Retail Results Show Weak Consumer
Retailers released their October sales numbers today, and as would be expected they were mostly horrible except for a few outliers including Wal-Mart (NYSE: WMT).
Here is a run down:
Worse-Than-Expected Comps:
Costco (Nasdaq: COST) - October comparable store sales fell 1%, versus the consensus of a 4.3% rise.
Aeropostale (NYSE: ARO) – October comparable store sales increased 1%, versus the consensus of a 2.8% rise.
Gap (NYSE: GPS) - October comparable store sales fell 16%, versus the consensus of a 10.7% drop.
Macy's (NYSE: M) - October comparable store sales fell 6.3%, versus the consensus of a 6% drop.
Target (NYSE: TGT) - October comparable store sales fell 4.8%, versus the consensus of a 3.3% drop.
Big Lots, Inc. (NYSE: BIG) October comparable store sales fell 0.2%
Limited Brands, Inc. (NYSE: LTD) - October comparable store sales fell 9%, versus the consensus of a 7.2% drop
Urban Outfitters, Inc. (Nasdaq: URBN) - October comparable store sales rose 10%
Pacific Sunwear of California, Inc. (Nasdaq: PSUN) - October comparable store sales fell 11%, versus the consensus of a 6.6% drop.
Stage Stores, Inc. (NYSE: SSI) - October comparable store sales fell 8.4%, versus the consensus of a 7.7% drop
Cache Inc. (NASDAQ: CACH) - October comparable store sales fell 11%, versus the consensus of a 9.4% drop.
Abercrombie & Fitch (NYSE: ANF) - October comparable store sales fell 20%, versus the consensus of a 14.4% drop.
Kohl's Corporation (NYSE: KSS) - October comparable store sales fell 9%, versus the consensus of a 6.4% drop.
Nordstrom, Inc. (NYSE: JWN) - October comparable store sales fell 15.7%, versus the consensus of a 13.1% drop.
Saks Incorporated (NYSE: SKS) - October comparable store sales fell 16.6%, versus the consensus of a 11.8% drop.
TJX Companies, Inc. (NYSE: TJX) - October comparable store sales fell 6%, versus the consensus of 0.8% drop.
Better-Than-Expected Comps:
Children's Place Retail Stores, Inc. (Nasdaq: PLCE) October comparable store sales increased 4%.
Wal-Mart Stores, Inc. (NYSE: WMT) October Comparable store sales rose 2.4%, versus the consensus of a 1.4% rise.
BJ’s Wholesale Club (NYSE: BJ) – October comparable store sales increased 10.2%, versus the consensus of a 7.4% rise
Dillard’s (NYSE: DDS) - October comparable store sales fell 8%, versus the consensus of an 11% drop
JC Penney (NYSE: JCP) - October comparable store sales fell 13%, versus the consensus of an 14.2% drop
Others that Reported:
Jo-Ann Stores, Inc. (NYSE: JAS) - October comparable store sales fell 1.5%
Gottschalks Inc. (NYSE: GOT) - October comparable store sales fell 13.4%
Zumiez (Nasdaq: ZUMZ) - October comparable store sales fell 13.1%
American Apparel (NYSE: APP) - October comparable store sales rose 22%.
Fred's Inc. (NASDAQ: FRED) - October comparable store sales rose 1.3%
Cato Corporation (NYSE: CTR) - October comparable store sales rose 4%.
Gymboree Corporation (Nasdaq: GYMB) - October comparable store sales fell 2%
The Talbots, Inc. (NYSE: TLB) - October comparable store sales fell 13.9%
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