November Retail Sales Looking Ugly; XRT Down 1.5% Today
As the first Thursday of the month, retailers released their monthly sales figures today. On average, results seem to be coming in below expectations. The SPDR S&P Retail ETF (NYSE: XRT), often just referred to as "the XRT", has fallen about 1.5% today.
Below are some highlights from today's retail figures for November:
Below are some highlights from today's retail figures for November:
- Target (NYSE: TGT) same store sales fell 1.5%. The stock is down 2.8%.
- JCPenney (NYSE: JCP) comps fell 5.9%. Shares are down 3% today.
- Costco (Nasdaq: COST) reported a 9% increase in same store sales. Shares have fallen 3%.
- Macy's (NYSE: M) comps down 6.1%. Stock is down 3%.
- Abercrombie & Fitch (NYSE: ANF) reported a 17% drop in comps. Shares have tumbled nearly 10%.
- Gap (NYSE: GPS) comps flat. Shares are down 1.4%.
- Children's Place (Nasdaq: PLCE) same store sales fell 13%. Shares are down a whopping 12%.
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