Retail

Q3 Bank CRE Loan Performance: Delinquencies Spike For Big Retail And Small Hotel Sectors

By commercial-real estate experts Trepp Summary: The overall credit performance of commercial real estate (CRE) loans in bank portfolios continues to show signs of pandemic related stress with increasing delinquency rates and charge-offs and downward migration of risk ratings. While anecdotal feedback from lenders indicates that relief granted through deferrals and forbearance early in the…

Top Retail Group Expects 150 Million Shoppers On "Super Saturday"

Retail stocks caught a slight bid premarket Friday following a report from the National Retail Federation (NRF) that said over 150 million American shoppers could buy holiday gifts in stores or online on the last Saturday before Christmas, otherwise known as “Super Saturday,” up by more than 2 million from last year, reported Reuters.  “Consumers have…

US Retail Sales Disappoint, Tumble Most Since April

December 16, 2020 By Tyler Durden While analysts expected a modest drop in US retail sales in November (after its big slowdown in October), and BofA credit card sales data suggested otherwise, they were both seriously off as the final print was a big disappointment. Headline retail sales tumbled 1.1% MoM (far worse than the…

What Spending Slowdown: BofA Credit, Debt Cards Show Soaring Retail Sales

Ahead of Wednesday’s retail sales report, and in light of the recent sharp slowdown in the labor market and lack of progress on the stimulus front, most pundits expect a disappointing retail sales performance for the month of November, when retail sales are expected to drop by -0.3%, their first contraction since the April covid…

China Retail Sales Disappoint, Despite Expected Golden-Week Boost

Amid sudden domestic defaults, liquidity shortfalls, a soaring yuan, and overseas economics lockdowns, tonight’s smorgasbord of data is expected to show a continued recovery in China’s economy (after a disappointing Q3 GDP and PMI), as US data begins to falter. Source: Bloomberg The strongest yuan in well over two years is likely not helping the…

Is This The End For Hedge Funds: Retail Investors Outperform “Smart Money” Ten-To-One

After a dismal decade for hedge funds, 2020 was the year that may have sealed the fate of the (former) masters of the universe who once upon a time collected 2 and 20 to hedge against crashes and to outperform the market but now merely collect tens of million in fees to come up creative…

Two Major Mall Landlords File Bankruptcy Amid Retail “Carnage”

By Tyler Durden While the Wall Street crowd has since moved on from shorting malls, aka the “Big Short 2.0”, in some distinct cases with massive profits, to shorting hotels which as we first presented here earlier this year has emerged as the “Big Short 3.0” trade, this weekend we got a vivid reminder of…

“This Is Huge”: World’s Biggest IPO Trades 50% Higher In Gray Market After $3 Trillion In Retail Orders

Last week we reported that thanks to what may be the world’s most sophisticated check kiting scheme, Chinese and Hong Kong banks were giving local retail investors a mindblowing 33x margin leverage with which they could then turn around and purchase stock in what is now the world’s largest IPO – China’s fintech Ant Financial,…