retail

Home improvement and stockpiling boost September UK retail sales

Consumers increased spending on improving their homes and stockpiling goods in September in preparation for a tightening of restrictions, providing a boost for retailers.

Sales in the UK rose 5.6 per cent last month compared with the same period a year ago, according to data from the British Retail Consortium and the consultancy KPMG. That was above the six-month average decline of 1.1 per cent and the best annual growth rate of any month since December 2009, it found.

“September saw a big improvement in retail sales growth,” said Helen Dickinson, chief executive at the BRC, whose survey covers about 60 per cent of the industry.

“With office workers still at home for the foreseeable future, the sales of electronics, household goods and home office products have remained high,” she added. In contrast, more time spent at home and the cancellation of public events “have continued to hold back clothing and footwear”.

Line chart of Annual % change showing UK retail sales shift online

Food retail sales also rose in September as shoppers began stockpiling in reaction to possible further restrictions, said Susan Barratt, chief executive at the grocery consultancy IGD, commenting on the BRC data.

The growth in overall retail sales does not mean that high-street retailers are out of the woods, as the shift toward online sales prompted by the lockdown continued.

Online non-food sales last month rose 37 per cent compared with the same period a year ago. In contrast, in-store sales of non-food items were still very depressed.

Retail sales were the first of the main economic indicators to rise above last year’s level back in July as consumers spent money on food and drink rather than visiting restaurants and pubs.

The BRC findings chime with a 2 per cent annual growth in consumer spending in September, according to Barclaycard data also published on Tuesday.

The payments company’s

Early Generator, Lawn Mower, Leaf Blower, Snow Blower & DeWalt Tool Deals Rated by Retail Fuse

Summary of all the latest early garden equipment & tool deals for Amazon Prime Day 2020, including deals on lawn mowers, generators, snow blowers, leaf blowers & tools from DeWalt, Ryobi, Ridgid & more brands

Here’s a comparison of the top early tools & patio & garden machinery deals for Amazon Prime Day 2020, together with the latest discounts on DeWalt tools & machinery, leaf blowers, generators, lawn mowers & snow blowers. Explore the full selection of deals using the links below.

Best tools deals:

  • Save up to 47% on a wide selection of power tools & hand tools – at the Amazon Prime Day sale

  • Save up to $196 on tools from top-rated brands like DeWalt, Milwaukee, Bosch, Ryobi & Makita – at the Amazon Prime Day sale

  • Save up to $481 on standby generators, inverter generators & portable power generators – save on generators from top brands including Generac, Westinghouse, DuroMax & Champion

  • Save $196 on the Makita 16-inch Electric Chainsaw at Amazon – tool-less blade and chain adjustments, rubberized grip, built-in current limiter, soft start

  • Save 40% on the Rockwell 4-1/2″ Compact Circular Saw at Amazon – with 1pc 4-1/2″ 24T carbide-toothed blade, vacuum adapter, parallel edge guide & allen wrench

  • Save $80 on the Bosch Power Tools Jigsaw Kit at Amazon – 7.2 amp corded variable speed top-handle jigsaw kit with assorted blades & carrying case

  • Save 47% on the AirCat 6505 Composite Quiet Cut-Off Tool at Amazon – ultra quiet, ergonomically designed handle, 2.5 HP, 3-Inch cutting blade

  • Save 52% on the BLACK+DECKER Random Orbit Sander at Amazon – 2.4 Amp motor, high performance dust collection, 14,000 orbits per minute

  • Save 25% on the Sun Joe SPX3000 Electric High Pressure Washer at Amazon – 14. 5-Amp/1800-watt motor, 2030 PSI/1. 76 GPM, (TSS) total stop system

Amazon Prime Day Small Kitchen Appliance & Refrigerator Deals 2020: Best Early Air Fryer, Oven, Grill, Blender & Coffee Maker Sales Identified by Retail Egg

BOSTON–(BUSINESS WIRE)–Amazon Prime Day researchers have shared the latest early kitchen appliance, oven, coffee maker & refrigerator deals for Amazon Prime Day 2020, including the top offers on KitchenAid mixers, Instant Pot multi cookers, Ninja blenders, smoker grills, and air fryers. Links to the latest deals are listed below.

