Feb. Retail Rundown: Same Store Sales Continue to Recovery
As today was the first Thursday of the month, retailers issued their same store sales results this morning. With these figures coming in mostly better-than-expected (research firm Retail Metrics said US same store sales rose 4.1% during the month), the sector is outperforming the broader markets today. The SPDR S&P Retail ETF (NYSE: XRT) is up 1.6% at last check.
Below are some highlights from the February retail sales results:
Below are some highlights from the February retail sales results:
- Target (NYSE: TGT) - comps up 2.4%, shares up 2.6%
- Macy's (NYSE: M) - same store sales up 3.7%, stock down 0.15%
- Gap (NYSE: GPS) - comps up 3%, shares up 0.9%
- JCPenney (NYSE: JCP) - comps up 1.2%, stock up 1.6%
- Limited Brands (NYSE: LTD) - same store sales jumped 10%, shares up 1.1%
- Zumiez (Nasdaq: ZUMZ) - comps up a whopping 19.6%, stock up 11.6%
- Abercrombie & Fitch (NYSE: ANF) - same store sales rose 5%, shares up 11.5%
- Aeropostale (NYSE: ARO) - comps rose 7%, stock now up 6.3%
- American Eagle Outfitters (NYSE: AEO) - comps up 6%, reaffirms guidance, stock down 4.2%
- Dillard's (NYSE: DDS) - comps up 2%, shares up 7.2%
- Buckle (NYSE: BKE) - same store sales up 5.1%, stock 5.2% higher right now
- Famous Dave's (Nasdaq: DAVE) - comps down 3.4%, reports Q4 results, stock down 4.9%
- Stein Mart (Nasdaq: SMRT) - same store sales fell 9.3%, stock down 2.4%
- Wet Seal (Nasdaq: WTSLA) - comps up 4.7%, stock now up 4.1%
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