Retail Sales Boost Overall Market (ANF, TGT, AN, KSS); Dow Up 96
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Price: $109.01 +3.80%
Overall Analyst Rating:
SELL (= Flat)
Dividend Yield: 6.9%
EPS Growth %: -14.7%
Overall Analyst Rating:
SELL (= Flat)
Dividend Yield: 6.9%
EPS Growth %: -14.7%
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Retail sales showed sign of strong consumer spending in November as the holiday shopping season gets off to a strong start.
Among the biggest winners in the retail market was Abercrombie & Fitch Co. (NYSE: ANF), which posted a same store sales rise of 22 percent last month. Shares of the trendy apparel retailer are up 9.83 percent to $55.40 in midday market movement on Thursday.
Limited Brands Inc. (NYSE: LTD) posted a 10 percent rise in November comps, The Buckle Inc. (NYSE: BKE) comps up 7.9 percent, and the The Wet Seal Inc. (NASDAQ: WTSLA) said same store sales last month rose 7 percent last month.
Rival in the clothing market, American Eagle Outfitters (NYSE: AEO) posts November comps remaining flat.
Larger retailers showed signs of strength in November led by Target Corp. (NYSE: TGT) reporting comps up 5.5 percent and Macy's Inc. (NYSE: M) up 6.1 percent.
Kohl's Corp. (NYSE: KSS) same store sales rose 6.1 percent last month, J.C. Penney Co. (NYSE: JCP) comps up 9.2 percent and Costco Wholesale Corp. (NASDAQ: COST) up 9 percent.
Other companies reporting same store sales on Thursday included:
Among the biggest winners in the retail market was Abercrombie & Fitch Co. (NYSE: ANF), which posted a same store sales rise of 22 percent last month. Shares of the trendy apparel retailer are up 9.83 percent to $55.40 in midday market movement on Thursday.
Limited Brands Inc. (NYSE: LTD) posted a 10 percent rise in November comps, The Buckle Inc. (NYSE: BKE) comps up 7.9 percent, and the The Wet Seal Inc. (NASDAQ: WTSLA) said same store sales last month rose 7 percent last month.
Rival in the clothing market, American Eagle Outfitters (NYSE: AEO) posts November comps remaining flat.
Larger retailers showed signs of strength in November led by Target Corp. (NYSE: TGT) reporting comps up 5.5 percent and Macy's Inc. (NYSE: M) up 6.1 percent.
Kohl's Corp. (NYSE: KSS) same store sales rose 6.1 percent last month, J.C. Penney Co. (NYSE: JCP) comps up 9.2 percent and Costco Wholesale Corp. (NASDAQ: COST) up 9 percent.
Other companies reporting same store sales on Thursday included:
- Pier 1 Imports (NYSE: PIR) comps up 10.2%
- Stage Stores Inc. (NYSE: SSI) comps up 2.4%
- Destination Maternity Corp. (NASDAQ: DEST) comps up 4%
- AutoNation Inc. (NYSE: AN) comps jump 16%
- The Bon-Ton Stores, Inc. (NASDAQ: BONT) comps up 2.9%
- Gap Inc. (NYSE: GPS) comps up 4%
- BJ's Wholesale Club Inc. (NYSE: BJ) comps up 5%
- Dillard's Inc. (NYSE: DDS) comps up 8%
- TJX Companies Inc. (NYSE: TJX) comps up 3%
- Nordstrom Inc. (NYSE: JWN) comps up 5.1%
- Duckwall-ALCO Stores, Inc. (NASDAQ: DUCK) comps up 5.8%
- Saks Inc. (NYSE: SKS) comps up 5.3%
- Ross Stores Inc. (NYSE: ROST) comps up 6%
- Stein Mart Inc. (NASDAQ: SMRT) comps flat
- Perfumania Holdings, Inc. (NASDAQ: PERF) comps down 10.4%
- Rite Aid Corp. (NYSE: RAD) comps down 1.3%
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