Best fridge deals:

Best Instant Pot & cooker deals:

Best KitchenAid deals:

Best air fryer deals:

Best grill & smoker deals:

Best Vitamix & blender deals:

Best oven & microwave deals:

Best coffee maker deals:

Want some more deals on coffee makers, blenders, and more kitchen appliances? Go to Amazon’s Prime Day 2020 page to compare the entire selection of active discounts available now.

Amazon Prime Day sales are available for a limited period of time. Retail Egg earns commissions from purchases made using the links provided.

Shoppers can find thousands of discounted items available at Amazon during their Prime Day sale, their highly anticipated shopping event that’s now being held for a sixth consecutive year.

Not yet an Amazon Prime member? Start your 30-day free trial by clicking here and enjoy full access to all the best Prime Day deals.

The 48-hour Prime Day sale event offers exclusive deals and savings on smoker grills, air fryers, Vitamix blenders, microwave ovens, Nespresso coffee makers and trusted brands like Frigidaire, Instant Pot, and KitchenAid to Amazon Prime members. Kitchen appliances such as Instant Pot multi cookers and Ninja blenders have seen a rise in demand as more people learn how to prepare healthy meals at home. Among the best-selling kitchen appliances is the Instant Pot Duo Nova pressure cooker that comes in various sizes and configurations, including an option for an air fryer lid. The recent stay at home orders also awakened the bakers in many, thus KitchenAid mixers

Wolfe Research singles out Five Below, At Home and Floor & Decor as retail winners (NASDAQ:FIVE)

Wolfe Research launches coverage on Five Below (FIVE +2.9%), Floor & Decor Holdings (FND +2.5%) and At Home Group (HOME +3.2%) with Outperform ratings.

The firms assigns a price target of $150 on FIVE vs. the average Wall Street PT of $136.50. “In our view, FIVE operates one of the most unique traffic-driven models across all of retail with industry leading new unit economics and an agile merchant team helping to deliver consistent positive comp sales growth through an “on trend” product assortment. We see a clear path towards sustained double-digit new store expansion over the next several years.”

The firms assigns a price target of $84 on FND vs. the average Wall Street PT of $76.16. ” FND continues to benefit from a solid housing backdrop and the potential for sustained momentum in the home improvement sector, specifically a structural shift towards hard surface flooring. As one of the rare new unit growth opportunities across retail, FND should further unlock the benefits of scale in coming years to drive operating margins towards a low double-digit rate.”

The firms assigns a price target of $18 on HOME vs. the average Wall Street PT of $20.29. “Q2 results and trends early into Q3 appear as an inflection point in the trajectory of the HOME business model. We view the pullback in shares post Q2 results as an attractive entry point with a risk-reward tilted favorably from here.”

Compare the three retail stocks side by side.

Source Article

Top Home Improvement Retail Stocks To Watch Before October 2020

The MarketWatch News Department was not involved in the creation of this content.

Sep 23, 2020 (StockMarket.com via COMTEX) —
Are These The Best Home Improvement Retail Stocks To Buy Right Now?

Retail stocks were harshly affected by the pandemic when it arrived. Some retail companies were able to perform well like Target Corporation (TGT Stock Report) and Walmart Inc. (WMT Stock Report). This was due to them staying open despite the worldwide closures of retail stores. It seems like home improvement companies were able to see the same benefits as the companies mentioned above.

This is due to the large increase in home improvement during the quarantine. Since people are or were stuck at home, home improvement has been the main focus for plenty with nothing else to do. So the top home improvement retail stocks being open for the majority of 2020 has caused them to perform well. E-commerce is still growing larger than the retail industry, but there are many home improvement products that consumers prefer to purchase in person. Let’s look at a few home improvement retail stocks that have been trending upwards in the market.

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Top Home Improvement Retail Stocks To Buy [Or Sell] Right Now: The Home Depot Inc.

First, we must discuss The Home Depot Inc. (HD Stock Report) as it is one of the leaders in the industry. The Home Depot is reported as the largest home improvement retail company in the United States. Home Depot’s stores supply things like tools, equipment, construction items, wood, and more. The company has a plethora of locations in several places around North America. On August 18th, the second-quarter results