Retail Rundown: May Figures Look Mixed, Stocks Mostly Selling-Off
As today was the first Thursday of the month, retail companies released their sales results for the month of May. Take a broad look at the Retail group, monthly figures seem to be coming in mixed. After gapping sharply higher at this morning's open, the SPDR S&P Retail ETF (NYSE: XRT) is now down 0.35%.
Below are some highlights from just a few of the retail sales reports which were released earlier:
Below are some highlights from just a few of the retail sales reports which were released earlier:
- Costco (Nasdaq: COST) - comps up 9%, shares down 2% today.
- Target (NYSE: TGT) - same store sales rose 1.3% last month, stock down 0.18%.
- JCPenney (NYSE: JCP) comps fell 1.8%, shares are down 0.75% today.
- Macy's (NYSE: M) - comps up 1.4%, stock up 0.13%.
- Gap (NYSE: GPS) - same store sales rose 1%, stock down 1.5%.
- Limited Brands (NYSE: LTD) - same store sales jumped 5%, shares up 1.1%.
- Nordstrom (NYSE: JWN) - comps climbed 3.7%, stock down 5% today.
- Pier 1 (NYSE: PIR) - comps surged a whopping 14.3%, shares have rallied more than 10% today.
- Walgreens (NYSE: WAG) - comps fell a modest 0.2%, shares are down 2%.
- Family Dollar (NYSE: FDO) - same store sales rose 7%, said prior EPS guidance will be at the upper end of range, stocks down 3.9%.
- Abercrombie & Fitch (NYSE: ANF) - comps down 3%, shares up 5.2%.
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