:00p
P/E Ratio
20.97
Dividend Yield
1.24%
Market Cap
$6.67 billion
Rev. per Employee
$147,272
loading...
/zigman2/quotes/208967132/composite
US : U.S.: NYSE
$ 19.01
+0.63 +3.43%
Volume: 5.51M
May 14, 2021 4:03p
P/E Ratio
74.64
Dividend Yield
N/A
Market Cap
$9.53 billion
Rev. per Employee
$269,432
loading...
/zigman2/quotes/204420722/composite
US : U.S.: NYSE
$ 22.78
+0.74 +3.36%
Volume: 4.48M
May 14, 2021 4:03p
P/E Ratio
89.44
Dividend Yield
N/A
Market Cap
$9.53 billion
Rev. per Employee
$269,432
loading...
/zigman2/quotes/203439053/composite
US : U.S.: NYSE
$ 135.93
+2.32 +1.74%
Volume: 4.37M
May 14, 2021 4:00p
P/E Ratio
64.17
Dividend Yield
0.81%
Market Cap
$214.76 billion
Rev. per Employee
$496,286
loading...
/zigman2/quotes/206947004/composite
US : U.S.: NYSE Arca
$ 93.42
+3.86 +4.31%
Volume: 2.63M
May 14, 2021 4:00p
loading...
/zigman2/quotes/210599714/realtime
US : S&P US
4,173.85
+61.35 +1.49%
Volume: 1.91B
May 14, 2021 5:02p
loading...

This Story has 0 Comments
Be the first to comment
More News In
Industries

Story Conversation

Commenting FAQs »

Partner Center

Link to MarketWatch's Slice.