Retail Sales for Sept. Looking Rosy
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Normally released on the first Thursday of each month, retailers issued their monthly sales figures today, the second Thursday in September, as the first Thursday was actually the 1st of the month -- just a little too soon to collect last month's data. For the most part, retail results seemed to be better-than-expected. Below are some highlights:
- Target (NYSE: TGT) - same store sales down 1.7%, guided Q3 above the Street.
- JCPenney (NYSE: JCP) - comps down 1.4%, raises Q3 outlook.
- Kohl's (NYSE: KSS) - comps up 5.5% guides Q3 higher.
- Nordstrom (NYSE: JWN) - comps down 2.4%
- Macy's (NYSE: M) - 2.3% decline in comps
- Limited Brands (NYSE: LTD) - comps down 7%
- Children's Place (Nasdaq: PLCE) - same store sales rose 4%
- Buckle (NYSE: BKE) - comps up 5.1%
- American Apparel (AMEX: APP) - comps fell 15%
- American Eagle (NYSE: AEO) - same store sales were flat and the company raised its Q3 outlook.
- Gap (NYSE: GPS) - 1% decline in same store sales.
- Abercrombie & Fitch (NYSE: ANF) - comps fell 18%.
- Aeropostale (NYSE: ARO) - same store sales were up 19% and the company lifted its Q3 EPS guidance.
- Cato (NYSE: CTR) - comps up 6%, Q3 guidance raised.
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